Gergő Rácz

Food

MVM, MNV to sign shareholders’ loan agreement

The state-owned Hungarian energy group MVM is to sign a shareholders' loan agreement with the Hungarian national asset manager MNV...

In Hungary

Government mulls further restrictions to tobacco trade

The government is weighing options to further restrict the scope of locations where tobacco products can be legally sold, political...

Left wing tug-of-war continues

The socialist MSzP will continue negotiations with Gordon Bajnai’s Együtt 2014-PM (E14-PM) organization but is also open to starting talks...

Interview

Missing EU funds covered “for months”

Hungary can cover the funding suspended by the European Union from the state budget “for months,” an official said on...

MNB

Retail lending stock contracts despite higher borrowing in Q2

The retail lending stock of the Hungarian banking sector fell in the second quarter of 2013 despite higher loan disbursement,...

Music

OTP profits edge down on higher operating costs

Consolidated after-tax profit of OTP Bank, Hungary's biggest commercial lender, edged down 1% to HUF 40.6 billion in the second...

Initiatives

ECB: Thumbs up for PSzÁF-MNB merger

The European Central Bank said it welcomed the integration of Hungarian financial market regulator PSzÁF into the National Bank of...

Energy Trade

Eyes on alternative gas connections

The demise of the Nabucco natural gas pipeline venture hasn’t thwarted the Hungarian government’s ambitions to reduce the country’s dependence...

Awards

Music industry back in the money

The shape of the music industry has changed dramatically over the past years and the evolution is far from over....

Green Energy

State urged to support cogenerated power

The regulatory environment has led cogenerated electricity’s share in the overall mix to drop by nearly 50% over recent years....

Deals

Formula 1 to run in Hungary through 2020

The world’s most popular motor-vehicle sport returns with the annual Hungarian Grand Prix running at Hungaroring in Mogyoród on Sunday,...

History

IMF packing up Budapest office

Hungary has firmly asked the Intentional Monetary Fund to pack up its things and go, since its presence is no...

In Hungary

July brings sweeping changes all around

A whole barrage of new measures, regulations and the launch of controversial systems in commerce and transportation took effect on...

Awards

Money going mobile

Citigroup has high hopes for the development of mobile technologies for the present, and especially the future of the banking...

Int'l Relations

Preparing to ride the wave

Companies from the United States remain committed to their activity in Hungary and despite any tussles they may have with...

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...