David Landry

Banking

ECJ rules Hungary’s tax on retailers discriminatory

The European Court of Justice on Wednesday ruled that Hungary's sectoral tax on retailers is discriminatory, putting companies with owners...

Office Market

Ablon appoints rental agents on four Budapest office buildings

Developer Ablon Group yesterday announced the appointment of Cushman & Wakefield and Jones Lang LaSalle as co-exclusive rental agents for...

Industrial

Prologis reports 89.5% occupancy rate in CEE properties

International real estate owner/developer Prologis, Inc. yesterday released some statistics on company activity in 2013, starting with the 1.15 million...

Sights

MNB investigation: Were news reports of ÁKK bonds “undue market influence”?

In its capacity as financial market regulator, the National Bank of Hungary (MNB) yesterday reported the launching of a review...

Deals

KBC on Hungary’s flattening yield curve

Analysts from KBC Group, the owners of Hungary-based K&H Bank branches and frequent deniers of an exit from the country,...

EU

EC: Hungary anti-corruption policy “ambitious”, “concerns remain”

The European Commission acknowledged “ambitious” policies in Hungary to fight corruption but said political party financing, control mechanisms for public...

Rabbinical Center plans Budapest conference, protest

As a response to what is seen as a rise in anti-Semitism in Hungary (and a concomitant rise in popularity...

History

Orbán opens Parliament session with tough talk

Prime Minister Viktor Orbán appeared before the opening session of Parliament’s spring season today, clearly feeling confident about the chances...

Pharma

Richter to show Q4 profit, downgraded by Erste

With BSE blue-chip Gedeon Richter to announce its earning report for the fourth quarter of 2013 next week, speculation is...

Visits

Paks plant bill submitted; left reacts at rally

On Friday, National Economy Minister Mihály Varga submitted a bill to parliament calling for the expansion of the Paks nuclear...

In Hungary

MKEH director dismissed amid e-till controversy

National Economy Minister Mihály Varga has dismissed Péter Király from his position as general director of Hungary’s Commercial Licensing Office...

Gyurcsány: New tax rate if left coalition wins election

Former prime minister/current Democratic Coalition (DK) party co-president Ferenc Gyurcsány stated in an interview on commercial television station TV2 yesterday...

Visits

US House Rep says Orbán “in leading role in battle against anti-Semitism”

In general, Prime Minister Viktor Orbán and his government take a lot of flak on civil rights issues and the...

History

KBC again denies K&H Bank exiting Hungary

For a second time in two months, Belgium-based KBC Group has officially denied rumors that it will be selling off...

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...