David Landry

Visits

Szijjártó logs 250,000 kilometers of travel in 18 months

Foreign Trade State Secretary Péter Szijjártó has travelled to 28 countries on 34 trips since his appointment in June of...

History

Martonyi: 2013 a success, Hungary has “warded off attacks”

Year 2013 has been a success in Hungary’s foreign relations with progress made in all important areas, Foreign Minister János...

History

TV news: TV2 management buyout; Eurosport off the air

Representatives of Hungary-based television station TV2 confirmed this week that CEO Zsolt Simon and CFO Yvonne Dederick have bought out...

Competition

Gambling legislation to be amended in 2014

After the rushing through Parliament of legislation in early December allowing for 11 new casinos to be established in Hungary,...

History

Report: Black market tobacco trade on increase in Hungary

While naturally no official statistics exist on the black-market tobacco trade in Hungary, a report from Agence France-Presse claims that...

Figures

Export, import volumes up in October

In its last release of the calendar year, the Central Statistics Office (KSH) today reports year-on-year rises in Hungary’s export...

Competition

Confidence index hits highest point since 2003

The GKI-Erste combined consumer-business confidence index has shown improving sentiment for several consecutive months and in November reached three-year statistical...

MNB

Report: >25% of Hungarian debt held by European banks

As of July 1, some 25.3% of Hungary’s €18.489 billion debt was held by 33 banks based outside the country,...

Visits

MVM signs contract on purchase of Főgáz stake

The state-owned Hungarian energy group MVM and RWE Gas International have signed the sale and purchase agreement for MVM to...

Telco

Average gross earnings HUF 227,800 in October ‘13

The Central Statistics Office (KSH) this morning released figures on Hungary’s average personal income; the numbers show growth to gross...

Pharma

Richter expands into Mexico with DNA Pharmaceuticals acquisition

Just days after announcing expansion in Brazil via acquisition of a 51% share in its marketing partner Next Pharma, Hungary-based...

Sights

FOX International to launch in Hungary in February

Be advised: Coming to Hungary in 2014 are an army of zombies and bands of international terrorists. Also serial killers,...

MNB

Parliament approves 2014 budget bill, more

Most important on the agenda in Parliament yesterday was the central budget bill for 2014 which as expected passed on...

EU

Minister: Hungary’s environmental status “generally favorable”

While describing Hungary’s environmental status as generally favorable, Environmental Affairs Minister Zoltán Illés nevertheless admitted yesterday in a press conference...

History

US Congressman “disturbed” by Hungarian government’s investigation of church

US Senator/Foreign Relations Committee member Ben Cardin (D-Md.) warned of the danger in the Hungarian government’s recently-launched investigation into the...

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...