David Landry

Initiatives

Hungary, Taiwan in sports cooperation deal

With an agreement signed yesterday in Budapest, Taiwan and Hungary will be entering into student exchange programs and joint research...

Telco

Partnership with HP signed, 175 new jobs promised

The central government has entered into its 30th strategic partnership agreement with a business entity, and this one comes with...

Competition

Hungary ranked 63rd in WEF competitive rankings

Hungary has dropped in the World Economic Forum (WEF) global competitiveness rankings for 2013-14, falling three places to no. 63...

Analysis

Hungary, European Union GDP up slightly in Q2

Statistics on gross domestic product and related economic performance for the second quarter of 2013 were released by the Central...

Int'l Relations

Szijjártó discusses trade opportunities with Brazilian official

Foreign Trade Secretary Péter Szijjártó met his Brazilian counterpart Hadil Fontes da Rocha Vianna for talks in Budapest yesterday, agreeing...

History

Government in appeal against Roşia Montană gold mine

Hungarian government officials have requested that their Romanian counterparts “respect European standards in gold mining” with regard to the Roşia...

History

OTP CEO comments on forex loans, Takarékbank, Lázár

In an interview broadcast on ATV last night, OTP Bank CEO Sándor Csányi provided some insight into the forex-based loan...

In Hungary

Baranyay named to EIB management committee

The European Investment Bank (EIB) has appointed László Baranyay to position of Management Committee Vice-President. Baranyay takes up Anton Rop’s...

Figures

KSH: Trade surplus for June; export/import volumes up

The Central Statistics Office (KSH) has released statistics on Hungarian trade for the first half of 2013, starting the list...

History

US requests Hungarian support on Syria

From the United States embassy in Budapest on Friday came a request to the Hungarian government to join the US...

BBJ’s stories of the week, August 24-30

It’s Friday, another ending of a news cycle – and so, before BBJ gets away from the last weekend of...

Opposition reaches compromise on 2014 ballot

After reportage of some testiness between socialist MSzP and Gordon Bajnai’s Együtt 2014 parties have finally reached an agreement on...

History

No official word yet on MBSz forex loan plans

Though Economy Minister Mihály Varga stated yesterday that the Hungarian Banking Association (MBSz) proposals regarding a relief plan for borrowers...

Competition

Allegations aplenty on Sólyom partner Sales One

Regardless of one’s opinion on Sólyom Hungarian Airways’ nascent efforts to build a new national airline, it must be admitted...

Conferences

Czomba to negotiate in Dunaferr deal

National Economy Minister Mihály Varga, who had been tasked with negotiating in a potential government buyout of ISD Dunaferr steelworks...

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...