News in Brief Hungarian exports set to reach the 100 billion euro landmark for the first time Dec 05, 2017 The foreign minister said the government seeks to improve export possibilities for Hungarian companies worldwide and to entice foreign companies to invest in Hungary in an ever more competitive international environment
News in Brief Hungary is interested in increased international cooperation with China, says economy minister Nov 27, 2017 Hungarian-Chinese trade relations are strong and bilateral trade turnover exceeded 7.1 billion USD last year, up 8.2 percent from 2015
News in Brief President Áder highlights the importance of small and medium-sized enterprises when building economies Oct 26, 2017 The Hungarian government’s goals is to radically increase the weight of small and medium-sized enterprises in exports. The economy is heavily dependent on foreign trade, with a current export-to-GDP ratio of over 90 percent
News in Brief Hungarian exports grow by almost 50% in 2017 Oct 04, 2017 Hungary’s economy has been gaining strength since 2010. Unemployment is currently the 4th lowest within the EU, the rate of GDP growth is amongst the highest, and the volume of investment increased by 25 percent during the first six months of this year
News in Brief Hungary reports a 1.06 billion euro trade surplus in June Aug 08, 2017 The trade surplus amounted to 5.377 billion euros for January-June, down 41 million from the same period last year
News in Brief Hungary to build economic relations with Egypt Jul 04, 2017 The prime minister welcomed Egyptian President Abdul Fattah al-Sisi in Budapest on Monday, where the pair discussed Hungarian-Egyptian relations, and building bilateral and economic partnerships
News in Brief Hungary and the OECD throw small and medium businesses a lifeline to encourage growth Jun 27, 2017 The government is taking various measures to speed up the process so that Hungarian SMEs can partner with international companies, primarily through Hungarian supply networks
News in Brief Hungary builds relations with the United States Jun 15, 2017 Mihály Varga, minister for National Economy, met with Indiana Governor Eric J. Holcomb and Indiana Secretary of Commerce Jim Schellinger to discuss economic partnerships and building bilateral relations
News in Brief Hungary says that in order to restore political and social support for international free trade agreements national and global interests must be harmonized Jun 09, 2017 Péter Szijjártó, minister of Foreign Affairs and Trade, emphasized the openness of the Hungarian economy and how the nation constantly looks at international agreements to boost economic performance
News in Brief The Paks nuclear power plant upgrade is “the largest ever development project” in Hungary's economic history Jun 02, 2017 "It is good news that Hungarian-Russian economic cooperation has started to flourish again," Hungary's foreign minister said
News in Brief PM Orbán: Talks with China are much more "cheerful" than those with Brussels May 19, 2017 The role of China in the global economy is to grow considerably in the coming decades. It is “excellent news” that Hungary was among one of the countries to be a part of this, PM Orbán said
News in Brief The United States has become Hungary's number one export market outside the EU Apr 06, 2017 1,710 American companies are employing some 100,000 people in Hungary, and Dana Hungary Limited’s new 13,000 square meter factory in Győr, which is being built with an investment of 46 million euros, would serve to further reinforce Hungarian-American economic cooperation
News in Brief Hungarian foreign minister meets President of the Philippines to sign co-operation agreement Mar 28, 2017 Hungary and the Philippines will sign a cooperation agreement, where Hungary “will open a 510 million euro credit line to boost its exports to the Philippines
News in Brief Hungary's exports increased by 8 percent in December Mar 03, 2017 In December 2016, the export volume increased by 8 percent and the import volume by 7.7 percent
News in Brief Hungary's exports and foreign trade surplus at a record high Jan 10, 2017 Statistics show that for the first eleven months of 2016 exports were 2.7 percent higher than in 2015, the previous record year
News in Brief Hungary's GDP increases by 2.6 percent Sep 06, 2016 Hungary’s GDP is currently 10 percent higher than its 2010 level and ranks among Europe's leading economic growth rates