Insights
Moody’s upgrades K&H, Erste Bank
Ratings agency Moody’s Investors Service on Tuesday upgraded the long-term local currency deposit ratings of two Hungarian banks, according to news portal hvg.hu. The credit ratings agency announced that it had raised K&H Bank’s long-term
Huge oil field discovered in Hungary
A vast oil field was discovered near two small villages in Baranya county; Istvándi and Kétújfalu. They found nothing like this in the past 30 years. The company who discovered it might become the
More than 300,000 jobs created by German companies in Hungary
German companies have created over 300,000 jobs in Hungary, Péter Szijjártó, the foreign affairs and trade minister, said during a break between his talks in Essen, western Germany, on Tuesday. Hungary’s cooperation with German companies
Varga announces Economy Protection Action Plan
Minister of Finance Mihály Varga has announced a number of tax cuts and growth incentives as part of a plan to shield the economy from the impact of a global slowdown, according to official government
Hungary near the top in broadband speed survey
Ranking broadband speeds in 200 countries across multiple 12-month periods, price comparison service cable.co.uk has generated an overall average speed measurement for the globe and gauged how this number changes over time, penzcentrum.hu reported. Hungary
Hungary Largest Honey Exporter Within EU
In 2018, some 137,000 tonnes of honey were traded among the EU member states, with Hungary alone exporting nearly 20,000 tonnes to other members, amounting to about 14% of total intra-EU exports, according to the