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    Ruling parties stay ahead

    • 11. December 2016 - by in Brief

    Some 32 percent of all voters supported the ruling Fidesz-Christian Democrats in a survey by Nézőpont Institute. The radical nationalist Jobbik party stayed at 12 percent, the opposition Socialists lost[…]

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    Áder vetoes square transfer

    • 10. December 2016 - by in Brief

    President János Áder has returned a law to Parliament under which the ownership of central Budapest’s Erzsebet tér would have been transferred from the city to the Hungarian state. Áder[…]

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    Tree felling ‘illegal’

    • 10. December 2016 - by in Brief

    The opposition Dialogue party says it will file a complaint over some trees that were cut down on Budapest’s Bocskai utca. Richard Barabas, the party’s local council representative, said he[…]

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    Raid ‘uncovers weapons cache’

    • 9. December 2016 - by in Brief

    Police have discovered a new cache of weapons and ammunition suspected of being connected with the extremist Magyar Nemzeti Arcvonal, or Hungarian National Front, paramilitary organisation. During a house search[…]

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    Trump invites Orbán

    • 4. December 2016 - by in Brief

    Prime Minister Viktor Orbán says that in his phone conversation with Donald Trump the US president-elect invited him to Washington. “Trump made it clear during the conversation that he had[…]

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    New Israeli diplomat sees unity

    • 3. December 2016 - by in Brief

    Yossi Amrani, Israel’s new ambassador to Hungary, has presented his credentials to President János Áder and says he will seek to convey his country’s message of co-operation to the Hungarian[…]

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    Drop in risks aids banks

    • 3. December 2016 - by in Brief

    Hungarian banks’ combined after-tax profit in the first three quarters of 2016 almost tripled year-on-year to HUF 416.2 billion from HUF 141.6 billion on a big drop in risk costs,[…]

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    Base rate stays on hold

    • 2. December 2016 - by in Brief

    The National Bank of Hungary’s Monetary Council left the central bank’s base rate on hold at 0.90pc at its latest policy meeting, a decision in line with expectations. The council[…]

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    Corporate tax coming down

    • 27. November 2016 - by in Brief

    The corporate tax rate will be cut to a flat 9 percent next year, Prime Minister Viktor Orbán has told a conference. The rate would apply to big companies as[…]

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    Costly Christmas ‘expected’

    • 26. November 2016 - by in Brief

    The National Commerce Association (OKSZ) says retail sales could rise significantly during the holiday season. In December alone sales could top HUF 1000 billion and be up by more than[…]