David Landry

Conferences

Martonyi to UN: Fundamental shift in mindset needed

“As we face a turning point in our history and the state of the Earth,” Foreign Affairs Minister János Martonyi...

Telco

Government revenues, expenditures up in 2013

According to KSH’s preliminary data, the deficit for the general government sector in the first half of 2013 was HUF...

City

Sólyom talks with regional airport, still no flights

Sólyom, a recently established holding company owned by three Hungarian private individuals, is in talks with the Győr-Pér airport, regional...

World

Hungary denies asylum to former Ukrainian MP

Former Ukrainian MP Oleksandr Shepelev, a suspected embezzler of public and private funds, has reportedly been denied asylum via refugee...

Elections

Court orders repeat of Baja by-election

A Kecskemét court has ordered the repeat of a recent by-election in Baja, finding violations to the standing election law....

Visits

Election ’14: Orbán, Bajnai call each other communists

To no one’s surprise, Prime Minister Viktor Orbán was formally reelected Fidesz party chairman on Saturday. Orbán then took the...

Tourism

KSH: Slight decrease in unemployment to 9.9%

From data released by the Central Statistics Office (KSH) today: In June to August 2013, the number of unemployed in...

Analysis

Paper: Acceleration indicator points to economic recovery

The Acceleration Indicator (GyIa), a measure of economic and financial indicators compiled by business daily Világgazdaság, rose 0.93% in September...

Elections

Election ’14: Fidesz lead increases, left-wing defiant

More good news arrived for the Fidesz-KDNP ruling coalition in the form of a pair of voter polls. Hungary-based pollsters...

EU

EC to Hungary, six other states: Comply with energy efficiency

The European Commission has formally requested full compliance from seven member states, including Hungary, on their obligations as described in...

Telco

Zwack Unicum no longer Premium on BSE

Shares of Zwack Unicum, producers of that distinctly Hungarian tipple, will be sold under the “Standard” category of the Budapest...

History

TV soap producer for Hungary ambassador post

On Monday, the Washington Post newspaper reported that television producer/large-scale Obama campaign contributor Colleen Bell is in pole position to...

History

Burgtheater declines invite to Budapest festival

Despite a personal meeting with Budapest National Theatre director Attila Vidnyánszky and Human Resources Minister Zoltán Balog, Vienna-based Burgtheater director...

World

Government backs Ukraine on EU Association Agreement

The Ukrainian government has proudly reported that Hungary, via Deputy Prime Minister Zsolt Semjen “stands ready with maximum support” for...

Pharma

Varga: 2014 budget includes higher reserves

After attending a meeting at the Visegrád Four conference being held in Budapest, National Economy Minister Mihály Varga told local...

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...