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Péter Szijjártó pledges to lay foundations of new foreign policy

Hungarian diplomacy will focus on enforcing the country's economic interests in the most effective way possible, new Minister of Foreign Affairs and Trade Péter Szijjártó said on Wednesday.

Hungary is one of the biggest winners of the next development cycle

Nine calls will be published at the beginning of October with a total allocation of HUF 120 billion from EU development funds made available for the multi-annual planning period between 2014-2020.

Péter Szijjártó takes oath as foreign minister

Minister of Foreign Affairs and Trade Péter Szijjártó has sworn in today in Parliament.

A new era to begin in Hungary’s business life

Pharmaceutical company Béres opened its new manufacturing division, the total cost of which was in excess of half a billion forints. The inauguration ceremony was addressed by Viktor Orbán.

Leading news

Export is the key element of lasting growth

Ministry of Foreign Affairs and Trade, October 1, 2014 4:24 PM

Lasting economic growth could be achieved by Hungary in 2014, with export being the major contributing factor, said Minister of Foreign Affairs and Trade Szijjártó Péter at the conference ‘Export expansion: where, how, what?’, organized by the newspaper Világgazdaság in Budapest this Tuesday.

MKB Bank is now part of national assets

Ministry of National Development, October 1, 2014 11:24 AM

The sale and purchase transaction between the old and new owner of MKB Bank was completed successfully and according to plans on 29 September, 2014. Pursuant to the agreement signed between Bayerische Landesbank and the Hungarian Minister of National Development representing the Hungarian State, the bank was brought into national ownership. The Government aspires to extend Hungarian ownership in the banking system, whereby the Hungarian population and enterprises become less exposed to banks in terms of financial services.

Hungarian unemployment rate well below EU average

Ministry for National Economy, October 1, 2014 8:58 AM

Eurostat data show that Hungary’s unemployment rate fell to 7.8 percent. Over the past year, Hungary’s drop in unemployment was the largest among the EU28. The unemployment rate averaged 11.5 percent among 18 eurozone member states, while it was 10.2 percent in the entire EU.

Land for Farmers Programme continues

Ministry of Agriculture, September 30, 2014 7:06 PM

The Land for Farmers Programme is continuing, within the framework of which a further 24 thousand hectares of state-owned land will now be made available to farmers, The Ministry of Agriculture’s Minister of State for State Lands announced.

Vehicle manufacturing sector expanded by 32 percent in 2013

Ministry for National Economy, September 30, 2014 10:48 AM

The year of 2013 brought about a positive U-turn also within the vehicle manufacturing sector, as output in this division grew by 32 percent and the number of new jobs was up by 2000, Minister for National Economy Mihály Varga said in Kecskemét, at the Deloitte car industry conference entitled “Innovation.Incubation.Financing.”

Minister of Interior bans racist conference

Ministry of Interior, September 29, 2014 6:25 PM

The US-based extremist and nationalist international “white supremacy” organisation, the National Policy Institute (NPI), is organising a conference in the Hungarian capital together with Russian radical figures.

Successful issuance of Eximbank bonds

Ministry for National Economy, September 29, 2014 3:27 PM

Minister for National Economy Mihály Varga said he considers it a sign of confidence in the country that Eximbank last week issued another batch of five-year bonds for USD 500 million on international markets. Investors lending money for a state bank for five years certainly trust the economy of that country, he added.

Higher education receives nearly HUF 7 billion for debt consolidation

Ministry of Human Capacities, September 29, 2014 6:00 PM

The Higher Education Restructuring Fund will distribute HUF 6.76 billion (EUR 26.4 million) to 12 higher education institutions this year to help them reduce their debts, Minister of Human Capacities Zoltán Balog said at a Budapest press conference on Monday.

Prime Minister orders banning of racist conference

The Prime Minister, September 29, 2014 12:06 PM

On Sunday, Prime Minister Viktor Orbán instructed Minister of Interior Sánodr Pintér to use every legal means at his disposal to prevent an extremist and racist conference from taking place in Budapest between October 3 and 5.