Gergő Rácz

Competition

Government Cloud: Reboot for Hungary’s public sphere IT

From the Budapest Business Journal print edition: The government has completed a nearly HUF 3 billion project to take all...

MNB

Ukraine, weak forint put economy on edge of turmoil

From the Budapest Business Journal print editon: Hungary’s economy exceeded expectations with impressive growth in the fourth quarter. The result...

Analysis

Tobacco market contracts to smallest on record

Nearly 25% of Hungary's legal tobacco market disappeared last year, according to business daily Világgazdaság....

Issues

Court decision could affect thousands of car loans

Several thousand car loans could be affected by the Municipal Court of Budapest’s recent decision to invalidate a contract that...

Conferences

Riding the emerging market currency rollercoaster

From the Budapest Business Journal print edition: Whether Friday’s showing by the forint on the international exchange marks a consistent...

Issues

Saxo Bank CIO: “I’ve seen the future and it’s bleak”

From the Budapest Business Journal print editon: European economies are on the wrong trajectory in how they address the crisis...

Food

State secretary: Agriculture 50% of Hungary’s GDP growth

Hungary’s agriculture performed 21.7% better in the first nine months of last year than a year earlier, which means that...

Tourism

President signs law on Paks nuclear power plant upgrade

President János Áder has signed a law on the upgrade of the Paks nuclear power plant, according to a statement...

Deals

MNB books “tens of billions of forints” in profit in 2013

The National Bank of Hungary (MNB) closed 2013 with profit “in the tens of billions of forints,” the central bank...

Initiatives

Ministry brushes off savings coop association threat

The National Development Ministry dismissed a threat by the National Association of Savings Cooperatives (OTSz) to take legal action if...

Competition

Gov’t rejects objections to Takarékbank stake sell

The National Development Ministry has formally rejected any and all objections formulated by the national association of savings cooperatives (OTSz)...

Banking

Boosted tax intake proves to be no miracle cure

The government has introduced a series of steps to increase the treasury’s tax revenues that are making life more difficult...

Retail

Electronic till system in shambles

The embattled online cash register system was slowly edging towards what could possibly be called a viable state, when the...

History

Azeri-Hungarian joint economic committee meets in Baku

A plenary meeting of the Azeri-Hungarian joint economic committee took place in Baku on Tuesday, with minutes of the meeting...

City

Liszt Ferenc Airport passenger numbers edge up in 2013

Passenger numbers at Liszt Ferenc International Airport rose slightly year-on-year to 8,520,000 in 2013 from 8,504,000, Jost Lammers, CEO of...

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...