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Orbán Welcomes Erdoğan in Budapest

October 09. 2018.

Budapest Business Journal

Hungarian Prime Minister Viktor Orbán met with Turkish President Recep Tayyip Erdoğan in Budapest Monday, discussing a variety of topics and lauding cooperation between the two countries at a press conference, where the Turkish leader blamed the Saudis for the recent disappearance of a journalist in Istanbul. More...

IMF Raises GDP Growth Forecast for Hungary

October 09. 2018.

MTI Econews via bbj.hu

The International Monetary Fund (IMF) has raised its projection for Hungaryʼs GDP growth this year to 4.0% in its fresh World Economic Outlook published Tuesday, state news agency MTI reported. The projection was raised from 3.8% in the forecast released in April, but is still under the governmentʼs official target of 4.3%. More...

The Hungarian Budget Finally Sees an Improvement

October 08. 2018.

ING Think

Developments related to EU funds are finally becoming beneficial as the budget posted a surplus in September, alleviating the deterioration we've seen since January. More...

Hungary: Industrial Production Picks Up

October 05. 2018.

ING Think

We expected Hungarian industrial production to pick up, showing a correction in August... but it has nothing to do with car manufacturing. Hungarian industrial production – based on working-day adjusted data – grew by 4.5% YoY in August, roughly matching ING’s expectations. Details...

Hungary, Poland Challenge Tighter EU Labor Rules in Court

October 04. 2018.

Reuters / Krisztina Than

Hungary and Poland said on Thursday they have gone to the European Court of Justice to challenge tighter European Union rules on the employment of workers from low-pay EU states. More...

STATISTICAL UPDATES: External Trade; Inflation

October 09. 2018.

Central Statistical Office

- In EUR terms, exports increased by 0.9% and imports grew by 6.1% in August 2018 compared to the same period of the previous year. The trade surplus was down by EUR 381 million. In the first eight months of 2018, the external trade surplus was EUR 4.6 billion. Details...

- Consumer prices were 3.6% higher on average in September 2018 than a year earlier. Significant price increases were measured over the past year for motor fuels and tobacco. Details...

Hungary and Poland to Challenge EU Directive on Posted Workers

October 08. 2018.

Emerging Europe

Hungary and Poland have confirmed that they will seed the annulment of a revised EU directive on posted workers, calling the new rules “a victory for economic protectionism”. Ever since the European Commission adopted the new posted workers directive in June, which effectively entitles posted workers to the minimum rates of pay in their host countries, there has been increased polarisation between the stance of eastern and western EU member states. More...

 

Hungarian President Calls for Fight Against Climate Change to Reduce Migratory Pressures

October 05. 2018.

Emerging Europe / Nijat Eldarov

János Áder, the president of Hungary, has said that the country should place “significant importance” to climate protection efforts in order to diminish the grave impact of migratory pressures. Speaking at an event held at the National Public Service University, the president commented on the potential of climate change to precipitate further influxes of migrants. More...

Am-Cham and HIPA Jointly Staged 4th "Business Meets Government" Summit

October 04. 2018.

Amcham.hu / Robin Marshall

When it comes to reforming the education system to provide businesses with the workers of the future, “Everything is connected to everything,” Deputy State Secretary for Vocational Training and Adult Education Mrs. G. Pölöskei told guests of AmCham’s fourth Business Meets Government Summit. More...

Hungary: Retail Rebounds Unexpectedly

October 03. 2018.

ING

Retail sector turnover grew at a pace faster than expected on the back of above average consumption, which is why we expect the sector to expand by 6 -7% in the months ahead. The retail sales turnover, adjusted for working days rose by 6.8% year on year in August, beating both market expectations and the average growth rate of 2018 (6.7% YoY). Details...