Related articles

• Analysis

  Scope: Hungary’s economic strength offsets danger of EU isolation

  

  Despite the growing risks of Hungaryʼs political isolation from European allies due to the politics of the present Orbán government, the Hungarian economy is shielded by “robust growth” and “well-managed public finances,” says German rating agency Scope Ratings.

   Tue, Sept. 18, 2018, 12:18

  • Scope Ratings
  • economy
  • EU
  • isolation
  • political
  • Article 7
  • European Parliament
• Politics

  Russian elite got residency via bond program, report claims

  

  A joint investigation by Hungarian news sites 444.hu and Direkt36.hu, together with Russian newspaper Novaya Gazeta, has found that under the Hungarian government’s residency bond program, Russian politicians and heads of state-owned companies acquired Hungarian documents that entitle them to reside in Hungary and the European Union.

   Tue, Sept. 11, 2018, 13:03

  • Russia
  • Hungary
  • residency
  • bond
  • scandal
  • Fidesz
  • mafia
  • national security
  • intelligence
  • SVR RF
• Business

  Cornstein: ‘Hungary the Best Kept Secret’

  

  “Good as you have been, you can do a hell of a lot better.” These were the uncomplicated if challenging words U.S. Ambassador David B. Cornstein left with guests as the public part of an AmCham business forum closed on September 4.

   Fri, Sept. 7, 2018

  • Hungary
  • America
  • ambassador
  • Cornstein
  • Szabó
  • AmCham
• Real Estate

  Strong Investment Predicted for H2

  

  JLL forecasts that CEE regional investment volume will reach or exceed EUR 12 million, in line with 2016 and 2017 levels. In Hungary several assets of above EUR 100 mln are in due diligence or under marketing with closing expected in the second half.

   Fri, Sept. 7, 2018

  • investment
  • real estate
  • JLL
  • Hungary
  • Poland
  • Czech
  • Romania
  • office
  • retail
• Analysis

  Scope analyzes reasons behind Hungaryʼs economic outlook

  

  German-based ratings agency Scope Ratings finds Hungaryʼs financial stability high, its debt structure improving, exposure to foreign-currency movements weak, and legal conflict with EU institutions troubling in a recently completed case study investigating CEE economies.

   Thu, Sept. 6, 2018, 10:57

  • Scope Ratings
  • Hungary
  • Economy
  • Analysis
• Business

  Hungary 7th in IBMʼs Global Location Trends report

  

  Hungary has achieved 7th place in IBM’s Global Location Trends report based on the number of jobs created in a country by foreign direct investment (FDI) relative to the size of the country’s population, Tamás Menczer, deputy state secretary at the Ministry of Foreign Affairs and Trade, said at a press briefing Tuesday.

   Wed, Sept. 5, 2018, 16:11

  • Hungary
  • IBM
  • report
  • investment
  • FDI
• Business

  MVM terminates KPMG contract

  

  MVM Hungarian Electricity Zrt. terminated its contact with KPMG on May 30, just one day prior to the submission of the auditor’s report, according to a lengthy post on business news blog G7.hu last week. 

   Wed, Sept. 5, 2018, 08:00

  • MVM
  • KPMG
  • contract
  • auditing
• Energy/environment

  Hungary could start buying Croatian gas by end of 2019

  

  The establishment of an interconnector with reverse-flow capability could allow Hungary to buy gas from Croatia by the end of 2019, according to Minister of Foreign Affairs and Trade Péter Szijjártó.

   Mon, Sept. 3, 2018, 12:42

  • Hungary
  • Croatia
  • gas
  • import
  • energy
  • Russia
  • Szijjarto
• Economy

  Fitch maintains Hungary ’BBB-’ rating

  

  Fitch Ratings affirmed Hungary’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at "BBB-", just over the investment grade threshold, in a scheduled review on Friday.

   Mon, Sept. 3, 2018, 09:05

  • Fitch
  • Ratings
  • Hungary
  • Debt
  • Economy
  • Investment
• Economy

  State Audit Office assesses first-half fiscal trends

  

  Hungaryʼs State Audit Office (ÁSZ) acknowledged favorable macroeconomic trends in a first-half fiscal assessment released on Tuesday, but said risks are presented by pre-financing for European Union-funded projects as well as overspending by budget-funded institutions, national news agency MTI reported.

   Tue, Aug. 28, 2018, 16:19

  • state audit office
  • asz
  • fiscal
  • trend
  • budget