812 result(s) for export
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 ...
Hungary Prepares For Good Grape Harvest Season
- 10 Aug 2015 9:00 AM
- food & drink
Hungary’s grape harvest is expected to be about the same as last year’s, the chairman of vintners association HNT said on public radio. Tamás Tornai told Kossuth Rádió that a closer estimate could be made early next week. Most of Hungary’s winegrowing regions will produce more grapes this year, with the exceptions of Tokaj and Kunság, Tornai said.
Uniquely Hungary: The Budapest Festival Orchestra, By Anne Zwack
- 30 Jul 2015 10:30 AM
- community & culture
If asked what is the most famous Hungarian export one might mumble about salami and paprika and foie gras and then look vague. Meanwhile, I wonder how many people know on the other hand that the Budapest Festival Orchestra today is bringing the best of Hungary all over the world.
Economy Minister Hails American Contribution To Hungary’s Economy
- 1 Jul 2015 9:00 AM
- business
Hungary has managed to successfully confront the financial crisis the repercussions of which Greece is suffering from even today, the Hungarian economy minister said at the business forum organized by the American Chamber of Commerce in Hungary. Investment and more efficient use of EU funds are likely to be the main drivers of future economic growth in Hungary, Mihály Varga said.
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 ...
Hungary Prepares For Good Grape Harvest Season
- 10 Aug 2015 9:00 AM
- food & drink
Hungary’s grape harvest is expected to be about the same as last year’s, the chairman of vintners association HNT said on public radio. Tamás Tornai told Kossuth Rádió that a closer estimate could be made early next week. Most of Hungary’s winegrowing regions will produce more grapes this year, with the exceptions of Tokaj and Kunság, Tornai said.
Uniquely Hungary: The Budapest Festival Orchestra, By Anne Zwack
- 30 Jul 2015 10:30 AM
- community & culture
If asked what is the most famous Hungarian export one might mumble about salami and paprika and foie gras and then look vague. Meanwhile, I wonder how many people know on the other hand that the Budapest Festival Orchestra today is bringing the best of Hungary all over the world.
Economy Minister Hails American Contribution To Hungary’s Economy
- 1 Jul 2015 9:00 AM
- business
Hungary has managed to successfully confront the financial crisis the repercussions of which Greece is suffering from even today, the Hungarian economy minister said at the business forum organized by the American Chamber of Commerce in Hungary. Investment and more efficient use of EU funds are likely to be the main drivers of future economic growth in Hungary, Mihály Varga said.