Hungary’s 0.8% quarter-on-quarter GDP contraction in January-March was the sharpest drop in the entire bloc and the only country that fared worse than Hungary in terms of yr/yr growth was recession-ridden Greece, portfolio.hu quotes Eurostat.

The Indo-Hungarian Business Association’s activities cover promotion of commercial and industrial relations between India and Hungary, developing business cooperation, providing assistance to Indian entrepreneurs in Hungary and vice versa.

The perception of bribery and corruption among corporate executives has not changed meaningfully over the last four years, according to the 14th Global Fraud Survey by Ernst & Young. In Hungary, this ratio is well above even the regional average at 66%.

In order to boost employment, Hungary should reduce the burden of labour income taxation, especially for low-earners, and devote more funds to human capital and research & development in order to improve its lagging behind developed OECD countries.

The Emerging Europe Mega Mission 2016 business delegation, organized by British government's Trade and Investment Bureau (UKTI), visited the Hungarian capital this week, focusing on companies with advanced manufacturing technologies.

Corruption affecting public decisionmaking, public healthcare and public procurement remained a cause of concern in Hungary, the European Commission said in its latest country report cited by the Hungarian financial website portfolio.hu.

Compared to its very high January level, the seasonally adjusted GKI economic sentiment index decreased by a rate that has not been seen for a year. Expectations deteriorated in all sectors and among consumers, but they still reflect an optimistic mood.

The Hungarian Investment Promotion Agency (HIPA) says it successfully negotiated 67 investment projects last year, an increase of 12% compared to the previous year. 14 projects were started by German firms and 11 projects by US companies.

Hungary’s consumer prices rose 0.9% year on year in January 2016. The consensus forecast in a poll by the financial website portfolio.hu showed that inflation accelerated to 1.1% from 0.9% in December, i.e. the actual CPI reading undershot expectations.

Budapest Healing Baths and Hot Springs Co. Ltd. became the 'Investor of the Month' for investment projects implemented and financed from own funding, which have added to the allure of Budapest as a tourism destination for several years.

Hungary slipped down three places in the most comprehensive corruption ranking in the world, the Corruption Perceptions Index (CPI) prepared by Transparency International. Hungary's performance declined within the EU and also in the CE region.

Hungary’s GKI economic sentiment index (adjusted for seasonal effects) in January 2016 was its highest level in almost 18 months - expectations were near their 2015 peak in the business sector and near their 2014 peak among consumers.

For the second time, the American Chamber of Commerce in Hungary (AmCham) hosted the Hungarian Ambassador to the United States and the American Ambassador to Hungary at a joint business forum at the Budapest Marriott Hotel.

The Hungarian government has no plans to modify its tax regime as the the government claims the current system is much better than those recommended for Hungary by the IMF, the OECD or other international organisations, portfolio.hu reports.

On International Anti-Corruption Day, Transparency International Hungary (TI) organized its Átláccó (Transparent’) festival in Budapest on the theme of public procurement, the distribution and supervision of EU funds, and the abuses related to these.