David Landry

Music

“99.9% chance” EU funding (minus penalty) restored

Government officials are optimistic that frozen European Union funds will be restored to Hungary after Chief of Staff János Lázár...

Initiatives

Varga: A “good starting point” to forex-loan negotiation

Negotiations between the National Economy Ministry and the Hungarian Banking Association (MBSz) over the incipient forex-based loan crisis may be...

History

Forex-based relief proposal presented by MBSz

The Hungarian Banking Association (MBSz) presented two proposals on a relief plan for borrowers of forex-based mortgage loans yesterday. MBSz...

Deals

Is government enthusiasm for tourist industry realistic?

After enjoying a record-level amount of tourism revenue in 2012, the government expects to break that mark this year, thanks...

Deals

Takarékbank charter approved by savings co-ops

Based on the National Association of Savings Cooperatives’ (OTSz) advisory to member institutions to approve integration of the subsector under...

Awards

Foreign Affairs Ministry on Syria

In what is likely to become one of many such proclamations, the Hungarian central government yesterday released a statement on...

Deals

Retail rental: Hong Kong costliest, Budapest “bottomed out”

US-based real estate services provider/investement firm CBRE Group released a report yesterday on international retail rental rates, showing Hong Kong...

MNB

MNB key rate drops to 3.80%

The National Bank of Hungary (MNB) announced its key interest rate today, with the new rate 3.80%; though this was...

Tourism

KSH: Unemployment down to 10.1%

From the Central Statistics Office (KSH) today came its quarterly report on unemployment, with top news certainly the overall decrease...

In Hungary

BOP launches Bitcoin-based BopShop in Berlin

Hungarian startup Bits of Proof (BOP) launched its interesting business solution BopShop at a Bitcoin Exchange Berlin (BXB)-hosted event last...

Conferences

Bayern LB turns H1 profit despite big MKB losses

Germany-based Bayerische Landesbank (Bayern LB) released figures for performance of its Hungary-based MKB Bank in the first half of 2013...

Deals

PSzÁF: 74% of foreclosed property for sale in Q3

Hungarian financial market supervisory body PSzÁF reported yesterday that just under 3,900 foreclosed residential properties will be put on the...

Conferences

Sólyom Airways to hock grocery items

Sólyom Hungarian Airways will reportedly be flying the skies with full commercial-travel services this coming autumn, but before then the...

Automotive

KSH: retail sales down 0.4% in June

The Central Statistics Office (KSH) reported that, after a second analysis of data, retail sales were down 0.4% year-on-year from...

Initiatives

Bank wars: OTSz vs. charter; Fidesz vs. forex loaners

On the day before National Association of Saving Cooperatives (OTSz) member institutions vote on whether to accept a restructuring of...

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...