David Landry

Conferences

World Water Summit in Budapest: Quotes, highlights

The World Water Summit, a meeting of some 1,250 from nearly 100 countries around the world, closed on Friday with...

Elections

Fidesz takes Baja by-election; left calls win Pyrrhic victory

While the opposition coalition of MSzP-E14-DK was certainly pleased to have received a legal decision requiring a revote in a...

MNB

Audit office: 2014 deficit target can be met

The Hungarian Audit Office (ÁSz) today released an opinion which reckons that the central government’s 2014 deficit target can be...

Figures

Inflation rate 1.4% for September

In September, consumer prices increased by 1.4% year-on-year, the Central Statistics Office (KSH) reported today. Prices of electricity, gas and...

History

Orbán talks FDI with British investors, EU with Cameron

Hungarian Prime Minister Viktor Orbán discussed cooperation between the Hungarian government and British investors with the managers responsible for Central...

History

Ambassador: Cancel provocative Roma art exhibit

Marika Schmeidt’s “Thoughts Are Free” exhibition in Linz has raised the ire of a few Hungarians, among them the country’s...

Tourism

Serbia thanks Hungary on EU ascension support

After meeting with Prime Minister Viktor Orbán and Foreign Affairs Minister János Martonyi, Serbia’s Foreign Affairs Minister Ivan Mrkic expressed...

EU

EC starts pilot process on gas price regulations

European Union news website Bruxinfo yesterday broke the story that the European Commission in August officially requested information from the...

Elections

Ex-PM Gyurcsány: 2014 election “will be brutal”

In an interview with Austria-based Da Standard, former prime minister Ferenc Gyurcsány expounded on a number of topics concerning his...

Conferences

World Water Summit opens in Budapest

The World Water Summit, an international meeting of around 100 United Nations member states, opened in Budapest on Tuesday. Included...

History

WHO awards Orbán in fight against “tobacco industry tactics”

World Health Organization (WHO) General-Director Margaret Chan today formally presented Prime Minister Viktor Orbán with a World No Tobacco Day...

History

Ferencváros football: Two fans banned; sad turn in Adams story

Could the Ferencváros football club (FTC) actually be getting tough on racist hooligan activity among its fandom? It seems that...

History

Orbán: HUF 17 billion more for culture in 2014

Speaking on Sunday at an arts-and-crafts fair in Hódmezővásárhely, Prime Minister Viktor Orbán promised that his government would contribute some...

Telco

KSH: Exports, imports down in August

Statistics released today by the Central Statistics Office (KSH) for August show decreases in both Hungarian exports and imports; the...

World

Serbia near-bankrupt, Ukraine unsustainable

Serbia is close to insolvency and must cut public wages and subsidies to state companies to avert it, Deputy Prime...

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...