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Deposits at Erste Bank are safe and sound

Ministry of Finance, March 26, 2015 11:27 AM

The assets of Erste Bank customers are in perfect safety, the financial position of Erste Group is stable and rumours of difficulties at the bank are absolutely unsubstantiated, Minister of State for Taxation and Public Finances Gábor Orbán told public-service news channel M1.

The fuel supply contract of the Paks Nuclear Power Plant will be finalized based on the Finnish model

Prime Minister’s Office, March 26, 2015 11:18 AM

According to the Government Commissioner in Charge of Maintaining the Performance of the Paks Nuclear Power Plant Attila Aszódi, the fuel supply contract of the two new blocks of the plant will be finalized based on the Finnish model; the agreement may soon be concluded.

Volume of retail trade hits pre-crisis level

Ministry of Finance, March 26, 2015 10:11 AM

Retail trade data in Hungary came in even better than expected, as the volume of sales gained 8.7 percent in the first month of the year. As a result of the upward trend, which has been in place for more than one-and-a-half years, turnover has reached the pre-crisis level.

The key to rural development is the development of provincial cities

The Prime Minister, March 25, 2015 4:21 PM

Prime Minister Viktor Orbán announced that by 2018 three developments will be implemented in Sopron: construction of the M85 four-lane expressway, the restoration of the Baroque town centre and development of the World Heritage site around Lake Fertő.

Hungary to remain on current growth trajectory

Ministry of Finance, March 25, 2015 3:42 PM

In the next one-and-a-half to two years, the Hungarian economy is set to remain on the existing growth path, with 2.8-2.9 percent GDP growth projected for this year, Minister for National Economy Mihály Varga said at a conference organized by the Confederation of Hungarian Employers and Industrialists in Budapest.

Becoming a central gas distributor would bring about significant benefits

Ministry of Foreign Affairs and Trade, March 25, 2015 3:36 PM

Becoming the central gas distributor of the region would bring considerable economic and political benefits for Hungary, the Ministry of Foreign Affairs and Trade told MTI.

It is the interest of both the Turkish and the Hungarian party to acquire energy from a variety of sources

Ministry of Foreign Affairs and Trade, March 25, 2015 2:32 PM

Minister of State for Security Policy and International Cooperation István Mikola said in his interview with MTI on Friday in Budapest that the diversification of energy sources and within that the diversification of gas sources is both the interest of Turkey and Hungary.

Exchange booth operators must also install online cash registers

Ministry of Finance, March 25, 2015 1:51 PM

As Deputy State Secretary for Taxation and Accounting Zoltán Pankucsi told public news channel M1, earlier today the Ministry for National Economy met with representatives of the Association of Hungarian Exchange Booth Operators and the two parties agreed that the compulsory introduction of online cash registers will facilitate transparency in the sector and bolster the protection of consumers.

Hungarian charities unite for Ukraine

Ministry of Human Capacities, March 25, 2015 10:31 AM

Member organizations of the Hungarian Charity Council – the Hungarian Charity Service of the Order of Malta, the Caritas Hungarica, the Hungarian Red Cross, the Hungarian Reformed Church Aid and the Hungarian Baptist Aid – have combined their efforts to send an aid convoy to Ukrainian families, Minister of State for Churches, National Minorities and Civil Affairs Miklós Soltész said at a Budapest press conference on Tuesday.

Issue of the fuel supply contract may be solved

Prime Minister’s Office, March 25, 2015 9:26 AM

All obstacles have been removed from the way of solving the issue of the fuel supply contract necessary for the extension of the Paks Nuclear Power Plant – Minister of the Prime Minister’s Office János Lázár told MTI in a phone interview given after consultations held with Commissioner for Climate Action and Energy Miguel Arias in Brussels.