Initiatives

Initiatives

Bill would establish full joint liability for savings coops, extend scope of MNB oversight

A bill submitted to Parliament by National Economy Minister Mihály Varga yesterday would establish full joint liability for Hungaryʼs integrated...

Initiatives

GVH approves property market transaction

Hungaryʼs competition office GVH has approved the acquisition of direct sole control by investment fund Magyar Posta Takarék Ingatlan Befektetési...

Initiatives

Report: Bank loans to Hungarian companies at an eight-year low

Due to the shrinking economy, bank loans to Hungarian companies fell to an eight-year low in the first quarter, Bloomberg...

Initiatives

Hungary plans incentives for SMEs to enter bourse

The Hungarian government is considering offering incentives to SMEs for entering and listing shares on the Budapest Stock Exchange, state...

Initiatives

Report: Orbán calls for crisis committee over slowing economy

Hungary’s Prime Minister Viktor Orbán called for a crisis committee due to the weak start of the Hungarian economy in...

Initiatives

Bloomberg reports on spending by MNB foundations

The “web of patronage” revealed when spending by central bank foundations was made public in April has shocked Hungarians, according...

Initiatives

Hungarian Eximbank disburses $66.5 mln in tied aid to Laos, Indonesia

The Hungarian Eximbank is disbursing $66.5 million in tied aid to Laos and Indonesia, the lender said on Saturday, according...

Initiatives

Bill would grant MFB exclusive rigths

State-owned Hungarian Development Bank (MFB) would be granted exclusive rights to provide certain services to state-owned companies under a bill...

Initiatives

Lázár: State to keep remaining farmland nationalized by communists

The Hungarian state will take ownership of farmland that was set aside to compensate people who lost property to the...

Initiatives

Government aims to support bus manufacturing through transport strategy

Hungaryʼs bus manufacturing capacity could facilitate the interests of the countryʼs industrial sector if changes occur in public transportation and...

Initiatives

Hungary to draw up national bus production strategy

The Hungarian government decided to draw up and implement a national strategy for bus production, government spokesman Zoltán Kovács said...

Initiatives

Sziget Festival expects record turnout

With nearly 90% of all Sziget passes pre-sold, organizers of the Budapest festival expect a record breaking turnout this year...

Initiatives

Spending revelations spur calls for central bank chiefʼs ouster

Opposition politicians yesterday demanded the resignation of National Bank of Hungary (MNB) Governor György Matolcsy, amid continued revelations of apparently...

Initiatives

OECD sees return of ‘strong economic growth’ in Hungary

Hungary has seen the return of “strong economic growth” and GDP is expected to reach 2.5% in 2016 and 3%...

Initiatives

Central bank governor proposes audit of foundations

György Matolcsy (pictured), the governor of the National Bank of Hungary (MNB), yesterday proposed the involvement of the State Audit...

Environment, Business, Initiatives

BCSDH Breakfast Links Sustainability Award to Promoting Scalable Business Change

The Business Council for Sustainable Development in Hungary used its Sustainable Future Inspiration Breakfast on May 6 to shift the...

Initiatives

Gov’t Calls Tender to Support Creation of Wetland Habitats

The gov't is calling a HUF 12.8 billion tender to support the development of natural wetland habitats, contributing to long-term...

Initiatives

E.ON Hungária Announces New Edition of ‘Champions of the Earth’ Competition

The E.ON Hungária Group is once again inviting schools and kindergartens to submit sustainability-focused projects for its "Champions of the...

Initiatives

Áder Slams COP as Ineffective, Proposes G20 as Basis for Future Climate Policy Discussions

Using words such as “circus” and “hypocrisy,” Hungary’s former President János Áder lambasted the annual United Nations Climate Conferences (COPs),...

Initiatives

Áder: Hungarian Researchers Propose ‘Sustainability Turnaround’

Hungarian researchers have worked out a methodology for replacing GDP with a "sustainability turnaround" indicator showing the negative effects of...

Initiatives

European Greentech Firms Eye Japanese Market Through Eco Campaign

Hungarian consultancy firm Sudy & Co. has launched a new campaign aimed at helping European greentech companies break into the...

Initiatives

Hungary Posts Impact Study of Nat’l Energy and Climate Plan

The Energy Affairs Ministry has issued an impact study of Hungary's National Energy and Climate Plan for public debate....

Initiatives

Meijer&Co Organizing 24-hr Walk in Városliget, Raising Funds to Regreen the Planet 

What began as an unconventional idea in 2021, with four friends attempting to walk non-stop for 24 hours in Amsterdam...

Initiatives

Afforestation Program Planting 56,000 Trees by Year-end

By the end of the year, the number of trees planted in the Settlement Afforestation Program will reach 56,000, said...

Initiatives

EC Acknowledges Pécs for Steps to Achieve Climate Neutrality

The European Commission acknowledged Pécs for its plans to achieve climate neutrality with the award of the EU Mission Label...

Initiatives

Hungary Establishes Nat’l ESG Council

The National Economy Ministry on Wednesday announced the establishment of the National ESG Council which will play an important role...

Initiatives

Bábolna Establishing Hungary’s 1st Energy Community

Hungary's first energy community, capable of operation and officially registered, is being set up in the town of Bábolna (90...

Initiatives

GVH Recommends Anti-Greenwashing Measures

Hungary's Competition Office (GVH) has recommended lawmakers establish a uniform system for gauging the environmental impact of products to help...

Initiatives

Hungary Restarting ‘Golden Visa’ Program

Hungary will offer a residency permit for those who purchase expensive property in the European Union nation six years after...

Budapest Proposes Tiered Water‑fee System to Cut Waste

Budapest is calling for a reform of Hungary’s water-pricing system, proposing free basic household consumption and progressively higher rates for...

BCSDH Breakfast Links Sustainability Award to Promoting Scalable Business Change

The Business Council for Sustainable Development in Hungary used its Sustainable Future Inspiration Breakfast on May 6 to shift the...

Gov’t Calls Tender to Support Creation of Wetland Habitats

The gov't is calling a HUF 12.8 billion tender to support the development of natural wetland habitats, contributing to long-term...

E.ON Hungária Announces New Edition of ‘Champions of the Earth’ Competition

The E.ON Hungária Group is once again inviting schools and kindergartens to submit sustainability-focused projects for its "Champions of the...

Áder Slams COP as Ineffective, Proposes G20 as Basis for Future Climate Policy Discussions

Using words such as “circus” and “hypocrisy,” Hungary’s former President János Áder lambasted the annual United Nations Climate Conferences (COPs),...

Áder: Hungarian Researchers Propose ‘Sustainability Turnaround’

Hungarian researchers have worked out a methodology for replacing GDP with a "sustainability turnaround" indicator showing the negative effects of...

European Greentech Firms Eye Japanese Market Through Eco Campaign

Hungarian consultancy firm Sudy & Co. has launched a new campaign aimed at helping European greentech companies break into the...

Hungary Posts Impact Study of Nat’l Energy and Climate Plan

The Energy Affairs Ministry has issued an impact study of Hungary's National Energy and Climate Plan for public debate....

Meijer&Co Organizing 24-hr Walk in Városliget, Raising Funds to Regreen the Planet 

What began as an unconventional idea in 2021, with four friends attempting to walk non-stop for 24 hours in Amsterdam...

Afforestation Program Planting 56,000 Trees by Year-end

By the end of the year, the number of trees planted in the Settlement Afforestation Program will reach 56,000, said...

EC Acknowledges Pécs for Steps to Achieve Climate Neutrality

The European Commission acknowledged Pécs for its plans to achieve climate neutrality with the award of the EU Mission Label...

Hungary Establishes Nat’l ESG Council

The National Economy Ministry on Wednesday announced the establishment of the National ESG Council which will play an important role...

Bábolna Establishing Hungary’s 1st Energy Community

Hungary's first energy community, capable of operation and officially registered, is being set up in the town of Bábolna (90...

GVH Recommends Anti-Greenwashing Measures

Hungary's Competition Office (GVH) has recommended lawmakers establish a uniform system for gauging the environmental impact of products to help...

Hungary Restarting ‘Golden Visa’ Program

Hungary will offer a residency permit for those who purchase expensive property in the European Union nation six years after...