Gergő Rácz

Sights

Crime wave spurs tobacco shop design rethink

The central government is set to ease the design requirements for tobacco stores as a response to the recent wave...

History

Erste Bank Group: No plans for Hungary pullout

Erste Bank is committed to the Hungarian market and its Hungarian clients, company representatives announced yesterday after a weekend report...

Party Popularity

LMP internal clashes over party list for ’14 election

Tensions within the green-focused opposition party LMP appear to be intensifying with influential – albeit relatively unknown – politicians driving...

Tourism

Border guards accused of systematic corruption

Hungarian border guards regularly demand bribes from Romanian immigrants heading for their jobs in Great Britain, a report in the...

Deals

Report: State seeks control over exiting banks

Széchenyi Bank, owned 49% by the state, has made a bid for the Hungarian business of Raiffeisen Bank, political daily...

Government

OSCE to send observers to 2014 elections

The Organization for Security and Co-operation in Europe (OSCE) will receive a formal invitation from the government to observe the...

Deals

OTP Bank chairman/CEO sells bonus shares

OTP Bank chairman/CEO Sándor Csányi has sold the 63,364 OTP shares received under the bank's management incentive program, the bank...

Initiatives

MFB cleared for direct control of strategic gas reserve company

Hungary’s Competition Office (GVH) reported on Friday that the acquisition of MMBF Földgáztároló, which operates the country’s strategic gas reserves,...

Issues

PM, Fidesz: Kúria “cowardly” for siding with banks

The decision of the Kúria, Hungary’s supreme court, on forex-based bank loans last week demonstrates that the top court took...

Analysis

MNB improves 2014 fiscal deficit forecast below gov’t target

The National Bank of Hungary (MNB) forecasts Hungary’s 2014 ESA general government deficit at 2.5% of GDP if reserves set...

Deals

Csányi Winery to make HUF 200 million technological investment

Csányi Winery plans to make a HUF 200 million technological investment next year to develop the wine-making equipment at its...

EU

84% of German-Hungarian chamber members plan investments

About 84% of the members of the German-Hungarian Chamber of Industry and Commerce (DUIHK) plan new investments in 2014-2020, according...

Int'l Relations

Orbán visits Turkey, seeks to jump trade 130%+

Prime Minister Viktor Orbán leads a delegation visiting Turkey this week, with some 120 business leaders from the construction, agriculture,...

Deals

Business Telecom floats 156,771 shares at the BSE

Telecommunications company Business Telecom (BTel) has floated 156,771 dematerialized, registered ordinary shares with a nominal value of HUF 100 per...

Interview

Foreign minister hails WTO global trade agreement

Foreign Minister János Martonyi told MTI on Saturday that the global trade agreement reached at the Ninth Ministerial Conference 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...