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CEU Responds To Proposed Amendments In Hungarian Higher Education Law
Central European University (CEU) expresses its opposition to proposed amendments to Act CCIV of 2011 on National Higher Education, tabled in Hungarian Parliament today. After careful legal study, CEU has concluded that these amendments would make it impossible for the University to continue its operations as an institution of higher education in Budapest, CEU's home for 25 years. CEU is in full conformity with Hungarian law. more »
US Embassy Expresses Concern Over Higher Ed Bill’s Effect On CEU
The US embassy has expressed concern over a recent bill to amend the law on higher education in order to clarify and tighten rules governing foreign higher education institutions operating in Hungary, which it says would “seriously restrict” the operation of the Central European University (CEU). David Kostelancik, the charge d’affaires at the embassy, told MTI on Wednesday that the US is opposed to any measure that would endanger the university’s operation or independence. more »
MNB Moves Towards Instant Payments
The MNB has appointed its clearing house subsidiary GIRO to develop the central infrastructure for instant payment systems by the middle of 2019, the central bank announced. more »

National Bank Keeps Base Rate On Hold, Raises 2017 Inflation Forecast To 2.6 %


National Bank Keeps Base Rate On Hold, Raises 2017 Inflation Forecast To 2.6 %
The National Bank of Hungary’s Monetary Council decided to keep the central bank’s key rate on hold at 0.90 percent at a meeting on Tuesday, as expected. The National Bank of Hungary (NBH) raised its inflation forecast for this year in a quarterly forecast released. more »

Consumer, Business Confidence Improve In March


Consumer, Business Confidence Improve In March
GKI’s combined consumer and business confidence index edged up to 0.5 point in March from 0.1 point in the previous month. The business confidence index rose to 4.7 points from 4.5 points. Industrial companies’ assessment of output in the recent period improved, but the production outlook worsened. more »

Govt To Publish 2014 - 2020 EU Tenders Before End-March


Govt To Publish 2014 - 2020 EU Tenders Before End-March
The government will put out all tenders for European Union funding in the 2014-2020 period, totalling 8,900 billion forints (EUR 28.7bn), before the end of this month, government office chief János Lázár told parliament on Monday. Lázár said in his introduction to a plenary discussion on the subject that 53% of the grand total has already been contracted. more »



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