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Hungarian-Uzbek economic relations still have much unrealised potential

Ministry of Foreign Affairs and Trade, November 27, 2014 12:42 PM

Representatives from the two countries at the Hungarian-Uzbek Business Forum on Tuesday stated that there is great growth potential for Hungarian-Uzbek bilateral trade and economic cooperation, and that both sides have an interest in expanding links further.

Employment rate at a record high and unemployment rate at almost 7 percent

Ministry of Finance, November 27, 2014 9:44 AM

According to the latest report of the Hungarian Central Statistical Office (KSH), the number of people in employment has continued to grow. In the period August-October 2014, the number of people aged 15-74 years in employment increased by 192 thousand to 4 million 184 thousand year-on-year. The fact that the private sector remained an engine of employment growth demonstrates the success of the Government’s employment schemes.

EU ministers adopt 2015-2018 Work Plan for Culture

Ministry of Human Capacities, November 26, 2014 5:02 PM

Culture ministers of the European Union adopted on Tuesday a Work Plan for Culture (2015-2018), which sets four priority areas: accessible culture, cultural heritage, creative economy and innovation, and cultural diversity. These are complemented by two cross-sector themes: digital shift and statistics.

Legislation on fair banks and forint conversion of loans passed

Government, November 26, 2014 3:54 PM

Parliament passed the law on fair banks on Tuesday, together with the legislative amendment which will, as of the beginning of next year, automatically convert foreign currency or foreign currency-based consumer mortgage loan contracts into forints.

Unbroken commitment to the protection of minorities

Ministry of Foreign Affairs and Trade, November 26, 2014 2:46 PM

The United Nations Forum on Minority Issues holds its seventh session in Geneva on 25-26 November 2014.

Deputy State Secretary Kristóf Altusz visited Finland

Ministry of Foreign Affairs and Trade, November 26, 2014 2:22 PM

Deputy State Secretary Kristóf Altusz travelled to Finland on Tuesday, 25 November. During his visit, he met with Jukka Salovaara, European Director of the Ministry for Foreign Affairs of the Republic of Finland and Lauri Tierala, special advisor on EU affairs of the Prime Minister of the Republic of Finland.

Moody’s turned also positive on Hungarian economic growth

Ministry of Finance, November 26, 2014 11:38 AM

In its annual country report, Moody’s Investors Service formulates a positive view on Hungary’s medium-term economic growth.

Retail sector expanded for the fifteenth consecutive month

Ministry of Finance, November 26, 2014 11:07 AM

Hungary’s retail sales have continued to rise as in September 2014 and in the initial nine months of the year the sector expanded by 4.5 percent and 5.1 percent, respectively, in comparison to data compiled one year ago. Commenting on the latest statistics of the Hungarian Central Statistical Office (KSH), Minister of State for Parliamentary Affairs Béla Glattfelder said that this has been the fifteenth consecutive month when the volume of retail sales increased and this remarkable achievement has also contributed to sound and sustainable economic growth.

Industry and agriculture are the key to Hungarian economic development

The Prime Minister, November 25, 2014 5:15 PM

“In addition to industry, agriculture represents the key to the development of the Hungarian economy over the next 20 years; Hungary cannot be successful without agriculture”, the Prime Minister declared on Tuesday in Nádudvar, eastern Hungary, at the inauguration of KITE Zrt’s logistics centre.

OECD upwardly revised Hungary’s economic outlook

Ministry of Finance, November 25, 2014 2:31 PM

Compared to prior expectations, the study of the Paris-based Organization for Economic Cooperation and Development (OECD) released earlier today is more optimistic about the future of the Hungarian economy.