A mild recovery is forecast for 2015, with growth set to reach 1% in 2016, spurred by EU-funded investments. Fiscal consolidation needs and limited structural reforms, however, continue to hold back potential growth. Employment is still expected to stagnate in 2015 - according to the analysis and forecast of the European Commission.
Just like last year, Budapest is ranked 17th in the world according to the International Congress and Convention Association (ICCA), which lists the number of international events complying with the organisation’s criteria. Hungary is 31st among the countries.
Japan and Hungary share common values such as democracy, rule of law, market economy, basic human rights, freedom of the press and the freedom of expression,” Japanese Ambassador Junichi Kosuge tells the Japan focus of Diplomacy & Trade.
Optimus Plesni Klub was founded by Rade Janjic in 2008. The dance club’s goal is to train competitive couples at an international level and popularise competitive dancing in Croatia. The club is very successful and well-known, ancers regularly appear in the popular TV show, Dancing With the Stars (Ples sa zvijezdama).
Thousands of healthcare workers demonstrated in Budapest late Tuesday afternoon to call the government's attention to their "humiliatingly low wages". As the website [origo] calculated, the net hourly wage for nurses is below the price of a Big Mac.
The UN Refugee Agency speaks out against a growing expression of xenophobia in Hungary. It raises concerns over efforts by the Hungarian government to paint refugees as a threat to the country in leading questions asked in a so-called national consultation.
Alexandre Lámfalussy, the Hungarian-born economist and banker known as one of the fathers of the common European currency, the Euro, and the head of the predecessor of the the European Central Bank, passed away less than a month after his 86th birthday.
The British Embassy in Budapest hosted a party Thursday night on the occasion of the general elections in the United Kingdom in the Embassy building. Guests were invited by the new Chargé d’Affaires of the Embassy, Theresa Bubbear.
It was 65 years ago on this day that the new airport of the Hungarian capital commenced operation. On May 7, 1950, a Li-2 passenger aircraft flew to Ferihegy from nearby Budaörs Airport. This marked the beginning of civil aviation at Budapest Airport.
The Hungarian Ministry of Foreign Affairs and Trade in Budapest hosted a conference on the occasion of the 70th anniversary of the formation of United Nations Organization and mark the 60th anniversary of Hungary's membership in the organization.
A Charity Bazaar - presented by the Indonsian Trade Pomotion Center and the Indonesian Embassy in Budapest - will be held at the Hungarian capital's Millenáris Teátrum on May 8-9. Proceeds are to go to the Sóstó Zoo in Nyíregyháza, NE Hungary.
The number of new car registrations jumped in Hungary by 21% year on year in April 2015, the financial website portfolio.hu quotes JATO Dynamics. The top-selling brand was Ford, as it took the lead in sales to businesses, with Suzuki on top among private buyers.
Some 2,000 fans celebrated in Székesfehérvár, SW of Budapest, the second football league title of local side Videoton this Sunday. Videoton won its week-end match while nearest rivals Ferencváros could only draw their match in Pécs.
In Budapest, the traditional venue for the May 1 celebrations is the City Park. This time, opposition parties held their celebration of the International Labor Day there and several trade unions held demonstrations against the current government"s labor policy.
The British Embassy in Budapest has released a statement to announce that Ms. Theresa Bubbear has been appointed Chargé d'Affaires Ad Interim to Hungary. She took up her appointment on April 27, 2015. There is also a new Deputy Head of Mission.
