Magyar Nemzeti Bank asks domestic banks to reduce % rates on new green housing builds and retrofits

An investment fund established by the Export-Import Bank of China and other institutional investors based in central and eastern Europe, has agreed to acquire Hungarian telecommunications company Invitel Group at an enterprise value of €202 million (US$214 million).

CGA and TransAsia Lawyers successfully co-hosted a forum at the 8th China Overseas Investment Fair (COIFAIR) on 20 October 2016, drawing senior diplomats and executives to the lecture hall of the Beijing Exhibition Center. The forum addressed the political, financial, environmental, visa-related and other forms of risk to which Chinese enterprises should pay close attention when investing abroad, particularly in the One Belt, One Road (OBOR)...

Central and Eastern European Countries (CEECs) have played an increasingly pivotal role in China’s foreign policy considerations and are key partners to the Belt and Road Initiative (BRI). Cash-rich Chinese white knights have become highly sought-after by many struggling but promising CEE businesses, while generous funding for mega government-to-government (G-to-G) infrastructure projects and seed capital for start-ups are also providing...

KS Orka Renewables Pte Ltd of Singapore (KS ORKA), owned by China’s Kaishan Group, has signed an agreement to acquire 51% of Turawell Kft. (Turawell) from the Hungarian owner and project developer Miszori László.

The Hungarian Investment Promotion Session was held in Yantai, Shandong Province on 25 May 2016. Present at the session were a number of government officials and enterprise representatives from the Hungarian city of Miskolc, who presented a detailed introduction to their investment promotion policies before Chinese attendees.

Of the 65 countries along the route of China’s “One Belt, One Road” Initiative, 12 are defined as emerging markets. Except for India and China, most have seen a slowdown in economic growth.

Chinese Foreign Minister Wang Yi and Hungarian Minister of Foreign Affairs and External Relations Péter Szijjártó signed the Memorandum of Understanding between the Chinese Government and Hungarian Government Regarding Promoting the Construction of the Silk Road Economic Belt and 21st Century Maritime Silk Road in Budapest on 6 June 2015. Mr. Szijjártó expressed the interest of the Hungarian government to work with China through the “O...

Hungary is situated in Central Europe at a latitude of 45–48 degrees North and a longitude of 16–22 degrees East. Two thirds of the country is a plain, while the rest is undulating terrain. Just 2% of Hungary’s land area is at an altitude of more than 400 metres. Kékestető is the only mountain peak higher than 1,000 metres.