David Landry

Show of support for Szeklerland in Hungary, Romania

This weekend saw demonstrations in Budapest, Debrecen, Szolnok and 14 towns in the Transylvanian segment of Romania in a show...

World

Croatia/Hungary/Ukraine gas corridor gets EU approval

The reported agreement on a Croatia/Hungary/Ukraine gas corridor that would draw from the Trans-Adriatic pipeline in an effort to control...

Advocate says 2028 Budapest Olympics possible

If there is continued economic growth and fiscal discipline, Hungary has a realistic chance of hosting the 2028 Olympic Games,...

Int'l Relations

Agreements with Kazakhstan, Taiwan evolving

The sitting government’s “Eastern Opening Policy” moves forward today, with Hungarian representatives in talks on bilateral relations in Kazakhstan and...

Competition

In memoriam: Sólyom Hungarian Airways (2013-2013)

Speaking of airline-related news, in case you missed it and/or were wondering, new national airline Solyóm Hungarian Airways, the dream...

Visits

Orbán delivers “battle cry” on national holiday

Hungarians must once more take up their metaphorical arms and go to battle to defend all that the country has...

Automotive

New Maruti Suzuki for EU to be built in Hungary

Combine Prime Minister Viktor Orbán’s official visit to India last week with this week’s positive news for auto manufacturers Audi...

History

Strengthening Hungary-China relations discussed

Foreign Affairs State Secretary Péter Szijjártó met with Communist Party of China Research Institute president/Central Committee member Rong Leng in...

Competition

Rogán: Legal solution could solve fx loan problem; no final decision on utilities

A legal solution could be the best option for Hungarian borrowers with foreign currency-denominated loans, Fidesz parliamentary group leader Antal...

Sights

Magyar Telekom named most transparent Hungarian company

The most recent annual survey of company transparency undertaken by Portfolio.hu was released yesterday. While reporting that overall transparency has...

EU

Eurostat: Hungary debt “unhealthy” but above average

Eurostat, The European Union’s official statistical office, today released its statistics on EU member states’ national debt totals for 2012....

Party Popularity

Election ’14: New Fidesz website; LMP flash mob; new party for Szili

The campaign season kicked into full gear over the weekend, it seems, as several major parties – and one brand-new...

Visits

Orbán: Nuclear energy to expand; S. Korea deal signed

As part of his official visit to India, Prime Minister Viktor Orbán detailed his ambitious plans for expansion of Hungary’s...

Awards

Condé Nast Traveler: Budapest second-best city for tourists in 2013

Hungary’s capital city can certainly take pride in its status among international tourism: The 2013 edition of Condé Nast Traveler’s...

War of words over Team Hungary football

After a humiliating 8-1 defeat to Netherlands in a World Cup 2014 qualifying match, Hungary’s national team coach Sándor Egervári...

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...