Magyar English News (RSS 2.0)

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Hungarian Chamber of Commerce



Residential Real Estate in Hungary Set to Grow

March 23. 2018.


Hungary is popular location among small companies and international corporations who want a base in Central Europe.... Investors believe that Hungary’s property market is a good investment and expect local residential property prices to continue rising for at least a decade. According to Hungarian media outlet Origo, every fifth property transaction in the country involves foreign buyers, who are mainly from China, Russia and Ukraine. More...

Magyar Suzuki Launches HUF 5.3 bln R&D Project

March 22. 2018.

Budapest Business Journal

Magyar Suzuki, the Japanese car makerʼs Hungarian unit, on Wednesday announced the launch of a HUF 5.3 billion R&D project to produce vehicle prototypes and more efficient production technologies, state news wire MTI reported.  More...

Czech Investment Firm Buys Telenor’s units in Central and Southeast Europe

March 21. 2018.

bne IntelliNews

Telenor has agreed to sell its subsidiaries in Bulgaria, Hungary, Montenegro and Serbia to Czech investment group PPF Group for €2.8bn, it was announced on March 21. The transaction is expected to be completed within Q3 2018 and requires regulatory approval. The company has some 10mn customers in the four markets – 3.4mn in Bulgaria, 3.3mn in Serbia and Montenegro, and 3.1mn in Hungary – or 5.5% of its total base, but the company has lost 1mn subscribers in the last three years. More...

EU Tightens Labor Laws Despite Polish, Hungarian Opposition

March 20. 2018.


The European Union said on Tuesday that the right of citizens from poorer member states to work in richer ones on a low salary would be limited to 18 months under a reform of the bloc’s labor laws sought by France. More...

Erbslöh to Expand Capacity in Hungary

March 19. 2018.

Erbslöh Hungária, a unit of German automotive group WKW, will spend HUF 14 billion to build a 1,500 square-meter production hall and install new surface treatment technology, increasing capacity, in Győr (121 km northwest of Budapest). More...

PwC Survey: Hungarian CEOs Lean Towards Optimism

March 23. 2018.

PwC Press Release

For Hungarian companies, Germany remains the most important target for market growth, while Romania has climbed to second place in one year. CEOs are optimistic about the future, despite major challenges such as a labour shortage, changing workforce demographics, and an increasing tax burden on labour. More...

Chinese Solar Power May Brighten Future for Europe

March 22. 2018.

The European Union’s scientific research centre has explored the idea of linking the power grids of Europe and China, in order to tap into the immense clean energy potential of the Middle Kingdom and the countries of Central Asia. The transcontinental electricity link would be monumental, stretching anything from 5,000 to 8,000 kilometres. Another objective of the projected with an estimated cost of EUR 15-28 billion is to lower Europe’s energy dependence on Russia. The study draws up three potential routes, two of which would include Hungary, as well. More...

BSE: The Gateway to Emerging Europe

March 20. 2018.

MasterInvestor / By

The Budapest Stock Exchange (BSE) is the main trading venue for Hungarian stocks and provides investment opportunities to the fastest growing part of the EU, the Central and Eastern European region (CEE). ... Master Investor spoke to Richárd Végh, the CEO/Chairman of the Budapest Stock Exchange, about the past, present and future of this market and what it means for private investors from Britain. More...

NATS Seals HungaroControl Co-operation Deal

March 19. 2018.

Air Traffic Management

The UK-based air traffic services provider NATS has signed an agreement with its Hungarian counterpart HungaroControl to collaborate on digital tower projects around the world. The framework agreement brings together two of the world’s leading air navigation service providers in the development and application of digital tower technology. More...

Insurers See Premium Revenues Climb 7% in 2017

March 16. 2018.

Hungarian News Agency via

Hungarian insurersʼ combined revenues from premiums rose 7% to HUF 948.1 billion last year, data released by the National Bank of Hungary (MNB) on Wednesday show, cited by state news wire MTI. Insurance companiesʼ after-tax profits rose 25% to HUF 64.5 bln in 2017. More...