David Landry

Retail

Kúria decision avoids “worst-case scenario,” bankers relieved

In response to the Kúria’s decision regarding outstanding forex-based loans, a pair of Budapest-based brokers opined to national news service...

Int'l Relations

Szijjártó: Hungarian families are man, woman and children

Foreign Trade State Secretary Péter Szijjártó has returned from Israel after two days’ worth of meetings there late last week....

Issues

Kúria may not give decision on fx loans today

The Kúria, Hungary’s supreme court, has announced a press conference scheduled for noon CET today; many are expecting the court...

EU

EU court sides with Hungary, overturns decision on GMO potato

The General Court of the European Union announced the annulment of a European Commission (EC) which had allowed the marketing...

World

Oettinger: EC not opposed to South Stream

European Union Energy Commissioner Günther Oettinger has assured that the European Commission is not in opposition to the South Stream...

Energy Trade

PM, Gazprom chairman in agreement on South Stream pipeline [Updated]

An agreement on planning the Hungarian stretch of the South Stream pipeline was signed in Budapest on Wednesday, in the...

Recycling

Eltex again named a P&G “Partner of the Year”

Hungary-based waste management company Eltex Ltd. has once again won kudos from international conglomerate Procter & Gamble (P&G), in landing...

MNB

Court rules against bank in forex loan case

A single case involving forex-based loans has been ruled upon and with some 2,500 more lawsuits awaiting judgment, a precedent...

In Hungary

Study: Hungarians work more for taxes than any in CEE region

In a survey of salary taxation in six Central and Eastern European countries, Romania-based outsourcing/advisory company Accace has found that...

Figures

KSH: Inflation increases 0.9% in November

According to figures released by the Central Statistics Office (KSH) today, consumer prices in Hungary increased by 0.9% year-on-year in...

Food

Agriculture production output up 4% in 2013

According to preliminary data released by the Central Statistics Office (KSH) today, the output value of domestic agriculture was 4%...

Sights

Parliament rushes, passes new gambling law

After speeding up consideration of amendments on gambling law in Hungary, Parliament this morning approved new law which allows for...

Retail

Hervis Hungary goes multi-channel in time for Christmas

Austria-based sporting goods retail chain has launched in four countries including Hungary what it calls a “multi-channel sales approach.” The...

Telco

Report: Government set to buy RWE stake in Főgáz

Pencil in Főgáz Zrt to the list of utilities and utility-related companies to be de-privatized by the sitting government since...

Hotels

Buddha-Bar Hotel Budapest takes prestigious prize

Congratulations are due to Mellow Mood Hotels, as its Buddha-Bar Hotel Budapest Klotild Palace took the “Best Hotel Interior” award...

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...