David Landry

Food

Survey: 91% without positive view of lending

Nearly two-thirds of those responding to a survey by the Hungarian branch of personal loan provider Cofidis said that they...

Visits

China in agreement to build Hungary/Serbia rail link [Updated]

Part of €10 billion in Chinese funding for infrastructure work promised to the Central Eastern Europe region some 18 months...

EU

Hungary omitted from EU’s top support group

Hungary has not been included in the group of European Union member states to receive a maximum of 95% of...

Deals

Aktuál Bau analysts expect fruitful 6-8 months

In announcing expected 18% growth to its net income in 2013, construction firm Aktuál Bau Kft also gave its analysts’...

Awards

Happy 60th: Observing The Golden Team’s Greatest Win

Today marks the anniversary of perhaps the single greatest day in Hungarian sports history: On this day in 1953, the...

Sights

US FDA rejects new drug application from Richter

The US Food and Drug Administration (FDA) has rejected Hungary-based pharmaceutical producer Gedeon Richter’s “New Drug Application” to distribute its...

History

Number of cigarettes cleared for sale in Hungary falls sharply

The number of cigarettes cleared for sale in Hungary fell 24% to 7.6 billion in January-September from the same period...

Telco

KSH: Net earnings in 2013 up 5%, gross up 3.6%

In the national economy – defined by the Central Statistics Office (KSH) as comprising corporations employing at least five persons,...

Music

Banks hammered with HUF 9.5 billion fine for “cartel activity”

The Hungarian Competition Authority (GVH) announced today that 11 banks representing a combined market share of nearly 91% in the...

Int'l Relations

€500 million of Hungarian investment for Vietnam

Talks on over €500 million worth of investments by Hungarian companies in Vietnam were discussed at a meeting of the...

Analysis

Sberbank Hungary launches MoneyGram services

Recently-rechristened Sberbank Hungary has launched MoneyGram cash transfer services in all 52 branches in the country, thereby joining a global...

History

RBI CEO plays coy on intentions for Hungary

Having already announced its planned scaling back in Hungary among other markets in region, a spokesperson for Austria-based Raiffeisen Bank...

Party Popularity

Election 2014: Voter poll shows Fidesz lead among all age groups

Left with little different to report its latest survey of registered voters in Hungary’s parliamentary elections of 2014 than the...

Competition

Hungary, Egypt in train manufacture agreement

Hungary’s Ministry of Transportation and the Egyptian Railway Authority have reached an agreement on development and manufacture of train cars...

Conferences

EBRD chairman, Orbán discuss SMEs, technology export

Prime Minister Viktor Orbán discussed the role of SMEs and the export of technology at a meeting with European Bank...

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...