David Landry

Pharma

Greenpeace leads protest of bio-farm nationalization

A recent decision by the National Land Fund Management Organization (NFA) to privatize an organic farm in Kishantos drew protest...

Awards

Weapons-grade uranium removed from Hungary

The U.S. Department of Energy (DoE) yesterday announced that the removal of some 49.2 kilograms of highly enriched uranium (HEU)...

Sustainability

Beyond Budapest, construction in Hungary declining

According to newly-released figures from the Central Statistics Office (KSH), 4077 new dwellings were built, 37% fewer than a year...

EU

V4 meeting: EU expansion supported, US official queried

The annual meeting of Visegrád Four (Hungary, Czech Republic, Poland, Slovakia) countries’ foreign affairs ministers concluded in Gödöllő last week,...

Sights

TeSzedd campaign finishes successfully; minister touts new environment-consciousness

The national “TeSzedd!” (lit. “You Pick It!”) refuse collection drive has closed for the year, with a record 1,025 settlements...

History

Hungary, Oman coming together on aviation, sport, water management

Foreign Ministry Deputy State Secretary Péter Wintermantel concluded an official visit to Oman this week in a bid to exploit...

Competition

Report: Hungary’s SSCs “an untold success story”

A survey undertaken by PwC Hungary and the national American Chamber of Commerce (AmCham) shows a high level of satisfaction...

Figures

KSH: External trade surplus €613 million in August

In the eighth month of 2013, the export volume of external trade in goods increased by 1.4%, while the volume...

Food

Erste CEO retains positive outlook on Hungary

Despite his previous characterization of the political/economic situation in Hungary with regard to his bank as an “ordeal,” Erste Group...

Awards

Hungary/Nigeria sport agreement, football friendly ahead?

Foreign Trade State Secretary Péter Szijjártó is in Nigeria this week meeting with various business interests and government officials in...

Weather

Univer pledges 100% Hungarian paprika use despite poor crop

“Thanks” to a March-October growing season bookended by unseasonably cold weather and culminating in a death blow of frost in...

Food

Report: 47% of Hungarians living in poverty

Nearly half of Hungarians live in households where poverty, unemployment or social disenfranchisement are present, a representative survey from the...

Tourism

KSH: Unemployment rate 9.8%, lowest since Q2 2009

New figures released by the Central Statistics Office (KSH) show that in the third quarter of 2013, the number of...

Retail

Hungary suspected base of German PET bottle scam

German authorities suspect that Hungary is the base of a high-value scam involving container deposits on plastic bottles, news outlet...

Competition

Purchasing power in Hungary <39% European average

Purchasing power per capita in Hungary comes to the equivalent of €5,009 a year, or 38.9% of the European average,...

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...