767 result(s) for expansion
Rothschild Offers Upbeat Study On Hungarian Paks Nuclear Power Plant
- 23 Dec 2015 8:00 AM
- current affairs
The expansion of the Paks nuclear power plant is not being carried out in a way that violates EU competition rules and is an investment that will recover its costs without state subsidy, according to a study by the Rothschild Group, released yesterday by the Prime Minister’s Office. Government commissioner for the expansion project Attila Aszódi said the financial consultant’s analysis will be ...
Analysts Expect Hungarian National Bank Announcement Re Liquidity
- 14 Dec 2015 8:00 AM
- business
The MNB’s monetary council is widely expected to keep the rate on hold at 1.35% at the last rate-setting meeting of the year on Tuesday. Instead, analysts are turning their attention to the possible expansion of non-conventional monetary tools, designed to redirect deposits held at the central bank by banks to the bond market. The MNB is also expected to announce its revised growth targets.
Hungary Offers Additional HUF 1bn For Fight Against Climate Change
- 8 Dec 2015 5:00 AM
- current affairs
Hungary has offered to contribute an additional 1 billion forints (USD 3.47m) for international climate management and the success of the Paris climate summit on top of the 1 billion forints previously offered for the Green climate fund operating under a United Nations framework agreement, a development ministry official said.
Retail Sector Continues To Record Sales Growth Above The EU Average, September 2015
- 30 Nov 2015 8:00 AM
- shopping
In September 2015, the volume of retail sales grew by 5.1 percent year-on-year, and thus the sector’s positive sales trend has been in place for the 28th consecutive month. In the initial nine months of the year, the volume of sales was up by 5.9 percent year-on-year. These growth figures exceed both the EU and the Euro-zone averages.
Hungary’s PM Orbán Vows To Press Ahead With Paks Upgrade
- 20 Nov 2015 3:00 AM
- current affairs
Commenting on the European Commission’s infringement procedure in connection with the planned expansion of the Paks nuclear power station, Prime Minister Viktor Orbán told public radio that it is in Hungary’s basic interest to operate and expand the Paks plant because electricity prices would sharply rise without Paks. “Cheap electricity equals Paks”, he said, adding that “we will continue moving ...
Paks Nuclear Plant Expansion Consultation Completed
- 18 Nov 2015 8:00 AM
- current affairs
The public consultation which is part of the environmental licensing of the Paks nuclear power station’s planned expansion has been completed and the licence is expected to be issued in two months. The project’s implementation licence is expected to be received by the end of 2017 and construction could be started in 2018, government commissioner Attila Aszódi said said. A total of 6,000 licences ...
Ministry Rejecting Lidl Expansions In Hungary
- 10 Nov 2015 10:00 AM
- shopping
The Economy Ministry has refused all 28 requests from German discount chain Lidl for exemptions from the so-called “plaza stop” law against the construction of large shops or shopping malls. The law passed in 2012 banned the construction of retail units larger than 300m2 until 2013 and larger than 400m2 from 2014, if no special permit was obtained.
KSH Confirms 6.2% Industrial Output Growth For Aug
- 15 Oct 2015 9:00 AM
- business
Hungary’s industrial output grew by an annual 6.2% in August, the Central Statistical Office (KSH) said in a second reading of data, confirming its first estimate. The index adjusted for the number of workdays also increased by 6.2%. In a month-onmonth comparison, industrial output fell by 2%, according to seasonally and workday-adjusted data. In the first eight months of 2015, industrial output ...
IMF Revised Upward Hungary’s Economic Growth Estimate
- 7 Oct 2015 9:50 AM
- business
Scheduled to coincide with its regular annual meeting organized this year in Lima, Peru, the International Monetary Fund published the latest World Economic Outlook, a study on global growth prospects. In comparison to estimates published in March 2015, the organization once again upwardly revised the economic growth forecast for 2015, raising it by 0.3 percentage points to 3.0 percent of GDP, ...
Rothschild Offers Upbeat Study On Hungarian Paks Nuclear Power Plant
- 23 Dec 2015 8:00 AM
- current affairs
The expansion of the Paks nuclear power plant is not being carried out in a way that violates EU competition rules and is an investment that will recover its costs without state subsidy, according to a study by the Rothschild Group, released yesterday by the Prime Minister’s Office. Government commissioner for the expansion project Attila Aszódi said the financial consultant’s analysis will be ...
Analysts Expect Hungarian National Bank Announcement Re Liquidity
- 14 Dec 2015 8:00 AM
- business
The MNB’s monetary council is widely expected to keep the rate on hold at 1.35% at the last rate-setting meeting of the year on Tuesday. Instead, analysts are turning their attention to the possible expansion of non-conventional monetary tools, designed to redirect deposits held at the central bank by banks to the bond market. The MNB is also expected to announce its revised growth targets.
Hungary Offers Additional HUF 1bn For Fight Against Climate Change
- 8 Dec 2015 5:00 AM
- current affairs
Hungary has offered to contribute an additional 1 billion forints (USD 3.47m) for international climate management and the success of the Paris climate summit on top of the 1 billion forints previously offered for the Green climate fund operating under a United Nations framework agreement, a development ministry official said.
Retail Sector Continues To Record Sales Growth Above The EU Average, September 2015
- 30 Nov 2015 8:00 AM
- shopping
In September 2015, the volume of retail sales grew by 5.1 percent year-on-year, and thus the sector’s positive sales trend has been in place for the 28th consecutive month. In the initial nine months of the year, the volume of sales was up by 5.9 percent year-on-year. These growth figures exceed both the EU and the Euro-zone averages.
Hungary’s PM Orbán Vows To Press Ahead With Paks Upgrade
- 20 Nov 2015 3:00 AM
- current affairs
Commenting on the European Commission’s infringement procedure in connection with the planned expansion of the Paks nuclear power station, Prime Minister Viktor Orbán told public radio that it is in Hungary’s basic interest to operate and expand the Paks plant because electricity prices would sharply rise without Paks. “Cheap electricity equals Paks”, he said, adding that “we will continue moving ...
Paks Nuclear Plant Expansion Consultation Completed
- 18 Nov 2015 8:00 AM
- current affairs
The public consultation which is part of the environmental licensing of the Paks nuclear power station’s planned expansion has been completed and the licence is expected to be issued in two months. The project’s implementation licence is expected to be received by the end of 2017 and construction could be started in 2018, government commissioner Attila Aszódi said said. A total of 6,000 licences ...
Ministry Rejecting Lidl Expansions In Hungary
- 10 Nov 2015 10:00 AM
- shopping
The Economy Ministry has refused all 28 requests from German discount chain Lidl for exemptions from the so-called “plaza stop” law against the construction of large shops or shopping malls. The law passed in 2012 banned the construction of retail units larger than 300m2 until 2013 and larger than 400m2 from 2014, if no special permit was obtained.
KSH Confirms 6.2% Industrial Output Growth For Aug
- 15 Oct 2015 9:00 AM
- business
Hungary’s industrial output grew by an annual 6.2% in August, the Central Statistical Office (KSH) said in a second reading of data, confirming its first estimate. The index adjusted for the number of workdays also increased by 6.2%. In a month-onmonth comparison, industrial output fell by 2%, according to seasonally and workday-adjusted data. In the first eight months of 2015, industrial output ...
IMF Revised Upward Hungary’s Economic Growth Estimate
- 7 Oct 2015 9:50 AM
- business
Scheduled to coincide with its regular annual meeting organized this year in Lima, Peru, the International Monetary Fund published the latest World Economic Outlook, a study on global growth prospects. In comparison to estimates published in March 2015, the organization once again upwardly revised the economic growth forecast for 2015, raising it by 0.3 percentage points to 3.0 percent of GDP, ...