• 22 Nov 2024

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Fruit Harvest Promises Favourable Pálinka Season in Hungary this Year

Fruit Harvest Promises Favourable Pálinka Season in Hungary this Year

This year's fruit harvest promises a good pálinka season, with the professionals expecting a more favorable year; after last year's decline, this year's volume is expected to exceed 600,000 hectoliters.
Third Investor in Budapest Airport Possible so that a Third Terminal Can Open Asap

Third Investor in Budapest Airport Possible so that a Third Terminal Can Open Asap

The Hungarian state, as a financial and strategic investor, will be the one to decide on the development of Budapest’s Liszt Ferenc International Airport, the national economy minister said.
'Hungary Most Corrupt & 2nd Poorest State in EU', Says Magyar - Who Will Take EP Seat

'Hungary Most Corrupt & 2nd Poorest State in EU', Says Magyar - Who Will Take EP Seat

The opposition Respect and Freedom (Tisza) Party’s priority is to “take our country back” from the government “which made Hungary the most corrupt and second poorest member state” in the European Union, Péter Magyar, the party’s deputy leader, said in Brussels.
Budapest Is Bankrupt, Finance Minister Announces

Budapest Is Bankrupt, Finance Minister Announces

The municipal court of appeals of Budapest has ruled that the city of Budapest cannot be exempted from certain tax payments, the finance minister said on Facebook on Tuesday, adding that the treasury had already collected 2 billion forints (EUR 5m) in tax arrears from the city’s account.
Watch: NATO Accepts Hungary's Non-Participation in Ukraine Operations

Watch: NATO Accepts Hungary's Non-Participation in Ukraine Operations

NATO accepts Hungary’s position under which the country does not wish to participate in military or financial efforts towards supporting Ukraine, while Hungary would not block such NATO efforts, Secretary General Jens Stoltenberg said after talks with Prime Minister Viktor Orbán in Budapest on Wednesday.
Value of Hungary’s Startup Ecosystem Exceeds USD 2 Billion

Value of Hungary’s Startup Ecosystem Exceeds USD 2 Billion

Hungary’s startup ecosystem was valued at $2.4 billion between July 1, 2021 and December 31, 2023, some 41% higher than in the previous two-year period, according to a joint study by the National Innovation Agency and Startup Genome, an organisation that focuses on helping startup communities globally.
Up to 20,000 Hungarians Live in Ireland, Despite National Disagreements on Key Political Issues

Up to 20,000 Hungarians Live in Ireland, Despite National Disagreements on Key Political Issues

Though the two countries disagree on several issues, “successful economic cooperation” between Hungary and Ireland provides a good foundation for political dialogue, Péter Szijjártó, the minister of foreign affairs and trade, said in Dublin.
May Surplus Brings Budget Deficit to HUF 2,548 Billion In Hungary

May Surplus Brings Budget Deficit to HUF 2,548 Billion In Hungary

A 49 billion forint surplus (EUR 120m) for May brought Hungary’s cash flow-based general government deficit to 2,548.5 billion forints at the end of the month, the finance ministry said in a preliminary release of data.
Record Net Profit in Q1 Reported by Banks in Hungary

Record Net Profit in Q1 Reported by Banks in Hungary

The unconsolidated net profit of Hungarian banks was up 26% year-on-year to a record Ft 499 billion in the first quarter, largely driven by foreign dividend income and the halving of the extra profit tax, according to data from the MNB.
Fruit Harvest Promises Favourable Pálinka Season in Hungary this Year

Fruit Harvest Promises Favourable Pálinka Season in Hungary this Year

This year's fruit harvest promises a good pálinka season, with the professionals expecting a more favorable year; after last year's decline, this year's volume is expected to exceed 600,000 hectoliters.
Third Investor in Budapest Airport Possible so that a Third Terminal Can Open Asap

Third Investor in Budapest Airport Possible so that a Third Terminal Can Open Asap

The Hungarian state, as a financial and strategic investor, will be the one to decide on the development of Budapest’s Liszt Ferenc International Airport, the national economy minister said.
'Hungary Most Corrupt & 2nd Poorest State in EU', Says Magyar - Who Will Take EP Seat

'Hungary Most Corrupt & 2nd Poorest State in EU', Says Magyar - Who Will Take EP Seat

The opposition Respect and Freedom (Tisza) Party’s priority is to “take our country back” from the government “which made Hungary the most corrupt and second poorest member state” in the European Union, Péter Magyar, the party’s deputy leader, said in Brussels.
Budapest Is Bankrupt, Finance Minister Announces

Budapest Is Bankrupt, Finance Minister Announces

The municipal court of appeals of Budapest has ruled that the city of Budapest cannot be exempted from certain tax payments, the finance minister said on Facebook on Tuesday, adding that the treasury had already collected 2 billion forints (EUR 5m) in tax arrears from the city’s account.
Watch: NATO Accepts Hungary's Non-Participation in Ukraine Operations

Watch: NATO Accepts Hungary's Non-Participation in Ukraine Operations

NATO accepts Hungary’s position under which the country does not wish to participate in military or financial efforts towards supporting Ukraine, while Hungary would not block such NATO efforts, Secretary General Jens Stoltenberg said after talks with Prime Minister Viktor Orbán in Budapest on Wednesday.
Value of Hungary’s Startup Ecosystem Exceeds USD 2 Billion

Value of Hungary’s Startup Ecosystem Exceeds USD 2 Billion

Hungary’s startup ecosystem was valued at $2.4 billion between July 1, 2021 and December 31, 2023, some 41% higher than in the previous two-year period, according to a joint study by the National Innovation Agency and Startup Genome, an organisation that focuses on helping startup communities globally.
Up to 20,000 Hungarians Live in Ireland, Despite National Disagreements on Key Political Issues

Up to 20,000 Hungarians Live in Ireland, Despite National Disagreements on Key Political Issues

Though the two countries disagree on several issues, “successful economic cooperation” between Hungary and Ireland provides a good foundation for political dialogue, Péter Szijjártó, the minister of foreign affairs and trade, said in Dublin.
May Surplus Brings Budget Deficit to HUF 2,548 Billion In Hungary

May Surplus Brings Budget Deficit to HUF 2,548 Billion In Hungary

A 49 billion forint surplus (EUR 120m) for May brought Hungary’s cash flow-based general government deficit to 2,548.5 billion forints at the end of the month, the finance ministry said in a preliminary release of data.
Record Net Profit in Q1 Reported by Banks in Hungary

Record Net Profit in Q1 Reported by Banks in Hungary

The unconsolidated net profit of Hungarian banks was up 26% year-on-year to a record Ft 499 billion in the first quarter, largely driven by foreign dividend income and the halving of the extra profit tax, according to data from the MNB.