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• 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
• 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

  Government deficit reaches 109.6% of full-year target

  

  The government deficit, which had already surpassed the full-year target in June, has increased by a further 5%. The cash flow-based general government, excluding local councils, stood at HUF 1.491 trillion deficit at the end of July, the Ministry of Finance said today.

   Tue, Aug. 7, 2018, 13:47

  • deficit
  • budget
  • government
  • Hungary
  • finance ministry
• Whosnews

  New leadership team at Telenor Hungary

  

  Telenor Hungary has announced its new CEO, Financial Officer, Chief Marketing Officer and Chief Corporate Affairs Officer. The mandate of the new leadership team started after Telenor Group  recently completed the sale of its Central and Eastern European Assets to PPF Group.

   Tue, Aug. 7, 2018, 07:03

  • telenor
  • new leadership
  • ppf group
  • telecoms
  • Hungary
• Business

  Hungaryʼs OTP to acquire units of Société Générale

  

  OTP Bank yesterday said it had agreed to buy a 99.74% stake in the Bulgarian unit and an 88.89% shareholding in the Albanian unit of Franceʼs Société Générale Group.

   Fri, Aug. 3, 2018, 09:28

  • otp
  • societe generale
  • bulgaria
  • albania
  • Hungary