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Foundations Set Up By Gov't Get Multi Billion Forint Dividends

Foundations Set Up By Gov't Get Multi Billion Forint Dividends

Foundations set up in recent years by the government and endowed with considerable state shareholdings and other assets will receive Ft 91 billion in total from dividends to be paid by MOL and Richter on 2022 profits, website 24 reports.
US Ambassador Concerned About Hungarys Leaders, US Sanctions Budapest-Based Bank

US Ambassador Concerned About Hungarys Leaders, US Sanctions Budapest-Based Bank

The United States has announced sanctions on more than 50 people and entities “in order to curb Russia’s and sanctioned Russian persons’ access to the international financial system through the use of financial facilitators,” David Pressman, the US Ambassador to Hungary said.
Highest Honor: Billionaire Banker Csányi Decorated with Hungarian Order of St Stephen by President Novák

Highest Honor: Billionaire Banker Csányi Decorated with Hungarian Order of St Stephen by President Novák

President Katalin Novák decorated Sándor Csányi, chairman and chief executive of OTP Bank and head of the Hungarian Football Association (MLSZ), with the Hungarian Order of St Stephen, the highest honour in Hungary, at the presidential Sándor Palace.
Economic Growth Expected to Continue in Hungary

Economic Growth Expected to Continue in Hungary

The government expects economic growth to continue in the next twelve to eighteen months, exceeding 4% in 2024, while state debt and government budget deficit will fall, Finance Minister Mihály Varga said at an event of the Chamber of Commerce and Industry.
Ukraine Proposal on Minorities

Ukraine Proposal on Minorities "Unacceptable", Says Hungarian Foreign Minister

Ukraine's proposal tantamount to taking steps to eliminate ethnic minorities using European Union funds is "unacceptable", Foreign Minister Péter Szijjártó said in Geneva.
Foreign Investments in Hungary are Highest in Over 20 Years, Despite High Inflation & Gas Prices

Foreign Investments in Hungary are Highest in Over 20 Years, Despite High Inflation & Gas Prices

Even though European gas reserves have been replenished, the price of gas is three times pre-war levels, he said, adding that this had stoked inflation, with Hungary spending 4,000 billion forints (EUR 10.5bn) more on energy in 2022 than in the previous year, Prime Minister Viktor Orbán said in an address to MPS.
Egypt Adds More Railway Carrages to “Largest Ever Order for Hungarian Vehicles”

Egypt Adds More Railway Carrages to “Largest Ever Order for Hungarian Vehicles”

Egypt is ordering another 50 railway carriages from Hungary on top of the 1,300 ordered so far, Péter Szijjártó, the minister of foreign affairs and trade said.
No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

The Hungarian government is determined to avoid a recession this year, and its goal is to secure growth of 1.5% this year following a 4.5% growth in 2022, notwithstanding the mounting economic challenges, Márton Nagy, the minister of economic development said on Tuesday, opening a business lunch of the Hungarian-French Chamber of Commerce and Industry.

"We Have Entered the Age of Dangers", Says Orbán

It is possible that 2022 will be remembered as the year Hungary entered “the age of dangers”, Prime Minister Viktor Orbán said in an interview to public radio on Friday, adding that the country had responded proactively.
Foundations Set Up By Gov't Get Multi Billion Forint Dividends

Foundations Set Up By Gov't Get Multi Billion Forint Dividends

Foundations set up in recent years by the government and endowed with considerable state shareholdings and other assets will receive Ft 91 billion in total from dividends to be paid by MOL and Richter on 2022 profits, website 24 reports.
US Ambassador Concerned About Hungarys Leaders, US Sanctions Budapest-Based Bank

US Ambassador Concerned About Hungarys Leaders, US Sanctions Budapest-Based Bank

The United States has announced sanctions on more than 50 people and entities “in order to curb Russia’s and sanctioned Russian persons’ access to the international financial system through the use of financial facilitators,” David Pressman, the US Ambassador to Hungary said.
Highest Honor: Billionaire Banker Csányi Decorated with Hungarian Order of St Stephen by President Novák

Highest Honor: Billionaire Banker Csányi Decorated with Hungarian Order of St Stephen by President Novák

President Katalin Novák decorated Sándor Csányi, chairman and chief executive of OTP Bank and head of the Hungarian Football Association (MLSZ), with the Hungarian Order of St Stephen, the highest honour in Hungary, at the presidential Sándor Palace.
Economic Growth Expected to Continue in Hungary

Economic Growth Expected to Continue in Hungary

The government expects economic growth to continue in the next twelve to eighteen months, exceeding 4% in 2024, while state debt and government budget deficit will fall, Finance Minister Mihály Varga said at an event of the Chamber of Commerce and Industry.
Ukraine Proposal on Minorities

Ukraine Proposal on Minorities "Unacceptable", Says Hungarian Foreign Minister

Ukraine's proposal tantamount to taking steps to eliminate ethnic minorities using European Union funds is "unacceptable", Foreign Minister Péter Szijjártó said in Geneva.
Foreign Investments in Hungary are Highest in Over 20 Years, Despite High Inflation & Gas Prices

Foreign Investments in Hungary are Highest in Over 20 Years, Despite High Inflation & Gas Prices

Even though European gas reserves have been replenished, the price of gas is three times pre-war levels, he said, adding that this had stoked inflation, with Hungary spending 4,000 billion forints (EUR 10.5bn) more on energy in 2022 than in the previous year, Prime Minister Viktor Orbán said in an address to MPS.
Egypt Adds More Railway Carrages to “Largest Ever Order for Hungarian Vehicles”

Egypt Adds More Railway Carrages to “Largest Ever Order for Hungarian Vehicles”

Egypt is ordering another 50 railway carriages from Hungary on top of the 1,300 ordered so far, Péter Szijjártó, the minister of foreign affairs and trade said.
No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

The Hungarian government is determined to avoid a recession this year, and its goal is to secure growth of 1.5% this year following a 4.5% growth in 2022, notwithstanding the mounting economic challenges, Márton Nagy, the minister of economic development said on Tuesday, opening a business lunch of the Hungarian-French Chamber of Commerce and Industry.

"We Have Entered the Age of Dangers", Says Orbán

It is possible that 2022 will be remembered as the year Hungary entered “the age of dangers”, Prime Minister Viktor Orbán said in an interview to public radio on Friday, adding that the country had responded proactively.