HungaryTrends – The week in business and finance

See below main business and financial news from the previous week:

Hungary-Russia space projects, selection of Hungarian astronaut to start

Foreign Minister Péter Szijjártó on Friday signed agreements with the director of Russian state space research company Roscosmos about the launch of Hungary-Russia space research projects and the selection and training of a Hungarian astronaut to be sent to the International Space Station (ISS) in 2024-2025. Read more HERE.

HUNGARY TO LAUNCH 20-YEAR BENCHMARK BOND

The Government Debt Management Agency (AKK) announced plans for the launch of a 20-year benchmark bond in January. At present, the 15-year government bond is the benchmark with the longest maturity.

• Hungary has the 9th cheapest coffee of 76 countries!

PLANNED T-SYSTEMS HUNGARY ACQUISITION FALLS THROUGH

IT company 4iG initiated the termination of talks on its planned acquisition of peer T-Systems Hungary from Magyar Telekom. Chairman-CEO Gellert Jaszai said the decision to walk away from the deal was “a rational one taken solely on the basis of business considerations”.

SUEZ TO INVEST HUF 9.6 BN IN EXPANSION IN HUNGARY