David Landry

Sights

New water strategy calls for new national agency

In perhaps yet another sign of increasing nationalization, local business daily Vilaggazdaság yesterday reported that a national agency to support...

Sights

New water strategy calls for new national agency

In perhaps yet another sign of increasing nationalization, local business daily Vilaggazdaság yesterday reported that a national agency to support...

Analysis

3.60%: National Bank of Hungary cuts base rate again

It’s official: The National Bank of Hungary (MNB) announced at about 2pm CET that its base rate will once again...

MNB

ÁKK considering basing bonds in lira, Asian currencies

Bond issuances before the end of 2013 seem inevitable, given the documentation filed with the U.S. Securities Exchange Commission (SEC)...

In Hungary

Strange relationship: Jobbik, MSzP, LMP unite on E.ON

It’s not every day that one sees left, far-left and far-right parties unifying even on a single issue; until yesterday,...

Sights

National Water Strategy plan completed

Rural Development Ministry Deputy State Secretary Péter Kovács announced Monday from the OMÉK agriculture fair now going on at Hungexpo...

Initiatives

Amendments to ’13 budget in parliament today

Amendments to the 2013 budget of the central government will be voted on today, with the constitutional majority held by...

Crops

Good news for farms, GDP: Grain crops, yields well up in 2013

Newly-released statistics from the Central Statistics Office (KSH) on agricultural production show that the cereal crop totaled 6.96 million metric...

History

Two speak on re-nationalization of utilities

Lest anyone doubt the seriousness of Prime Minister Viktor Orbán’s remarks that moves would be made in privatizing a good...

Tourism

Cigarette sales down a massive 39%-plus in July

The National Tax and Customs Office (NAV) released statistics showing that the purchase of cigarettes has declined dramatically since the...

MNB

WSJ analysts: MNB key rate to be 3.60%

The workday after Reuters reported its results of a poll taken among analysts regarding changes to the key rate by...

Analysis

Pöttyös tops most popular brands list for 2013

Market research company Millward Brown Hungary released its list of the most popular brands in Hungary, with a few local...

Analysis

Pöttyös tops most popular brands list for 2013

Market research company Millward Brown Hungary released its list of the most popular brands in Hungary, with a few local...

Analysis

Analysts: MNB will cut rate 0.20% more

In a poll of 21 analysts undertaken by Reuters last week, a majority figured that the National Bank of Hungary...

History

Orbán: 6-7 utility companies to be re-nationalized

Prime Minister Viktor Orbán gave an interview with Magyar Rádió on Friday that sparked discussion, commentary and speculation in 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...