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Investment illustration (Pixabay)

S&P Maintains Hungary’s BBB Rating, Assesses Financial Outlook as ‘Stable’

The global credit rating agency expects Hungary’s ‘fiscal slippage’ in 2023 to be temporary, and projects the country’s GDP to grow by 2.6 per cent in 2024, after it shrank by 0.5 per cent in 2023….
Hungarian Foreign Minister Péter Szijjártó and his UAE counterpart Sheikh Abdullah Bin Zayed in Abu Dhabi on 12 November 2018

Two Critical Visits to Open New Stage of Hungarian⁠–⁠UAE relations

The recent signing of a military and defence industry cooperation agreement between Hungary and the United Arab Emirates introduces a new dimension to their bilateral relations. Hungary’s status as a NATO member, combined with the UAE’s robust partnership with the…
Péter Szijjártó speaking in the Parliamentary Assembly of the Council of Europe on 19 June 2023.

Szijjártó: ‘Witch Hunt’ Against Hungarian Companies Continues in Ukraine

The Ukrainian government is working on blacklisting 14 products by the Hungarian pharmaceutical company Richter. Foreign Minister Péter Szijjártó believes that this has no professional basis, only political, and spoke up against the planned bannings at the EU foreign ministers’…

A Trial, Economic Woes, and War: How the 2024 US Election Stands As of Now

Former President Trump’s criminal trial has begun in Manhattan, which some polling data suggests could cost him his victory in the presidential election in November. However, President Biden is not in a great position either as the economy and the…

Thirteen Hungarian Companies Among the Thousand Fastest-Growing in Europe

The financial software developer Taxually, the manufacturing company Continest, and the logistics and transportation company United Shipping Hungaria have even made the top 100 on the Financial Times’ list. Minister of National Economy Márton Nagy hosted the top executives of…

Disney Stock Tanks as Company Reelects Woke Board

Conservative investor Nelson Peltz was trying to get new members elected to the board of directors at the 3 April shareholders meeting and thus steer the company away from their woke agenda, to no avail. The same woke board members…

Hungary Leads the Way in Green Economy, Government Commissioner States

‘Green energy production, storage, utilization, and recycling: this is how the green economy is built, of which Hungary is a leader in the world, not a follower’, Government Commissioner László György stated in Debrecen, encouraging citizens to fill in the…

Iconic Hungarian Chocolate Brands in Hungarian Ownership Again: Cerbona Acquires Nestlé Trademarks

According to the joint statement of the two companies released on Tuesday, Hungarian Cerbona has acquired the trademarks of Boci, Melba, and Párizsi kocka. The transaction will be finalized on 22 May 2024; until then, Nestlé will continue to manufacture…

Government Expects Sustainable Growth and Competitiveness in 2024

Minister for National Economy Márton Nagy presented the new competitiveness strategy for 2024⁠–⁠2030 adopted by the government at a press conference held in Budapest on Monday. According to him, economic growth between 2 to ⁠3 per cent is expected this…
Young couple looking at the screen of a laptop in a park.

Hungarian Government Launches Programme to Boost Youth Employment

Under the new scheme, the state will cover 50 per cent of the employee’s salary for four or six months. If the workplace is more than 60 kilometres away from the place of residence, rental support up to 70 per…

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