David Landry

History

BBJ’s stories of the week, July 20-26

It’s Friday, another ending of a news cycle – and so, before BBJ gets out of here for Formula One...

Visits

Romanian minister tees off on Hungarian “interference”

In the leadup to a youth camp for Hungarians in Baile Tusnad this week, Romanian State Secretary for European Affairs,...

History

Paprika: Now open in Moscow

Rural Development Minister Sándor Fazekas was in Moscow yesterday to attend the opening of Paprika, said to be the capital...

MNB

Report: Forex mortgage loan relief proposal scrapped

The controversial, radical and potentially incredibly expensive proposal to retroactively rework mortgage loans based in foreign currency has been scrapped,...

Deals

On the Path of Ancestors – and business deals

The “On the Path of the Ancestors” rally includes former ambassador to Kazakhstan and current vice-president of the Kazakhstan-Hungary Business...

Deals

Csányi responds to rumors, warns of distrust of Hungary

OTP Bank CEO Sándor Csányi responded to a wave of rumors regarding the state of his health and possible dissatisfaction...

Tourism

Sólyom Airways’ big plans suffer setback

Since Malév Hungarian Airlines closed its doors in February 2012, smaller airlines such as Wizz Air have managed to increase...

Issues

EC withdraws telecom tax case against Hungary

After a dispute going back to March 2011, the European Commission is withdrawing its case against Hungary in the European...

Interview

Matolcsy, MNB: Easing cycle not over, further (smaller) rate cuts coming

After again lowering the key rate by 0.25% to 4%, the Monetary Council of the National Bank of Hungary (MNB)...

Analysis

Central bank benchmark rate down for 12th consecutive time

The verdict is in on the National Bank of Hungary (MNB) main interest rate, and a record low has been...

Deals

Csányi’s OTP selloff: Rumors fly, rift with Orbán theorized

The plot thickens in the Sándor Csányi story, as a Reuters piece making the international rounds describes the OTP CEO...

Deals

Forbes Hungary set for November launch

Big news for the Hungarian media sphere this week as Forbes Media has announced its entry into the country’s market...

World

No nukes? Paks expansion criticized; EC subsidy plan nixed

The national government will go through with announcement of a tender to expand the Paks nuclear power plant despite, it...

Social

Sport news: Hungary awarded FINA worlds; more resources for equestrianism

From the world of sports, a couple items from the weekend on a pair of Hungary’s favorite competitive pastimes. First...

History

“Seven biggest lies”: Bajnai’s response to WSJ PM interview

Observers of electoral politics in Hungary surely expected a return salvo from the left after the Wall Street Journal devoted...

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...