Good Opportunity for Hungarian Health Services

According to the recent verdict of a German court, German patients wishing to have dental care abroad will only need a price offer and preliminary approval from the health insurance to access foreign services.

Hungary Signs Nabucco Intergovernment Agreement

On July 13 Prime Minister Mr Gordon Bajnai signed a 50-year intergovernmental agreement in Ankara, Turkey with leaders from other countries.

Hungary Expected to Make Foreign Bond Issue Earlier than Autumn - Oszkó

Hungary is expected to make a foreign currency bond issue - its first since June of 2008 - earlier than the autumn, as originally planned, Finance Minister Péter Oszkó said in a television interview on 14, July.

VAT Compensation for EU-Funded Projects

National Development Agency (NDA) envisages a compensation of higher VAT rates, that is, cost-increasing factors beyond the scope of the competency of project hosts which entered into force on 1 July.

The Trade Balance Showed a Surplus of EUR 480 Million in May

In May 2009, according to first estimates, exports amounted to HUF 1,318 billion (EUR 4,649 million), while the value of imports reached HUF 1,186 billion (EUR 4,169 million).

Higher Rate of Advance Payment Extended for Another Six Months

The Government has extended the deadline period for granting a higher rate of advance payment, which applicants, who won funding within the framework of the New Hungary Development Plan are eligible to request.

EBRD Provides EUR 200m Subordinated Loan to OTP

The European Bank for Reconstruction and Development (EBRD) is providing a EUR 200 million subordinated loan to OTP Bank on market terms and will buy EUR 20 million in OTP treasury shares, OTP Bank announced on July 10.

Hungarian Thinktanks, GKI and GFK report improving consumer and industrial sentiments

The value of GKI's economic sentiment index has been improving for two months.

Reconstruction of the Royal Palace of Gödöllő to Get Underway

The reconstruction of the Royal Palace of Gödöllő can now get underway within the framework of the New Hungary Development Plan with the help of EU funding.

Second Generation Biometric Passport Introduced in Hungary as Well

Passports that also contain the fingerprint of the holder are now being issued in Hungary from 28 June 2009, as a result of a European Union-funded project supporting the creation and introduction of second generation biometric passports.

News Monitoring