David Landry

Conferences

Belarus, Hungary in tech/research cooperation

According to Belarusian Ambassador to Hungary Alexander Khainovsky as reported by national news service BeITA, a memorandum on cooperation in...

MNB

Dollar bond issue in mid-October?

In an interview with news outlet Magyar Hírlap yesterday, Government Debt Management Agency (ÁKK) deputy director László András Borbély stated...

Analysis

Message to Ukraine: Don’t be like Hungary

In a Brussels-held seminar between members of the EU-Ukraine Business Council (EUUBC) and international organization Human Rights Without Frontiers, Hungary...

Sights

Patai: November deadline “impossible,” UniCredit scaling down

UniCredit Hungary CEO/Hungarian Banking Association (MBSz) president Mihály Patai stated yesterday that while the government has a plan to “change...

Tourism

Minsk-to-Budapest flight now open

In inaugurating a new Belevia flight between Minsk and Budapest (with service onto Belgrade) yesterday, Hungarian Ambassador to Belarus Vilmos...

Telco

KSH: Average gross earnings in Hungary HUF 228,400

The Central Statistics Office (KSH) has compiled data on personal earnings for the first seven months in 2013, with the...

Food

Zsolnay shop opens in Moscow; export expansion ahead

Bachar Najari, the new owner of Zsolnay Porcelánmanufaktúra Zrt, is looking to turn the longstanding crafts producer into a world-class...

Analysis

Unicredit exec: Forex burden must be gradual

Unicredit CEE Division director Gianni Franco Papa yesterday declared that Hungary-based banks “should not be burdened all at once to...

Party Popularity

Election ’14: Fidesz lead steady, Bajnai introes new plank

Hungary-based pollster Ipsos has released its monthly assessment of voter choices for the 2014 parliamentary election in the country; its...

History

Human Rights Watch: Constitutional changes “cosmetic”

US-based civil rights organization Human Rights Watch (HRW) heavily criticized the sitting government’s latest round of changes to the national...

MNB

Government files with SEC, seeks to move $5 billion in debt

The US Securities and Exchange Commission (SEC) has announced that the government of Hungary has filed documentation that will allow...

Deals

Hungary, Vietnam expand water, nuclear cooperation

Hungary and Vietnam are expanding their cooperation in the area of nuclear energy, President János Áder said after talks with...

Awards

OTP deputy chairman sells nearly whole stake in bank

Of note: According to a statement from OTP, “Antal Pongrácz, OTP Bank Board of Directors deputy chairman, sold 200,000 OTP...

History

Orbán on bank levy, saving co-ops, GDP growth

Simply put: BBJ passes on a couple quotes from Prime Minister Viktor Orbán on financial matters, namely the bank levy...

Visits

Orbán prepares for “battle” over utility price cuts

Nobody should have any doubts that 2014 will be the year of the battle to protect the achieved results in...

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...