News
May 27, 2016
Hungary: Employment growth hits new record
The number of people in employment has been nearing 4 million 300 thousand in Hungary, according to the latest job report of the Hungarian Central Statistical Office (KSH). In the period February-Apri...
May 24, 2016
Fitch Ratings returns Hungary to investment grade
Fitch Ratings returned Hungary to investment grade as it upgraded the sovereign to BBB- from BB+ with a stable outlook. Fitch is the first of the three major ratings agency to offer the country an esc...
May 20, 2016
Hungarian studio wins competition for new Budapest’s Museum
Hungarian architects Napur have won the international design competition to design the new Museum of Ethnography building in Budapest. The firm – who worked in collaboration with architects and design...
May 17, 2016
Rubik’s Cube competition – Magic in Pakistan
Hunor Bozsing says he got lucky eight years ago: searching for an old toy in his house in Budapest, instead he stumbled across a Rubik’s Cube – a twist of fate that launched him to international fame....
May 13, 2016
Bocuse d’Or: fantastic victory for Hungary
Tamás Széll from the Michelin-starred Onyx restaurant in Budapest, Hungary took gold in a result that was hugely popular with a vocal home crowd. His dish consisted of a leg of young deer grilled on c...
May 10, 2016
A great investor, a great friend of Hungary
Khalaf Ahmad Al Habtoor, chairman of the UAE-based Al Habtoor Group, was presented with state honours from the Hungarian government. The Hungarian Ministry of Foreign Affairs presented Al Habtoor with...
May 07, 2016
Old friends: Shiraz and Pécs become sister cities
Mayors of Iran’s Shiraz and Hungary’s Pécs have signed a sisterhood agreement. At a meeting with the mayor of Pécs Zsolt Páva, Mayor of Shiraz Alireza Pak Fetrat emphasized the cultural and historical...
May 04, 2016
Hungary to spend more money on research
The prime minister said the government is planning to spend a total of 1,200 billion forints (EUR 3.9bn) on research, development and innovation in the next four years.Addressing the opening ceremony ...
May 02, 2016
Mercedes-Benz: new investment in Hungary
The German carmaker Mercedes-Benz has announced a 185 billion forint worth of investment at its Hungarian plant in Kecskemét. Mercedes-Benz will invest a total of EUR 580 million in Hungary (EUR 250 m...
Apr 30, 2016
2017 budget: tax cuts, housing in the focus
The 2017 Budget enables every Hungarian to make one step further, Minister for National Economy Mihály Varga said, before he handed over the 2017 Budget Bill to the Parliament.Mihály Varga stressed th...
Apr 29, 2016
Hungary and Kyrgyzstan: cooperation in a new dimension
The European Union is working on a new Central Asia strategy in which Kyrgyzstan will play a priority role, and a reinforcement of the partnership and cooperation agreement between the two parties is ...
Apr 27, 2016
Hungarian scholarships: Pakistani students to start classes
The first group of 80 Pakistani students will pursue classes in their respective disciplines from the coming fall session at various institutions in Hungary.The under-secretary of Hungary’s Ministry f...
Apr 09, 2016
Final instalment: no more debts to EU and IMF
Hungary fully reimbursed European Commission loan. With this step, the Government has reached its goal of creating economic policy independence also in terms of state financing. Hungary has paid back ...
Apr 08, 2016
Budget gap: best performance in 11 years
Hungary posted 140.8 billion forint deficit in March 2016, the National Economy Ministry announced in a preliminary report. The monthly gap is small compared to the previous years and the end-March ba...
Apr 07, 2016
CIA confirms: Hungary is a safe country
Referring to Polish media reports suggesting that the CIA had warned against a potential terrorist attack planned to be committed in the Hungarian capital, the Hungarian Prime Minister’s chief securit...