Gergő Rácz

Int'l Relations

Talks start on $50 million tied-aid credit for Uzbekistan

Talks have started on the launch of a $50 million tied-aid credit program in which Hungarian companies would modernize street...

Sights

Forex borrower groups initiate talks with banks

Civil organizations representing troubled borrowers with foreign currency-denominated loans are initiating talks with the Hungarian Banking Association to reach a...

Sights

Ministers behaving badly: Illés, Fidesz apologize

Environmental Affairs Minister Zoltán Illés has apologized for sexist and insulting remarks used in parliament against a female opposition representative....

MNB

MNB extends, tops up Funding for Growth scheme

The National Bank of Hungary (MNB) is extending its Funding for Growth Scheme until the end of next year and...

Deals

Can Xetra jump-start Budapest bourse?

The Budapest Stock Exchange is on schedule to introduce a new, widely used trading platform that it hopes will finally...

MNB

Final charge against foreign currency loans

The government remains ardent in its crusade against foreign currency mortgages and is preparing to launch another wave of bailouts....

Elections

Editorial: Left-wing marriage heavy with baggage

The political opposition can finally see a long-awaited and much-needed glimpse of hope after a strenuously formulated cooperation agreement, followed...

Analysis

Morgan Stanley sees improving growth for Hungary

Hungary’s short-term growth outlook is improving, largely thanks to a better-than-expected first-half outturn and a good harvest, reported London-based emerging...

Analysis

MasterCard disappointed over interchange fee cap

MasterCard regional director András Hemberger expressed disappointment over a bill that would cap interchange fees at an event in Budapest...

Telco

MOL launches branded mobile service

Hungarian oil and gas company MOL yesterday announced the launch of its own branded mobile telephone service, which will rely...

Initiatives

Takarékbank chairman: Nationalization a “fantasy”

The state will say the savings cooperative business only until the system has undergone the necessary renewal and re-capitalization, Tamás...

Visits

Szijjártó reports on two days in India

Hungary and India will establish a joint fund to support business partnerships between SMEs in each country, Foreign Trade Secretary...

Elections

Left-wing joy over local by-election victory

Sándor Ladányi, the joint candidate of the left-wing MSzP, Together 2014-Dialogue for Hungary (E14-PM) and Democratic Coalition (DK) parties, claimed...

Food

Government asks Dunaferr to postpone layoffs

The government has asked Dunaferr's senior officials not to lay off any employees until the talks between the government and...

MNB

Government weighing proposals by banks, MNB

Hungary's government is considering National Bank of Hungary (MNB) proposals on assistance for borrowers with forex-based mortgages as well as...

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...