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Hungary Jumps More Than 10 Places In World Bank Ranking
- 29 Oct 2015 8:00 AM
- business
Hungary moved up by more than ten places to 42nd out of 189 countries in the World Bank’s 2016 Doing Business ranking, the economy ministry said on Wednesday. The World Bank introduced a number of changes to the methodology used to compile the report, which allowed Hungary to improve to 42nd from its 2015 ranking of 54th place.
State Reacquires Historic Budapest Department Store
- 29 Oct 2015 8:00 AM
- property
The state has reacquired Paris Department Store, a historic Art Nouveau-style building in the centre of Budapest, news portal napi.hu reported. The state has exercised its preemption right for the property through MFB-Ingatlanfejlesztő, the property development unit of the state-owned development bank MFB, the Prime Minister’s Office’s press department told napi.hu.
Hungaryí's Ruling Party Launches “A Village To Each Oligarch” Programme, DK Says
- 29 Oct 2015 8:00 AM
- current affairs
Opposition parties criticised the government's farmland programme in a parliamentary debate dedicated to the plan. The leftish opposition Democratic Coalition (DK) said that entrepreneur and Felcsút mayor Lőrinc Mészáros, reportedly close to the government, could become Hungary's largest landowner as a result of the scheme.
US Travel Magazine: Budapest Second-Best City Of The World
- 29 Oct 2015 12:50 AM
- travel
The Hungarian capital Budapest has been named the world’s second-best city in the world in a top American travel magazine. Readers of Condé Nast Traveler, a luxury and lifestyle travel magazine published in New York City since 1987, have secured the city a Readers’ Choice Award for the world’s second-best city, with an overall rating of 86.090.
Increased Security For Hungary’s PM
- 28 Oct 2015 8:00 AM
- current affairs
The Anti-Terrorist Centre (TEK) has stepped up its protection of Prime Minister Viktor Orbán because of the migration crisis, Magyar Idõk has learnt. The enhanced protection extends to Orbán’s entourage and family. Secret service leaders told Tuesday’s closed meeting of the national security committee that Hungary was the number one transit country for jihadist organisations, such as the Islamic ...
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Opposition Criticises Hungarian Govt Farmland Sale In Parl Debate
- 27 Oct 2015 8:00 AM
- property
Opposition parties criticised the government’s farmland programme in a parliamentary debate dedicated to the plan. The Socialists said that the government’s auctioning off stateowned farmland will not prevent foreign nationals from obtaining estates in Hungary. On the contrary, foreigners could not buy land if all those plots remained publicly owned, Socialist deputy chair Zoltán Gőgös said.
Xpat Opinion: Migrant Flow To Hungary Halted
- 26 Oct 2015 10:30 AM
- current affairs
As the flow of illegal migrants arriving in Hungary has almost stopped since the ‘green border’ was sealed last weekend (25 were registered on Tuesday), newspapers continue their ‘dialogue of the deaf’- some dwelling on the human side of the crisis, while others concentrating on the limits of European endurance and tolerance.
Hungary Won’t Open “Corridor” For Migrants
- 22 Oct 2015 9:00 AM
- current affairs
Hungary does not support any proposal to open corridors on its closed southern border sections for migrants trying to enter the EU, government spokesman Zoltán Kovács said. Speaking after a meeting of Hungarian, Croatian, Austrian and Slovenian police chiefs in Vienna, Kovács said the four countries agreed that the migrant crisis could be resolved by reinforcing the Turkish-Greek border and by ...
Hungary Jumps More Than 10 Places In World Bank Ranking
- 29 Oct 2015 8:00 AM
- business
Hungary moved up by more than ten places to 42nd out of 189 countries in the World Bank’s 2016 Doing Business ranking, the economy ministry said on Wednesday. The World Bank introduced a number of changes to the methodology used to compile the report, which allowed Hungary to improve to 42nd from its 2015 ranking of 54th place.
State Reacquires Historic Budapest Department Store
- 29 Oct 2015 8:00 AM
- property
The state has reacquired Paris Department Store, a historic Art Nouveau-style building in the centre of Budapest, news portal napi.hu reported. The state has exercised its preemption right for the property through MFB-Ingatlanfejlesztő, the property development unit of the state-owned development bank MFB, the Prime Minister’s Office’s press department told napi.hu.
Hungaryí's Ruling Party Launches “A Village To Each Oligarch” Programme, DK Says
- 29 Oct 2015 8:00 AM
- current affairs
Opposition parties criticised the government's farmland programme in a parliamentary debate dedicated to the plan. The leftish opposition Democratic Coalition (DK) said that entrepreneur and Felcsút mayor Lőrinc Mészáros, reportedly close to the government, could become Hungary's largest landowner as a result of the scheme.
US Travel Magazine: Budapest Second-Best City Of The World
- 29 Oct 2015 12:50 AM
- travel
The Hungarian capital Budapest has been named the world’s second-best city in the world in a top American travel magazine. Readers of Condé Nast Traveler, a luxury and lifestyle travel magazine published in New York City since 1987, have secured the city a Readers’ Choice Award for the world’s second-best city, with an overall rating of 86.090.
Increased Security For Hungary’s PM
- 28 Oct 2015 8:00 AM
- current affairs
The Anti-Terrorist Centre (TEK) has stepped up its protection of Prime Minister Viktor Orbán because of the migration crisis, Magyar Idõk has learnt. The enhanced protection extends to Orbán’s entourage and family. Secret service leaders told Tuesday’s closed meeting of the national security committee that Hungary was the number one transit country for jihadist organisations, such as the Islamic ...
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Opposition Criticises Hungarian Govt Farmland Sale In Parl Debate
- 27 Oct 2015 8:00 AM
- property
Opposition parties criticised the government’s farmland programme in a parliamentary debate dedicated to the plan. The Socialists said that the government’s auctioning off stateowned farmland will not prevent foreign nationals from obtaining estates in Hungary. On the contrary, foreigners could not buy land if all those plots remained publicly owned, Socialist deputy chair Zoltán Gőgös said.
Xpat Opinion: Migrant Flow To Hungary Halted
- 26 Oct 2015 10:30 AM
- current affairs
As the flow of illegal migrants arriving in Hungary has almost stopped since the ‘green border’ was sealed last weekend (25 were registered on Tuesday), newspapers continue their ‘dialogue of the deaf’- some dwelling on the human side of the crisis, while others concentrating on the limits of European endurance and tolerance.
Hungary Won’t Open “Corridor” For Migrants
- 22 Oct 2015 9:00 AM
- current affairs
Hungary does not support any proposal to open corridors on its closed southern border sections for migrants trying to enter the EU, government spokesman Zoltán Kovács said. Speaking after a meeting of Hungarian, Croatian, Austrian and Slovenian police chiefs in Vienna, Kovács said the four countries agreed that the migrant crisis could be resolved by reinforcing the Turkish-Greek border and by ...