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Economy

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Insider reviews, first hand infos and more.

| 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.

Siemens Hungary President-CEO Dale A. Martin (left) and Minister for National Economy Mihály Varga | Ministry for National Economy

Siemens joins govn't supplier program

D&T
Oct 9, 2017

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.

BCCH Director Csilla Csurgai and Chairman Vazul Tóth | Dávid Harangozó

Chamber of choice

D&T
Oct 8, 2017

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.

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CETA takes effect

D&T
Sep 21, 2017

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.

Participants of the Italian Business Day in Debrecen | CCiU

Italian Business Day in Debrecen

D&T
Sep 14, 2017

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.

| Can Stock Photo Inc.

More payment terminals subsidized in Hungary

D&T
Aug 30, 2017

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 economic sentiment index August 2017 | GKI

Economic sentiment index close to its peak

D&T
Aug 29, 2017

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.

Renwed 1

Upgraded banknote to appear in Hungary

D&T
Aug 23, 2017

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.

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