David Landry

Telco

Forint continues falling after dark Wednesday

After tumbling along with other emerging-market currencies past a rate of HUF 306 to €1 due to a surprisingly aggressive...

World

Foreign Affairs Minister on Ukraine, Paks

As tensions between the sitting government and populace in neighboring Ukraine increase, Foreign Affairs Minister János Martonyi stated this week...

Deals

ÁKK blasts “scare-mongering,” says €1 billion bond paid

The Government Debt Management Agency (ÁKK) transferred all dues on a bond expiring on January 29 on Wednesday morning, according...

Tourism

KSH: Unemployment decreases to 9.1% in 2013

From the Central Statistics Office (KSH): In the fourth quarter of 2013, the number of unemployed people was 403,000, some...

Interview

Hungarian unions to join European air traffic controllers’ labor action

Four Hungarian air traffic controllers’ unions will join a European Transport Workers’ Federation (ETF) labor action called for Thursday, January...

Analysis

Leave the devices on: Wizz Air implements EASA policy

Per an official announcement from the company, as of today the use of electronic devices will be allowed for the...

Telco

MSzP files complaint with EC on E.ON sale

The European Commission (EC) has sent to the Hungarian authorities a complaint filed regarding the Hungarian state’s purchase of the...

Analysis

PwC sees optimism worldwide among CEOs – except in CEE

PwC’s 17th Annual Global CEO Survey was released last week, with company heads generally showing unprecedented optimism in terms of...

History

Rogán: Utility price cuts in ’14 start with natural gas

Those “nice little cuts” to utility prices that Prime Minister Viktor Orbán promised last week are indeed coming: According to...

Recycling

More on Paks deal, future energy co-ops revealed

More information is coming out today regarding what exactly was discussed and/or agreed upon during Prime Minister Viktor Orbán’s official...

Tourism

CBRE: Investment property market to grow 10%-30%

Turnover on Hungary’s investment property market was valued at €270 million last year, and this year the amount is expected...

Sights

Terrorist threat to Hungarian Olympic athletes: Stay home

Fears of a possible terrorist attack against athletes at the 2014 Winter Olympic Games in Sochi have hit home: In...

Automotive

Auto news: Opel still market leader, Audi output up

Germany-based vehicle manufacturer Opel led Hungary’s new passenger car market last year for the third year in a row, selling...

Conferences

New US Ambassador to “work tirelessly to uphold democratic values”

Television producer/large-scale Obama campaign contributor Colleen Bradley Bell is getting ready to assume her post as US ambassador to Hungary;...

Competition

IBM commits $1.2 billion to cloud network

Via IBM Magyarország comes word of the parent company’s big plans internationally for cloud computing, specifically last week’s official commitment...

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...