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Friday 24 Nov 2017
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TAO Contributions Have Diverted USD 1.23 Billion From Hungary’s State Treasury
More than HUF 330 billion (USD 1.23 billion) of public funds have been diverted from the state treasury to the sports clubs under Hungary’s controversial TAO program since 2011, reports business/economics daily g7.hu. more »
EC Raises Hungary GDP Growth Forecasts
The European Commission has raised its projections for GDP growth in Hungary to 3.7% for this year and 3.6% for 2018 in a fresh forecast. The projections for 2017 and 2018 were raised from 3.6% and 3.5%, respectively, in the EC’s spring economic forecast, released in May. The EC publishes such forecasts three times a year. more »
BCCH Yearbook 2017
The British Chamber of Commerce in Hungary would like to call your attention to an excellent advertising opportunity in the BCCH Yearbook, a high-quality publication introducing the Chamber and its activities and reporting on its previous Council year. 2017 is the eighth time it will be published, and it will contain all the important Chamber news and events, projects and programmes from 2017, also some upcoming events, projects, strategies and future plans for 2018, along with information about the British Business Centre, which was established by the Chamber and the British Embassy in Budapest in order to further strengthen bilateral trade relations between the United Kingdom and Hungary. more »

Hungary Trade Surplus EUR 928 m In September


Hungary Trade Surplus EUR 928 m In September
Hungary had 928 million euro trade surplus in September, the Central Statistical Office (KSH) said in a first reading of data on Wednesday. more »

Budapest Paid 19 Percent More For Refurbished Subway Cars Than Russia Did For New Ones


Budapest Paid 19 Percent More For Refurbished Subway Cars Than Russia Did For New Ones
Index.hu reports that Budapest signed a contract with Russian engineering firm Metrowagonmash in 2015 worth HUF 69 billion (USD 256.5 million) for 222 refurbished metro cars, an average price of HUF 308.9 million per car. The cars had been running on the badly deteriorated M3 metro line for 40 years before being renovated. more »

Hungary Pulls Out Of German-Hungarian Forum After 26 Years


Hungary Pulls Out Of German-Hungarian Forum After 26 Years
For the past 26 years, an annual conference has brought together the foreign affairs ministers of Hungary and Germany, as well as numerous political, economic, scientific and cultural leaders from the two countries, to discuss their multi-faceted cooperation. The German-Hungarian Forum was, since 1992, an important foreign policy tool through which Hungary was able to regularly meet and negotiate with one of its most important economic and political allies. more »



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