David Landry

Analysis

Barclays: Weak forint will halt MNB easing cycle

The weak forint is likely to lead the National Bank of Hungary (MNB) to suspend its easing cycle after a...

Conferences

Six green firms take on EU goals in Brussels

Leaders of six green energy firms (Acciona Energia, Alstom, ERG, Enercon, RES and Vestas) doing business on The Continent have...

EU

Reporters Without Borders slams Hungary, sees weakening EU

The annual World Press Freedom Index as published by Reporters Without Borders (RWB) was released this week, with the latest...

EU

Schönherr revamps CEE office for greater regional presence

Central and Eastern European corporate law firm Schönherr today announces its expansion and opening of its revitalized office in Brussels....

Tourism

KSH: Tourism industry see slight uptick in December

From the Central Statistics Office (KSH): In December 2013, the number of domestic tourism nights in Hungary rose 8.9% year-on-year,...

MNB

Nomura on Hungary: forex loan policy a mess

Representatives of international research firm Nomura visited Budapest earlier this month in meetings with officials from the National Economy Ministry,...

Deals

MTel owner DT acquires last T-Mobile Czech Republic shares

Deutsche Telekom (DT), majority owners of Magyar Telekom (MTel), have bought out the remaining 40% of shares available in its...

Sights

MaZsiHiSz: No Jewish participation in Holocaust events

After a meeting attended by representatives from Hungary’s Jewish communities, the leadership of the Federation of Hungarian Jewish Congregations (MaZsiHiSz)...

Deals

Former MKB CEO tapped for top job at CIB Bank

In hopes of getting a Hungarian market relaunch started for its CIB Bank branches, Intesa Sanpaolo has named Dr. Pál...

Music

KSH: Trade surplus up €617 million in 2013

The Central Statistics Office (KSH) today released preliminary figures on the final data on Hungary’s import and export trade in...

Awards

Sochi Games: PwC predicts nice showings by Austria, Russia

Along with its Global Economy Watch report issued today, the folks at Pricewaterhouse Coopers (PwC) put their analytic skills to...

Analysis

Believe the hype on economic recovery? PwC says yes (mostly)

In the latest, just-released edition of its Global Economy Watch report, Pricewaterhouse Coopers (PwC) seeks straight from its title to...

Deals

Single bidder for state’s stake in Takarékbank

The government-appointed committee overseeing a tender for the state’s 54.85% share of saving cooperative central bank Takarékbank today announced that...

Int'l Relations

Report: Hungary’s Jewish groups declining Holocaust event grants

A report from the Jewish Telegraphic Agency (JTA) international news service informs that, while leaders of Hungary’s Jewish communities meet...

Competition

AAA Auto returns to Hungary after five-year sojourn

AAA Auto yesterday announced its reentrance into the Hungarian market, replete with the ambitious goal to “again become the largest...

Visits

Hungary: Loving it, leaving it

When I first came here, local folks mostly asked me “Why Hungary?” Now when I tell them I’m leaving, they...

Int'l Relations

Szijjártó declares end of classic diplomacy

Perhaps gearing up for the rumored merging of foreign trade and foreign affairs ministries in a new government composition to...

Party Popularity

EP election: Fidesz, Jobbik tops on low voter turnout

Cruising to a landslide victory in which the governing Fidesz-KDNP coalition garnered 51.5% of the vote, opposition party MSzP and...

Deals

Ablon rechristened as CPI Hungary

Due to the takeover of its Hungarian operations by Czech Republic-based CPI Group in mid-2013, real estate firm Ablon has...

MNB

Debt rises to all-time high, government spins figure

Hungary’s gross consolidated government sector debt, calculated at nominal value, in line with the Maastricht methodology, rose to HUF 24.904...

MNB

Debt rises to all-time high, government spins figure

Hungary’s gross consolidated government sector debt, calculated at nominal value, in line with the Maastricht methodology, rose to HUF 24.904...

World

Dep. CEO: OTP Bank will not withdraw from E. Ukraine

Following the release of OTP Bank’s first quarter earnings report showing disappointing results due in large part to heavy losses...

MNB

Inflation rate concerns Varga, MNB deputy governor

National Economy Minister Mihály Varga on Thursday said the economy is in “top form” and the country’s fiscal position is...

Int'l Relations

Oslo awaits response from Hungary on suspended grants

Talks between Hungary and Norway on the suspension of funding from the EEA and Norway Grants scheme are not underway...

Automotive

Industrial output in March up 10.6% y.o.y.

Figures released by the Central Statistics Office (KSH) today indicate that in March 2014, industrial gross output in Hungary increased...

Deals

MOL: Report on management of INA “shameful”

Oil-and-gas giant MOL termed “shameful” the report of advisory Oil and Gas Consulting to the government of Croatia on MOL’s...

Initiatives

Epson study considers trends in SME printing habits

A study commissioned by Epson Hungary and undertaken by KutatóCentrum sheds some light on trends in printing among local small-...

Initiatives

Orbán supports Poland plan for EU energy union

Prime Minister Viktor Orbán was in Poland this week to meet with his counterpart Donald Tusk on various issues headlined...

Deals

Nine of 35 banks to contest National Bank fines

Nine lenders, among them Raiffeisen Bank, Erste Bank Hungary and FHB Commercial Bank, are contesting fines by the National Bank...

Pharma

Michelin to close Budapest plant due to “shrinking tire market”

Michelin Hungária today announced the planned closure of its plant in Budapest. Labeling the facility “outdated,” the plant will be...

Hungary: Loving it, leaving it

When I first came here, local folks mostly asked me “Why Hungary?” Now when I tell them I’m leaving, they...

Szijjártó declares end of classic diplomacy

Perhaps gearing up for the rumored merging of foreign trade and foreign affairs ministries in a new government composition to...

EP election: Fidesz, Jobbik tops on low voter turnout

Cruising to a landslide victory in which the governing Fidesz-KDNP coalition garnered 51.5% of the vote, opposition party MSzP and...

Ablon rechristened as CPI Hungary

Due to the takeover of its Hungarian operations by Czech Republic-based CPI Group in mid-2013, real estate firm Ablon has...

Debt rises to all-time high, government spins figure

Hungary’s gross consolidated government sector debt, calculated at nominal value, in line with the Maastricht methodology, rose to HUF 24.904...

Debt rises to all-time high, government spins figure

Hungary’s gross consolidated government sector debt, calculated at nominal value, in line with the Maastricht methodology, rose to HUF 24.904...

Dep. CEO: OTP Bank will not withdraw from E. Ukraine

Following the release of OTP Bank’s first quarter earnings report showing disappointing results due in large part to heavy losses...

Inflation rate concerns Varga, MNB deputy governor

National Economy Minister Mihály Varga on Thursday said the economy is in “top form” and the country’s fiscal position is...

Oslo awaits response from Hungary on suspended grants

Talks between Hungary and Norway on the suspension of funding from the EEA and Norway Grants scheme are not underway...

Industrial output in March up 10.6% y.o.y.

Figures released by the Central Statistics Office (KSH) today indicate that in March 2014, industrial gross output in Hungary increased...

MOL: Report on management of INA “shameful”

Oil-and-gas giant MOL termed “shameful” the report of advisory Oil and Gas Consulting to the government of Croatia on MOL’s...

Epson study considers trends in SME printing habits

A study commissioned by Epson Hungary and undertaken by KutatóCentrum sheds some light on trends in printing among local small-...

Orbán supports Poland plan for EU energy union

Prime Minister Viktor Orbán was in Poland this week to meet with his counterpart Donald Tusk on various issues headlined...

Nine of 35 banks to contest National Bank fines

Nine lenders, among them Raiffeisen Bank, Erste Bank Hungary and FHB Commercial Bank, are contesting fines by the National Bank...

Michelin to close Budapest plant due to “shrinking tire market”

Michelin Hungária today announced the planned closure of its plant in Budapest. Labeling the facility “outdated,” the plant will be...