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Economy

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Insider reviews, first hand infos and more.

Renewed 1

Upgraded Hungarian banknote

D&T
Feb 28, 2018

Upgraded 1,000-forint banknote denominations can appear in cash payments in Hungary from March 1, 2018. In addition to their renewed appearance, the banknotes have been brought up-to-date with regards their security features.

Balázs Rákossy

Startup Campus V4 Global Tour launched in Istanbul

D&T
Feb 26, 2018

The World Business Angel Forum in Istanbul marked the launch of the Startup Campus V4 Global Tour. At the conference, five Hungarian and two Polish innovative startups introduced their ideas to key sponsors and partners like Türk Telekom and Celebi.

V4 Startup Campus Global Tour press briefing | Sándor Laczkó

Startup Campus V4 Global Tour

D&T
Feb 5, 2018

Enterprise Hungary will launch the 'Startup Campus V4 Global Tour' event in February 2018, whereby innovative companies in the V4 countries will be able to introduce themselves to investors and large business partners.

GKI sentiment index 2011-18 | GKI

Minimal progress in business expectations

D&T
Feb 2, 2018

Compared to its historical peak at the end of 2017, GKI’s economic sentiment index advanced in January within the statistical margin of error as a result of a minimal improvement in business expectations and a slight deterioration of consumer expectations.

| Aleksandar Dmitrovic Photography

Understanding the market

D&T
Jan 12, 2018

“Hungary provides great opportunities for Australian companies. It is geographically well placed to tap into the broader continental European opportunities," the Senior Trade Commissioner for Central Europe, Anthony Weymouth tells Diplomacy&Trade.

Record year at the Budapest Stock Exchange

D&T
Jan 2, 2018

The Hungarian stock exchange closed December trading with HUF 194 billion turnover and the daily average turnover was HUF 10.2 billion. Compared to December 2016, both numbers exceed the current value (178 and 8.5 billion forints).

| Shutterstock.com

National bank inflation forecast

D&T
Dec 27, 2017

In Hungary, the rate of inflation will reach 3% percent, consistent with price stability. That inflation target in the prognosis of the National Bank of Hungary's inflation report is expected to be achieved in a sustainable manner by the middle of 2019.

| source: hebc.hu

HEBC for a Smart Hungary

D&T
Dec 14, 2017

In line with its tradition, the Hungarian European Business Council (HEBC) has prepared its 2017 recommendations, titled 'Smart Hungary'. The Report explores issues that can help accelerate the country’s economic and social development.

Poles by Lívia Benkõ_Csaba Hollós | source: transparency.hu

EU funds not to be used for corrupt practices

D&T
Dec 11, 2017

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.

| Dontworry/Wikipedia

Blackrock promotes Budapest opportunities in Frankfurt

D&T
Dec 11, 2017

After London, BlackRock held its career-building and networking event in Frankfurt, Germany. The world's largest financial fund management company prmoted the operation of the Budapest office, available job opportunities and potential career paths.

| Shutterstock.com

OECD outlook for Hungary

D&T
Dec 1, 2017

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.

DUIHK booth at the Automotive Hungary show in Budapest | ahkungarn.hu

German companies optimistic in Hungary

D&T
Oct 31, 2017

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.

| 123RF.com

National Bank competitiveness report

D&T
Oct 30, 2017

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.

BCSDH President Attila Chikán

A value creating community

D&T
Oct 10, 2017

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.

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