Hungary

Hungary

Drop in agriculture brings down Hungary economic growth in Q3 below forecast

Registering slowest growth rate during the past nine quarters, Hungary's economy growth rate was weakest during the third quarter ending September as agriculture production drop impacted the gross domestic product (GDP) significantly. The stagnant construction activity coupled with underscoring risks to the government's capacity to keep up the economic momentum has been adversely impacting the GDP growth rate.

Read Full Article
Wang Yi

Hungary first European country to sign up for China Silk Road plan

Hungary has become the first European country to sign a cooperation agreement for China's new "Silk Road" initiative to develop trade and transport infrastructure across Asia and beyond, China's foreign ministry said late on Saturday.

Read Full Article
Roshen Confectionery Corporation

No respite for candy factory caught up in Russia-Ukraine crisis

The fortunes of the Russian outpost of Ukrainian President Petro Poroshenko's candy empire have ebbed and flowed with the Russian-backed separatist conflict in the east of his country.

Read Full Article
Rosatom

EU blocks Hungary's 12 billion euro nuclear deal with Russia: FT

The European Union has backed Euratom's decision to block Hungary's 12 billion euro nuclear deal with Russia, a move that could worsen the situation between the Kremlin and Brussels, the Financial Times reported.

Read Full Article
Swiss Franc and Euro banknotes

Austrians rue starting fashion for Swiss franc mortgages

The surging Swiss franc has dealt a double blow to homeowners in Austria, home of the trend for borrowing in the Swiss currency that has devastated mortgage holders across eastern Europe.

Read Full Article
Gas storage facility

U.S. ready to help Hungary build energy independence: diplomat

The United States is willing to help Hungary and other European countries build energy infrastructure to reduce its dependence on Russian oil and gas, U.S. Chargé d'Affaires in Budapest André Goodfriend has told Nepszava newspaper.

Read Full Article
Internet Cafe

Hungary plans to impose new tax on Internet traffic

Hungary's government plans to levy a new tax on Internet data transfers, according to the draft 2015 tax bill submitted to parliament late on Tuesday, which could hit Internet providers and the country's telecommunications companies.

Read Full Article
Tresorit

Hungarian startup Tresorit lands $3M in Series A round to provide convenient and secure cloud services

Budapest, Hungary-based startup Tresorit landed $3 million in its Series A funding round with Euroventures as lead investor to provide both convenience and security along with its cloud storage services.

Read Full Article
laszlo bencsik

OTP Bank close to acquire MKB from BayernLB

Hungary's OTP Bank is close to acquiring MKB from BayernLB said sources familiar with the matter, reported Reuters.

Read Full Article
Raiffeisen Bank International AG

Austria's Raiffeisen Bank International halts sale of loss-making Hungarian subsidiary

Raiffeisen Bank International reportedly aborted plans to sell its loss-making Hungarian business, saying that selling the asset at a knock-down price would trigger losses it was not prepared to accept.

Read Full Article
Viktor Orban

Hungary to divest stake in savings bank Takarekbank

The government of Hungary eyes the sale of its majority stake in savings bank Takarekbank, according to a government decree reported by Magyar Kozlony, the country's official gazette.

Read Full Article
MVM Zrt

Hungary to buy minority stake in Budapest gas supplier

Hungary-based state-owned utility MVM Zrt announced on Tuesday its plan to purchase a minority stake in natural gas supplier Fogaz Zrt in a deal valued at HUF41 billion ($187.4 million).

Read Full Article
PM Viktor Orban

Hungary files to sell bonds in the US

Hungary applied for permission to sell bonds in the US market.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics