World Bank projects global economy to shrink by 5.2 pct in 2020

The global economy is on track to shrink by 5.2 percent this year amid the COVID-19 pandemic, the deepest recession...

Hungary jumps ahead in World Bank Paying Taxes ranking

Hungary moved forward to 56th place from 86th in an annual global ranking gauging ease of paying taxes compiled by consultancy PwC and the...

Hungary moves up to 52nd in World Bank ease of doing business ranking

Hungary has moved up one place to 52nd in the World Bank's latest annual ease of doing business...

Finance Minister presses World Bank to focus on problems that spur migration

Finance Minister Mihály Varga urged the World Bank to concentrate on problems that lead to migration at...

A Hungarian impostor impersonated vice president of World Bank

He promised to make a small settlement in Pest county flourish. To do so, he even wrote a letter in...

Hungarian economy minister holds talks with World Bank Group executive director

Finance Minister Mihály Varga on Monday held talks with Guenther Schoenleitner, an executive director...

Dialogue between Hungarian, Turkish leaders straightforward, says Hungarian FM in Istanbul

The leaders of Hungary and Turkey are able to talk to each other honestly and without hypocrisy, the minister of foreign affairs and trade...

Hungarian economy minister sees growing opportunities for Hungarian firms in Asia

More and more Hungarian companies will be doing business in Asia, Finance Minister Mihály Varga said on Friday in Bali on the sidelines of an...

World Bank raises Hungary GDP forecasts

The World Bank raised its forecasts for Hungary's GDP growth in 2018-2020 in its fresh biannual Global Economic Prospects report. ...

HungaryTrends: The most important business news – 2nd week

See below main business and financial news from the previous week:  LABOUR SHORTAGE: ‘WAGE BOMB’ FROM ALDI As we...