Gergő Rácz

Government

Rate-setters not unanimous on scale of cut in September

Members of the National Bank of Hungary's Monetary Policy Council were again divided over the scale of a rate cut...

Telco

Hungary’s pharmaceutical companies focused abroad

Drugmakers and the healthcare industry in general continue to complain about the unwavering pressure placed on them by central measures...

History

Ambassador: Israel “wants to do business”

The Israeli Embassy is launching what it hopes will be the first in a series of events aimed at linking...

Elections

Left-wing parties converge on Baja

The political leaders of the left wing, MSzP chairman Attila Mesterházy and Together 2014 (E14-PM) chairman Gordon Bajnai -- though...

Initiatives

President intros László Windisch as MNB deputy

President János Áder formally appointed László Windisch the new deputy governor of the National Bank of Hungary (MNB) at a...

MNB

2014 budget bill: Key projections, highlights

The sitting government submitted its budget bill for 2014 to Parliament yesterday and as the review/approval process gets started, BBJ...

Issues

Croatian court requests arrest warrant for MOL CEO

The Croatian Police Directorate has received a request from the court to issue a warrant for the arrest of Zsolt...

Analysis

Dividends make FDI in Hungary negative in Q2

There was a €709 million outflow on foreign direct investment in Hungary in the second quarter of 2013, making the...

Deals

Court terminates criminal case against Lázár

The Budapest Municipal Court has terminated a criminal suit filed against János Lázár, the state secretary in charge of the...

Int'l Relations

State set to take over E.ON ownership today

The Hungarian gas business of Germany-based E.ON will return to the state on September 30, National Development Minister Zsuzsa Németh...

Conferences

Szijjártó in talks with Moldova deputy economy minister

State secretary for foreign affairs and external economic relations Péter Szijjártó held talks with Moldova's deputy economy minister Octavian Calmîc...

Tourism

Public work programs, jobs abroad drive down unemployment

Hungary’s level of employment is back at pre-crisis levels, but this state was achieved via public work programs and an...

Deals

Budapest to get HUF 3 billion from waterworks

Budapest’s waterworks will pay HUF 3 billion to the city’s local government from the loan issued by the council for...

MNB

MNB puts core inflation at 3.5% in 2013, 3.8% in ’14

The National Bank of Hungary projects core inflation, which excludes volatile fuel and food prices, to average 3.5% in 2013...

Issues

Falling birth rate: Demographic transition or disaster?

Hungary is in a state of demographic transition in which women have better chances of getting a good education, building...

Government

Helping Hungary’s Best Innovators Become Even Better

There is no shortage of innovation in Hungary, with plenty of ongoing research and development, but even the best and...

Analysis

Could Ukraine War Trigger a Meltdown for Paks 2 Project?

Despite the country’s commitment to electricity generation over emission-producing fossil-based energy sources, the prospect of doubling Hungary’s nuclear energy output...

Energy Trade

Is Cabinet Mulling Action on Fuel Costs to Boost Growth?

While 2023 seems to be something of a write-off in terms of economic development for the government, the messaging generally...

Analysis

Wizz Air Faces Challenging Post-COVID Ascent

Low-cost carrier Wizz Air is gradually clawing its way back from the devastating blow dealt by the pandemic to the...

Sustainability

MOL Sets Sights on Self-sustainability

Hungary-based energy multinational MOL has seen troubled times along with its peers, but its latest figures show a significant rebound....

Analysis

Companies Challenged to Crack Code of ESG, Inflation

This year brings familiar but no less troubling concerns for businesses looking to operate in Hungary or across its borders...

Analysis

Country Border Poses High Hurdle for Would-be Hungarian Champions

Exploring and conquering new markets is an obvious means of growth and development for companies; in Hungary, it is also...

Government

Parliament Passes 2024 Budget Despite Many Uncertainties

The government majority has passed the country’s annual budget amidst widespread criticism from the political opposition and numerous doubts voiced...

History

On Hungary’s first 10 years in the new Europe

From the Budapest Business Journal print edition: It’s been 10 years since Hungary became a member of the European Union....

Competition

Punishing times for Hungary’s banks

From the Budapest Business Journal print edition: The deadline is fast approaching when banks will have to fork out a...

Telco

Online music sales climb 50% in Hungary

Online music sales in Hungary rose 50% to almost HUF 500 million last year, data from the Hungarian Association of...

EU

€24 billion net EU funding for Hungary in 2007-2013

Preliminary data indicates that Hungary received net European Union funding of €24 billion during the EU’s 2007-2013 budgetary cycle, European...

Food

Analysts: Hungary CPI to accelerate despite soft March data

Hungary's consumer inflation is set to jump higher later this year on the back of base effects stemming from the...

Automotive

Burgeoning electric car market on uphill road

Though still a fledgling niche worldwide, the electric automobile market is expanding and its full potential has yet to be...

Sights

Infocommunications authority halts media group merger

The competition authority has halted the merger of the Ringier and Axel-Springer media groups until the National Media and Infocommunications...

Helping Hungary’s Best Innovators Become Even Better

There is no shortage of innovation in Hungary, with plenty of ongoing research and development, but even the best and...

Could Ukraine War Trigger a Meltdown for Paks 2 Project?

Despite the country’s commitment to electricity generation over emission-producing fossil-based energy sources, the prospect of doubling Hungary’s nuclear energy output...

Is Cabinet Mulling Action on Fuel Costs to Boost Growth?

While 2023 seems to be something of a write-off in terms of economic development for the government, the messaging generally...

Wizz Air Faces Challenging Post-COVID Ascent

Low-cost carrier Wizz Air is gradually clawing its way back from the devastating blow dealt by the pandemic to the...

MOL Sets Sights on Self-sustainability

Hungary-based energy multinational MOL has seen troubled times along with its peers, but its latest figures show a significant rebound....

Companies Challenged to Crack Code of ESG, Inflation

This year brings familiar but no less troubling concerns for businesses looking to operate in Hungary or across its borders...

Country Border Poses High Hurdle for Would-be Hungarian Champions

Exploring and conquering new markets is an obvious means of growth and development for companies; in Hungary, it is also...

Parliament Passes 2024 Budget Despite Many Uncertainties

The government majority has passed the country’s annual budget amidst widespread criticism from the political opposition and numerous doubts voiced...

On Hungary’s first 10 years in the new Europe

From the Budapest Business Journal print edition: It’s been 10 years since Hungary became a member of the European Union....

Punishing times for Hungary’s banks

From the Budapest Business Journal print edition: The deadline is fast approaching when banks will have to fork out a...

Online music sales climb 50% in Hungary

Online music sales in Hungary rose 50% to almost HUF 500 million last year, data from the Hungarian Association of...

€24 billion net EU funding for Hungary in 2007-2013

Preliminary data indicates that Hungary received net European Union funding of €24 billion during the EU’s 2007-2013 budgetary cycle, European...

Analysts: Hungary CPI to accelerate despite soft March data

Hungary's consumer inflation is set to jump higher later this year on the back of base effects stemming from the...

Burgeoning electric car market on uphill road

Though still a fledgling niche worldwide, the electric automobile market is expanding and its full potential has yet to be...

Infocommunications authority halts media group merger

The competition authority has halted the merger of the Ringier and Axel-Springer media groups until the National Media and Infocommunications...