In comparison to the corresponding period of the previous year, the retail sector expanded by 5.2 percent in October, and by 5.1 percent in the first ten months of the year. Thus, Hungary’s retail sales turnover has been rising for the sixteenth consecutive month. This indicates that turnover growth will persist, as refunds by banks and the phasing out of foreign currency loans can further fuel growth.
Wages in real terms were 3.7 percent higher in October and thus the positive upward trend which has been in place for 22 consecutive months continued, as the latest data released by the Hungarian Central Statistical Office (KSH) show.
A close cooperation with China is Europe’s vital interest and it is a great success that a major Chinese bank has chosen Budapest as the location for its Central and Eastern European regional headquarters – Minister of Foreign Affairs and Trade Péter Szijjártó stated at the opening ceremony of the Budapest branch of Bank of China.
The Government has requested the Hungarian National Bank to strengthen and reorganize the recently nationalized MKB Bank, Prime Minister Viktor Orbán announced on Thursday.
By signing the agreement on the construction of the Budapest-Belgrade rail line, we have reached the most important milestone of the cooperation between the EU and China, Prime Minister Viktor Orbán underlined after the signing ceremony held on Wednesday in Belgrade.
The EU’s environment ministers met in Brussels on 17 December 2014. The Hungarian delegation was led by Parliamentary State Secretary Dr. István Nagy.
People who incite hatred can expect the Hungarian legal system to not leave their actions unpunished, Minister in Charge of the Prime Minister’s Office János Lázár declared following a session of the Jewish Community Roundtable on Wednesday.
As of 15 March 2015 a day of rest will be introduced in the Hungarian retail sector. The aim of the legislation is not to keep shops closed, but to allow everyone to have the last day of the week off.
Minister for National Economy Mihály Varga presented the “Investor of the Month” award to Nemak Győr Alumíniumöntöde Ltd; while Hidrofilt Vízkezelést Tervező és Kivitelező Ltd was awarded the “SME of the Month” title, and in the category of “Startup of the Month” the Minister handed the award to Indivizo Ltd at a ceremony held in the building of the Ministry for National Economy in Budapest.
Hungary, Serbia and China will sign the agreement on the modernisation of the Budapest-Belgrade railroad on Wednesday, thanks to which the transit route will be constructed, which allows the fastest transportation of Chinese goods form Greek harbours to Europe, Prime Minister Viktor Orbán announced at the Central Eastern Europe-China summit in Belgrade.