Gergő Rácz

Issues

EU court: Kúria may decide on exchange rate in forex loan cases

European Union regulations on unfair contract conditions allow the Kúria, Hungary's supreme court, to examine exchange-rate margins when scrutinizing foreign...

Ecosystem

Three Hungarian colleges among top 100 in global survey

Semmelweis University Budapest and the universities of Szeged and Debrecen are among the schools featured in a list of the...

Deals

Croatia economy minister blasts MOL on communications

Croatian Economy Minister Ivan Vrdoljak on Wednesday said Hungarian oil and gas company MOL's communications with the Croatian government on...

Incubators

Interview: NNG president David Wiernik

From the Budapest Business Journal print edition: NNG is the archetypal Hungarian startup success story of a GPS solutions provider...

EU

Hungary to remain GMO-free, Deputy State Secretary promises

Hungary intends to preserve its ban on cultivation of genetically modified organisms (GMOs) in the country, Rural Development Ministry Deputy...

Figures

KSH: Retail sales climb 2.5% in October

Retail sales in Hungary rose a calendar year-adjusted 2.5% year-on-year in October after edging up 0.3% in the previous month,...

Deals

Csányi: Politicization of forex debt unwarranted

OTP Bank chairman/CEO Sándor Csányi told the Hungarian edition of Forbes magazine in an interview to be published today that...

Int'l Relations

South Stream hindered by EU legal restrictions

European Union rules are calling into question the legality of agreements signed between member states and Russian energy monopoly Gazprom...

Telco

Gov’t confident “boring” 2014 budget will boost economy

From the Budapest Business Journal print edition: The parliamentary majority approved the main items of the 2014 budget, boosting spending...

Deals

MOL files for ICSID arbitration on INA dispute

Energy group MOL announced that it filed a request for arbitration with the International Centre for Settlement of Investment Disputes...

Visits

Hungarian-Romanian mixed economic-committee session set

Foreign Trade State Secretary Péter Szijjártó and Minister of Economy Andrei Gerea of Romania agreed at a meeting in Bucharest,...

Food

Analysts: MNB to cut 20 bp, may not stop easing at 3%

Hungary's central bank is all but certain to carry out another 20 bp interest rate cut this week and is...

Deals

Dunaferr announces laying off of 158 workers

Steelmaker ISA Dunaferr has initiated the process of laying off 158 workers at the company’s plant in Dunaújváros, company Human...

Visits

Orbán attends Tokyo forum, says CE open to Japan

Central Europe’s gates are wide open to Japanese investors, Prime Minister Viktor Orbán said in a lecture at Tokyo’s Josai...

EU

Ministry calls Hungary winner of new EU budget

Hungary will become one of the biggest winners of the European Union’s Financial Framework for 2014-2020, approved by the European...

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...