The Hungarian government has assured the Philippines of support to continue negotiations for a free trade deal between the Philippines and the European Union (EU).
OTP Bank has sued the Croatian government to recover about $34.60 million it lost during a mandatory conversion of Swiss franc-denominated loans to euro-based loans in 2015.
Magyar and Inicia filed for arbitration against Hungary claiming expropriation of their leasehold rights to the land, following an agricultural sector reform to promote family farms over farming companies.
Hungary has filed to annul an award of some EUR 73 million, before interest, to French food voucher company Sodexo, granted in an arbitration ruling by the World Bankʼs International Center for Settlement of Investment Disputes (ICSID), state news agency MTI reported, citing case information on ICSIDʼs website.
Hungarian State has been ordered to pay Sodexo an award of about 73 million euro, before interest.
Hungary and Belarus signed an investment protection agreement.
China is willing to better dovetail the Belt and Road Initiative with Hungarian development strategies, expand bilateral trade and investment scale.
Japan has now become Hungary’s leading Asian investor, the Hungarian foreign minister told news agency MTI on the first day of his official visit to Japan.
The Hungarian government is seeking to sign a “new” trade pact with the United States as the planned TTIP “will not happen”
Environmentalists urge the government to turn to the European Court of Justice on the issue of the planned Investment Court System.
Hungary will not support any trade agreement between the United States and the European Union that impairs the jurisdiction of Hungarian courts in trade disputes, Prime Minister Viktor Orban said on Friday.
The outcome of EU-US free trade talks hangs in the balance and the government will only support an accord which serves Hungarian interests, Foreign Minister Péter Szijjártó said in a parliamentary debate initiated by the opposition about the Transatlantic Trade and Investment Partnership (TTIP)
The proposed Trans-Atlantic Trade and Investment Partnership (TTIP) is meeting increased resistance in Eastern Europe.
An ICSID arbitration panel rules in favour of Hungary against US/Israeli investors seeking €300 million in compensation for a failed casino project.
Hungary has given its strong support for the early ratification of the European Union-Singapore Free Trade Agreement (FTA).
The International Centre for Settlement of Investment Disputes (ICSID), in Washington, DC, will hear a case by Israeli investors seeking more than 100 billion forints (EUR 337m) in damages from the state of Hungary because of a failed casino investment, daily Magyar Nemzet said on its website on Saturday.
Japan and Hungary have agreed to work closely on Tokyo’s intention to sign a free trade agreement with the European Union, Japanese officials said.
Hungary and Qatar are expected to sign a slew of agreements, including investment protection and double-taxation avoidance, this year to strengthen economic relations.
The International Centre for Settlement of Investment Disputes (ICSID) has ruled in favor of the State of Hungary in a case brought against it by Norwegian telco Telenor, business daily Világgazdaság reported on Monday.
Ukraine’s President, Viktor Yushchenko has called for the creation of a free trade zone between his country and Hungary. Simultaneously, the country is working to establish a free trade zone with the EU and sign an associated membership agreement as early as in 2007.