David Landry

Figures

Analysts: CPI downturn surprising, no deflation risk

Hungary’s consumer price inflation unexpectedly weakened in October after rising in the previous month, latest data showed Tuesday. The consumer...

Issues

EU General Court ruling saves MOL €122 million penalty

Overturning a European Commission decision of 2010, the European Union General Court today exonerated oil-and-gas giant MOL from a penalty...

Telco

Sources: EC to give Hungary e-toll system good marks

The European Commission has found Hungary’s new toll on trucks and lorries worth recommending to other European Union member states,...

Banking

Demján: Hungary needs 10-year plan for trade sector

National Association of Entrepreneurs and Employers (VOSz) president Sándor Demján today stated that government and business leaders must consider formulation...

Issues

Israeli investors seek damages from Hungary in int’l court [Updated]

The International Centre for Settlement of Investment Disputes (ICSID), in Washington, DC, will hear a case by Israeli investors seeking...

EU

Hungary in 10-nation “Gate One” strategic airspace alliance

Hungary-based air-traffic control service HungaroControl has come together with nine peer air-navigation service providers (ANSPs) to form the “Gate One”...

Automotive

Industrial production increases 5.5%; evidence of turnaround?

In September 2013, Hungary’s gross industrial output rose 5.5% compared to the same month of 2012, according to preliminary data...

Telco

$67 million expansion for Monsanto in Nagyigmánd

US-based agribusiness Monsanto inaugurated a $67 million (approximately €50.25 million) expansion at its seed plant in Nagyigmánd today, one of...

Deals

StarKing rebrands before Hungarian, European expansion

Malta-based Hili Salomone Ltd yesterday launched its new brand name for its Hungary-based Apple premium reseller outlets: Heretofore, the previously-named...

Telco

New gambling law: Double fees, no tender required

Legislation approved by Parliament this week will allow the state to choose “reliable gambling organizers” to establish casinos or other...

Analysis

Bajnai comments on Orbán’s “phoney wars”

Former prime minister/current Együtt 2014 (E14-PM) party president Gordon Bajnai had an editorial published on the Financial Times website yesterday...

Deals

Economy ministry seeks to create logistics services hub in Hungary

The government has approved a mid-term strategy for Hungary’s logistics sector that aims to turn the country into a hub...

Competition

Strategic agreement with Telenor announced

The Hungarian government has entered into its 32nd strategic agreement with a private company, as Prime Minister Viktor Orbán yesterday...

History

Closer economic cooperation with Russia sought

Foreign Trade State Secretary Péter Szijjártó met with the Tatarstan, Russia, regional deputy premier Ravil Muratov in Budapest yesterday in...

Government: No comment on Horthy statue

Facing exactly the sort of international critical scrutiny with a shaky reputation for civil rights, the sitting government will offer...

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...