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Tuesday 21 Feb 2017
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NAV Gives Tax Evaders Time To Pay
The tax office NAV has received financial data from its US equivalent on Hungarian nationals that received dividend and interest revenues in 2014, NAV chairman András Tállai announced on Sunday. more »
European Commission Raises GDP Growth Forecast For Hungary
Hungary’s real-term GDP growth is expected to be 3.5 percent this year, the European Commission said in its 2017 winter economic forecast released on Monday, in an upward revision from the 2.6 percent growth predicted in its earlier autumn forecast in November. more »
CEU To Launch New Department In Budapest
In response to changing patterns in business education globally and the evolving needs of students, Central European University (CEU) is creating a new department, building on the combined strengths of the current Business School and Economics Department, according to a press statement. more »

Jörg Bauer Wins BBJ Expat CEO Of The Year Award


Jörg Bauer Wins BBJ Expat CEO Of The Year Award
Jörg Bauer, CEO of GE Hungary Kft., has been recognized as the most influential foreign CEO in Hungary by the Budapest Business Journal. Ekkehard Philipp, CFO of Mercedes-Benz Manufacturing Hungary Kft., received the HIPA Local Partnership award in recognition of his firmʼs use of local suppliers. more »

Inflation Picks Up To 2.3 Pc, Industrial Output Down 0.5 Pc In Hungary


Inflation Picks Up To 2.3 Pc, Industrial Output Down 0.5 Pc In Hungary
Annual consumer prices in Hungary grew by 2.3 percent in January, accelerating from a 1.8 percent increase in December, the Central Statistical Office (KSH) said. Hungarian industrial output fell by an annual 0.5 percent in December 2016, while output for the full year rose by 0.9 percent, a detailed reading of data released by KSH on Tuesday shows. more »

Analysts: CPI Likely Breached 2% Last Month


Analysts: CPI Likely Breached 2% Last Month
Hungary’s annual headline inflation is likely to have accelerated to above 2% last month, largely on strong base effects, London-based emerging markets analysts said ahead of Tuesday’s data release. Economists at JP Morgan said they expect January CPI inflation at 2.2% after 1.8% in December. As in recent months, a substantial base effect in energy prices should lead the rise as fuel prices fell by a sharp 4.2% month on month in January 2016. more »



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