300 Mbps mobile internet on Telekom`s 4G network
For the first time in Hungary, on December 3 the mobile internet service offering up to 300 Mbit/sec nominal download speed became available on Telekom’s network in Nyíregyháza,the first station[…]
Chances doubled
MOL goes Norwegian to invest in expanding oil, gas production
The MOL Group is not only active in processing and selling natural oil, gas and corresponding products, the largest Hungarian multinational company is taking on a growing share of oil[…]
Fitch keeps Hungary waiting for upgrade
Ratings agency Fitch affirmed Hungary’s “BB plus” sovereign credit rating, one notch under investment grade, with “positive” outlook, in a scheduled review last Friday. The issue ratings on Hungary’s senior[…]
Top court chips away at Quaestor law
Judge tells victims compensation still repairable
Hungary’s top court has axed some parts of a law on compensation for investors of failed brokerage Quaestor. The Constitutional Court said the law on a top-up fund set up[…]
Moody’s upgrade ‘sign of success’
Rating agency Moody’s Investors Service raised the outlook on Hungary’s “Ba1” sovereign long-term issuer rating, one notch under investment grade, to “positive” from “stable” in a scheduled review last Friday.[…]
Economic numbers looking positive
European Commission sees stable growth in Hungary
The European Commission sees Hungary’s economic growth at 2.9 percent this year, 2.2 percent next year and 2.5 percent in 2017, according to the European body’s autumn forecast. Hungary will[…]
Varga points the way ahead
EU funds, credit, flexible labour and an investment fund
Minister of National Economy Mihály Varga summarised in four points all the things the Hungarian government can do to keep domestic economic growth above the European average. He did not[…]
Hungary-India links ‘win-win’
Minister in Mumbai to talk up ‘one of Europe’s best investment climates’
The Hungarian leadership sees remarkable potential in India, which is striving to fulfil the demands of its booming economy and of the growing middle classes by way of sustainable development[…]
Nation waits to be put in the picture
Ownership mystery after commercial channel TV2 changes hands
Film industry mogul Andrew Vajna’s Magyar Broadcasting Company signed a contract to buy commercial channel TV2 from TV2 Media Group Holdings last Thursday. A few hours later, however, Lajos Simicska’s[…]
EU funds seemingly not available for private purposes
Modernising the energy technology of buildings
Brussels is not providing any money for modernising the energy technology of residential buildings, at least so the Prime Minister’s Office claimed recently. The reason behind the sudden change of[…]
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