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Two-thirds of existing service centres are considering further expansion in Hungary

Prime Minister’s Office, February 27, 2014 3:56 PM

More and more production companies are establishing their service centres in Hungary, and two thirds of them are considering further investment. The almost 80 such centres already operating in the country employ more than 30 thousand people. According to Ernst & Young’s SSC report, the majority of companies regard Hungary's qualified workforce and high level of expertise as the country’s major strengths.

Visegrad Four Foreign Ministers to visit Ukraine

Ministry of Foreign Affairs, February 27, 2014 3:09 PM

The Foreign Ministers of the Visegrad Four (V4) countries, including Hungarian Foreign Minister János Martonyi, will be visiting Kyiv and Donetsk on Thursday and Friday.

The international tourism exhibition “Travel 2014” opened in Budapest

Ministry for National Economy, February 27, 2014 3:01 PM

The tourism fair was opened at the Budapest Fair Center by Minister of State for Economic Planning Coordination István Komoróczki, who in his welcome speech pointed out that tourism traffic in Hungary hit a new record high last year, as – according to preliminary data – in 2013 8.8 million guests spent 22.8 million nights in the country.

Paks agreement increases energy security for entire EU

Prime Minister’s Office, February 27, 2014 2:35 PM

The long-term cooperation agreement on the use of nuclear energy between Hungary and Russia will help increase the energy security of the European Union as a whole, Prime Minister Viktor Orbán wrote in a letter to José Manuel Barroso, President of the European Commission.

The Communist dictatorship is a common European heritage

Ministry of Public Administration and Justice, February 27, 2014 9:05 AM

“The Communist dictatorship is a common European heritage and it must be shown that that it’s not just Eastern European history” – said Minister of Human Resources Zoltán Balog at the press conference held marking the 25th anniversary of the Austrian-Hungarian border opening this Wednesday.

Victims of Communism are building blocks of our freedom

Ministry of Public Administration and Justice, February 26, 2014 4:47 PM

Those people who’re called the victims of Communism are not bricks of repression, but the building blocks of our freedom – said Tibor Navracsics, Deputy Prime Minister and Minister of Public Administration and Justice at the governmental commemoration of the Victims of Communism, held at the House of Terror Museum in Budapest this Tuesday.

Russia to Lift Ban on Hungarian Pork Imports in March

Ministry of Rural Development, February 26, 2014 3:20 PM

Russia is expected to lift the ban on the import of Hungarian live pigs, pork meat and pork products in mid-March, Chief Veterinarian Endre Kardeván announced.

4 million 30 thousand people already in employment; unemployment rate below 9 percent

Ministry for National Economy, February 26, 2014 10:58 AM

According to the latest data by the Hungarian Central Statistical Office (KSH), in November 2013-January 2014 the number of people in employment aged 15-74 years increased by 176 thousand year-on-year, from 3 million 854 thousand to 4 million 30 thousand. Accordingly, the employment rate improved to 52.9 percent, a new historic high. Over the past four years, the number of those in employment has been up by 280 thousand. Along with the effect of public work schemes, in light of relevant, formerly published KSH data the private sector has been increasingly driving growth. The unemployment rate is at a five-year low of 8.9 percent.

Zsuzsa Németh says MVM may acquire greater ownership in Mátra Power Plant

Ministry of National Development, February 26, 2014 10:50 AM

Negotiations are underway for MVM Hungarian Electricity Ltd. to cooperate with Mátra Power Plant Ltd. not merely as a minority partner or a contracting party but to take a bigger and more active role by increasing its ownership, Zsuzsa Németh said at Mátra Power Plant in Visonta on Tuesday.

Miskolc may become global metal foam manufacturing hub

Ministry of National Development, February 26, 2014 10:12 AM

Connecting to the space industry involves the opportunity of economic success, Deputy State Secretary for Infocommunication Károly Balázs Solymár said on the occasion that a long-term agreement was signed between Aluinvent Ltd. and the European Space Agency in Budapest, on 25 February 2014. The cooperation targets the manufacturing and testing of ultra light aluminium foam product prototypes to be used as space industry applications.