Maria Fedorova

Energy Trade

Hungary could build South Stream Pipeline under new bill

Hungary could start building its own segment of the South Stream Pipeline, despite the EU objection to the project, under...

Int'l Relations

Hungary-South Korea investment prelude success

A knowledge-sharing programme between South Korea and Hungary has been successful and Hungarian investors are welcome in South Korea, the...

Telco

KSH: Gross wages up 2.9% to HUF 234,600

Average gross earnings from January to August 2014 rose to HUF 234,600 per month. This represents a 2.9% increase year-on-year...

Sustainability

KSH: Home loan approvals on the rise

In the first half of 2014, the number of home loan approvals was more than 23,000, up 33% year-on-year, and...

Telco

National Deposit Insurance Funds pays out HUF 90 bln this year

Hungary's National Deposit Insurance Fund (OBA) has paid out almost HUF 90 bln to the clients of three failed savings...

Energy Trade

Hungary plans to restart gas flows to Ukraine in January

Hungary plans to restart gas deliveries to Ukraine in January, the local representative of Ukraine's state-owned Naftogaz told Hungarian business...

Deals

Hungary’s MOL Group is interested in negotiations on RWE’s DEA unit

Hungarian oil and gas company MOL said it would consider negotations regarding RWE's oil and gas unit DEA in the...

EU

Commission opens infringement procedure against Hungary

In an investigation of whether Hungarian investment laws are in compliance with EC standards, the European Commission said yesterday that...

Initiatives

Evopro teams up with Russian peer

Hungary's Evopro group signed an agreement with Russia's Nanotechnology Centre for Composites on the joint production of composite structure buses...

Conferences

Hungary signs MOU on IIB membership renewal

A memorandum of understanding was signed on the planned renewal of Hungary's International Investment Bank (IIB) membership in Budapest today,...

Tourism

Surplus on trade narrows, August c/a figures show

Hungary's surplus on external trade – especially the trade of goods – saw a sharp decrease in August, and was...

In Hungary

Authorities find bluetongue virus in Hungary

Hungary's food safety authority NÉBIH said today that it found the presence of bluetongue, a viral disease of ruminants, on...

Int'l Relations

Minister: Europe needs strategic partnership with Russia

Europe needs to maintain a strategic partnership with Russia in order to recover what it lost in competitiveness since the...

Food

KSH: Farm gate prices fall 3.3%

Agricultural producer prices fell by 3.3% year-on-year in August, the Central Statistics Office (KSH) reported today. Crop products were down by...

Energy Trade

Gas stores reach 65%

Hungary's gas stores contained 4 billion cubic metres by early October, reaching almost 65% capacity, the state-owned Hungarian Electricity Works...

EU

Hungary second in EU in growth of poverty risk

Hungary was second only to Greece in the pace of growth of the proportion of people at risk of poverty...

Art

Bluetongue restrictions in force outside of outbreak area

Restrictions related to an outbreak of bluetongue, a viral disease of ruminants, have been introduced in about two-thirds of Hungary,...

Sustainability

KSH: Construction output climbs 27%

Output of Hungary's construction sector climbed 27% year-on-year in the first nine months of 2014, the Central Statistics Office (KSH)...

Energy Trade

Gov’t decree guarantees storage capacity for imported gas

A government decree published in the latest issue of the official gazette Magyar Közlöny guarantees utilities companies storage capacity for...

Pharma

Russian ruble’s depreciation hits Richter

Hungarian pharmaceutical drug producer Richter will release its earnings report for Q3 this week. The analysts project a major decline...

Figures

KSH: Trade surplus revised up

Hungary had a €279 mln trade surplus in August, down €217 mln year-on-year, the Central Statistics Office (KSH) revealed in...

Figures

KSH: PPI down 0.3% y.o.y.

Industrial producer prices rose by 0.1% in September, compared to the previous month, the Central Statistics Office (KSH) reported today....

MNB

MNB: Retail lending stock falls on firmer forint

Hungarian banks retail lending stock fell in September as the stronger forint reduced the value of foreign currency-denominated loans, a...

Figures

KSH: Retail sales up 2.5 % in August

Retail sales in Hungary rose 2.5% in August year-on-year, according to calendar-adjusted figures, the Central Statistics Office (KSH) revealed today....

Food

KSH: Employment up to 68%

In July-September 2014, the number of employed people in Hungary aged 15-64 rose to 62.8%, the Central Statistics Office (KSH)...

Tourism

KSH: Jobless rate falls to 7.4%

Hungary's unemployment rate between July and September 2014 was 7.4%, a decrease of 2.4% compared to the same period last...

Analysis

OTP Bank passes ECB stress test

OTP Bank, the only Hungarian participant in the European Central Bank's stress test, does not need to modify its Common...

Banking

Lawmakers to discuss tax proposals on Tuesday

Parliament will meet early next week and on Tuesday, lawmakers will begin a debate on amendments to the tax legislation...

Logistics

GKI-Erste: Business, consumer confidence improve

GKI-Erste's combined gauge of consumer and business confidence increased 1.2 points in October from minus 2.3 points in September as...

Visits

Szijjártó meets U.S. managers in Washington

Enjoying a day away from the heat of the U.S.-Hungary fracas about corruption, Hungarian Minister for Foreign Trade and Foreign...

Hungary second in EU in growth of poverty risk

Hungary was second only to Greece in the pace of growth of the proportion of people at risk of poverty...

Bluetongue restrictions in force outside of outbreak area

Restrictions related to an outbreak of bluetongue, a viral disease of ruminants, have been introduced in about two-thirds of Hungary,...

KSH: Construction output climbs 27%

Output of Hungary's construction sector climbed 27% year-on-year in the first nine months of 2014, the Central Statistics Office (KSH)...

Gov’t decree guarantees storage capacity for imported gas

A government decree published in the latest issue of the official gazette Magyar Közlöny guarantees utilities companies storage capacity for...

Russian ruble’s depreciation hits Richter

Hungarian pharmaceutical drug producer Richter will release its earnings report for Q3 this week. The analysts project a major decline...

KSH: Trade surplus revised up

Hungary had a €279 mln trade surplus in August, down €217 mln year-on-year, the Central Statistics Office (KSH) revealed in...

KSH: PPI down 0.3% y.o.y.

Industrial producer prices rose by 0.1% in September, compared to the previous month, the Central Statistics Office (KSH) reported today....

MNB: Retail lending stock falls on firmer forint

Hungarian banks retail lending stock fell in September as the stronger forint reduced the value of foreign currency-denominated loans, a...

KSH: Retail sales up 2.5 % in August

Retail sales in Hungary rose 2.5% in August year-on-year, according to calendar-adjusted figures, the Central Statistics Office (KSH) revealed today....

KSH: Employment up to 68%

In July-September 2014, the number of employed people in Hungary aged 15-64 rose to 62.8%, the Central Statistics Office (KSH)...

KSH: Jobless rate falls to 7.4%

Hungary's unemployment rate between July and September 2014 was 7.4%, a decrease of 2.4% compared to the same period last...

OTP Bank passes ECB stress test

OTP Bank, the only Hungarian participant in the European Central Bank's stress test, does not need to modify its Common...

Lawmakers to discuss tax proposals on Tuesday

Parliament will meet early next week and on Tuesday, lawmakers will begin a debate on amendments to the tax legislation...

GKI-Erste: Business, consumer confidence improve

GKI-Erste's combined gauge of consumer and business confidence increased 1.2 points in October from minus 2.3 points in September as...

Szijjártó meets U.S. managers in Washington

Enjoying a day away from the heat of the U.S.-Hungary fracas about corruption, Hungarian Minister for Foreign Trade and Foreign...