David Landry

Deals

Raiffeisen results tomorrow; Hungary cited for expected losses

Results for the first half of 2013 are expected from Raiffeisen Bank International (RBI) tomorrow, but several analysts are already...

Sights

Protest against forex “looting” in Astoria area

Amid the fun and events of St. István’s Day in Hungary, at least one group was seriously protesting against foreign...

History

Well-wishes from abroad on St. István’s Day

On this national holiday, well-wishes to Hungarian leaders are coming in from various international locations, including the Middle East, Europe...

History

YouTube-gate? Ambassador scandal repercussions in Lithuania

To the surprise of few, heads are rolling in Lithuania in the wake of a damaging-unto-scandalous telephone conversation between Lithuanian...

Social

St. István’s Day: Program of events

The Public Administration and Justice Ministry (KIM) along with a handful of other governmental and private organizations released their program...

Competition

August 20 also Global Day of Oveconsumption

As people through the country prepare to overindulge on the August 20 holiday, WWF Hungary is reminding that the date...

Tourism

Sólyom Airways CEO: No passenger flights until October

On Sunday, the day on which Sólyom Hungarian Airways had originally announced tickets would be available, company CEO József Vágó...

History

1,300 Hungarians recalled from Egyptian vacations

Egypt, long a favored destination for Hungary-based tour groups and family vacationers, will be considered off-limits for the foreseeable future...

BBJ’s stories of the week, August 10-16

It’s Friday, another ending of a news cycle – and so, before BBJ checks out for a nice four-day weekend,...

MNB

MKB sells Bulgarian interests

More Hungarian/international banking news this morning, as Bulgaria-based First Investment Bank (FIB) has announced its full purchase of MKB Unionbank...

Competition

Report: HUF 10 million monthly for 45 commissioners

Despite Fidesz’ complaints levied in the 2006 election campaign against the sitting MSzP government’s employment of four commissioners for its...

Construction

KSH: Construction output up 12.4% in June

Time for another round of facts and figures from the Central Statistics Office (KSH) on the construction industry: Spearheading the...

History

Government: $160,000 for Auschwitz site

After accusations of stalling, the Hungarian government has finally agreed to contribute some $160,000 (approximately €120,500) to the maintenance of...

Party Popularity

Poll: Fidesz-KDNP maintain big lead for ’14 election

A recent poll regarding voter preferences for next year’s parliamentary election from research institute Nézőpont show governing coalition parties Fidesz...

Retail

eMag readies to open for business in Hungary

Romania-based information technology/communications product retailer eMag has launched its Hungarian website in preparation to open its online shop for the...

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...