News

Hungary receives cca. 68 billion HUF credit limit from EIB

Two contract were signed yesterday between Hungary and the European Investment Bank for the coverage of the own financial resource of state projects of high priority.

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Industrial output 8 percent higher in the initial ten months of 2014

In October 2014, Hungary’s industrial output increased by 1.7 percent and thus the sector has been expanding for the fourteenth consecutive month. In the first ten months of the year, the sector registered growth of 7.8 percent, while it has expanded by 15 percent since January 2010. This growth has been based on a sound economic structure, as output was higher not only in every Hungarian region but also in the majority of manufacturing sub sectors.

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Hungary’s foreign trade volume continued to increase

In September 2014, Hungary’s foreign trade volume continued to increase, as exports and imports were up by 9 percent and 10 percent, respectively. This growth resulted in an unprecedented foreign trade surplus of EUR 939 million, up by EUR 85 million year-on-year. These data were mainly the result of domestic economic expansion, steady output increases within the industrial sector – thanks especially to vehicle manufacturing and related divisions – as well as higher consumption.

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The Government would support companies with non-refundable funds

The Hungarian National Association of Machinery and Power Engineering Industries organized a conference at the University of Technology where Béla Glattfelder, Minister of State highlighted that the Hungarian companies should receive non-refundable subsidies in the next programming period.

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Insitutional reform of research and development policy has started

The Hungarian Parliament adopted the law of institutional reform of R+D and innovation policy. Accordingly, the newly established National Office For Research, Development and Innovation will be key actor of the Government's R+D policy in the next EU programming period. 

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Insitutional and financial support for export promotion

Export promotion is a key objective of the Hungarian foreign policy, so the Government would provide insitutional and financial assistance for the better utilization of Hungarian SME's export potential. The aim is to increase the number of smal and medium sized companies having solid export acitivity from 2 000-3 000 to above 10 000.

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Hungary submitted eight of the new Operative Programmes

Hungary forwarded eight operative programmes to the European Commission last week.

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Hungary accepts new public procurement rules, new Operative Programmes are under finalizing

Hungary accepts new public procurement rules to meet EU requirements, new operatives programme might be accepted within a short term period.

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Hungarian industrial sector accelerating again

Following moderate expansion in August, as factories temporarily halted production due to summer recess, in September 2014 Hungary’s industrial output picked up speed again as expected and achieved outstanding growth of 7.6 percent year-on-year.

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Importan changes in the use of EU subsidies

The new period of EU funding has begun - said Nándor Csepreghy at a a press conference.. The Deputy Minister of State responsible for communication of development policy announced several changes of legal and instituional background connected to the use of EU subsisidies.

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News

Hungary receives cca. 68 billion HUF credit limit from EIB

Two contract were signed yesterday between Hungary and the European Investment Bank for the coverage of the own financial resource of state projects of high priority.

Read more »
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