Posted in Hungary Today

Brain Bar 2018: Engaging Speakers, Cramped Auditoriums, Crazy Expensive Tickets, and… Robots! 

This past weekend, Brain Bar, ‘Europe’s biggest festival for futurism’ was organised for the fourth time in Budapest, this time at a new venue, the…

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Posted in Daily News Hungary

Wizz Air fleet reaches new milestone, celebrates 100th aircraft

Hungarian low-fare airline Wizz Air added the hundredth aircraft to its fleet in Budapest on Monday. Wizz Air celebrated the event with the unveiling of…

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Posted in www.kormany.hu - News

Viktor Orbán receives EU’s chief Brexit negotiator

Prime Minister Viktor Orbán and the European Commission’s Chief Negotiator on Brexit Michel Barnier met for talks in the Hungarian Parliament Building on Monday afternoon;…

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Posted in www.kormany.hu - News

Africa is the beneficiary of the UN migration package

“In its current form, the Global Compact for Migration is an African migration package, the beneficiary of which is Africa, and as a result of…

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Posted in Hungary Today

Rákóczi Association: 6,500 Students Traveling Around Carpathian Basin on National Day of Unity

On the National Day of Unity on the 4th of June, about 6500 students from 150 secondary schools in the Carpathian Basin can travel with…

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Posted in Daily News Hungary

Swimming, success – LEN annual congress held in Budapest

According to Nemzetisport.hu, the annual congress of LEN (Ligue Européenne de Natation) was held in Budapest this year. More precisely, the meeting took place in Duna…

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Posted in Daily News Hungary

Hungary marks 2018 National Cohesion Day

We can only be rid of Trianon’s burden if we believe in Hungary’s future, Finance Minister Mihály Varga said at a commemoration marking National Cohesion…

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Posted in Hungary Today

Hungary Commemorates National Day of Cohesion on the Anniversary of the Treaty of Trianon

This Monday, Hungary commemorates National Cohesion Day, an annual event created 8 years ago to mark the anniversary of the Treaty of Trianon. The Hungarian…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's Állami Biztosító remains perpetual money factory

In 1986, Hungary’s Állami Biztosító was halved. The home and life insurance portfolios are at Állami Biztosító known today as Aegon, while the vehicle and…

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Posted in Daily News Hungary

NGOs hold solidarity demonstration against ‘Stop Soros’ bill

Civil groups held a solidarity demonstration to protest against the government’s “Stop Soros” bill in front of Parliament on Monday, with speakers saying that rights…

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Posted in Latest news - BBJ on the web

Máv Symphony Orchestra gives free concerts

Marking the last month of its 2017/18 season, the Máv Symphony orchestra gave free concerts at several Budapest locations from 3 p.m. on Saturday (June…

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Posted in Hungary Today

Hungarian Wins European Innovator of the Year Award

The Hungarian inventor Krisztián Imre has been presented the European Innovator of the Year Award, K+H Bank, which supports his startup, told MTI. Imre won…

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Posted in Daily News Hungary

The reality for women entrepreneurs in Hungary: barely any female leaders in SME

Uzletresz.hu reports that on an average 31% of the companies in Hungary have women leaders or have women with authority to sign in the name…

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Posted in Latest news - BBJ on the web

Coloplast Completes Third Phase of Factory in Nyírbátor

The newly built production hall of Danish-owned medical products company Coloplast was inaugurated in Nyírbátor (265 km east of Budapest) on May 25, marking the…

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Posted in Hungary Today

Szijjártó: Hungary Considers Israel Strategic Partner

Hungary continues to view Israel as a strategic partner, Foreign Minister Péter Szijjártó said at talks with World Jewish Congress Executive Vice-President and CEO Robert…

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Posted in Latest news - BBJ on the web

ÁKK sells HUF 50 bln of six-week bills at auction

The Government Debt Management Agency (ÁKK) sold HUF 50.0 billion of discount six-week “liquidity” T-bills at auction on Monday, in line with the original offer….

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Posted in Daily News Hungary

Head of PM’s Office: Hungary must be protected from illegal migration

Hungary must be protected from illegal migration, the head of the Prime Minister’s Office told public radio on Sunday, noting the government’s related proposals to…

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Posted in Hungary Today

Fidesz Hits Back at Coe Commissioner’s Call to Scrap ‘Stop Soros’ Bill

Ruling Fidesz has hit back at Council of Europe Commissioner for Human Rights Dunja Mijatovic’s call for the Hungarian government to withdraw its “Stop Soros”…

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Posted in www.kormany.hu - News

Gratitude for manifold support provided for Jewish communities

On Friday in the Parliament Building Deputy Prime Minister Zsolt Semjén and Minister of State for Church Relations at the Prime Minister’s Office Miklós Soltész…

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Posted in www.kormany.hu - News

2015 migration wave may reoccur at any time

The 2015 migration wave may reoccur at any time. The EU has not revised its migration policy since, and it is therefore up to the…

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Posted in www.kormany.hu - News

Hungary must be protected from illegal migration

Hungary must be protected from illegal migration; this is why we need the amendment of the Constitution and the “Stop Soros” legislative package, Gergely Gulyás,…

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Posted in www.kormany.hu - News

Struggle on a European scale between values and cultures

The next elections in the European Parliament to be held in 2019 will be a struggle between values and cultures, and we stand to lose…

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Posted in www.kormany.hu - News

Hungary supports Ecuadorian Foreign Minister as next President of UN General Assembly

“Hungary is supporting the Ecuadorian Foreign Minister for the post of President of the United Nations General Assembly”, Minister of Foreign Affairs and Trade Péter…

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Posted in Hungary Today

Gulyás Defends Stance on Migration

Hungary must be protected from illegal migration, the head of the Prime Minister’s Office told public radio, noting the government’s related proposals to change the…

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Posted in Daily News Hungary

HungaryTrends – The week in business and finance

Top business and finance stories from the last week: ERICSSON INAUGURATES EUR 56M BUDAPEST HEADQUARTERS Swedish networking and telecommunications company Ericsson inaugurated a 56 million…

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Posted in Latest news - BBJ on the web

Balatonfüred seminar on emerging political trends

The Tihany Center for Political Analysis has announced a seminar for students entitled “Political parties, tendencies and challenges in Europe in the 21st century” from…

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Posted in Daily News Hungary

Orbán: Struggle between values, cultures taking place in Europe

The upcoming European parliamentary election will be about a struggle for values and cultures and a lot is at stake, Prime Minister Viktor Orbán said…

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Posted in Latest news - BBJ on the web

External trade surplus shrunk in March

In March 2018, the export volume decreased by 3.2% and import volume by 0.5% year on year. The surplus was EUR 567 million, EUR 255…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's largest solar plant to be taken over by the state – portal

The Hungarian state may soon acquire the 16-megawatt solar plant near the Mátra Power Plant. Pre-transaction due diligence has already been concluded, local news portal…

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Posted in Latest news - BBJ on the web

European commissioner calls for dropping the Stop Soros draft

The Hungarian Parliament will discuss on Tuesday the bill dubbed “Stop Soros”. The aim of the law is to defend the national sovereignty and prohibit…

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Posted in PORTFOLIO.HU - Online Financial Journal

How much consumer prices rose in Hungary in May? We'll see it this week.

Important macro data are in the pipeline this week. Hungary’s Central Statistical Office (KSH), for instance, is to publish not only inflation statistics for May,…

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Posted in Daily News Hungary

8 interesting facts about Trianon, a Hungarian national tragedy

It is that time of the year again when Hungarians mourn the great loss that the Treaty of Trianon. June 4 is the 98th anniversary…

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Posted in Daily News Hungary

Parliament to discuss ‘Stop Soros’, constitutional amendment

Hungary’s parliament will start a two-day session on Monday afternoon, with a draft amendment to the constitution and the government’s “Stop Soros” law package high…

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Posted in Daily News Hungary

Opposition parties demand higher wages for teachers

The opposition LMP and Párbeszéd parties on Sunday demanded big salary increases for teachers. LMP spokesman Máté Kanász-Nagy, speaking at a press conference marking national…

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Posted in www.kormany.hu - News

Minister of Human Capacities introduced his Ministers of State

Minister of Human Capacities Miklós Kásler introduced his new Ministers of State on Monday in Budapest. The Minister described the newly appointed Ministers of State…

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Posted in www.kormany.hu - News

The Hungarian Government is outraged by and rejects the UNHCR call

“The Hungarian Government is outraged by and rejects the UN Refugee Agency’s (UNHCR) call for Hungary to withdraw the legislative package which, in its opinion,…

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Posted in www.kormany.hu - News

Migration routes have changed

“The make-up of migrants and the migration routes they are choosing have both changed”, Chief Security Advisor to the Prime Minister György Bakondi highlighted on…

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Posted in www.kormany.hu - News

Hungary is committed to protecting European Judeo-Christian heritage

“Hungary is committed to protecting European Judeo-Christian heritage and is proud of the Jewish community living in Hungary”, Minister of Foreign Affairs and Trade Péter…

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Posted in www.kormany.hu - News

Hungary and the United States have confirmed their strategic alliance

“Hungary and the United States have confirmed their strategic alliance”, Minister of Foreign Affairs and Trade Péter Szijjártó told public media following his meeting with…

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Posted in www.kormany.hu - News

Central Europe is once again a natural ally of the United States

“The United States once again views Central Europe as a natural, strategic ally”, Minister of Foreign Affairs and Trade Péter Szijjártó said in a statement…

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Posted in www.kormany.hu - News

Intergovernmental working group on Ukrainian Education Act to convene in June

The intergovernmental working group on the Ukrainian Education Act proposed by Hungary to Ukraine will convene in the second half of June, Minister of Foreign…

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Posted in www.kormany.hu - News

No one should be allowed to decide on issues related to migration without Parliament’s consent

In the context of immigration, one of the important elements of the proposed amendment of the Fundamental Law submitted to Parliament is that no one…

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Posted in www.kormany.hu - News

Prime Minister Viktor Orbán had talks with President of European Parliament

Prime Minister Viktor Orbán received Antonio Tajani, President of the European Parliament, in the Parliament Building on Sunday morning, Bertalan Havasi, the Deputy State Secretary…

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Posted in www.kormany.hu - News

The Hungarian Government supports the EU’s free trade agreements

“The Hungarian Government supports the European Union’s intention to conclude as many and as ambitious free trade agreements as possible, but expects Hungarian sensitivities to…

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Posted in www.kormany.hu - News

Hungary continues to regard Israel as a strategic partner

“Hungary continues to regard Israel as a strategic partner”, Minister of Foreign Affairs and Trade Péter Szijjártó said during a meeting with Chief Executive Officer…

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Posted in www.kormany.hu - News

The security of the Hungarian people is the Government’s top priority

“Protecting the security of the Hungary people is the Government’s most important task in view of the fact it was given a mandate and responsibility…

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Posted in www.kormany.hu - News

Hungary disagrees with the budget proposals of the European Commission

Hungary understands that due to Brexit one of the largest contributors is leaving the EU and this causes the EU budget to shrink but we…

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Posted in www.kormany.hu - News

Government concludes strategic partnership agreement with ExxonMobil

The Government and U.S. oil and gas company ExxonMobil have concluded a strategic partnership agreement, which was signed by Minister of Foreign Affairs and Trade…

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Posted in www.kormany.hu - News

Péter Szijjártó receives EC Commissioner for Competition

Minister of Foreign Affairs and Trade Péter Szijjártó received the European Commission’s Commissioner for Competition Margrethe Vestager in his office on Thursday, the Ministry said…

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Posted in www.kormany.hu - News

Hungarian Foreign Minster and U.S. Secretary of State to hold talks in Washington

Minister of Foreign Affairs and Trade Péter Szijjártó and U.S. Secretary of State Mike Pompeo will be holding talks in Washington on Wednesday, Minister of…

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Posted in www.kormany.hu - News

The Bulgarian migration proposal is alarming and poses a danger

“The migration proposal put forward by current EU Council President Bulgaria, which is based on the mandatory distribution of immigrants in addition to which it…

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Posted in www.kormany.hu - News

Twenty-five illegal border crossers apprehended over the weekend

Twenty-five illegal border crossed were apprehended on the country’s territory from Friday to Sunday, the National Police headquarters informed Hungarian news agency MTI on Monday….

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Posted in www.kormany.hu - News

Ever more European countries share Hungarian position

More and more European countries share the Hungarian position that illegal immigration is unlawful, is a threat to national security and negatively affects the population’s…

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Posted in www.kormany.hu - News

Judicial governance is anti-democratic

It is important to clarify the role of judges because if judges re-interpret the law or put an extensive construction on a term or concept…

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Posted in www.kormany.hu - News

Government and Scout Association share the same values

The government and the Hungarian Scout Association share the same values, Prime Minister Viktor Orbán stressed on Sunday in Nagykovácsi, in Pest County, at the…

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Posted in www.kormany.hu - News

Government concludes agreement with Gazprom on 2019 Russian gas shipments

“An agreement has successfully been reached with Gazprom on the quantity and price of next year’s natural gas shipments to Hungary, in addition to which…

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Posted in www.kormany.hu - News

The Hungarian state has a duty to take action against those organising migration

On the Friday edition of the Kossuth Radio programme “180 Minutes”, Prime Minister Viktor Orbán spoke about the “Stop Soros” legislative package. He said that…

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Posted in www.kormany.hu - News

Hungarian-Vietnamese relations improving rapidly

“Vietnam has been a traditional partner of Hungary in Southeast Asia, and we regard the country’s economic development and achievements with great respect”, Minister of…

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Posted in www.kormany.hu - News

The unemployment rate has been declining for the 70th consecutive month in Hungary, February-April 2018

Thanks to favourable economic and job market trends, the number of unemployed people has fallen to one-third, to 177 000, of the figure seen in…

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Posted in www.kormany.hu - News

Hungary is not joining the European chorus that is hysterically criticising the United States

With today’s official visit to Washington and the meeting with the U.S. Secretary of State, we are confirming that “Hungary does not want to become…

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Posted in www.kormany.hu - News

OECD growth estimate for Hungary above that of the Government

In the latest Economic Outlook, the OECD predicts economic growth of 4.4 percent for this year in Hungary, Minister of Finance Mihály Varga said. Commenting…

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Posted in www.kormany.hu - News

To the Hungarian Government, the safety of the Hungarian people comes first

“To the Hungarian Government, the safety of the Hungarian people comes first”, the Ministry of Foreign Affairs and Trade said in a statement on Wednesday…

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Posted in www.kormany.hu - News

The Government will be submitting the “Stop Soros” legislative package to Parliament on Tuesday

“The proposal is in harmony with the results of the parliamentary elections in view of the fact that Hungarian citizens clearly stated: Hungary must be…

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Posted in www.kormany.hu - News

The Government wants to maintain the favourable investment environment in the long term

“The Government’s goal is the long-term maintenance of the favourable investment environment”, Parliamentary State Secretary Levente Magyar from the Ministry of Foreign Affairs and Trade…

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Posted in www.kormany.hu - News

Hungarian Foreign Minister holds talks with directors of American enterprises

Minister of Foreign Affairs and Trade Péter Szijjártó is holding talks with the directors of several American enterprises in New York and Washington. Powered by…

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Posted in www.kormany.hu - News

Hungary proposes establishment of intergovernmental working group

“Hungary is proposing the establishment of an intergovernmental working group tasked with monitoring the implementation of the Venice Commission’s opinion regarding Ukraine”, Minister of Foreign…

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Posted in www.kormany.hu - News

Once again Hungarians believe that they are capable of more

At an event marking the opening of Ericsson Hungary’s new headquarters and development centre in Budapest, Prime Minister Viktor Orbán said that once again Hungarians…

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Posted in www.kormany.hu - News

The chief goal of the seventh amendment to the Constitution is the protection of national sovereignty

According to Minister of Justice László Trócsányi, the Government will be submitting the bill on the seventh amendment to the Constitution to the National Assembly…

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Posted in www.kormany.hu - News

An agreement must be reached with London that serves both Europe’s competitiveness and its security

“According to Hungary’s clear position, a fair agreement must be reached with London at the negotiations on the conditions of Britain’s exit from the European…

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Posted in www.kormany.hu - News

Hungarian-Vietnamese economic relations could expand further

On 29 May 2018, Ministerial Commissioner István Joó welcomed Minister Nguyen Van Binh, Member of the Political Committee of the Communist Party of Viet Nam…

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Posted in www.kormany.hu - News

Hungary’s goal and interest is a strong and successful Europe

“Hungary’s goal and interest is a strong and successful Europe, and it is natural for there to be debate on what path leads to this”,…

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Posted in www.kormany.hu - News

Trend reversal in competitiveness has begun

According to the latest data compiled by the Institute for Management Development (IMD) of Switzerland, Hungary advanced five places on this year’s competitiveness ranking, Minister…

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Posted in www.kormany.hu - News

Strong action is required against the organisers of migration

“In its latest measure to combat migration, the Government has decided to resubmit the Stop Soros legislative package and the related constitutional amendment”, Minister heading…

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Posted in www.kormany.hu - News

Viktor Orbán and Wolfgang Sobotka had talks about Hungarian-Austrian relations and EU integration of Balkans

In addition to reviewing the state of Hungarian-Austrian bilateral relations, Prime Minister Viktor Orbán and Wolfgang Sobotka, President of the Austrian National Council, also discussed…

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Posted in www.kormany.hu - News

Parliament to adopt all bills promised by the government by 20 July

According to the Prime Minister’s communication, by 20 July Parliament will pass all bills which the government promised to enact, including the amendment of the…

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Posted in www.kormany.hu - News

Hungary highly appreciates America’s assistance in the conflict with Ukraine

“Hungary highly appreciates the assistance of the United States in the interests of solving the conflict that has developed with Ukraine because of legislation that…

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Posted in www.kormany.hu - News

Government to submit tightened Stop Soros legislative package on Tuesday

After the passage of the Stop Soros legislative package, the organisation of illegal immigration will be a criminal law scenario in the Penal code, Gergely…

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Posted in www.kormany.hu - News

Economic Cabinet formed and convened for first meeting

The first session of the Economic Cabinet held earlier today focused on the Budget of 2019 and economic policy issues of the next years, Finance…

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Posted in www.kormany.hu - News

Hungary is calling for NATO to introduce a new policy with relation to Ukraine in the interests of protecting the Hungarian minority in Transcarpathia

In the interests of protecting the Hungarian minority in Transcarpathia, the Hungarian Government is submitting a memorandum to NATO calling for the introduction of a…

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Posted in www.kormany.hu - News

Prime Minister Viktor Orbán met with several speakers of the conference “The Future of Europe”

On Thursday afternoon in the Parliament Building Prime Minister Viktor Orbán received, on a one-to-one basis, several speakers of the international conference “The Future of…

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Posted in www.kormany.hu - News

Central Europe is getting increasingly strong, and this is irritating many

“Central Europe is closing the gap increasingly markedly and is formulating increasingly strong and distinct political opinions, which is causing irritation to many”, the Ministry…

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Posted in www.kormany.hu - News

Banking union discussed at ECOFIN session

Euro-zone stability is important for Hungary, Minister of Finance Mihály Varga said. At the extended meeting of the Eurogroup, the Minister said that Hungary had…

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Posted in www.kormany.hu - News

Hungary satisfies all European requirements

The Visegrád countries have nothing to fear on account of questions raised or intended to be raised in the context of the rule of law….

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Posted in www.kormany.hu - News

Real earnings growth of more than 10 percent registered in Q1 2018

Earnings in real terms increased markedly, by 10.2 percent year-on-year in the first quarter of 2018. Gross and net earnings both gained 12.4 percent in…

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Posted in Daily News Hungary

Hungary’s greatest legend, king Saint Ladislaus

Saint Ladislaus (Szent László in Hungarian) is and was considered throughout Hungarian history to be the greatest ruler of the Kingdom of Hungary. He was…

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Posted in Daily News Hungary

Moving to Hungary: a how-to guide

More and more people are moving to Hungary (especially to Budapest) from all over the world. Some arrive here because of work, some to challenge…

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Posted in Daily News Hungary

Parking Gorilla: a funny way to handle bad drivers

If you are a frequent driver then you know the struggle of parking, especially when you are presented with challenges by other, careless drivers. Parking…

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Posted in Daily News Hungary

Blossoming May in Hungary – VIDEO

Amazing nature and a heart-warming wildflower landscape. This is what Norbert Varga captured on an amazing footage that illustrates how beautiful the Hungarian spring is….

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Posted in Daily News Hungary

Jobbik proposes stricter laws on pedophiles and sexual offenders

Jobbik is submitting a comprehensive legislation package to the Parliament to make sure that pedophiles and sexual criminals get stricter punishments. For example, individuals convicted…

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Posted in Daily News Hungary

Success of Hungarian innovator in Brussels

Forbes.hu reports of yet another Hungarian startup success, this time at the European Leadership Awards held in Brussels this year. The ‘European Innovator of the Year’…

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Posted in Daily News Hungary

Opposition demands central bank profits be used to help troubled debtors

The opposition Democratic Coalition (DK) has demanded that the government put to use 38 billion forints (EUR 118.3m) the National Bank amassed in profits last…

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Posted in Daily News Hungary

Duna Aréna in Budapest to host events beyond swimming

The organizing committee of FINA-Budapest 2017, who are now responsible for the commercialization of Duna Aréna, have announced at a press conference that the Aréna…

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Posted in Latest news - BBJ on the web

EC to fund motorway to the Romanian border

The European Commission has announced EUR 265 million in Cohesion Fund support for the construction of a section of motorway connecting Budapest with the Romanian…

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Posted in Latest news - BBJ on the web

GDPR Considerations in M&A Transactions

The General Data Protection Regulation (GDPR) came into force on May 25 and introduced unified EU rules on personal data protection. Powered by WPeMatico

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Posted in Latest news - BBJ on the web

Bosch Hungary revenues top HUF 1.3 tln in 2017

German engineering giant Boschʼs turnover in Hungary rose 13% to HUF 1.304 trillion last year, and it also targets double-digit revenue growth this year, the…

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Posted in Latest news - BBJ on the web

Hungarian Skybaby enters energy drink market

A new Hungarian energy drink, Skybaby, will be available commercially from this month, coming in three flavors. Powered by WPeMatico

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Posted in Latest news - BBJ on the web

Kalunba to organize Hungarian language classes for expats

Kalunba, an organization dedicated to providing assistance to refugees, is to organize language courses for the expat community, as its funding dwindles. Powered by WPeMatico

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Posted in Latest news - BBJ on the web

German companies satisfied with Hungarian business environment

German companies operating in Central and Eastern Europe are satisfied with the economic situation, according to a recent study conducted by the German Chamber of…

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Posted in Latest news - BBJ on the web

Hungarians spend HUF 83,000 per month

Hungarians spent on average HUF 82,900 last year. Most of this was spent on utilities and food, but expenses were higher in all categories –…

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Posted in Latest news - BBJ on the web

Italian festival brings La Dolce Vita to Budapest

The fourth Italian Festival opened in Budapest on May 30, with events promoting a variety of products from Italy, and due to run until June…

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Posted in Latest news - BBJ on the web

Outlays of ‘consumer-friendly’ home loans reach HUF 100 bln

The stock of Hungarian lendersʼ outlays of certified “consumer-friendly” home loans is expected to climb over HUF 100 billion by the end of May, the…

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Posted in Latest news - BBJ on the web

MÁV sales revenue flat at HUF 152 bln in 2017

Net sales revenues of state-owned railway company MÁV totaled HUF 152 billion in 2017, little changed from the previous year, an annual report posted as…

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Posted in Latest news - BBJ on the web

Hungaryʼs natural decrease slows in first quarter

In the first quarter of 2018, the number of live births was down 1.9% and the number of deaths 6% fewer than in the corresponding…

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Posted in Latest news - BBJ on the web

ÁKK exchanges HUF 16 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) exchanged three-year bonds maturing in 2019 and 2020 for HUF 16.0 billion of ten-year securities maturing in 2026 at…

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Posted in Latest news - BBJ on the web

EC draft budget cuts cohesion allocation to Hungary by 20%

The European Commission is allocating cohesion funds of EUR 17.9 billion to Hungary at 2018 prices in its EU budget proposal for the period 2021-2027,…

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Posted in Latest news - BBJ on the web

OECD predicts 4.4% GDP growth in Hungary this year

In its biannual Economic Outlook released on Wednesday, the Organisation for Economic Co-operation and Development (OECD) has raised its GDP growth forecasts for Hungary both…

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Posted in Latest news - BBJ on the web

Hungaryʼs Q1 investments up more than 17%

The dynamic expansion in investments that characterized 2017 has persisted into the first quarter of 2018. The volume of investments in the current quarter exceeded…

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Posted in Latest news - BBJ on the web

Management buys out MET Group majority share

Benjámin Lakatos, the CEO of energy trader MET Group, has bought out his partners in the company to become majority owner. Lakatos had held a…

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Posted in Latest news - BBJ on the web

Hungarian rosé wins prestigious U.S. wine award

The 2017 Sauska Rosé of Villány has been selected as “Best in Show” wine at The Rosé Competition 2018, under the auspices of the American…

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Posted in Latest news - BBJ on the web

Chinese street food market opens in Budapest

A Chinese street food market has opened in Kőbányaʼs Monori Center in District 10 of Budapest. A total of eight food stands serve an array…

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Posted in Latest news - BBJ on the web

Magnus Aircraft tops out HUF 5.2 bln plant in Pécs

Hungaryʼs Magnus Aircraft topped out a HUF 5.2 billion plant it is building in Pécs (SW Hungary) on Wednesday.  The plant is expected to be…

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Posted in Latest news - BBJ on the web

MNB puts all 2017 earnings into profit reserves

The National Bank of Hungary (MNB) generated HUF 38.3 billion profit in 2017, and, under the decision of its board, the full amount of the…

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Posted in Latest news - BBJ on the web

New measures to support the establishment and expansion of R&D centers

The Hungarian government introduced a new R&D cash incentive under its VIP cash grant system for large enterprises in 2017 in order to promote the…

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Posted in Latest news - BBJ on the web

PropTech Already at the Doorstep of Real Estate Business

BlabDroids are tiny cute robots asking strange questions such as: “What would you do if there were no laws?” Terrible question for a lawyer, but…

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Posted in Latest news - BBJ on the web

Former MOL CEO Mosonyi passes away at 69

György Mosonyi, chairman of the supervisory board of Hungarian oil and gas company MOL, and a former CEO who oversaw a period of dynamic growth…

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Posted in Latest news - BBJ on the web

Factory gate avg. price rise slows to 2.7% y-o-y in April

Industrial producer prices were 2.7% higher in April 2018 than in the same month of the previous year. Domestic output prices increased by 3.2% on…

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Posted in Latest news - BBJ on the web

ÁKK sells HUF 40 bln of securities at auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 40.0 billion of securities at auction on Thursday, HUF 5 bln less than planned, state…

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Posted in Latest news - BBJ on the web

French poultry processor acquires Hungaryʼs Tranzit

France’s largest poultry processor, LDC, will acquire Hungarian group Tranzit, LDC announced today. The acquisition will provide the company a production base in Hungary for…

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Posted in Latest news - BBJ on the web

Government softens GDPR regulation for SMEs

The government has submitted an amendment to the law on informational self-determination and freedom of information which stipulates that small and medium-sized enterprises (SMEs) would…

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Posted in Latest news - BBJ on the web

Pompeo reiterates importance of ‘vibrant civil society’

Minister of Foreign Affairs and Trade Péter Szijjártó met U.S. Secretary of State Mike Pompeo in Washington on Wednesday. Statements released after the meeting indicated…

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