News in Brief
Illés: Exports and investments pave the way for Hungary's economic success
Hungary is the world's 34th biggest exporter, even though it is just the 95th biggest country in terms of population.
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News in Brief
FM: New government program to encourage Hungarian businesses to invest profits at home
The government is preparing a program offering various incentives to encourage Hungarian companies to invest their foreign-generated profits in a capacity expansion at home.
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FM: Hungary welcomes 55% increase in trade with Iran
A 45% increase in the volume of bilateral trade with Iran last year — and 55% this year — was thanks to the increase in Hungarian textile and pharmaceutical exports...
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Hungarian exports set to reach the 100 billion euro landmark for the first time
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...
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Hungary is interested in increased international cooperation with China, says economy minister
Hungarian-Chinese trade relations are strong and bilateral trade turnover exceeded 7.1 billion USD last year, up 8.2 percent from 2015
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President Áder highlights the importance of small and medium-sized enterprises when building economies
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
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Hungarian exports grow by almost 50% in 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
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Hungary reports a 1.06 billion euro trade surplus in June
The trade surplus amounted to 5.377 billion euros for January-June, down 41 million from the same period last year
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Hungary to build economic relations with Egypt
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
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Hungary and the OECD throw small and medium businesses a lifeline to encourage growth
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
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Hungary builds relations with the United States
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
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Hungary says that in order to restore political and social support for international free trade agreements national and global interests must be harmonized
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
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The Paks nuclear power plant upgrade is “the largest ever development project” in Hungary's economic history
"It is good news that Hungarian-Russian economic cooperation has started to flourish again," Hungary's foreign minister said