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Economy

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Insider reviews, first hand infos and more.

GKI-Erste Economic Sentiment Index

Economic sentiment rises to 15-year high

D&T
Apr 23, 2014

The GKI-Erste economic sentiment index, which has been rising spectacularly for 18 months according to seasonally-adjusted figures in Hungary, has gone up in April and expectations reached their highest in more than 15 years.

Attila Debreczeni | Dávid Harangozó

Proactive help for Finnish firms in Hungary

D&T
Apr 15, 2014

At FinPro, Finland’s national trade, internationalization and investment development organization, the main line of activity is partner searching. In the recent Finland Focus of Diplomacy & Trade, the head of FinPro in Hungary talked about the organization.

Adriatic LNG terminal - a possible naval destination for American gas to Central Europe | source: arup.com

Central Europe requests American gas supply

D&T
Mar 10, 2014

The ambassadors of the V4 countries to the United States have made a plea to U.S. House Speaker John Boehner for the United States to export natural gas to Central and Eastern Europe to ease the region’s dependence of gas supply from Russia.

| Dávid Harangozó

British Business Centre opens in Budapest

D&T
Mar 7, 2014

The British Business Centre, established with the cooperation of the British Embassy, the UK Trade & Investment (UKTI) and the British Chamber of Commerce in Hungary (BCCH) was officially aunched this Friday in downtown Budapest.

BCCH Chairman Vazul Tóth | Dávid Harangozó

Changes to be built on traditional values

D&T
Feb 27, 2014

The British Chamber of Commerce in Hungary (BCCH), established in 1991, elected a new Chairman, Vazul Tóth at its Annual General Meeting in May last year. A recent issue of Diplomacy & Trade carried an interview with him.

The President of the Swedish Chamber of Commerce in Hungary

Swedish Chamber heads EU chambers in Hungary

D&T
Feb 7, 2014

The Chairmanship of the EU-Chambers of Commerce in Hungary has been taken over by the Swedish Chamber of Commerce in Hungary whose President, János Takács became the Chairman of the EU-Chambers of Commerce in Hungary.

Dóra Kulauzov | Dávid Harangozó

Aiming at prosperity through commercial diplomacy

D&T
Feb 6, 2014

The recent country focus section on the United Kingdom in Diplomacy & Trade featured the 'UK Trade & Investment' as an organization that adapts to changing circumstances in Hungary and internationally, using the ‘Britain Open for Business’ strategy.

Hungarian Minister of National Economy

Hungarian-Korean Economic Cooperation Forum

D&T
Jan 28, 2014

“Hungary is ready to further strengthen the business relations with South Korea,” the Hungarian Minister of National Economy, Mihály Varga pointed out at the opening of the Korean Economic Cooperation forum in Budapest.

Kim Yongsuk

Facilitating bilateral business ties

D&T
Jan 3, 2014

The Korean Trade-Investment Promotion Agency (KOTRA) established its Budapest office back in 1987, before the change of the social and economic system in this country. Its current director talked to Diplomacy & Trade in a recent interview.

| Jakub Krechowicz/Shutterstock.com

Hungary's public debt remains over 80pc of GDP

D&T
Jan 2, 2014

Hungary’s general government consolidated gross debt at nominal value (or called the Maastricht debt) was 80.2% of GDP at the end of the third quarter of 2013, according to financial accounts data relesead by the National Bank of Hungary. (NBH).

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Hungary to benefit from global trade agreement

D&T
Dec 9, 2013

The global trade agreement signed at a ministerial conference of the World Trade Organization (WTO) in Bali, Indonesia, represents a positive development for Hungary and Europe, Minister of Foreign Affairs János Martonyi said.

János Berényi | HITA

New President at HITA

D&T
Dec 5, 2013

With effect from December 1, Dr. János Berényi has been appointed as the President of the Hungarian Investment and Trade Agency (HITA). The new leader has extensive experience in the management of companies both in the public and the private sector.

| Dávid Harangozó

Expertise to find niche markets in Russia

D&T
Dec 2, 2013

The Russia Division of MKIK (the Hungarian Chamber of Commerce and Industry) was established in July 2003. Now, it has over a hundred Hungarian members interested in Russian relations - especially SMEs and some larger companies.

Leonid Grigoryevich Shurigin

A lucky choice by fate

D&T
Nov 27, 2013

In the recent Russian country focus of Diplomacy & Trade, Leonid Shurigin, the Trade Representative of the Russian Federation in Hungary looks back at an important bilateral event, the the meeting of the Russian-Hungarian Intergovernmental Commission.

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