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Decision on EU grants for Hungarian transport development worth HUF 150 bn expected this summer

Ministry of National Development, March 9, 2015 12:30 PM

In the first round, Hungary is to apply for Connecting Europe Facility (CEF) funds with 17 transport development investments. The investments with total costs of HUF 150 bn, submitted in early March 2015, include the construction of the Danube bridge in Komárom, the modernisation of the railway line between Kelenföld and Százhalombatta, the development of water transport security and the establishment of the first liquidised natural gas (LNG) fuelling stations in Hungary.

Compensation under way for local governments suffering losses in Buda-Cash affair

Ministry of Finance, March 9, 2015 12:28 PM

The compensation process for local governments which have incurred losses in the Buda-Cash affair has begun and compensation payments are due at the beginning of next week, Minister for National Economy Mihály Varga told HírTV.

By 2018 unemployment in Hungary will have been reduced to around 3%

The Prime Minister, March 6, 2015 5:43 PM

Prime Minister Viktor Orbán has set a goal of achieving full employment in Hungary by 2018,reducing unemployment to 3% or lower by then.

Eastern Partnership Panel on Migration and Asylum met at the Ministry of Interior

Ministry of Interior, March 6, 2015 4:21 PM

The meeting of the Eastern Partnership Panel on Migration and Asylum was held at the Ministry of Interior on 5-6 March 2015. The title of the event was Panel Meeting on Migration Data Management and Migration Trends.

Efficient internal energy market requires infrastructure connecting Member States’ energy systems

Ministry of National Development, March 6, 2015 3:07 PM

Hungary has made the necessary steps for the construction of the infrastructures ensuring bi-directional natural gas transport in the region. In addition, the country has not only attained but even surpassed the target set by the European Union according to which the electricity cross-border transmission capacity must reach at least 10% of the total built in electricity production in every EU state by 2020, Minister of State for Energy Affairs András Aradszki said at the session of the Energy Council in Brussels on 5 March, 2015.

Péter Szijjártó heralded the Opening to the South strategy

Ministry of Foreign Affairs and Trade, March 6, 2015 2:54 PM

Péter Szijjártó submitted the proposal of launching the Opening to the South strategy with a focus on Africa and Latin America from 1 July onwards to Prime Minister Viktor Orbán.

Hungarian economic expansion continues

Ministry of Finance, March 6, 2015 1:27 PM

The Hungarian economy grew even faster in 2014 than prior data had indicated, as it gained 3.6 percent in the observed period. Thus, Hungarian GDP reached the pre-crisis level.

Renzi walks the road of Orbán, which also shows the turn in Europe’s Russia-policy

Prime Minister’s Office, March 6, 2015 12:10 PM

“Matteo Renzi walks the road of Orbán; this too, shows the turn in Europe’s Russia-policy” – Minister of State for Government Communications András Giró-Szász told MTI on Friday.

We must urgently investigate brokerage firms

The Prime Minister, March 6, 2015 11:42 AM

“Consultations are already in progress with the Banking Association and the National Bank of Hungary on where strengthened oversight is necessary,” Prime Minister Viktor Orbán said in connection with the Buda-Cash case in an interview with public broadcaster Kossuth Rádió.

An audio equipment production company is to create more than 400 new jobs in Pécs

Ministry of Foreign Affairs and Trade, March 5, 2015 4:49 PM

It was announced at the Ministry of Foreign Affairs and Trade on Thursday at a press conference that Harman, a U.S. based audio equipment production company will create 420 new jobs through an investment of HUF 3.5 billion.