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Hungarian Chamber of Commerce



IEER Monthly Bulletin of Economic Trends - November-December

December 15. 2017.

Institute of Economic and Enterprise Research

Two interesting subjects in the current edition of the Bulletin: first the results of IEER's Business Climate Survey. The responses of over three thousand company executives indicate moderate optimism among business leaders. In the second part IEER investigate the possible impacts of automation on the labour market. This study may provide a reliable ground to officials working on the restructuring of the Hungarian vocational training system. Read details in the attached document.

Tesla Wooed by Hungary With Tax Breaks, Report Says

December 15. 2017.

Automotive News Europe / - Reuters

Hungary's foreign minister has met Tesla executives during a tour of Silicon Valley and explained to them the tax breaks and other incentives offered to automakers in the eastern European country, national news agency MTI reported. More...

TRAVEL: Five Things to Do in Budapest for an Enchanted Winter City Adventure

December 14. 2017.

Argophilia /

A city with pulsating nightlife, charming parks, stunning architectural landmarks, and museums that will inspire, surprise and even provoke, Budapest is a year-round destination. Somehow, Budapest managed to rank among Condé Nast Traveler’s Paul Rubio’s The Best Places to Go This Winter and it’s the only European destination to make the list. More...

Family Donates Szapáry Bequests to National Museum

December 13. 2017.

source: MTI

Former Ambassador to Washington and National Bank Vice President György Szapáry and Benedek Varga National Museum Director (left) at a press viewing of an invaluable collection of paintings, photographs and historic documents donated to the National Museum by members of the old noble Szapáry family. (MTI Photo Tibor Illyés)

Five things you (probably) didn’t know about the EU’s “Lagging regions”

December 12. 2017.

The World Bank

Economic growth does not evenly spread within countries: some regions benefit, while other regions lag behind. This is as true in the European Union (EU) as in most other parts of the world, despite significant convergence efforts in the EU. The leading regions in Europe have, on average, 2.3 times the GDP per capita of their poorest counterparts. More...

Another Week, Another EV Battery Factory Announced In Hungary

December 15. 2017.

Seeking Alpha / Zoltán Bán

Japanese company GS Yuasa Corp just announced it will build an EV battery plant in Hungary.  It is the third company to decide on such an investment in Hungary. A number of other investments into EV capacity in Hungary and other East European countries suggests European car makers are gearing up to produce high volumes at lower cost. More...

MACDON to be Acquired by Hungarian Equipment Manufacturer Linamar

December 15. 2017.

Linamar Press Release via

Linamar Corp. (TSX:LNR) today announced that it has entered into a definitive agreement to acquire 100% of the outstanding equity interests of MacDon and its Group of Companies for an aggregate purchase price of C$1,200 Million, less the assumption of small transaction related expenses, and subject to certain customary adjustments.More...

Pannonhalmaʼs Benedictines Enter Hotel Business

December 14. 2017.

A 300-year-old building complex that is part of the Benedictine Archabbey of Pannonhalma, a UNESCO World Heritage Site in northwest Hungary, is to be expanded into a four-star hotel through an investment of HUF 5 billion. The government will support the project with a HUF 2.95 bln grant. More...

One Planet Summit: Presidents Of Hungary, France Discuss Paris Climate Accord

December 13. 2017.

Hungary Today

Hungarian President János Áder held consultations with French counterpart Emmanuel Macron on implementation of the Paris climate accord on Tuesday, before the opening of the One Planet Summit. More...

Hungarian Startup receives Czech Investment

December 12. 2017.

Budapest Business Journal

Petr Kellner, the wealthiest businessman in the Czech Republic, will invest EUR 6 million in Barion Payment Zrt., a Hungarian online and mobile payment startup. The management of Barion will remain in place, according to a report published by online news portal More...