Maxim LeFleur

Deals

PannErgy puts corporate changes on agenda of next meeting

Geothermal energy company PannErgy will request shareholders to vote on withdrawing treasury shares and removing a member of the board...

History

New accounting authority delayed to 2017

A new supervising authority for accountants, auditors and tax consultants will come into effect from the beginning of next year,...

Sights

Hungary increases EU funding pre-finance limit to 100%

The Hungarian government raised the pre-financing limit for European Union funding from 50% to 100%, according to a report published...

Food

Majority of Hungarians planning summer vacations

As many as two-thirds of Hungarians surveyed said they will take a summer vacation this year, up from 48% a...

Initiatives

Clients of failed brokerages to receive additional HUF 1.4 bln

The clients of failed Hungarian brokerages, including Quaestor, may receive an additional HUF 1.4 billion in compensation for financial losses,...

Telco

Mondi to invest HUF 13 bln at base in Hungary

British paper and packaging company Mondi will invest HUF 13 billion at its facility in Békéscsaba and create 220 new...

History

Hungary: Truck tracking system to be used for rail freight

The Hungarian government is in the preliminary stages of creating an electronic tracking system, currently in place for truck deliveries,...

Deals

Hungary, Taiwan trade deal: Goose for orchids

Hungary and Taiwan agreed to stimulate their trade of agricultural products, the Taiwanese Agriculture and Food Agency (AFA) announced on...

EU

Hungary to resume live cattle exports to Turkey

Hungary can again export live cattle to Turkey, after concluding talks with animal health authorities at the World’s Veterinary Association,...

EU

Abortions in Hungary drop 22.9% in five years

The number of abortions fell in Hungary by 22.9% over the last five years, from 2010 to 2015, according to...

Automotive

KSH: Hungary’s industrial output up 5.3% in April

A 5.3% increase in Hungarian industrial production in April was confirmed today in a second estimate released by the Hungarian...

Tourism

UNHCR airs concerns about Hungaryʼs refugee treatment once again

The United Nations High Commissioner for Refugees (UNHCR) expressed significant concerns regarding the treatment of refugees at the Serbian-Hungarian border...

Int'l Relations

Hungary, China sign agreements on trade

Hungarian food exports to China are expected to increase after Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó today...

Crops

Hungarian watermelon harvest expected to grow

Watermelon production in Hungary is expected to top 240,000 tons this year, increasing from last year’s 200,000-to-205,000 tons, according to...

Issues

One Hungarian found guilty in Bunge corruption scandal

A Hungarian man was found guilty as an accessory to corruption and was handed a two-year suspended prison sentence yesterday,...

Telco

Funding proposal for M3 renovation to be submitted in autumn

A proposal regarding the funding of the Budapest M3 metro renovation will be submitted to the government in late September...

Social

Almost 300,000 visited Hungexpo in first five months of 2016

Nearly 300,000 visited Hungexpo from January to May of this year, a 10% increase from the same period a year...

Int'l Relations

Hungary, Azerbaijan MPs pledge to develop stronger relations between the countries

Hungary attaches great importance to developing relations with Azerbaijan, MP and Head of the Hungarian-Azerbaijani Inter-parliamentary Friendship Group Márton Gyöngyösi...

Automotive

Test production started in Croatia gas fields by MOL unit

The start of test production at two gas fields in Croatia was announced today by INA, the local unit of...

Crops

Refugees at Serbia border begin hunger strike

Around 150 refugees began a hunger strike yesterday in a field at the Hungary-Serbia border, requesting entry into the European...

MNB

Pannon Fuel to construct 39 new CNG stations in Hungary

Pannon Fuel is anticipated to begin the construction of 39 compressed natural gas (CNG) stations in Hungary in fall, the...

Recycling

LNG terminal to be built at Csepel port

A liquefied natural gas terminal (LNG) will be added to the port of Csepel on the Danube in the south...

Sights

Chamber fees unpaid by many local firms

Around 504,000 Hungarian companies have paid their annual business chamber fees so far this year, significantly less than the total...

Sustainability

Report sees CEE continuing to outperform

GDP growth of 3.1% in Central and Eastern Europe (CEE) in 2015 was nearly double the 1.6% growth seen in...

Visits

Orbán bashes Europe’s political elite

Calling for fundamental change and identifying "elites" as the problem, Hungarian Prime Minister Viktor Orbán spoke about the immigration crisis,...

MNB

Survey: More Japanese companies in Hungary

An annual survey by the Japan External Trade Organization (JETRO) revealed a slight increase in the amount of Japanese-owned companies...

Deals

Local opposition kills plan for Homatech Recycling plant

Plans to build a tire recycling plant in Kaposvár were canceled by Homatech Recycling due to support for a local...

Telco

Hungarian vehicle fuel sales up 6.1% in H1

Sales of vehicle fuels in Hungary reached more than 1.59 billion liters in the first half of 2016, an increase...

Tourism

Hungarian registered job seeker numbers down in June

A total of 291,600 registered job seekers were looking for employment in Hungary at the end of June, a decrease...

Industrial

Office vacancies in Budapest rise to 9.7% in Q2

The rate of office space vacancy in the Budapest market increased by 1.1 percentage points to 9.7% in Q2 of...

Funding proposal for M3 renovation to be submitted in autumn

A proposal regarding the funding of the Budapest M3 metro renovation will be submitted to the government in late September...

Almost 300,000 visited Hungexpo in first five months of 2016

Nearly 300,000 visited Hungexpo from January to May of this year, a 10% increase from the same period a year...

Hungary, Azerbaijan MPs pledge to develop stronger relations between the countries

Hungary attaches great importance to developing relations with Azerbaijan, MP and Head of the Hungarian-Azerbaijani Inter-parliamentary Friendship Group Márton Gyöngyösi...

Test production started in Croatia gas fields by MOL unit

The start of test production at two gas fields in Croatia was announced today by INA, the local unit of...

Refugees at Serbia border begin hunger strike

Around 150 refugees began a hunger strike yesterday in a field at the Hungary-Serbia border, requesting entry into the European...

Pannon Fuel to construct 39 new CNG stations in Hungary

Pannon Fuel is anticipated to begin the construction of 39 compressed natural gas (CNG) stations in Hungary in fall, the...

LNG terminal to be built at Csepel port

A liquefied natural gas terminal (LNG) will be added to the port of Csepel on the Danube in the south...

Chamber fees unpaid by many local firms

Around 504,000 Hungarian companies have paid their annual business chamber fees so far this year, significantly less than the total...

Report sees CEE continuing to outperform

GDP growth of 3.1% in Central and Eastern Europe (CEE) in 2015 was nearly double the 1.6% growth seen in...

Orbán bashes Europe’s political elite

Calling for fundamental change and identifying "elites" as the problem, Hungarian Prime Minister Viktor Orbán spoke about the immigration crisis,...

Survey: More Japanese companies in Hungary

An annual survey by the Japan External Trade Organization (JETRO) revealed a slight increase in the amount of Japanese-owned companies...

Local opposition kills plan for Homatech Recycling plant

Plans to build a tire recycling plant in Kaposvár were canceled by Homatech Recycling due to support for a local...

Hungarian vehicle fuel sales up 6.1% in H1

Sales of vehicle fuels in Hungary reached more than 1.59 billion liters in the first half of 2016, an increase...

Hungarian registered job seeker numbers down in June

A total of 291,600 registered job seekers were looking for employment in Hungary at the end of June, a decrease...

Office vacancies in Budapest rise to 9.7% in Q2

The rate of office space vacancy in the Budapest market increased by 1.1 percentage points to 9.7% in Q2 of...