David Landry

Sights

Thai President Foods to buy Hungarian plant

Thailand-based Thai President Foods, hoping to take advantage of Europe’s general economic malaise, seeks to buy an unnamed extant Hungarian...

Competition

Decree “represents natural gas nationalization”

The Hungarian Energy Regulatory Office (MEKH) published a decree on Wednesday that prohibits gas distributors from accounting network losses as...

Deals

MNB to investigate MOL, Richter share drops

The National Bank of Hungary (MNB) will soon be flexing its muscles as the new financial market regulator in relation...

Tourism

Foreign Affairs Ministry touts EU enlargement

In response to a European Commission report on European Union expansion released on Tuesday, the Foreign Affairs Ministry yesterday stated...

Interview

Fidesz MEP: Tavares Report actually written by Göncz

Three months after the release of the Tavares Report which attracted international attention by calling into question the current government’s...

Int'l Relations

Indian medicine reaches for EU through Hungary

As part of Prime Minister Viktor Orbán’s visit to India this week, a Memorandum of Understanding which paves the way...

Food

Poll: 91% of Hungarian Jews say anti-Semitism up

An online poll of over 5,000 Jewish citizens taken by the European Union Agency for Fundamental Rights in nine European...

Deals

MOL denies corruption rumors, stock falls far regardless

A report from local media had MOL representatives scrambling to do damage control yesterday, but share prices fell significantly despite...

Visits

ECB requests info on forex loan bailout plan

The government has received a request for information on proposed measures for forex-based loan relief aid by European Central Bank...

In Hungary

War crimes charges levied against former Communist official

Former minister of the interior Béla Biszku, 92, has been formally accused for his actions in suppressing the Hungarian Uprising...

History

“Battlegroup” for Visegrád Four in 2016

The prime ministers of the Visegrád Four group (Hungary, Czech Republic, Poland, Slovakia) who met this week in Budapest have...

Automotive

KSH: Industrial export sales up, gross output down in ‘13

According to the Central Statistics Office (KSH), industrial gross output declined by 1.4% year-on-year in August 2013. Transport equipment manufacture...

World

Visegrád Four: No new nuclear regulations

A meeting of Visegrád Four (Hungary, Czech Republic, Poland, Slovakia) leaders is currently taking place in Budapest, with yesterday’s primary...

Government

Left wing-applicant denied entry to Békéscsaba by-election

Katalin Kovács, a joint nominee of left-wing parties MSzP, Together 2014-Dialogue for Hungary (E14-PM), the Democratic Coalition (DK) and the...

History

Raiffeisen CEO: “We want to stay in Hungary”

Despite certain rigid measures against the banking industry in Hungary – at a cost to Austria-based Raiffeisen Bank International (RBI)...

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...