David Landry

Tourism

First Moscow-to-Hévíz flight lands

The first scheduled flight from Moscow, carrying close to 180 passengers, landed at Hévíz-Balaton Airport on Sunday; the flight will...

Analysis

GKI-Erste confidence index up to near 12-year high

After decreasing a bit overall in February, the GKI-Erste gauge of consumer and business confidence bounced back in March to...

World

No comment? PM says Paks deal non-issue in Brussels

Hungary’s contract on the Paks nuclear power plant upgrade was not mentioned in connection with sanctions against Russia at the...

Food

Poll: 42% of Hungarians say “more losses than benefits” since 1989

In an opinion poll undertaken in the Visegrád Four nations (Hungary, the Czech Republic, Poland, Slovakia) by the Central European...

History

HUF 600 million for “export pillar” wine industry

The Rural Development Ministry has allocated HUF 600 million to the vintners association Hegyközségek Nemzeti Tanácsa (HNT), Rural Development Minister...

EU

Minister wants exception for black locust on EC invasive species list

Rural Development Minister Sándor Fazekas sent a letter last weekend to EU Environment Commissioner Janez Potočnik, calling for the black...

Deals

Russia cos. in INA talks; MOL Pakistan upping production

Representatives of Rosneft held talks in Zagreb on a possible purchase of Croatia-based oil company INA and on prospecting in...

Music

MNB fines 35 banks HUF 1.2 billion

The National Bank of Hungary (MNB) has reported the levying of some HUF 1.2 billion in fines on 35 Hungary-based...

MNB

Dep. gov. reiterates need for MNB to reassess easing

National Bank of Hungary (MNB) rate-setters will have to “reassess” the continued easing and concomitant lowering of its base rate...

Analysis

15,000 attend Sirha food/catering show in Budapest

Over 15,000 visitors attended the Sirha international food and catering show held at the Hungexpo Budapest Fair Center from March...

Visits

Takata lays cornerstone of €68 million Miskolc plant

Japan-based Takata held the ceremony to lay the cornerstone of a €68 million airbag/car safety systems plant in Miskolc yesterday....

EU

Report: EC against land law; Fazekas unconcerned

In the ongoing bitter dispute between Hungarian Rural Development Minister Sándor Fazekas and his Austrian counterpart Andrä Rupprechter, the former...

Election ballot presented with 18* parties listed

The National Election Office (NVH) today released the party ballot for next month’s national elections for Parliament and European Parliament....

Deals

US official: MOL/INA dispute is regional problem

A top US energy official has informed Croatia’s economy minister that the Croatian government and Hungary-based MOL must resolve differences...

EU

EU-28, Hungary on track for 2020 renewable energy goal

European Union statistics office Eurostat this week released a report on the use of renewable energy sources in member states...

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...