David Landry

Pancho Arena inaugurated in Felcsút

Pancho Arena, that football stadium which continues to gather intermittent international media attention as a symbol of Minister Viktor Orbán’s...

Recycling

Mushashi Hungary to supply Audi, Jaguar, Honda from 2015

Musashi Hungary, the Hungarian manufacturing unit of Japan-based vehicle spare parts maker Musashi, will supply Audi, Jaguar and Honda models...

World

Biden in Ukraine today; Hungary, Slovakia natural gas supply to be discussed

US Vice President Joe Biden is slated to meet with Ukrainian leaders – among them Prime Minister Arseny Yatseniuk and...

Awards

Emmis to appeal ICSID decision on Sláger Rádió – if possible

In response to a decision made against now-defunct Sláger Rádió by US-based International Centre for the Settlement of Investment Disputes...

Music

Average earnings up 1.3% y.o.y. through February

In a round of figures released by the Central Statistics Office (KSH), in the national economy (defined as those corporations...

Awards

ICSID rules in favor of government v. Sláger Rádió

The Washington, D.C.-based International Centre for Settlement of Investment Disputes (ICSID) on Wednesday ruled in favor of the state of...

Energy Trade

MEKH reassures on national natural gas supply

In an apparent attempt to mollify concerns regarding the country’s natural gas supply, the Hungarian Energy Regulatory Office (MEKH) released...

World

OTP Bank ceases operations in Crimea region

OTP Bank officials have notified local media that operations in the Crimea region of Ukraine will be ceased, effective tomorrow,...

Competition

DT gets EC approval for GTS CE purchase

The purchase of Poland-based telecommunications service provider GTS Central Europe (GTS CE) by Deutsche Telekom (T-Com) went forward yesterday, as...

Initiatives

Eximbank, Belarus in $10 million credit agreement

The Hungarian Export-Import Bank (Eximbank) and the Development Bank of the Republic of Belarus signed a $10 million purchasing-credit agreement...

Hotels

Budapest hotel room service least expensive in Europe

In a study based on United Nations World Tourism Organization (UNWTO) data undertaken by online portal TripAdvisor.com on room service...

Construction

Mild weather helps up construction output 28.3% y.o.y. in February

The Central Statistics Office (KSH) today released some figures showing a pretty decent showing by Hungary’s construction industry in February:...

Competition

MVM Ovit lands HUF 14 billion contract in Jordan

MVM Ovit, a unit of the state-owned Hungarian Electricity Works (MVM), today announced its winning of a nearly HUF 14...

History

Prezi to release Hungarian-language version of software

Budapest Business Journal would typically wish Hungary-based Sofware-as-a-Service (SaaS) producer Prezi congratulations on reaching its fifth anniversary, but it seems...

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...