Latest News

September 19, 2016 12:31 PM

S&P Upgrades Hungary's Credit Rating to 'Investment Grade'

Standard and Poor’s announced on Friday, September 16 its decision to upgrade Hungary’s credit rating to investment grade status in light of the country’s recent economic performance. Minister for National Economy Mihály Varga called the decision another indication of the successful transformation of the Hungarian economy.

September 15, 2016 11:56 AM

State Minister Levente Magyar Holds Talks with Jewish-American Organizations in New York

Hungarian State Minister for Foreign Affairs Levente Magyar held trade talks with a number of American corporations as well as met with the heads of various Jewish-American organizations on his recent visit to New York from September 12-15.

September 14, 2016 6:35 PM

Four Hungarian Tech Companies Attend Major Startup Conference in San Francisco

TechCrunch Disrupt, one of the largest and most important tech startup conferences in the United States, opened its doors earlier this week in San Francisco. For the first time ever, four different Hungarian tech startups were invited to the conference, showcasing the best of Hungarian technology and innovation. Each of the four companies – Shapr3D, SignAll, NowTechnologies and ClipDis – will have the opportunity to meet with potential investors and break into the American market.

September 14, 2016 6:22 PM

Foreign Minister Péter Szijjártó Says Attacks Against Hungary Severely Worsen European Crisis

Minister of Foreign Affairs and Trade Péter Szijjártó rebuked comments made by Luxembourgian Foreign Minister Jean Asselborn and European Parliament President Martin Schultz about Hungary as both inappropriate and further constributing to the worsening of the European crisis.

September 12, 2016 10:24 AM

Prime Minister Viktor Orbán’s statement on 15th anniversary of the 9/11 terrorist attacks

On the 15th anniversary of the September 11th terrorist attacks, Hungarian Prime Minister Viktor Orbán offered his deepest sympathies and condolences to the family members of those affected by the attacks and reaffirmed Hungary's commitment to combatting international terrorism.

September 8, 2016 3:25 PM

Dana Holdings Corporation Plans New $51 Million Manufacturing Facility in Győr

Hungarian Minister of Foreign Affairs and Trade Peter Szijjártó announced on Thursday, September 8 that American automotive company Dana Light Vehicle Driveline Technologies will invest approximately $51 million (HUF 15 billion) in the construction of a new gear manufacturing plant Győr, Hungary that will create 200 additional Hungarian jobs. Construction is scheduled to begin in 2017 and is expected to finish by 2020.

September 7, 2016 5:09 PM

Prime Minister Viktor Orbán Receives "Person of the Year Award"

Hungarian Prime Minister Viktor Orbán was presented with the prestigious "Person of the Year" Award by the Prime Minister of Poland, Beata Szydło at the 26th Annual Economic Forum for his role in shaping central European policy.

September 6, 2016 2:14 PM

FM Péter Szijjártó Affirms Hungarian Commitment to a Stable Turkey, Integrated Balkans at EU Summit

Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó attended an informal meeting of EU Foreign Ministers from September 1-2 in Bratislava. Speaking to MTI, Szijjártó reaffirmed Hungary's commitment to a stable Turkey without which European security could be jeopardized, inducing another wave of immigration.

September 2, 2016 3:50 PM

US-Hungarian Social Security Agreement Comes Into Effect

The Hungarian-U.S. social security agreement, signed by Hungarian Minister of Human Capacities Zoltán Balog and U.S. Ambassador to Budapest Colleen Bell on 3 February 2015, came into effect on 1 September 2016. The agreement will favorably affect many Hungarian and U.S. citizens.

September 1, 2016 2:45 PM

Hungary Offers Unconditional Support for Serbian EU Accession Talks

The stability of the Eastern Europe and the Balkan Region is both an issue of national and international security as well as one of national economic interest, said Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó following talks with Serbian Minister for EU Integration Jadranka Joksimovic on Wednesday, August 31. Szijjártó added that Hungary unequivocally supports Serbia’s EU accession.