Initiatives

Initiatives

Hungary’s Gyurcsány pledges to press on with economic overhaul

Hungarian Prime Minister Ferenc Gyurcsány, working to trim the European Union's widest budget deficit, pledged to press on with his...

Initiatives

Rutgers University to acquire Salgo Hungarian art collection

The Salgo Collection, considered the most-significant collection of Hungarian art outside Central Europe, will be acquired by Rutgers University....

Initiatives

Teachers’ warning strike affects 15,000 employees

More than 15,000 employees in 500 educational institutions at 300 towns and villages throughout Hungary have been affected by teachers'...

Initiatives

Hungary selected three bidders for next round of airline sale

Hungary picked three bidders for negotiations to sell state airline Malév Zrt in the government's seventh attempt to find a...

Initiatives

State aid to companies in Hungary second highest in EU

Hungary spends more on state aid to companies as a percentage of GDP than any other state in the EU...

Initiatives

Megatrend to close 2006 with revenue of Ft 1.5 bln

Megatrend IT Zrt, one of the leaders on Hungary's market for enterprise management systems, expects to close 2006 with pre-tax...

Initiatives

Slovak deputies back bill on squeeze-out of minority owners

The Slovak parliament backed a bill allowing majority owners of traded companies to enforce a buy out of minority shareholders....

Initiatives

MFB reshuffles organization structure

State-owned development bank MFB Zrt has set up a unit called Business Subsidy Coordination Zrt to manage the allocation of...

Initiatives

DefMin to partially privatize companies

In December the Defense Ministry will call individual privatization tenders for the partial sale of the companies it owns, Defense...

Initiatives

Gov’t to help unimpeded access to public buildings with Ft 100 bln

The Hungarian government will spend Ft 100 billion (€392 million) on providing access aids to public buildings for the disabled...

Initiatives

OTP mortgage arm sells €0.83 mln bonds under new mortgage bond program

OTP Mortgage Bank (OJB) announced Friday afternoon it sold €0.83 million of its OJB2007/VIII series mortage bonds in a public...

Initiatives

Deficit targets unchanged, revenues, expenditure reduced in convergence-plan update

The fiscal-deficit targets for the years ahead remained unchanged in a year-end update of Hungary's revised convergence plan, while both...

Initiatives

Bawag faces EU probe into Austrian loan guarantees

European Union regulators said they'll investigate whether Austrian aid to Bawag PSK Bank broke EU rules, possibly delaying plans to...

Initiatives

Gov’t ups micro-regions subsidy, launches operative programs

The Hungarian government will raise subsidies for micro-regional associations and launch regional operative programs from next year, Minister for Local...

Initiatives

Bush may offer North Korea’s Kim an end to Korean war

US President George W. Bush may offer North Korean leader Kim Jong Il an official end to the Korean War...

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...