A recent report suggests that the typical amount sent by migrant workers back to their home country ranges from USD 1,500 to USD 3,200 annually. In 2014, Hungarians transferred to their families back home some USD 4.5 billion.

The Belgian Business Club in Hungary Association (Belgabiz) was officially presented on Thursday in Budapest, aiming to provide information-gathering services for companies interested in the development of Hungarian-Belgian economic relations.

The Hungary-Japan Economic Club (MJGK) was founded in 1971 to assist with information, events and contacts (companies and individuals) interested in economic co-operation between Hungary and Japan and to aid in the improvement of those relations.

European Chamber’s Competitiveness Index lists the countries based on the Global Competitiveness Index (GCI) improvement from the global financial crisis in 2008 to the present. Switzerland, Germany and Scandinavian countries are competitively dominant in Europe, Macedonia and Bulgaria are far behind.

As a result of the amendment of legislation on the advertising tax, this levy is to generate more revenues than what the cabinet had previously estimated, the financial website portfolio.hu quotes local daily newspaper Népszabadság.

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.

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.

Addressing the challenges of the global economy's transition from the linear model to the circular economy, EuCham European Chamber is hosting the Green Economic Forum on May 11 in Budapest. Attending is free of charge for accepted registrants.

The number of businesses involved in vocational training is set to rise from 7,000-8,000 to 20,000 in Hungary and the government says it will set up training centers in the capital and in major cities around the country from July this year.

Hungarian government ministers have ordered an immediate halt to construction of the section of the M4 motorway between Abony and Fegyvernek in Eastern Hungary as they claim the European Commission had raised concerns over suspected cartel activity.

The Hungarian-Chinese Chamber of Economy (ChinaCham Hungary) celebrates 10th anniversary this year. On this occasion, the President of the organization, Ernõ Petõ was interviewed for the recent China country focus section of Diplomacy & Trade.

The Budapest-based EuCham Central and Eastern Europe - in cooperation with Transparency International Hungary - organizes its Business Integrity Forum in the Hungarian capital on March 23 on the importance of compliance and integrity in business.

The Hungarian Association of Executives, which celebrates its 25th anniversary, handed over the Manager of the Year, the Young Manager of the Year and the Leadership Excellence awards on February 28 during the 21st Executive Ball and Awards Gala.

In its recent country focus on Switzerland, Diplomacy & Trade included a piece on the role, the objectives and achievements of the Swiss Contribution Program in Hungary. The main aim of the Program is to reduce economic and social disparities.

This year, the Swiss Chamber of Commerce in Hungary (SwissCham) celebrates the 20th anniversary of its foundation. In the recent Swiss Focus of Diplomacy & Trade, the President of the organization talked about the past two decades and the years to come.