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Government to help compensate small investors affected by brokerage scandals

Prime Minister’s Office, April 2, 2015 5:08 PM

Minister of the Prime Minister’s Office János Lázár has announced that 97% of Buda-Cash customers will get their deposits back by 31 May, and small investors with the Quaestor Group will each get back up to HUF 6 million from Hungary's Investor Protection Fund. He declared that Quaestor deceived both the people and the state.

One more step closer to full-fledged membership in the European Space Agency, ESA

Ministry of National Development, April 2, 2015 4:56 PM

Hungary's accession to the European Space Agency, ESA, has again reached an important milestone. The Accession Agreement signed in Budapest on 24 February, was announced by the Government in the government decree published in the latest issue of the Hungarian Official Journal.

National utility company launched

Prime Minister’s Office, April 2, 2015 4:15 PM

The Minister of State for National Financial Services and Postal Affairs Lászlóné Németh announced on Thursday in Pécs that the First National Utility Company (ENKSZ) started operating in the gas sector on 1 April.

Statement of the Ministry of Foreign Affairs and Trade regarding the presidential elections in Nigeria

Ministry of Foreign Affairs and Trade, April 2, 2015 1:36 PM

The Ministry of Foreign Affairs and Trade of Hungary followed the presidential elections held in the most populated country of Africa. We express our appreciation primarily to the Nigerian voters who despite difficulties and occasional terrorist threats, used their right to vote in a peaceful manner.

'There are different interpretations of democracy'

Ministry of Justice, April 2, 2015 9:09 AM

Minister László Trócsányi gave an interview to EurActive. The English translation was published on the portal on 1 April 2015.

Economic cooperation between Hungary and Kazakhstan has a good basis

Ministry of Foreign Affairs and Trade, April 1, 2015 4:17 PM

Minister of Foreign Affairs and Trade Péter Szijjártó said at the Hungarian - Kazakh business forum on Wednesday in Astana that political cooperation between Hungary and Kazakhstan is excellent, and this serves as a solid basis for building economic relations between the two countries.

Hungary and Kazakhstan to relax visa regulations

The Prime Minister, April 1, 2015 3:56 PM

At the Hungarian-Kazakh Business Forum in Astana on Wednesday, Prime Minister Viktor Orbán said that Hungary and Kazakhstan aim to relax visa regulations between the two countries.

Cooperation with Kazakhstan is a rational policy

The Prime Minister, April 1, 2015 3:44 PM

It is rational to establish close cooperation with Kazakhstan, since it is one of the world’s most rapidly developing countries, the Prime Minister said in the Kazakh capital Astana on Wednesday.

Growth estimate to be revised upward at the end of April in Hungary

Ministry of Finance, April 1, 2015 3:33 PM

GDP growth this year is expected to be much higher than the former estimate indicates, but related data are still being calculated and the Government may accordingly revise the GDP growth estimate at the end of this month, Minister of State for Public Finances Péter Benő Banai said at a press conference earlier today.

General government budget balance in 2014 better than former projection

Ministry of Finance, April 1, 2015 1:22 PM

According to preliminary data, the deficit of the general government sector was 2.6 percent of GDP or HUF 829.1bn in 2014 instead of the 2.9 percent prior estimate. Primary deficit – excluding interest expenditures – fell to 1.5 percent of GDP from 2.1 percent last year. The gross general government debt-to-GDP ratio was 76.9 percent at the end of last year, down by 0.4 percentage points compared to the previous year. These data provide strong proof that the 2015 deficit estimate will be met and the level of debt is set to fall further.