David Landry

World

Ukraine crisis: Hungarian foreign ministry reacts

Ukraine told Russia that a military invasion would be an act of war following a vote by lawmakers in Moscow...

World

Ukraine crisis: Hungarian foreign ministry reacts

Ukraine told Russia that a military invasion would be an act of war following a vote by lawmakers in Moscow...

Deals

Investment volume up 7.2% for year 2013

The Central Statistics Office (KSH) has released figures on investment volume in Hungary in the fourth quarter of 2013, showing...

EU

Barroso OKs Paks deal, provides “substantial observations”

A day after government sources revealed Prime Minister Viktor Orbán had sent in November 2013 an appeal and draft agreement...

History

Government wants limit on ELMŰ, ÉMÁSz dividend payments

After a cabinet meeting in which plans to transform Hungary’s utility companies into non-profits were detailed and discussed, government spokesman...

Interview

Visegrád Four diplomats in Ukraine today

Diplomats from the Visegrád Four nations (Hungary, the Czech Republic, Poland, Slovakia) will be in Ukraine today to assess that...

Sights

Budapest, Hévíz, Hajdúszoboszló top tourist spots

State tourism agency Magyar Turizmus yesterday announced that in 2013 the three most popular tourist destinations were Budapest, Hévíz and...

EU

Barroso OKs Paks/Rosatom deal, provides “substantial observations”

A day after government sources revealed Prime Minister Viktor Orbán had sent in November 2013 an appeal and draft agreement...

Analysis

E-commerce accounts for 3% of Hungary’s retail sales in 2013

Online trade now accounts for more than 3% of retail sales in Hungary, according to market researcher GfK Hungária: Retail...

Transport

Wizz Air CEO: Ten aircraft could be added annually

Budget-fare airline Wizz Air could add 8-10 new aircraft to its fleet each year, CEO József Váradi said at a...

Figures

Industrial producer prices up 0.7% in January

Citing domestic and export price changes, the Central Statistics Office (KSH) today reported a 0.7% increase month-on-month in industrial producer...

EU

Hungary, eight other EU countries with negative population growth

According to a round of statistics from European Commission General Directorate Eurostat on population growth in 2012, some nine European...

History

Economy Minister: Paks plant a “national security matter”

Speaking on an InfoRádió program yesterday, National Economy Minister Mihály Varga stated that expansion of the Paks nuclear power plant...

Tourism

KSH: Unemployment rate down to 8.9%

Though November to January is not truly a standard quarterly unit for reportage of demographic figures, the Central Statistics Office...

History

Visegrád Four to coordinate Ukraine refugee inflow

The foreign ministers of the Visegrád Four (Hungary, Poland, the Czech Republic and Slovakia) stated earlier this week that the...

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...