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Hungarian E-tail Generates HUF 427 bln in 2016

June 26. 2017.

Budapest Business Journal

Hungary’s online retail trade generated HUF 427 billion in turnover in 2016, more than 5% of the total national retail trade volume, signalling a dynamic expansion of the online sector, reveals a recent report by eNET Internet Research based on responses from web stores. The research results were announced at the 14th Hungarian E-commerce Conference in Visegrád. More...

Hungary In ‘No Rush’ To Join Eurozone, Says Varga

June 23. 2017.

bbj.hu

Hungarian economic policy cannot abandon its long-term intention of joining the eurozone, but there is no rush, Minister for National Economy Mihály Varga said Thursday at an event organized by the Joint Venture Association (JVSZ), state wire service MTI reported. More...

EXPERT ANALYSIS - SSCs And BSCs: An Explainer

June 22. 2017.

bbj.hu

You come across the term Shared Services Center (SSC) or Business Services Center (BSC) ever more often now. Large multi-unit enterprises have been setting up centers for shared services since the mid-1980s, first in the United States, and then increasingly around the globe since the early 1990s.  More...

STATISTICAL UPDATE: Earnings Increased by 12 % in First Four Months

June 21. 2017.

Central Statistical Office

In the first four months of the year, both gross and net earnings grew by 11.9% compared to the same period of the previous year. Rises of 15% in the minimum wage and 25% in the guaranteed minimum wage as well as salary adjustments affecting specific areas of the public sector and the employees of state owned public service companies had an impact on earnings growth. More...

Expansion of Europe’s Largest Turbine Blade Manufacturing Plant

June 21. 2017.

HIPA Press

Siemens Power and Gas extends its product portfolio in Hungary by starting up the high-tech manufacturing of hot-side turbine blades. As part of the EUR 32 million worth expansion creating at least 150 high added-value jobs, construction of a 10,000 square-metres manufacturing hall has just started. More...

Budapest Public Transportation to Launch Direct Bus from Airport to City Center

June 26. 2017.

Hungary Today

News site Index reports that BKK (the Centre for Budapest Transport), which oversees public transportation in the Hungarian capital, has announced that there will soon be a direct bus line between the city’s Deák Ferenc Square and Ferenc Liszt International Airport. More...

CJEU Rules Hungary’s Online Gaming Uncompatible With EU Law

June 23. 2017.

iGamingBusiness

The Court of Justice for the European Union (CJEU) has ruled that Hungary’s online gambling licensing regime unlawfully excluded EU-licensed operators from the country’s licensing process. Kindred Group’s Unibet brand had brought the case to court, arguing that the country’s new rules were discriminatory because international operators were unable to meet Hungary’s conditions for online licensing. More...

PROPERTY: These Are Lake Balaton’s Most Popular Places Among Property Buyers

June 22. 2017.

Hungary Today

“For me, Lake Balaton is the Riviéra”, reads the old Hungarian song. Indeed, as the summer season is here, market demand for lakeside resort houses at Lake Balaton increasingly grows, news portal origo.hu reported. More...

Hungary’s Net External Financing Capacity At 5% of GDP in Q1

June 21. 2017.

bbj.hu

Adjusted for seasonal effects, Hungaryʼs net external financing capacity - the combined surplus of the current and capital accounts - was EUR 1.352 billion or 5% of quarterly GDP in the first quarter, preliminary balance of payment data published today by the National Bank of Hungary (MNB) show, according to state news agency MTI. More...

The Energy Union Tour: Focus On Hungary

June 20. 2017.

Neftegaz.ru

The next leg of the Energy Union tour started on June 19, 2017 in Hungary. European Commission Vice-President for Energy Union Maroš Šefčovič met citizens and discussed the EU's plan to help provide Europe with secure and clean energy. More...