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Hungary, Serbia, and Slovenia Forge Regional Electricity Exchange for Enhanced Energy Cooperation

The strengthening of the energy ties between the three neighbouring countries is set to enhance the efficiency and profitability of trading and reinforce Hungary’s energy sovereignty….

Shifts in Employment Patterns: Hungary’s Workforce Statistics for November

The Central Statistical Office released its data for the month of November 2023. The press release pointed out that the number of employed individuals reached 4,736,000 in Hungary….

Competition in the Digital Era: GVH Investigates Artificial Intelligence’s Influence on Consumer Vulnerability

As it was pointed out by the Hungarian Competition Authority, the extraordinary resources required for AI technology are presently monopolized by the largest technological giants, potentially distorting market competition in digital sectors in the future….

The Force Is with Him

Gábor Nagy, winner of international awards, started to grow chili peppers twelve years ago for fun, prompted by a habanero. An interview about re-learning the concept of hot….

Hungarian-American Chamber of Commerce Commences Operations in Chicago

The establishment of the Hungarian-American Trade Chamber–Chicago was underscored as a pivotal moment in promoting Hungarian-American economic collaboration….
Housing (illustration)

An Analysis on the Benefits of the Newly Announced CSOK Plus Housing Scheme

Unlike the existing conditions, CSOK Plus does not distinguish between new and used residential properties. New homes are generally more expensive, which means that the same amount of money will buy a smaller property. However, the good news for buyers…

MBH Investment Bank Launched in Attempt to Redefine Financial Frontiers

At the launch event, Finance Minister Mihály Varga highlighted that the combined market share of MBH and OTP, Hungary’s two largest banks, now far exceeds the share of foreign banks operating in the country….

Gazprom Increases Gas Deliveries to Hungary and China, Seeking New Markets

Gazprom is making efforts to compensate for the losses in the European markets, which occurred following the Russian invasion of Ukraine, partly due to the explosions in the Baltic Sea pipelines of the Nord Stream project….

Privatization of MÁV Vagon: A Major Transformation in Hungary’s Railway Vehicle Industry

Magyar Vagon Ltd. is affiliated with the President and CEO of MOL, Zsolt Hernáda, who, as of the 2023 edition of the list, is the seventh most influential individual in Hungary….

Inflation: Europe’s Feverish Economy

It is important to remember that, compared to the stable period of 2017–2018, some 80 per cent of the rise in inflation in Hungary could be attributed to external circumstances, and only 20 per cent to strictly domestic reasons. Taking…

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