ElringKlinger to build EUR 21 m plant in Hungary
Mar 21, 2017
German automotive industry supplier ElringKlinger will build a 21 million euro plant in Kecskemét, in central Hungary, creating 700 jobs over several years, CFO...
Cinema City not pulling out of Hungary
Jan 4, 2017
Cinema operator Cinema City is not withdrawing from Hungary, marketing director Andrea Buda said, commenting on a report it will lose a contract to...
Corporate tax rate slashed
Nov 18, 2016
Hungary’s corporate tax rate will be lowered to a flat 9% next year, Prime Minister Viktor Orbán announced at a conference. The rate will apply...
Residency bonds under review
Oct 30, 2016
János Lázár, the government office chief, said he believed there would be no need for residency bonds in the future. Lázár said debt financing had...
Fitch puts Hungary Back Into investment grade
May 23, 2016
Ratings agency Fitch returned Hungary’s credit rating to investment grade with a stable outlook. Fitch raised Hungary’s sovereign rating to “BBB-” from “BB in a...
Government signs strategic agreement with BT
May 17, 2016
Hungary’s government concluded a strategic agreement with the Hungary-based regional service center of BT in order to strengthen their partnership. Foreign Minister Péter Szijjártó...
OECD sees return of strong growth to Hungary
May 9, 2016
“Strong economic growth has returned” to Hungary, the OECD said in a recent report, putting GDP growth at 2.5% in 2016 and 3% in...
Retail sales up 5.5% in March
May 6, 2016
Retail sales in Hungary increased by 5.5% in March from the same month a year earlier, according to preliminary data released by the Central...
Hungary issues over 100 commercial drone licenses
Apr 22, 2016
Hungary’s National Transport Authority (NKH) has so far issued more than 100 licenses for the commercial use of unmanned aerial vehicles, business daily Világgazdaság...
Vat rate cuts to save Hungarians HUF 59 Bn next year
Apr 21, 2016
Planned reductions in the VAT rates for milk, eggs, poultry and catering will save Hungarians about 59 billion forints (EUR 190.5m) next year, farm...
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