David Landry

Visits

Orbán in post-election international press conference

Prime Minister Viktor Orbán held his third international press conference as a national election winner, but his first as reelected...

Initiatives

Varga: Russia sanctions not in Hungary’s interests

Reiterating his boss’ late March statement that economic sanctions against Russia would “best be avoided” as neither in the interest...

Pharma

Szijjártó: New licenses mean “significant” growth in exports to China

Hungarian exports to China will grow significantly thanks to a license that has Hungary received at the end of a...

Recycling

Prizes for Successful Business go to Takata, Rati, Manna Natur

For the ninth time, the monthly Prizes for Successful Business were bestowed to three Hungary-based companies by National Economy Minister...

Hotels

After Bell, Obama to publicly release ambassador qualifications

“Thanks” in part to the naming of TV soap opera producer/large-scale Obama campaign contributor Colleen Bradley Bell to the position...

Party Popularity

Fidesz-KDNP in landslide victory, retain 2/3 Parliamentary majority

*The* news of the week – and the year – in Hungary was last weekend’s national Parliamentary elections. To the...

Tourism

Study: Traffic congestion improving in Hungary

Would you believe that traffic congestion throughout Hungary is actually dramatically improving? That’s the contention of Spain-based Royal Automobile Club...

Music

Gránit Bank reports losses; Varga promises profit in 2014

Through the state’s minority-owned Gránit Bank reported total assets of HUF 72.9 billion while taking a loss for 2013 at...

Party Popularity

Poll, analysts agree on big Fidesz-KDNP election victory

Heading into the weekend’s Parliamentary elections, a new Nézőpont poll plus some hedging from analysts indicates that the only question...

History

Hungary, Slovakia: Baltic pipeline network “critical”

Foreign Trade State Secretary Péter Szijjártó today met with his Slovakian counterpart Peter Javorčík to discuss development of the two...

Recycling

HUF 2.2 billion biogas plant inaugurated in Miskolc

The city of Miskolc today inaugurated a HUF 2.2 billion biogas plant, a project fully funded with a European Union/Hungarian...

Analysis

KSH: February retail sales volume up 6.7%* y.o.y.

The Central Statistics Office (KSH) released a preliminary estimate for retail sales in February 2014; on headline-reading, said estimate put...

Issues

MOL CEO Zsolt Hernádi indicted in Croatia [Updated]

If the MOL board of directors thought that Croatian anti-corruption office USKOK had given up on attempting to bring company...

Issues

EC: No infringement procedure on retail-sector tax vs. Hungary

The European Commission (EC) has decided not to pursue an infringement procedure launched against Hungary in 2011 over the extraordinary...

Deals

RBI, CIB report losses in Hungary for 2013

This is what passes for good news in the Hungarian banking industry these days, it seems: The past two days...

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...