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Hungary Portal
Briefing you for business across the globe

Extract from the Briefing covering the period 25/03/2005-15/05/2005

Foreign Trade Virtually Stagnates

Agriculture Minister Imre Németh was sacked and József Gráf was named his successor by Prime Minister Ferenc Gyurcsány. The Prime Minister said that a leader with superior manager skills was needed to...

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Extract from the Briefing covering the period 10/02/2005-24/03/2005

National Economy Investments Increase in 2004

The Central Statistical Office said it expected real estate will decline in its role as a growth driver in 2005, as supply adjusts to decreasing demand (the high base will also contribute to that end)...

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Extract from the Briefing covering the period 14/12/2004-09/02/2005

EU Deficit Target Reached in 2004

The country became the second of the EU new member states to ratify the Union's constitution after parliament voted overwhelmingly to back the text, which aims to streamline the workings of the 25...

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Extract from the Briefing covering the period 04/11/2004-13/12/2004

Citizenship Referendum Fails Due to Low Turnout

A report by consultancy company Ernst and Young has indicated that the country was in the number one position for the region during the first half in terms of new projects funded with foreign capital....

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Extract from the Briefing covering the period 25/09/2004-03/11/2004

Discontent from Opposition over Budget

Japan and Hungary agreed to boost efforts to help reconstruct Iraq and reform the UN, and are planning to set up a joint panel aimed at boosting bilateral ties. Prime Minister Junichiro Koizumi and Pr...

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Extract from the Briefing covering the period 13/08/2004-24/09/2004

Economy More Dependent on Exports

The Monetary Council of the central bank (MNB) left the base rate unchanged at 11.00%, in line with analyst expectations, following the Council's last change to interest rates that occurred in mid...

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Extract from the Briefing covering the period 28/06/2004-12/08/2004

Premier Attempts to Dissuade Justice Minister's Resignation

The government announced the privatisation of its financially troubled national carrier, Magyar Légiközlekedési Rt (MALÉV) after 14 years of keeping it buoyant with taxpayers' money. "The gov...

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Extract from the Briefing covering the period 24/05/2004-08/07/2004

Government and Unions Agree on Wage Goals

According to the National Elections committee, the opposition Fidesz-Hungarian Civic Union will send 12 deputies to the European Parliament, with the governing Socialist Party sending nine. The Allian...

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