David Landry

Awards

By the way, it’s not the Bucharest Business Journal, either…

We’re not exactly certain whether a historical locale should be advertised as *not* another, but the “Bucharest Not Budapest” campaign...

Telco

Magyar Telekom ups 2013 projections; success to depend on Macedonia, energy sales

Does Magyar Telekom (MTel) owe a successful 2013 to Macedonia? That’s the contention of MTel Deputy CEO Jánós Szabó, who,...

Analysis

The Notebook: Herald of Hungarian film’s bright future?

Nominees for the 86th Academy Awards won’t be announced until January 2014, but fans of Hungarian film can already get...

Conferences

New tender for solar energy systems announced

The National Development Ministry has announced an HUF 867.2 million tender for the installation of solar energy systems for residential...

MNB

International reserves down again, approaching 2010 levels

The National Bank of Hungary (MNB) released data today on the state of the country’s international reserves, figures which show...

Automotive

June output down slightly; automotive exports buoying industry

Output of Hungary’s industrial sector edged down 0.6% year-on-year in June, according to the Central Statistics Office (KSH); according to...

Issues

“Wake up call”? Four convicted in Roma killings

The four defendants in the murder trial of six Roma citizens of Hungary were found guilty this morning in a...

MNB

Moody’s: Poor investment climate in Hungary to continue

International advisory/research firm Moody’s Investors Service released its latest “Banking System Outlook: Hungary” report this morning, which ultimately concludes that...

Sights

Water-poor Roma in Ózd could demonstrate this week

A mass demonstration by the Roma people of Ózd originally planned for yesterday has been cancelled but, should the dispute...

Tourism

Tourism to Hungary up impressively in 2013

Now available publicly is the latest quarterly report from the European Travel Commission (ETC), and Hungary’s tourism industry can certainly...

History

Ambassador to Hungary in diplomatic fracas

What do you get if you combine an Azerbaijani ambassador to Lithuania, a Lithuanian ambassador to Hungary and some off-the-cuff...

Automotive

It’s official: New Procter & Gamble plant for Gyöngyös

The second of two large-scale US-based investments in Hungary promised early last week by the Foreign Affairs Ministry has come...

History

Intesa Sanpaolo’s poor 2013 blamed on Hungary, Ukraine

Add Intesa Sanpaolo to the list of banks having a difficult time of things in Hungary. Along with home-based OTP...

Recycling

HUF 900 million expansion complete at Bio-Fungi mushroom farm

K&H Bank representatives reported yesterday that organic white-button mushroom and compost producer Bio-Fungi has finished its HUF 900 million expansion...

Issues

Croatia: “We want to open talks with MOL” on INA

Croatian government representatives have announced that they are currently seeking to enter into discussions with MOL regarding the two parties’...

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...