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Hungary’s Poverty at All Time Low0
The number of people living in severe material deprivation in Hungary is at an all-time low as reflected by the latest figures from Eurostat. While these numbers are the most favorable yet, Hungary still has one of the highest poverty rates in the EU. Eurostat has released its latest dataset about severe material deprivation
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Mureş: The largest factory for forage blends in Romania in Sânpaul. Investment of 15 million euros0
- Economic
- 8 May 2019
Three Romanian and Hungarian investors will inaugurate on May 10 a feed factory in Mures. The idea of an investment of 15 million euros came after the shareholders saw how many grains Romania exported and how many feeds it imports. Hungarian Prime Minister Viktor Orban announced his presence to the event. UBM Group from Hungary
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The 5.9 Million Euro investment through which a city in Transylvania revives0
- Economic
- 27 April 2019
The investment through which a city in Alba County can revive. The construction of salty baths in Ocna Mures has become an attraction for the citizens. Only in the early stages of construction, the future salty baths in Ocna Mures have become an attraction for many of the city’s citizens and beyond. Daily groups
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Viktor Orban gives 19.5 million euros to the Roman Catholic Archdiocese of Alba Iulia0
Hungarian Prime Minister Viktor Orbán met with the Roman Catholic Archbishop of Alba Iulia, György Jakubinyi, at the Carmelite Monastery in Budapest to discuss Pope Francis’ visit to Sumuleu Ciuc scheduled for early June, Radio Free Europe reports. In this context, the head of the government in Budapest and the high Catholic prelate spoke about
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Eastern Europe wins battle over double standards in food / Companies will no longer be allowed to sell food and beverages with the same brand but with a different quality0
- Economic
- 22 April 2019
A consumer in Prague will now be able to enjoy a Coca-Cola having the same ingredients as the one sold on the shelves in Berlin, according to an article in Politico. In an important victory for the governments of the Central and Eastern European countries, EU negotiators have reached a difficult agreement on
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The NGO which is building the first pediatric oncology hospital accuses the government: It is a mafia-style attack!0
Oana Gheorghiu and Carmen Uscatu, the founders of the „Dăruieşte viaţă” Association, which is building the First Pediatric Oncology and Radiotherapy Hospital in Romania, accuse the Ministry of Finance of “mafia-style attack” against NGOs. “It started by attacking NGOs directly. A mafia-style attack: you’re forced to fulfill the rules that can not be fulfilled. An
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Large foreign companies are preparing to leave Britain in the context of Brexit: Ford, Nissan, Airbus, Sony0
Ford Motor has warned Theresa May that the company will intensify preparations to move production outside the UK, The Times reported on Thursday, according to Agerpres. The statement was made during a private discussion between British Prime Minister and business leaders, the Times reported. Ford representatives were not available for comment. Another participant in
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The Russian-inspired International Investment Bank moves to Budapest0
One of the first visitors Viktor Orbán welcomed in his new office in the former Carmelite Cloister was Nikolai Kosov, president of the International Investment Bank (IIB). This relatively small bank, currently operating out of Moscow, will soon enough move to Budapest. Who are the members of this international bank? Considering that once upon a
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150 years after the first works, the modernization of the Sulina Canal will be completed0
In 1865, the European Commission of the Danube, based in Galaţi, started the modernization of the Canal and Barei Sulina under the direction of Sir Charles Hartley, also called the “Father of the Danube”. The Romanian state has begun the final stage of modernizing the Sulina Canal after 154 years since the first works by
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