Frontex, the European Border and Coast Guard Agency, an agency of the European Union headquartered in Warsaw, Poland, reports a drop in the total number of irregular border crossings, with the route through Hungary continuing to see low numbers of migrants.
While Budapestʼs Central European University (CEU) has been waiting for months for the government to sign and ratify the agreement allowing it to continue its activity in the wake of controversial changes to Hungaryʼs law on higher education, another American university will reportedly be able to launch its education program in Budapest from next September.
Foreign direct investment figures have been rising quickly in Hungary for the past few years, much of which is down to the work of the Hungarian Investment Promotion Agency. While the United States does its fair share in contributing to the country’s well-being in terms of FDI, there is still room for improvement. The Budapest Business Journal talked to AmCham CEO Írisz-Lippai Nagy about U.S. investments.
The EUʼs Economic and Financial Affairs Council (ECOFIN) recommends that nominal growth in net primary government expenditure in Hungary should not exceed 3.9%, corresponding to an annual structural adjustment of 0.75% of GDP in 2019, in its country-specific recommendations formally adopted on July 13.
Strategic communications consultancy Portland has released its annual Soft Power 30 Index. In the fourth edition of the report, Hungary climbed three places, becoming the biggest mover on this year’s list. There are shortcomings, however.