David Landry

Pharma

Tire sales for Q1 up 21.3% in Hungary, 10% in EU

Data from the European Tyre & Rubber Manufacturers Association (ETRMA) shows that sales on tires for passenger cars and light...

Deals

Napi 100 Richest: Csányi tops again, porn king Gattyán no. 3

In teasing its annual “100 Richest Hungarians” list, this weekend local news portal Napi.hu teased a few details. To the...

Issues

ECJ: National courts can rule on FX loans

The European Court of Justice (ECJ) today ruled that it is within the competency of national courts to take legal...

Transport

Wizz Air announces timetable, expansion at three airports

Hungary-based budget airline Wizz Air has released its timetable for the winter season today, a schedule which shows that Wizz...

Analysis

MNB sets base rate at 2.50%; last cut in easing cycle?

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 10...

History

Wolf of Wall Street, Hobbit lead upswing in Hungary box office

Cinema ticket sales came to HUF 13.2 billion (almost $60 million) in 2013, up from HUF 11.9 billion in ‘12,...

Deals

Rubik’s Cube celebrates 40th birthday with New Jersey exhibition

Happy birthday wishes go out to Hungary’s contribution to the world’s toybox, as the Rubik’s Cube celebrates its 40th this...

Banking

EC nixes second reverse-VAT call for sugar sector

The European Commission has rejected a request by Hungary to introduce reverse VAT in the sugar sector, the National Economy...

Tourism

KSH: Unemployment rate improves to 8.3% in Q1 2014

The Central Statistics Office (KSH) today reported a 3.5% year-on-year decrease in Hungary’s unemployment rate to 8.3% for 2014 through...

Sights

EC launches infringement procedure against “plaza ban”

The European Commission has launched an infringement procedure against Hungary concerning a ban on the construction of large-scale shopping centers...

Deals

Hernádi urges speedy resolution of MOL-Croatia clash

MOL chairman/CEO Zsolt Hernádi urged a quick solution to issues over the fate of its stake in Croatia-based peer INA...

Initiatives

SEE Geothermal Conference in Vecsés next week

The local government of Budapest’s district XVIII has announced the “GeoSEE European Conference,” a meeting of geothermal energy specialists from...

Telco

CEO: MOL could invest $1 billion in acquisitions

Oil-and-gas giant MOL has the opportunity to spend as much as $1 billion on acquisitions, thanks to its strong balance...

Pharma

KSH confirms retail sales jump, pace for record year

The Central Statistics Office (KSH) confirmed another month of outstanding year-on-year growth for retail sales in Hungary, specifically a 6.7%...

Transport

After Donetsk closure, Wizz Air opens new Riga base

Hungary-based budget airline Wizz Air will open a base in Riga on June 19, with a new Airbus-320 aircraft, according...

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...