Related articles

• Finance

  The rich get richer in Hungary

  

  Private banking is rapidly expanding as rich Hungarians are getting richer. It is estimated that 700 Hungarians have a wealth above EUR 10 million, business daily Világgazdaság reports.

   Mon, May 28, 2018, 10:52

  • bank
  • private banking
  • otp
  • rich
  • blochamps
• Analysis

  GKI raised GDP growth forecast by 0.2%

  

  As GDP, earnings and consumption grew faster than previously expected, GKI economic research institute has raised its 2018 GDP growth forecast from 3.8% to 4%. The consumption of households will increase by 4-4.5% this year, GKI says.

   Mon, May 28, 2018, 07:47

  • gki
  • gdp
  • deficit
  • consumption
  • inflation
• Whatson

  Budapestʼs Sziget Festival presents final lineup

  

  Sziget announced its final additions to the lineup for this yearʼs festival, including the British multi-instrumentalist and electronic artist Bonobo, EDM producer and DJ Flux Pavilion, and Dutch duo Yellow Claw.

   Fri, May 25, 2018, 20:18

  • sziget
  • festival
  • music
  • island of freedom
  • budapest
  • Szitizens
• Energy/environment

  Hungary strikes deal with Gazprom on gas deliveries

  

  Hungary has reached an agreement with Russiaʼs Gazprom on the volume and price of next yearʼs gas deliveries, Minister of Foreign Affairs and Trade Péter Szijjártó announced today, after participating at the St. Petersburg International Economic Forum.

   Fri, May 25, 2018, 17:10

  • gazprom
  • gas
• Politics

  Govt to continue payroll tax cuts in 2019

  

  Hungaryʼs new government will continue to reduce the payroll tax and increase tax preferences for families with two children, Prime Minister Viktor Orbán said in his weekly interview on public radio on Friday, commenting on key elements of next yearʼs budget.

   Fri, May 25, 2018, 12:31

  • tax
  • orbán
• Business

  Hungary ready to join the global blockchain market

  

  Europe is starting to take blockchain-based solutions seriously, and Hungarian players seem ready to be part of the game. The largest international blockchain summit in the CEE region, Blockchaineum 2.0, gathered major stakeholders in Budapest to discuss the hottest issues on the global agenda.

   Fri, May 25, 2018, 12:05

  • blockchain
• Real Estate

  Prologis receives logistics real estate award

  

  Prologis has been named the strongest European real estate developer brand for 2018 in the “Logistics” category at the Real Estate Brand Awards. 

   Fri, May 25, 2018, 11:49

  • prologis
  • award
• Business

  K&H Bank Q1 profit climbs 30%

  

  First-quarter after-tax profit of K&H Bank, the Hungarian unit of Belgiumʼs KBC, rose 30% year-on-year to HUF 12.9 billion. Profits were lifted by higher business volume, increased client numbers and a continued decline in lending costs.

   Fri, May 25, 2018, 10:58

  • K&H
  • profit
• Real Estate

  Resale home market slowing in Budapest

  

  The real estate market outside Budapest continues to grow. This year homes put up for sale increased by 5% in major cities, while in Budapest owners are advertising 8% fewer. This indicates that potential buyers prefer new homes, index.hu portal says.

   Fri, May 25, 2018, 10:00

  • resale home
  • new home
• News

  Hungary up to 47th in IMD World Competitiveness Ranking

  

  Hungary has moved up five spots to 47th place in this yearʼs IMD World Competitiveness Ranking. Hungaryʼs competitiveness was boosted in part by a reduction in corporate taxes and growth in overall productivity, IMD said.   

   Fri, May 25, 2018, 09:00

  • competitiveness
  • imd
  • world
  • ranking