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The International Court of Arbitration in Washington Again Ruled in Favour of Hungary

Ministry of National Development, December 6, 2012 5:50 PM

In its ruling of 30 November 2012, the International Centre for Settlement of Investment Disputes (ICSID) rejected a significant part of the claims of the lawsuit filed by Electrabel SA against Hungary.

Agreement concluded between the Vice President of the European Investment Bank and the Minister for National Economy

Ministry for National Economy, December 6, 2012 5:46 PM

Minister for National Economy György Matolcsy and EIB Vice President Wilhelm Molterer have signed two project financing contracts amounting altogether to 560 million EUR to support the Hungarian economy.

Successful fund-raising of Eximbank

Ministry for National Economy, December 6, 2012 5:43 PM

The Ministry for National Economy as majority shareholder welcomes the first, successfully concluded phase of the bond issuance programme of the Hungarian Export-Import Bank Zrt. (Eximbank).

Plans to strengthen energy security and lower utility costs

Prime Minister’s Office, December 6, 2012 4:20 PM

On 12 December, the Government will approve an agreement on the purchase of E.ON's gas business in Hungary, Minister of State heading the Prime Minister's Office János Lázár said on Thursday.

Government to agree with municipal councils on debt takeover by spring

Prime Minister’s Office, December 6, 2012 11:48 AM

The Government wishes to reach an agreement with municipal councils regarding debt takeover by spring 2013, Deputy Prime Minister Zsolt Semjén stated on Wednesday at a press conference with Mayor of Eger László Habis.

Intensive Anti-Corruption Campaign Underway in Hungary

Ministry of Public Administration and Justice, December 6, 2012 9:57 AM

The leaders of the Ministry of Public Administration and Justice, the Curia, the National Office for the Judiciary, the General Prosecutor's Office and the State Audit Office have been jointly assessing the anti-corruption measures of the past year. The organisations issued a joint declaration last year in which they undertook to achieve coordinated and effective action against corruption. Transparency International has also acknowledged an improvement of the situation.

Hungarian PRT Begins Withdrawal from Afghanistan

Ministry of Defence, December 5, 2012 4:53 PM

The Hungarian Provincial Reconstruction Team (HUN PRT) has started withdrawing from Afghanistan; the development projects will be terminated and certain pieces of military equipment will be moved back home – Col. Antal Sipos, the commander of the last PRT told the special correspondent of Hungarian News Agency MTI in Camp Pannonia, the base of the HUN PRT on Wednesday, December 5.

Atmosphere of NATO-Russian Cooperation Is Improving, Says Minister Martonyi

Ministry of Foreign Affairs, December 5, 2012 4:25 PM

„The atmosphere of NATO-Russian cooperation has improved significantly”, Hungary's Foreign Minister said on Tuesday evening, after the meeting of NATO foreign ministers with their Russian colleague Sergey Lavrov.

Plans to reduce household gas and electricity bills by 10%

Prime Minister’s Office, December 5, 2012 3:43 PM

Government spokesman András Giró-Szász stated on Wednesday that the Ministry of National Development had been asked to work out the conditions under which a 10% cut could be implemented in the case of gas and electricity prices.

Hungarian Embassy in Syria Suspends Its Operation

Ministry of Foreign Affairs, December 5, 2012 1:49 PM

Due to the critical situation in Syria, Hungary suspended the activity of its Embassy in Damascus as of December 5, 2012, and all Hungarian diplomats have left Syria. As a result, the handling of consular affairs and visa issuances also terminated.