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Hungary


PH gets Hungary’s support for EU free trade talks
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).
Hungary’s OTP sues Croatia for loan conversion damages
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.
Hungary held liable for expropriating the investment of a British investor and ordered to pay EUR 7 million in compensation for damages
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 appeals Sodexo award with ICSID
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.
Arbitration ruling from the ICSID delivered in favor of Sodexo’s benefits and rewards activities in Hungary
Hungarian State has been ordered to pay Sodexo an award of about 73 million euro, before interest.
Szijjártó meets with Belarusian counterpart in Minsk
Hungary and Belarus signed an investment protection agreement.
Chinese premier’s Hungary visit further enhances bilateral ties, China-CEE cooperation
China is willing to better dovetail the Belt and Road Initiative with Hungarian development strategies, expand bilateral trade and investment scale.
Hungary supports EU-Japan free trade agreement, foreign minister said on visit to Tokyo
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.
On failing TTIP, Orbán urges new Hungary-U.S. pact
The Hungarian government is seeking to sign a “new” trade pact with the United States as the planned TTIP “will not happen”
Green NGOs welcome the parliamentary resolution on the free trade agreements
Environmentalists urge the government to turn to the European Court of Justice on the issue of the planned Investment Court System.
Hungary will not back any EU-US trade deal that impairs court authority: PM
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.
Hungarian government, parties divided on EU-USA free trade talks
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)
Eastern Europe against TTIP Trojan Horse
The proposed Trans-Atlantic Trade and Investment Partnership (TTIP) is meeting increased resistance in Eastern Europe.
Washington court rules in Hungary’s favor in cancelled casino investment case
An ICSID arbitration panel rules in favour of Hungary against US/Israeli investors seeking €300 million in compensation for a failed casino project.
Hungary supports EU-Singapore free trade agreement
Hungary has given its strong support for the early ratification of the European Union-Singapore Free Trade Agreement (FTA).
Israeli investors seek damages from Hungary in international arbitration court
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.
Kan wins Hungary’s support for Japan to strike FTA deal with EU
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.
Qatar and Hungary to sign economic cooperation
Hungary and Qatar are expected to sign a slew of agreements, including investment protection and double-taxation avoidance, this year to strengthen economic relations.
International court rules in favor of Hungary in Telenor case
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 president urges setting up free trade zone with Hungary
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.