Initiatives

Initiatives

HUF 1.5 billion expansion for Tokaj winemaker

State-owned winemaker Tokaj Kereskedőház laid the cornerstone of a HUF 1.5 billion expansion at its base in Tolcsva yesterday. The...

Initiatives

President intros László Windisch as MNB deputy

President János Áder formally appointed László Windisch the new deputy governor of the National Bank of Hungary (MNB) at a...

Initiatives

VAT cut for meat in central budget draft

Hungary’s government is assuming a lower VAT rate for meat when drafting the 2014 budget, National Economy Ministry Mihály Varga...

Initiatives

Fiscal Council: 2.9% deficit target possible

Hungary’s Fiscal Council said in an opinion yesterday that next year’s general government deficit target of 2.9% of GDP was...

Initiatives

Amendments to ’13 budget in parliament today

Amendments to the 2013 budget of the central government will be voted on today, with the constitutional majority held by...

Initiatives

MBSz Chairman: FX-loan relief plan will harm forint

As the week rolls on, Hungary’s politicos and banking interests get back to work on addressing forex-based loan issues....

Initiatives

Hungary, Taiwan in sports cooperation deal

With an agreement signed yesterday in Budapest, Taiwan and Hungary will be entering into student exchange programs and joint research...

Initiatives

Takarékbank chairman: Nationalization a “fantasy”

The state will say the savings cooperative business only until the system has undergone the necessary renewal and re-capitalization, Tamás...

Initiatives

Varga: A “good starting point” to forex-loan negotiation

Negotiations between the National Economy Ministry and the Hungarian Banking Association (MBSz) over the incipient forex-based loan crisis may be...

Initiatives

Bank wars: OTSz vs. charter; Fidesz vs. forex loaners

On the day before National Association of Saving Cooperatives (OTSz) member institutions vote on whether to accept a restructuring of...

Initiatives

Bank wars: OTSz vs. charter; Fidesz vs. forex loaners

On the day before National Association of Saving Cooperatives (OTSz) member institutions vote on whether to accept a restructuring of...

Initiatives

BBJ’s stories of the week, August 3-9

It’s Friday, another ending of a news cycle – and so, before BBJ logs out seeks out some shade and/or...

Initiatives

ECB: Thumbs up for PSzÁF-MNB merger

The European Central Bank said it welcomed the integration of Hungarian financial market regulator PSzÁF into the National Bank of...

Initiatives

Willing to give more? Not yet

EBRD board member András Kármán sees the low revenue-generating ability of Hungarian banks as their mayor shortcoming in comparison to...

Initiatives

Demján to Orbán: Savings cooperative law must change

National Association of Savings Cooperatives (OTSz) Chairman Sándor Demján told Prime Minister Viktor Orbán in a letter on Monday that...

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...