David Landry

Music

Good news for OTP, K&H; RBI considers position

Yesterday was busy in terms of bank-related news, and BBJ rounds up three of the bigger stories from the headlines...

Construction

Construction output volume up 9.3% in September

As in previous months, the Central Statistics Office (KSH) was today able to report a continuing increase in construction output,...

Visits

Orbán: More funding for culture, science — and a pool for every district

Upon attending the opening of a new 30,000-square meter natural science research center at the Hungarian Academy of Sciences (MTA),...

Analysis

Raiffeisen CEO: Hungary higher priority for bank

Raiffeisen Bank International AG (RBI) CEO Karl Sevelda reiterated his bank’s intention to scale down business in Slovenia, Ukraine and...

Sights

AmCham names Réka Porst “Woman Entrepreneur of the Year”

The American Chamber of Commerce (AmCham) has announced the naming of Meska.hu co-founder/director Réka Porst the winner of its fourth...

Recycling

Fiskars thanks MOL for 350% increase in sales

Finland-based Fiskars (billed as producers of “The World’s #1 Scissors Brand”) announced expected profits from its product distribution in Hungary...

Automotive

Industrial production volume increases 5.5% in September

The Central Statistics Office (KSH) today informs that in September 2013, industrial gross output rose by 5.5% compared to the...

Elections

Bajnai on past mistakes, Orbán’s popularity, election

Austria-based Die Presse yesterday ran an extensive interview with current opposition party E14-PM president Gordon Bajnai in which the former...

MNB

Deputy CEO: Taxes “significantly burden” OTP Bank profitability

After an announcement of not exactly shining third-quarter results, OTP Bank deputy CEO László Bencsik stated at a press conference...

Conferences

Twenty Hungarian workers “systematically bullied,” “exploited” in Australia

A group of 20 Hungarian laborers brought to Australia on temporary work visas by Austria-based Assmont Steel Construction Gmbh have...

Analysis

Surprising 1.7% upward swing for Hungary GDP

Reported the Central Statistics Office (KSH) in a flash estimate: On the basis of the preliminary estimation of HCSO, the...

Deals

Croatia PM: Talk of INA buyout “irresponsible and frivolous”

The drama of negotiations between the Croatian government and oil-and-gas company MOL over ownership of Croatia-based peer INA continues, with...

Food

BusinessEurope forecasts 1.3% GDP growth in ’14

Add another to the list of groups expecting decent GDP growth for Hungary in 2014: According to news service MTI,...

Recycling

Strongest customer loyalty for mobile carriers, phones

An internet survey of over 29,000 Europeans undertaken by market research company Nielsen shows that the strongest brand loyalty among...

EU

Sunflower prices down 22%, agriculture prices down 13.7%

New statistics released by the Central Statistics Office (KSH) on agricultural producer prices were quite stunning, with massive drops in...

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...