761 result(s) for export
Péter Szijjártó Reopens Hungarian Consulate General in Chicago
- 5 Oct 2015 11:00 AM
- current affairs
On Thursday, Minister of Foreign Affairs and Trade Péter Szijjártó reopened the Hungarian Consulate General in Chicago, which was closed in 2009. The Minister said that the Consulate General plays a key role with regard to both the economy and national policy because a Hungarian community of 35-40 thousand people lives in the American Midwest, in and around Chicago. Moreover, there are many ...
London Analysts: VW Fallout On Hungary Likely To Be Limited
- 5 Oct 2015 9:00 AM
- business
The impact of the Volkswagen emissions scandal on Hungary’s economy will be limited in terms of tail risks to growth, London-based emerging markets economists said. In its “Emerging Markets Outlook and Strategy” report, JP Morgan said the auto industry accounts for an important share of Hungary’s economic activity: 20-22% of industrial production, 10% of exports and 4% of GDP.
Xpat Opinion: Hungary’s Economy Minister’s Response To VW Scandal
- 1 Oct 2015 9:00 AM
- business
A conservative pundit welcomes the government’s plan to facilitate diversification in the industrial sector in order to make the country less dependent on car manufacturing.
Schengen Disintegration “Threat To Hungary’s Foreign Trade”
- 25 Sep 2015 9:00 AM
- business
If the Schengen system breaks down due to the migration crisis Hungarian companies could suffer, the foreign minister told a business conference. Péter Szijjártó said temporary border closures are causing major problems due to an increase in shipping times for companies employing just-intime manufacturing. If the Schengen system breaks down completely, lorries will have to queue at borders and ...
Századvég Lowers Hungary’s GDP, Inflation Forecast For 2015
- 23 Sep 2015 9:00 AM
- business
Economic research institute Századvég has lowered its GDP growth forecast to 3.1% for 2015 from 3.4% forecast in June. The economy was weaker than expected in the second quarter, the think-tank said, adding that the deterioration in the economic outlook is related to one-off factors which do not affect Hungary’s growth potential. Economic output is expected to grow by 2.5% in 2016 compared with ...
Standard & Poor’s Affirmed Hungary’s Credit Rating
- 22 Sep 2015 9:01 AM
- business
The agency maintained the country’s rating with stable outlook. In the analysis accompanying the decision, S&P stressed that that Hungarian labour force was well educated and competitive, and the export structure was balanced. Improving domestic consumption, declining unemployment, the utilization of EU funds and the central bank’s lending programme have also driven economic growth.
Italian Illy Coffee Actually Created By A Hungarian
- 4 Sep 2015 10:00 AM
- food & drink
Before inventing his revolutionary coffee machine, Francesco Illy was called Ferenc Illy and he lived in Hungary in the era of the Austro-Hungarian Monarchy. The Hungarian-born financial accountant and bookkeeper was brought up in Temesvár (Timișoara in today’s Romania) where he studied economics. After secondary school Illy left his home town and moved to Vienna to learn the trade of business ...
Inter-State Talks Regarding Belgrade-Budapest Railway Line Commenced
- 4 Sep 2015 9:18 AM
- getting around
Hungary has received the Chinese party’s financing offer relating to the Belgrade-Budapest railway line project, and negotiations on an inter-state agreement have also begun, Minister of Foreign Affairs and Trade Péter Szijjártó told the correspondent of the Hungarian News Agency MTI in Beijing, after his meeting with Chinese Foreign Minister Vang Yi late Wednesday evening, local time.
Golgotha Painting Covered In Hungary
- 1 Sep 2015 9:00 AM
- community & culture
Golgotha, the 19th-century painting by Mihály Munkácsy has been covered over at the Déri Museum in Debrecen, as its owner Imre Pákh has banned its further public display. Pákh brought the picture to Hungary for display along with the other parts of Munkácsy’s Christ trilogy, but the government declared the painting a protected artwork that cannot be exported after he rejected its purchase offer ...
Péter Szijjártó Reopens Hungarian Consulate General in Chicago
- 5 Oct 2015 11:00 AM
- current affairs
On Thursday, Minister of Foreign Affairs and Trade Péter Szijjártó reopened the Hungarian Consulate General in Chicago, which was closed in 2009. The Minister said that the Consulate General plays a key role with regard to both the economy and national policy because a Hungarian community of 35-40 thousand people lives in the American Midwest, in and around Chicago. Moreover, there are many ...
London Analysts: VW Fallout On Hungary Likely To Be Limited
- 5 Oct 2015 9:00 AM
- business
The impact of the Volkswagen emissions scandal on Hungary’s economy will be limited in terms of tail risks to growth, London-based emerging markets economists said. In its “Emerging Markets Outlook and Strategy” report, JP Morgan said the auto industry accounts for an important share of Hungary’s economic activity: 20-22% of industrial production, 10% of exports and 4% of GDP.
Xpat Opinion: Hungary’s Economy Minister’s Response To VW Scandal
- 1 Oct 2015 9:00 AM
- business
A conservative pundit welcomes the government’s plan to facilitate diversification in the industrial sector in order to make the country less dependent on car manufacturing.
Schengen Disintegration “Threat To Hungary’s Foreign Trade”
- 25 Sep 2015 9:00 AM
- business
If the Schengen system breaks down due to the migration crisis Hungarian companies could suffer, the foreign minister told a business conference. Péter Szijjártó said temporary border closures are causing major problems due to an increase in shipping times for companies employing just-intime manufacturing. If the Schengen system breaks down completely, lorries will have to queue at borders and ...
Századvég Lowers Hungary’s GDP, Inflation Forecast For 2015
- 23 Sep 2015 9:00 AM
- business
Economic research institute Századvég has lowered its GDP growth forecast to 3.1% for 2015 from 3.4% forecast in June. The economy was weaker than expected in the second quarter, the think-tank said, adding that the deterioration in the economic outlook is related to one-off factors which do not affect Hungary’s growth potential. Economic output is expected to grow by 2.5% in 2016 compared with ...
Standard & Poor’s Affirmed Hungary’s Credit Rating
- 22 Sep 2015 9:01 AM
- business
The agency maintained the country’s rating with stable outlook. In the analysis accompanying the decision, S&P stressed that that Hungarian labour force was well educated and competitive, and the export structure was balanced. Improving domestic consumption, declining unemployment, the utilization of EU funds and the central bank’s lending programme have also driven economic growth.
Italian Illy Coffee Actually Created By A Hungarian
- 4 Sep 2015 10:00 AM
- food & drink
Before inventing his revolutionary coffee machine, Francesco Illy was called Ferenc Illy and he lived in Hungary in the era of the Austro-Hungarian Monarchy. The Hungarian-born financial accountant and bookkeeper was brought up in Temesvár (Timișoara in today’s Romania) where he studied economics. After secondary school Illy left his home town and moved to Vienna to learn the trade of business ...
Inter-State Talks Regarding Belgrade-Budapest Railway Line Commenced
- 4 Sep 2015 9:18 AM
- getting around
Hungary has received the Chinese party’s financing offer relating to the Belgrade-Budapest railway line project, and negotiations on an inter-state agreement have also begun, Minister of Foreign Affairs and Trade Péter Szijjártó told the correspondent of the Hungarian News Agency MTI in Beijing, after his meeting with Chinese Foreign Minister Vang Yi late Wednesday evening, local time.
Golgotha Painting Covered In Hungary
- 1 Sep 2015 9:00 AM
- community & culture
Golgotha, the 19th-century painting by Mihály Munkácsy has been covered over at the Déri Museum in Debrecen, as its owner Imre Pákh has banned its further public display. Pákh brought the picture to Hungary for display along with the other parts of Munkácsy’s Christ trilogy, but the government declared the painting a protected artwork that cannot be exported after he rejected its purchase offer ...