David Landry

Government

Election system “scandalous” says MSzP; Fidesz denies fraud possible

Registration for Hungarian citizens living abroad seeking to vote in the 2014 parliamentary elections began yesterday, and opposition parties are...

Social

Dancing against corruption at the Sziget Festival

Can dance really inspire Hungarians to fight against problems of corruption in the country – even in the midst of...

EU

Hungary: “Test case” for EU democracy?

A thorough bit of analysis on Hungary and its recent “palpable erosion of democracy” was published this morning by US-based...

Conferences

First meeting of Economy Ministry, Banking Association on forex mortgages

The process of determining just want to do about a reported 570,000 forex-based mortgage loans began for the National Economy...

Recycling

Bosch gets new HQ, strategic partnership agreement

On the same day that General Electric announced its expansion plans within Hungary, the country also celebrated the grand opening...

Figures

KSH reports tiny rise in industrial producer prices, big jump in pharmaceuticals

Figures for industrial producer prices for June 2013 have been released by the Central Statistics Office (KSH), showing fairly static...

Int'l Relations

GE to expand Fót business by 6000sqm, 100 employees

Could this be the expansion from the US that the Foreign Affairs Ministry promised earlier in the week? Whether so...

History

Erste Bank reports weak 2013, Hungary “ordeal” cited

Topping international banking-related headlines yesterday were stories based on reportage of Austria-based Erste Group Bank’s 2013 earnings – and some...

Analysis

Hungarian pop star applies entrepreneurial spirit to burgeoning career

Despite the difficulties faced by recording artists in the modern music market, innumerable musicians are still chasing the dream. One...

Transport

Analysts: Sólyom heading for “huge crash” in 2017

New Budapest-based airline Sólyom Hungarian Airways has made another step toward beginning flights on the targeted date of August 18,...

Int'l Relations

Two (unnamed) US companies to expand operations in Hungary

Foreign Affairs Ministry Spokesperson Éva Varga teased local media yesterday with the promise of more exciting news later this week:...

Automotive

EBRD loans €54.5 million for BKK’s paper-free ticketing

The European Bank of Reconstruction and Development (EBRD) board of directors has approved a €54.5 million loan for Budapest Public...

Tourism

KSH: Construction up in Budapest, down in Hungary

The Central Statistics Office (KSH) released its report on construction for the first half of 2013, with the numbers showing...

Government

Hungarian citizens abroad: Fodder for election fraud?

Could fraud happen in the national parliamentary elections next year? That’s definitely a concern of the opposition Együtt 2014-Dialogue for...

Visits

Baile Tusnad youth camp: Who said what?

The annual summer university and youth camp for Hungarians in Romania attracted perhaps more attention than in the previous 23...

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...