The World Bank’s International Centre for the Settlement of Investment Disputes has ordered Hungary to pay EUR 23 million (more than HUF 7 billion) in damages to the French voucher company Edenred for the unlawful reorganization of the Hungarian food voucher market in 2012, a violation of EU law, reports globenewswire.com. The Washington, D.C.-based arbitration court issued a […]
While the world’s attention was on the US election, a handful of Hungarian MPs debated a bill that would allow new atomic energy facilities to be constructed and operated in a manner that is not in accordance with official permits. Online daily propeller.hu reports that paragraph XIV of the proposed “salad law” – one that contains a number of […]
The following statement was issued today by the U.S. Department of State on its website: The United States shares the concerns of global press freedom advocates, international organizations, and Hungarian citizens, over the steady decline of media freedom in Hungary. We are following closely the reported ban of an independent website from the parliament building on […]
Hungary’s new CSOK housing subsidy program is growing in popularity, with 27,000 applicants receiving some USD 207 million to date in the form of grants and low interest loans.
In an interview given to state television channel M1, Prime Minister Viktor Orbán said there was nothing to indicate that Saturday’s explosion in Budapest was connected to the migration crisis. “Even if it is impossible to rule this out, at this moment there is nothing to indicate this, which comes as something of a relief,” […]
Former finance minister Lajos Bokros appeared on ATV’s Straight Talk Tuesday evening to contest Minister for National Economy Mihály Varga claim that the government restructuring of the Hungarian economy was successful and created the necessary foundation for growth. The Movement for a Modern Hungary chairman says Hungary’s economy is not at all successful and that, in […]
Hungary to spend up to USD 9 million in 2017 on “social dialogue” relating to the 2024 Olympic Games in addition to the USD 19 million spent to date.
Municipal government has neither the right nor the jurisdiction to decide on national matters, according to Gödöllő mayor György Gémesi. The president of the Alliance of Hungarian Municipal told ATV on Friday that municipal employees were actively campaigning on behalf of the national government in a number of cities by threatening to cut social aid should the October […]
Hungarian Olympic athletes Gabriela Szabó and Danuta Kozák took gold in the K-2 500 meter event, finishing 51/1000ths of a second ahead of the German team of Franziska Weber and Tina Dietze. “We were continuously preparing for this mentally,” said Gabriella Szabó. “Two days ago we were discussing how everything would come down to the […]
Hungary’s Ministry of the Interior vastly overpaid for five used helicopters, according to print daily Népszabadság. The left-wing print daily reports that Hungary purchased five MD-902 helicopters from a Czech company, European Air Services, for EUR 13.6 million. The company bought the helicopters second-hand from the German state of Baden-Württemberg for a reported EUR 4.8 million, […]