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Washington court ruled in favour of the State of Hungary in casino investment case

Ministry of Finance, October 6, 2014 10:32 AM

An international arbitration court, the International Centre for Settlement of Investment Disputes in Washington, has ruled in favour of Hungary in the Sukoró casino investment project case, Minister for National Economy Mihály Varga announced.

The development of the Hungarian military is to be speeded up, Minister of Defence annonces

Ministry of Defence, October 6, 2014 10:23 AM

Hungary's military development plan, approved in 2012 and endorsed by NATO, does not need to be changed, only to be speeded up, Minister of Defence Csaba Hende said in an interview given for a radio station.

Budapest Design Week kicks off

Ministry of Human Capacities, October 3, 2014 1:19 PM

Minister of State for Culture Péter Hoppál opened on Thursday the Budapest Design Week, the region’s most prestigious such event, boasting 220 events on October 3-12.

CEE seeking closer cooperation on combating tax fraud

Ministry of Finance, October 3, 2014 10:20 AM

Six Central and Eastern European countries are aiming for closer cooperation in combating tax fraud, the participating ministers announced at a press conference following a meeting of the Visegrád Four, Germany and Austria held in Prague where Hungary was represented by Minister for National Economy Mihály Varga.

Unbroken Economic Development between Hungary and Germany

Ministry of Foreign Affairs and Trade, October 3, 2014 9:24 AM

Minister of Foreign Affairs and Trade Péter Szijjártó and Lieselore Cyrus, the new German ambassador to Hungary, described the development of economic cooperation between Hungary and Germany as unbroken on Wednesday, on the occasion of the introductory visit of the German diplomat, Judit Fülöp, press chief of the Ministry of Foreign Affairs and Trade (KKM) told MTI.

Conference on protecting the Carpathians and sustainable development

Ministry of Agriculture, October 3, 2014 8:59 AM

„Think on a Carpathian scale; act at a local and regional level” was the motto of the fourth conference of the participants of the Carpathian Framework Convention held on 24-26 September in Mikulov, the Czech Republic. The Hungarian delegation was led by Deputy State Secretary for International Affairs Katalin Tóth from the Ministry of Agriculture, which is responsible for coordinating the implementation of the Convention here in Hungary.

Double-digit volume growth and a surplus of more than EUR 500 million in Hungary’s foreign trade

Ministry of Finance, October 3, 2014 8:40 AM

The positive trend in place in the past years has continued as foreign trade surplus has gained again. In July 2014, the volume of exports and imports was up year-on-year by 13 percent and 14 percent, respectively, resulting in a surplus some of EUR 0.5bn, EUR 50 million higher than one year ago. Improving data have been the consequence of economic growth and rebounding consumption, Minister of State for Economic Regulation Béla Glattfelder stated, commenting on the latest trade data released by the Hungarian Central Statistical Office (KSH).

Hungary is Inspired by the German Example

Ministry of Foreign Affairs and Trade, October 3, 2014 8:31 AM

Hungarian-German relations have always been excellent and it is particularly so since the regime change. Hungary often regarded Germany as an example in terms of its political and economic structure, said Minister of Foreign Affairs and Trade Péter Szijjártó at an event of the German-Hungarian Chamber of Industry and Commerce (DUIHK) on Thursday in Budapest.

The Ministry of Justice prepares the legislation of “fair banks”

Ministry of Justice, October 2, 2014 5:32 PM

The Ministry of Justice has been preparing draft regulations on setting up a “system of fair banks”, which determine the conditions of personal bank loans that could be offered by banks, Fidesz group leader Antal Rogán said.

Hungarian Government Continues to Support NATO Enlargement

Ministry of Foreign Affairs and Trade, October 2, 2014 4:30 PM

The Hungarian Government is committed to gradually increasing defence spending as well as to implementing the Readiness Action Plan accepted at the NATO Summit in Wales. As part of this, Hungary will develop the Pápa Air Base and will promote the defence capacities of the Baltic Region, Minister of Foreign Affairs and Trade Péter Szijjártó said during his discussion with General Adrian Bradshaw, NATO’s Deputy Supreme Allied Commander Europe, on Wednesday in Budapest.