David Landry

Telco

Hungarian exports, imports, trade balance all up in October

Statistics released by the Central Statistics Office (KSH) today show that exports and imports increased by 4.7% and 2.7% year-on-year,...

Analysis

PwC: Eurozone “not a drag on global GDP” in 2013

International business consultancy/services firm PricewaterhouseCoopers has released its Global Economy Watch for December 2013, a wide-scope macroeconomic view that this...

Awards

Gebrüder Weiss, SMR AMT bag prizes at Translog logistics congress

The third annual Translog Connect Congress for the Central and Eastern Europe-based logistics industry was held in Budapest in late...

Party Popularity

Nézőpont projects five-party parliament, Fidesz victory

The latest poll from the Nézőpont research institute has the governing Fidesz party winning reelection in the 2014 general elections,...

Deals

Gide expands in SEE under auspices of Budapest regional center

As part of its expansion strategy in Eastern Europe and South East Europe, international law firm Gide Loyrette Nouel announced...

Analysis

OECD: Hungarian students fall below international averages

Some stunning and disappointing news came Hungary’s way this week with the release of results from the Organisation for Economic...

Int'l Relations

Martonyi in historic official visit to Philippines

The arrival of Foreign Affairs Minister János Martonyi in the Philippines today signifies more than just another official tour or...

In Hungary

New bill would open communist-era secret files

In a move seemingly well past its due date, Justice Minister Tibor Navracsics announced the introduction of a bill in...

Analysis

Hungary GDP up 1.8% in Q3; EU-28 up 0.2% q.o.q.

From the Central Statistics Office (KSH): The gross domestic product of Hungary increased by 1.8% according to raw data and...

Conferences

Skanska takes CEE award for Green House

Real estate company Skanska Property Hungary took home a nice prize from last week’s third annual Europa Property CEE Green...

Banking

Fidesz: Tax fraud must be punished

Tax fraud must not go unpunished but it is up to the public prosecutor’s office to clarify whether the statements...

History

TI drops Hungary in Corruption Perception Index ranking

In what the organization’s local managing director called “a step backward,” Transparency International dropped Hungary one place in the ranking...

Deals

Forint down again, weakest since January

After a week of slides by the forint, the drop in value of the national currency continued yesterday, hitting HUF...

Initiatives

Áder: “Excellent business opportunities” in Kuwait

President János Áder was in Kuwait yesterday, where he signed a handful of cooperation agreements with the central government there....

Issues

Forex-based loan legality before Constitutional Court

This week, the Constitutional Court will begin consideration of questions regarding forex-based loan contracts vis-à-vis national law; on Friday, 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...