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Hungary


Hungary’s EU presidency to back ‘quick’ FTA talks with PH: FM
Hungary, as the incoming president of the Council of the European Union, will push for the early conclusion of the bloc’s free trade agreement talks with the Philippines, its visiting foreign minister said.
Hungary digs in against Europe’s Africa-Caribbean-Pacific deal
Something has to give, and it’s either Hungary, the European Union, or a decadeslong partnership between the EU and 79 African, Caribbean, and Pacific states that many say has had its day.
BIT with Hungary likely next month
Pakistan and Hungary are likely to finalise Bilateral Investment Treaty (BIT) next month during the visit of Foreign Minister Bilawal Bhutto Zardari to Budapest.
Hungarian oil giant MOL to sue Slovak government for windfall tax
MOL and its Slovak subsidiary Slovnaft are working on a lawsuit against the government for the new windfall tax which aims to raise funds to help with expensive energy for more affected industries and households.
Proposed BIT with Hungary: Differences emerge between BoI, ministries over proposal
There are two sticking points in the negotiations of the Pakistan-Hungary BIT: one is “Expropriation” and the other is “Subrogation”.
Croatia loses international arbitration against Hungary’s MOL over gas business
Croatia has lost an international arbitration case launched by Hungarian oil and gas group MOL over Zagreb’s failure to fulfil obligations under an agreement about the gas business of the jointly owned Croatian oil company INA.
Pak-Hungary investment treaty underway
Pakistan is in the process of signing a bilateral investment treaty with Hungary and the first round of negotiations were held in Islamabad, Minister of State and Chairman Board of Investment said.
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.