Respect for the standards of rule of law is required for the proper spending of EU funds – this was the conclusion drawn by several speakers at an international conference organized by Transparency International Hungary (TI) in Budapest.

The latest Economic Outlook published by the Organisation for Economic Cooperation and Development (OECD) says Hungary's recent strong economic performance is projected to continue into 2018, before softening somewhat in 2019.

A recent survey by the German-Hungarian Chamber of Industry and Commerce reveals that German companies are currently in excellent shape in the country. They are even more optimistic than the already very good results published in April.

The National Bank of Hungary has published its latest competitiveness report in order to analyse, examine and evaluate Hungary’s competitiveness and to explore the possibilities of further progress with over a hundred indicators.

The Hungarian Business Council for Sustainable Development (BCSDH) celebrates its ten-year anniversary. On this good occasion to look back, Diplomacy&Trade talked to the President of the
organization, Attila Chikán, Jr.

Siemens Ltd, the Hungarian subsidiary of Europe's largest industrial manufacturing company, has joined the working group of the National Supplier Program, the Hungarian Minister for National Economy Mihály Varga said at the signing of a letter of intent.

The British Chamber of Commerce in Hungary celebrated its 25th anniversary last year. Its Chairman Vazul Tóth tells Diplomacy& Trade regards it as a great achievement that the BCCH is among the most active bilateral chambers in Hungary.

As of September 21, 98% of all tariffs between Hungary and Canada are eliminated as the Canada-EU Comprehensive Economic and Trade Agreement – known as CETA – comes into effect through provisional application.

The Italian Chamber of Commerce in Hungary (Camera di Commercio Italiana per l'Ungheria – CCIU) held an Italian Business Day event in Debrecen, E Hungary with the participation of the Italian Ambassador to Hungary, Massimo Rustico.

The official Hungarian Gazette has published a government resolution according to which the cabinet spends an extra HUF 2.4 billion on the deployment of another 30,000 bank card acceptance points as promised earlier.

GKI’s economic sentiment index reached its historic peak in July. According to the empirical survey conducted by GKI with the support of the EU, the business confidence index fell slightly in August. However, consumer expectations increased a bit.

The National Bank of Hungary will continue its program of upgrading Hungarian forint banknotes . As part of the program. The Bank says it will issue into circulation an upgraded 1,000-forint note with new design elements and new security features.

In the month of July 2017 the state budget posted a surplus of HUF 94.4bn, thanks mainly to higher-than-expected tax revenues, according to a statement about fiscal data by the Hungarian Ministry of National Economy.

GKI's economic sentiment index and the business confidence index have never been as high as now so far during its more than twenty years of history. The empirical survey was conducted by GKI with the support of the EU.

According to newly published figures by the Hungarian Central statistical Office, industrial producer prices as a whole were 1.5% higher in June 2017 than in the same period of the previous year. Domestic output prices increased by 3.2% on average.