Increasing the contribution of tourism to 16% of Hungaryʼs GDP by 2030, developing tourism in the countryside, a speech by Prime Minister Viktor Orbán, and the unveiling of a new national brand "WOW Hungary" were all on the agenda at the Tourism Summit 2018, attended by the Budapest Business Journal.
Az expected, Parliament voted on Tuesday to phase out state subsidies on deposits at home savings banks. The motion was passed in an expedited procedure with 125 votes for, 49 against, and no abstentions, state news agency MTI reported.
The National Bank of Hungary kept the base rate at 0.9% at its latest rate setting meeting. But more importantly, it revealed moves to simplify and fine-tune its set of policy instruments. Analysts say that it might signal the start of a tightening cycle in the longer run. In the short-term, however, the central bank is expected to stick to its dovish stance.
The European Court of Human Rights (ECHR) on Tuesday ruled that the state of Hungary had "monopolized" the school textbook distribution market, violating companiesʼ property rights, Hungarian news agency MTI reported.
New research by Skanska, CBRE, Dentons, and PwC investigates the state of the CEE investment market, revealing that growth in the region was double the EU average in H1 2018, according to a press release sent to the Budapest Business Journal.