The number of employees in the business sector (corporate and state-owned) fell for the fifth consecutive month in April and by 1.8 per cent over the year according to figures released by the Central Statistical Office (KSH). But if you include the public sector there are 3,811,000 employed overall, up 52,000 in April. May not be… Continue »

“It has become tiresome as a small country to put up with various great powers that lecture Hungary constantly,” House Speaker László Kövér said when the right-wing newspaper Magyar Hírlap asked him about “antisemitic provocations”. In an interview published on Sunday, the founding member of the ruling Fidesz party was reacting to a letter in… Continue »

AHungarian is once again at the top of the Simon Wiesenthal Centre’s list of “most wanted” Nazi war criminals. Speaking in Budapest on Tuesday, the director of the organisation’s Jerusalem office, Ephraim Zuroff, urged authorities to speed up their proceedings against 95-year-old László Csatáry, an alleged detention-camp commander. Budapest’s prosecution service revealed in April that… Continue »

Hungarian director Benedek Fliegauf’s film Just the Wind took the top jury prize at the 10th Paris Film Festival on Monday. The film presents a day in the life of a rural Hungarian Roma family against a menacing backdrop of a series of racially motivated murders. The film took the Silver Bear at the better… Continue »

Property developer Ablon has begun the EUR 4 million development of the third phase of Airport City Logistics Park, which is expected to be finished before the end of the year. The new unit will be house logistics company Benteler Distribution, which has signed a long-term agreement with Ablon. Continue »

Hungary’s MKB Bank is for sale because German owner BayernLB must reduce its assets by EUR 100 billion within the next three years, the Financial Times Deutschland reported on Wednesday. The story ran after the European Commission and the regional government of Bavaria came to an agreement over BayernLB’s repayment of EUR 10 billion in… Continue »

Hungarian exports and imports in euro terms increased by 1.7 and 1.8 per cent respectively in May with the trade balance showing a surplus of HUF 206 billion (EUR 716.49 million), a HUF 19 billion (EUR 66.08 million) increase compared to May 2011, preliminary figures from the Central Statistical Office reveal. Over January-May 2012 the… Continue »