The European Commission projects Hungary's economy will expand by 2.8 % in 2011, unchanged from its projection in the spring. The Commission forecasts that Hungary will meet the 3.8 % public finance deficit target for 2010 but will overshoot the respective targets for 2011 and 2012.
The Monetary Council of the National Bank of Hungary increased the prime interestó rate by 25 basis points to 5.5 percent on Monday with effect from November 30. The base rate had stood at 5.25 percent since April 27.
’Obama – the road to the White House and always further…” is the title of a new book in Hungarian by Pál Bokor, a former Hungarian correspondent in the United States about the election and the presidency of Barack Obama.
"All our current programs and projects, such as Active Citizen, Rivers of the World, Challenge Europe, aim to contribute to social change and to make this world a better place to live,” director Simon Ingram-Hill says.
The government adopted a package of bills designed to force people to switch from a private to a state-managed pension scheme. Those not willing to switch will lose the considerable amount of state pension they are now entitled to.
'People here are very professional, very well-educated, which is, of course, very important for our business”, says Herbert Fisch of BASF Hungária, adding that his company sees great potential in Central Europe.
Bitter pills may have blessed effects, they say. But why choose torturing when the same goals can be achieved smoothly, nicely, without any pain? With Angels' Kitchen, culinary meets psychology for the best results.
In the past five years, the French owner of the Hungexpo fair and exhibition site has spent EUR 50 million, including the purchase price, to develop the area of 36 hectares that now has 70,000 sq meters of covered exhibition area in Budapest.
The business climate has been "challenging" for the last couple of years but there is a slow recovery seen now. That is according to Adrian Ellis, the director of Corinthia Hotel Budapest, the largest 5-star hotel in the Hungarian capital.
The city has seen an abundance of civil initiatives in recent years which are independent of state or corporate sponsorship, work in a not-for-profit model, and complement the offer of large staterun museums and galleries.
The first and foremost task of the British Chamber of Commerce in Hungary is to help its 180 members conduct business with good services and events. Also the Chamber is to represent British business values in Hungary.
"We are widely recognized as being a country that is engaged in Hungary with a lot of project work." These words by the British Ambassador to Hungary, Greg Dorey to Diplomacy and Trade magazine well reflect his activity in fostering bilateral ties
Hungarian-born Hollywood movie producer Andrew G. Vajna talks to Diplomacy and Trade magazine about his business interests in the Hungarian capital where he was born and the city that he left in 1956 to leave for the United States.
Transparency International believes that while Hungary’s perceived level of corruption has remained the same, the CE European average has slowly but steadily improved. Hungary has been losing its favorable position in the region both in terms of corruption level and competitiveness.
