David Landry

City

Metro line 4 opens in Budapest

After nine years and a run of bureaucratic and/or political snags truly epic in scale from the planning stages first...

Tourism

EY: Substantial increase in Hungary M&A in 2013

EY has released its 2013 M&A Barometer for Central and Southeastern Europe (CSE), a region comprising the countries of Hungary,...

In Hungary

Analysts: MNB base rate cuts may be done

One day after announcement of the National Bank of Hungary (MNB) base rate to yet another record low of 2.60%,...

City

Budapest Airport woos Saudi investors, announces runway renovation

Representatives of Budapest Airport, operator of Liszt Ferenc International Airport, met with Saudi investors in Riyadh as part of Prime...

Analysis

Sevso Treasure, “Hungary’s family silverware,” returned

Prime Minister Viktor Orbán announced on Wednesday that Hungary has reacquired seven pieces of the Sevso Treasure, a priceless collection...

Automotive

Sign of the times? E-car charging station installed in Budapest

What is perhaps not such a headline-shattering story today may mean much more in the medium-term future. Case in point:...

Int'l Relations

Energy ambassador in D.C. meet with Boehner

Hungary’s ambassador-at-large for energy security, Anita Orbán, met with US Speaker of the House John Boehner, yesterday amidst various meetings...

Transport

Wizz Air London-to-Budapest flight takes inauspicious title

Despite Hungary-based Wizz Air’s consistent record of success and growth, this week the budget airline received some notoriety it surely...

MNB

MNB reforecasts inflation down for 2014, up for ‘15

Shortly after announcing another 10 bp cut to its base rate to yet another record of 2.60%, the National Bank...

World

US Senate hearings on LNG exports to CEE today

The call of Visegrád Four (Hungary, the Czech Republic, Poland, Slovakia) leaders to allow increased exports of liquefied natural gas...

History

Fringe Russian party: Return Ukraine land to Hungary, Poland, Romania

Could Hungary actually see an increase in national territory for the first time since the 19th century? Um, most assuredly...

Competition

Poll: 35%-40% of Hungarians “accept some anti-Semitic stereotypes”

Weaving their way into international headlines yesterday were the disturbing results of a report released by Czech Republic-based polling company...

Visits

Orbán declares “breakthrough” in Arab-Hungarian relations

Arab-Hungarian relations have seen a breakthrough, and “this is expected to show up in major business cooperation soon,” Prime Minister...

EU

EU asylum seekers well up in 2013; Hungary stingy

The European Union statistics office Eurostat has released figures on asylum seekers within the EU for 2013; the message regarding...

Deals

MOL-INA: New investigation launched, CEO appeal denied

Negotiations between the Croatian government and Hungary-based oil-and-gas giant MOL over the fate of Croatia-based MOL peer INA seem no...

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...