David Landry

Social

“Urgent” upgrade needed for Hungaroring

Both a spokesperson and CEO of Hungaroring Sports have recently publicly stated that Budapest’s Formula One racetrack is in need...

Party Popularity

London groups, politicos look to stop Vona’s right-wing meet

Jobbik party president Gábor Vona seeks to meet with like-minded extreme rightists from the UK and Greece this upcoming weekend...

Analysis

Reports of money laundering up 80% through June ‘13

According to the National Tax and Customs Authority (NAV), reports of money laundering in Hungary totaled 6,160 in the first...

Awards

Minister: No need to meet Austrians on farm issue

Agriculture Minister Sándor Fazekas said on Saturday that there is no need for a meeting with his Austrian counterpart over...

Awards

Croatia government appeals to UN on MOL-INA talks

After a third round of talks between the parties over management of Croatia-based oil-and-gas company INA last week, the Croatian...

Party Popularity

Áder sets 2014 parliamentary election date for April 6

The ruling Fidesz-KDNP has officially called for the 2014 parliamentary election. On Saturday, President János Áder announced that the first...

Party Popularity

Áder sets 2014 parliamentary election date for April 6

The ruling Fidesz-KDNP has officially called for the 2014 parliamentary election. On Saturday, President János Áder announced that the first...

Tourism

Analysts: MNB will cut base rate by 0.10% again

In advance of today’s announcement from the National Bank of Hungary (MNB) on the central bank’s base rate, 80% of...

Recycling

Szeged superlaser construction could start in February

Construction of the European Union-supported superlaser center known as the ELI Attosecond Light Pulse Source (ELI-ALPS) at the University of...

Visits

Government plan to buy Dunaferr back in play

Hungary’s government has not scrapped a plan to buy troubled steelmaker ISD Dunaferr, Hungarian Energy Regulatory Authority (MEKH) president Lajos...

Visits

Orbán: Hungary needs Paks nuclear plant, more utility cuts coming

“Without the Paks nuclear power plant, the Hungarian economy cannot be competitive,” stated Prime Minister Viktor Orbán on Kossuth Rádió’s...

Competition

Shell fined HUF 25 million for false advertising

Fines assessed by the National Competition Authority (GVH) just keep on coming: Yesterday the body announced a HUF 25 million...

Issues

Töröcskei: Rumor killed RBI deal, Hungary not fascist

In an interview with Austria-based Der Standard, Government Debt Management Agency (ÁKK) CEO/Széchenyi Bank shareholder István Töröcskei expounded upon topics...

Visits

Paks negotiations continue; left wing incensed; no stand taken by Brussels

Though Russian and Hungarian parties have agreed in principle to a $16 billion contract which will see state-owned Rosatom construct...

Issues

Minister: ECJ could guide Kúria on forex loans

Hungary’s supreme court, the Kúria, was right in its decision to wait for the European Court of Justice (ECJ) to...

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...