Gergő Rácz

Ratings

Varga: Strong demand at bond issue shows confidence in Hungary

Five-fold demand for a $2 billion dollar bond Hungary issued on Monday reflects investors’ long-term confidence in the country, Economy...

Green Energy

Hungary sticking to its nuclear ambitions

Environmental concerns and the still haunting images of the Fukushima disaster continue to divide the world on whether nuclear energy...

Retail

Hungary retailers’ strategy: Sell it smaller!

Retailers may have initially objected to the government’s ban on the construction of new shopping centers, but they have learned...

Competition

Tax inspector: HUF 1.7 trillion in VAT fraud run up

Former employee of the National Tax and Customs Office (NAV) András Horváth has stepped forward in claiming that the authority...

Tourism

Taxi inspectors chase hyenas, find numerous “anomalies”

Inspectors of the Budapest Transportation Center (BKK) conducted extensive inspections into the operation of taxi cabs in the city in...

Analysis

Resurrection for Sólyom? New owner pledges December launch

Wobbling new Hungarian airline Sólyom Airways has secured a new owner, which the company says will enable its first flight...

MNB

JP Morgan upgrades Hungary growth forecast

JP Morgan said on Friday it had significantly upgraded its forecast for Hungary’s GDP growth on the back of a...

Issues

Orbán urges decision on forex loans by top court

Prime Minister Viktor Orbán on Friday said he is pressing for the Kúria, Hungary's supreme court, to take a decision...

Issues

MOL board authorizes preparations for sale of INA stake

The board of directors of Hungarian oil and gas company MOL has authorized the company's executive board to start preparations...

Deals

Surplus cuts ten-month fiscal deficit to 84.5% of 2013 target

A HUF 61.4 billion surplus posted in October reduced Hungary's cash flow-based general government deficit, excluding local councils, to HUF...

Banking

Tobacco excise tax revenue almost HUF 29 billion in October

Revenue from excise tax on tobacco products peaked for the year at HUF 36.2 billion in September and reached HUF...

Issues

Kúria civilian college president: Courts unlikely to resolve fx loan issue

President György Wellman of the civilian college of Hungary's supreme court, known as the Kúria, said yesterday that the foreign-currency...

History

Time approaching to take profits from Hungarian assets

The central bank’s thirst to reach a record low base rate month after month seems unabated, but market analysts say...

EU

Government wants Hungary to stay GMO-free

Hungary should retain its prohibition on the production of GMO crops in the country, Rural Development Ministry deputy state secretary...

Automotive

Automotive Hungary opens; two milestones for Audi

Almost 200 automotive industry suppliers are showing at the Automotive Hungary trade show, which opened at Hungexpo in Budapest on...

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...