David Landry

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...

Telco

PSzÁF: HUF 36 billion in lender profits

Financial market regulator PSzÁF reported an after-tax profit of HUF 35.9 billion for Hungary-based lending institutions in the first half...

Awards

Ultimatum for Csatáry-honoring Ferencváros fans

After Ferencváros FC (FTC) was levied with an HUF 800,000 fine by Hungarian Football League (NB) authorities, club president Gábor...

Opposition parties divided on selection method

A bit of bad news for those looking to unseat Prime Minister Viktor Orbán and his Fidesz-KDNP government in the...

Visits

Japanese minister in Hungary on nuclear-themed tour

In Hungary for a few days is Japanese Foreign Minister Fumio Kishida, who’s loaded with a busy schedule of nuclear...

Int'l Relations

Ambassador on “historic” flight, Azerbaijan-Armenia conflict

Hungarian Ambassador to Azerbaijan Zsolt Csutora spoke with media in his current country of residence this morning, touting the Budapest-to-Baku...

Music

HUF 856 million investment in Győr completed by Igm Kft

Austria-based robotics systems manufacturer Igm Kft has completed an HUF 856 million investment at its base in Győr, announced Igm...

Int'l Relations

Szijjártó again prescribes Easterly exports

Foreign Trade Secretary Péter Szijjártó riffed on familiar theme of his government at a roundtable discussion at the Tranzit Youth...

MNB

Forex-loan conversion could be mandatory

In a preview for an extensive interview appearing in today’s print version of Heti Valasz, National Economy Ministry State Secretary...

History

Government advances plans for laid-off 2,000+

The government is moving forward on two plans to alleviate problems for over 2,000 workers in two locations – 1,500...

Transport

Wizz Air: No launch of flights to Hurghada

Days after the Hungarian Foreign Ministry advised Hungarians vacationing in Egypt to return home, Wizz Air officials announced the cancellation...

Telco

KSH: Increases in net, gross earnings in 2013

The Central Statistics Office (KSH) has released statistics on average earnings in Hungary for the first six months of 2013,...

Party Popularity

Ipsos: Fidesz lead in 2014 election steady

Low voter turnout in Hungary’s parliamentary election of 2010 will likely not be duplicated four years later; an August poll...

History

Hungary and Japan in social security agreement

In preparation for the visit of Japanese Foreign Minister Fumio Kishida to Hungary on Friday, government officials have announced an...

History

Varga seeks to save Dunaferr jobs [Updated]

Could the government save the day and prevent the loss of 1,500 jobs at the Dunaújváros-based ISD Dunaferr steelworks? National...

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...