Gergő Rácz

Issues

Human Rights court upholds severance pay ruling vs Hungary

In a Tuesday decision, The European Court of Human Rights’ Grand Chamber has rejected an appeal against a decision awarding...

Banking

Falling cigarette sales could leave budget HUF 40 billion short

A decline in tobacco sales could cause a HUF 40 billion shortfall in revenue from excise tax and VAT, business...

Debt

MNV to issue bonds exchangeable for Richter shares

The Hungarian National Asset Management Company (MNV) will issue bonds worth about €900 million exchangeable for shares of pharmaceutical producer...

MNB

Foreclosure pressure increasing in Hungary

It is no longer a novelty that a large percentage of banks operating in Hungary are loss making. Those that...

Issues

Varga calls for fx solutions, Kúria considers legality

Further remedies for Hungarian borrowers with foreign currency-denominated loans will be worked out in the coming months, National Economy Minister...

Sights

National Asset Manager: Idle capacity for more toxicity

It took some trimming on the eligibility criteria, but the National Asset Management Agency is finally closer to its designated...

Awards

Football federation approves ex-NT manager’s report

The Hungarian football federation MLSz has accepted the final report submitted by the national team’s recently resigned manager Sándor Egervári,...

Analysis

Economists: MNB has scope for two more 20bp cuts

Hungary's risk environment and CPI trends appear to allow the central bank to carry out two more 20bp interest rate...

Initiatives

HUF 36 billion more for SzHISz in Magyar Posta acquisition

The government is raising the state's minimum contribution to savings cooperative integrator SzHISz from HUF 100 billion to HUF 136...

Pharma

Fidesz submits penal code amendment to punish media libel

The governing Fidesz party has submitted a bill that would introduce prison sentences for those preparing forged audio and video...

Deals

Croatian gov’t asks for postponement of talks with MOL

The Croatian government has requested a meeting with Hungarian oil and gas company MOL on Croatian peer INA be postponed...

PM announces slate of candidates; opposition rift widens

The Dialogue for Hungary (a.k.a. Párbeszéd Magyarországért or PM) group spun off from the green issue-centric opposition party LMP has...

History

Gov’t wants to cut forex loan repayments by 15%-20%

Hungary's government wants to find a solution for borrowers with foreign currency-denominated loans that reduces their repayments by 15%-20% from...

Visits

HITA in agreement with Samara; Russia-Hungary deficit down

Hungary's National Foreign Trade Office (HITA) concluded a framework agreement at Thursday's session of the two-day Hungarian-Russian International Economic Forum...

Competition

Hungarian insurers covering niche markets

Having insurance is commonly considered a good idea to prevent damage in accidents or as a result of crime, but...

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...