David Landry

Figures

Inflation up 0.4% y.o.y. on tobacco/utilities tug-of-war

The Central Statistics Office (KSH) numbers for inflation in December 2013 show that consumer prices in Hungary increased by 0.4%...

Deals

Court upholds fine for Napi Gazdaság MOL speculation

A court ruling has upheld fines of HUF 3 million each levied on Napi Gazdaság Kiadó and news portal Napi.hu...

Recycling

Kremlin promises “substantive discussions” on Paks

We can now up our expectations for a large-scale agreement between the Hungarian and Russian government with regard to management...

History

One-third of Hungarian Facebook users cut back

In its study of some 1,292 Facebook users, including 1,192 aged 13 to 25, FacebookTippek.hu found that 31% of young...

Recycling

Orbán to Moscow, Paks nuclear plant deal expected

Prime Minister Viktor Orbán will be in Moscow tomorrow; it is widely anticipated that nuclear-energy issues will be high on...

Tourism

World Bank: $2.4 billion sent home to Hungary in 2013

A newly-released report from the World Bank shows that a whopping $2.4 billion was sent into the country from Hungarian...

Awards

PwC: Eurozone “gets mojo back”, Brazil wins World Cup in 2014

The outlook is almost surprisingly optimistic in this month’s Global Watch Report from international business consultancy/services firm PricewaterhouseCoopers with promises...

Int'l Relations

Azerbaijan-Hungary commission meeting set

From Azerbaijan, Hungarian ambassador Zsolt Csutora announced this week that the fourth meeting of the Azerbaijani-Hungarian Intergovernmental Commission on Economic...

Deals

MOL to invest $1 billion yearly in M&A

In an extensive interview with Reuters news service released today, MOL executive VP for exploration and production Alexander Dodds revealed...

Tourism

Strong showing puts accommodation industry up 7.1%

The Central Statistics Office (KSH) released some numbers on Hungary’s tourist accommodation industries in November 2013, with the key figure...

Deals

Cineworld to buy CCI, become no. 2 cinema operator in Europe

In a move that would make it the second-largest cinema operator in Europe – and surely the largest in Hungary...

Analysis

MNB deputy governor: Easing “not a done deal”

National Bank of Hungary (MNB) deputy governor Ádám Balog spoke with Reuters yesterday on the easing cycle in which the...

Sights

Four Hungarians found guilty of UK sex trafficking

After a seven-week trial in Britain, four Hungarian and one British citizens have been found guilty of conspiring to run...

Telco

Trade surplus of €804 million for Hungary in November

Today’s release of figures from the Central Statistics Office (KSH) focuses on the import/export market; the numbers show a 0.8%...

Recycling

MOL begins crude oil export from Iraq

MOL has announced the start of crude oil exports by partnering company Gulf Keystone from the Shaikan Block in Iraq’s...

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...