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Hungary Economy News. Service for global professionals. Constantly updated news and information about Hungary.
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Latest Hungary Economy News

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  • Mass layoffs seen easing, but new jobs remain scarce in Hungary 9 Nov 2009 09:06 GMT
    ... easing, but new jobs remain scarce in Hungary Companies announced mass layoffs affecting 34,500 people in ... published on the website of the State Employment Service (AFSZ). The number of employees to ...

  • One on one with Professor Leszek Balcerowicz 9 Nov 2009 08:15 GMT
    ... reduce this foreign debt. We had skyrocketing inflation between 20 and 50% a month in ... quite low, around 10% a year, in Hungary it was around 30% a year, not a ... how you set about transforming the Polish economy – the Balcerowicz plan. What was it ...

  • 'Germany should have learned more from the East' 9 Nov 2009 07:50 GMT
    ... was speaking to Szilvia Kalmár of EurActiv Hungary. To read a shortened version of this ... of the whole of Europe. As a Hungarian living in East Germany at the time, ... there was an East Germany where the economy was fighting for survival, and there was ...

  • Twenty years later, the swiftness of the Berlin Wall\'s fall - an event viewed as a defining moment of the Cold War and post-World War II Germany - is still a cause of awe for those living in Germany during or...');" 9 Nov 2009 09:20 GMT
    ... the cutting of the iron curtain between Hungary and Austria in 1989. The difference between Hungary ... reunified Germany has struggled with a lackluster economy and high unemployment rates, Olivo said. Further, there is a ...

  • Poland begins to catch up with its neighbors 9 Nov 2009 08:12 GMT
    ... with its neighbors According to the latest GDP forecasts of the European Commission, which take into ... parity, Poland will level with Estonia and Hungary in terms of wealth in 2009. GDP ...

  • Twenty years of market rules in ex-communist Europe 9 Nov 2009 00:27 GMT
    ... company Skoda. Polish fuels company Orlen and Hungary's MOL have emerged as the region's major ... alongside foreign competitors. "To change the market economy to the central planned economy is very ... in Poland where rationing was widespread and inflation soared to 750 percent in December 1989. ...

  • Tearing down the wall 9 Nov 2009 05:31 GMT
    ... miss their simplified way of life. When Hungary opened its boarders and al- lowed East Germans ... rush to liquidate the East’s rust- belt economy, the unemployment that furloughed many workers and professionals over ...

  • Capitalism, democracy lose favour in ex-Soviet bloc 9 Nov 2009 00:27 GMT
    ... in Bulgaria, 20 in Lithuania, 18 in Hungary and eight in Russia. Poland and Slovakia bucked ... approving of the transfer to a market economy plummeted 34 percent in Hungary and 26 percent ...

  • Higher food prices blamed on limited competition 9 Nov 2009 02:16 GMT
    ... to have the highest rate of food inflation since 2000, although it has begun to moderate ... food inflation in the OECD - behind Hungary, Iceland, Mexico, New Zealand, Turkey and the ...

  • How The West Failed Eastern Europe 9 Nov 2009 00:55 GMT
    ... the Popular Front party kept a command economy in place and the old politicians at the ... 1989. He ran around from Austria to Hungary to Germany witnessing events in real time. In ...

  • 20 Years of Collapse 9 Nov 2009 06:11 GMT
    ... is the recent resurgence of anti-Communism from Hungary to Slovenia. During the autumn of 2006, large ... better suited to run the new capitalist economy than the populist dissidents. While the heroes of ...

  • UMW PROF WILL TALK OF HIS LIFE IN EAST GERMANY 20 YEARS AGO 9 Nov 2009 06:51 GMT
    ... system, could not survive," he said. "The economy was so underground that it could not go ... West Berlin, I thought, 'It's just like Hungary, except they speak German here,'" he said. Hungary ...

  • Op-Ed Contributor: 20 Years of Collapse 9 Nov 2009 08:14 GMT
    ... is the recent resurgence of anti-Communism from Hungary to Slovenia. During the autumn of 2006, large ... better suited to run the new capitalist economy than the populist dissidents. While the heroes of ...

  • Zebinix a Novel Once Daily Anti-Epileptic Launched Today in the UK 9 Nov 2009 00:43 GMT
    ... risk of poor quality of life, reduced employment and the development of mental illness such ... Denmark, Finland, Norway, Portugal, Iceland, Czech Republic, Hungary, and Slovakia. For further information please visit ...

  • The glass industry in Italy and Europe: a survey 9 Nov 2009 10:17 GMT
    ... employee distribution in EU-27. Figure 5 - Employment distribution in EU [1]. The biggest challenge ... 80 % and others such as Greece, Hungary, Romania and Turkey, it’s below 20%. Figure ...


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"We no longer have an intimacy of dialogue like we had in 1989. It's important that we restore that closeness in order that we can all in unity face the challenges confronting us. "
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Nov. 9

Jews were expelled from Pressburg Hungary by Maria of Hapsburg.
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Sigmund Romberg, Hungarian-born composer of operettas, notably "The Student Prince", died.
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