Maxim LeFleur

Sights

Budapest Gypsy Symphony Orchestra to perform on August 4

The Budapest Gypsy Symphony Orchestra and the Hundred Gypsy Violins will perform the final act of the month-long 25th Summer...

Deals

MKB ESOP buys back 15% stake from Blue Robin

The employee stock ownership plan (ESOP) of MKB Bank has acquired 15% of the lender’s shares from Blue Robin Investments,...

Telco

Wizz Air shares take off after plans to cut UK routes

Shares in Hungarian low-cost airline Wizz Air climbed by 3.9% after the company announced it is halving growth plans for...

In Hungary

PannErgy shareholders vote down share withdrawal, stick by board member

PannErgy shareholders voted to reject proposals to recall a member of the board and to withdraw treasury shares at the...

Deals

Tesco Hungary sheds 500 after internal restructuring

Around 500 employees are leaving their positions at the Hungarian unit of Tesco following a restructuring of the business in...

Telco

Tax-exempt accounts in see HUF 44 bln deposits in 2016

Around HUF 44.1 billion was deposited into 550 “Stability Savings Accounts” in the first half of this year, daily Magyar...

Recycling

Paks nuclear plant block shut down following malfunction

A control system malfunction prompted the automatic shutdown of block one of the Paks nuclear power plant in Hungary, the...

History

Human Rights Watch: Some migrants subjected to cruel and violent treatment at border

Migrants at the border of Hungary are being forced back to Serbia, in some cases with cruel and violent treatment,...

History

Hungary to refurbish Jewish cemeteries

Members of the Hungarian Parliament met in the Knesset in Jerusalem with lawmaker Yisrael Eichler, chairman of the Hungarian Friends...

Hungary’s budget reserves of HUF 2.5 bln put towards Olympic bid

The government of Hungary has reallocated HUF 2.5 billion of its budget reserves for “extraordinary government measures” for Budapest’s bid...

City

More than 9,000 bicycles stolen in Hungary in 2015

More than 9,056 bicycles were stolen in Hungary last year, daily newspaper Magyar Idők reported today, citing data released by...

Automotive

Used car imports up 22% in Hungary in H1 2016

Imports of used cars increased by 22% in Hungary in the first half of 2016 in a year-on-year comparison, and...

Deals

Siker Malomipari set to be wound up

The bankruptcy procedure of milling company Siker Malomipari was ended by a court today, making way for a wind-up procedure,...

History

Pew: Hungarians remain concerned over refugees

Hungarians harbor more concerns over security threats and economic repercussions from refugees than residents of any other country surveyed in...

Social

V4 cultural professionals gather in South Korea

Guests from the Czech Republic, Hungary, Poland and Slovakia, the member countries of the Visegrad Four group, gathered in Seoul...

Telco

Funding proposal for M3 renovation to be submitted in autumn

A proposal regarding the funding of the Budapest M3 metro renovation will be submitted to the government in late September...

Social

Almost 300,000 visited Hungexpo in first five months of 2016

Nearly 300,000 visited Hungexpo from January to May of this year, a 10% increase from the same period a year...

Int'l Relations

Hungary, Azerbaijan MPs pledge to develop stronger relations between the countries

Hungary attaches great importance to developing relations with Azerbaijan, MP and Head of the Hungarian-Azerbaijani Inter-parliamentary Friendship Group Márton Gyöngyösi...

Automotive

Test production started in Croatia gas fields by MOL unit

The start of test production at two gas fields in Croatia was announced today by INA, the local unit of...

Crops

Refugees at Serbia border begin hunger strike

Around 150 refugees began a hunger strike yesterday in a field at the Hungary-Serbia border, requesting entry into the European...

MNB

Pannon Fuel to construct 39 new CNG stations in Hungary

Pannon Fuel is anticipated to begin the construction of 39 compressed natural gas (CNG) stations in Hungary in fall, the...

Recycling

LNG terminal to be built at Csepel port

A liquefied natural gas terminal (LNG) will be added to the port of Csepel on the Danube in the south...

Sights

Chamber fees unpaid by many local firms

Around 504,000 Hungarian companies have paid their annual business chamber fees so far this year, significantly less than the total...

Sustainability

Report sees CEE continuing to outperform

GDP growth of 3.1% in Central and Eastern Europe (CEE) in 2015 was nearly double the 1.6% growth seen in...

Visits

Orbán bashes Europe’s political elite

Calling for fundamental change and identifying "elites" as the problem, Hungarian Prime Minister Viktor Orbán spoke about the immigration crisis,...

MNB

Survey: More Japanese companies in Hungary

An annual survey by the Japan External Trade Organization (JETRO) revealed a slight increase in the amount of Japanese-owned companies...

Deals

Local opposition kills plan for Homatech Recycling plant

Plans to build a tire recycling plant in Kaposvár were canceled by Homatech Recycling due to support for a local...

Telco

Hungarian vehicle fuel sales up 6.1% in H1

Sales of vehicle fuels in Hungary reached more than 1.59 billion liters in the first half of 2016, an increase...

Tourism

Hungarian registered job seeker numbers down in June

A total of 291,600 registered job seekers were looking for employment in Hungary at the end of June, a decrease...

Industrial

Office vacancies in Budapest rise to 9.7% in Q2

The rate of office space vacancy in the Budapest market increased by 1.1 percentage points to 9.7% in Q2 of...

Funding proposal for M3 renovation to be submitted in autumn

A proposal regarding the funding of the Budapest M3 metro renovation will be submitted to the government in late September...

Almost 300,000 visited Hungexpo in first five months of 2016

Nearly 300,000 visited Hungexpo from January to May of this year, a 10% increase from the same period a year...

Hungary, Azerbaijan MPs pledge to develop stronger relations between the countries

Hungary attaches great importance to developing relations with Azerbaijan, MP and Head of the Hungarian-Azerbaijani Inter-parliamentary Friendship Group Márton Gyöngyösi...

Test production started in Croatia gas fields by MOL unit

The start of test production at two gas fields in Croatia was announced today by INA, the local unit of...

Refugees at Serbia border begin hunger strike

Around 150 refugees began a hunger strike yesterday in a field at the Hungary-Serbia border, requesting entry into the European...

Pannon Fuel to construct 39 new CNG stations in Hungary

Pannon Fuel is anticipated to begin the construction of 39 compressed natural gas (CNG) stations in Hungary in fall, the...

LNG terminal to be built at Csepel port

A liquefied natural gas terminal (LNG) will be added to the port of Csepel on the Danube in the south...

Chamber fees unpaid by many local firms

Around 504,000 Hungarian companies have paid their annual business chamber fees so far this year, significantly less than the total...

Report sees CEE continuing to outperform

GDP growth of 3.1% in Central and Eastern Europe (CEE) in 2015 was nearly double the 1.6% growth seen in...

Orbán bashes Europe’s political elite

Calling for fundamental change and identifying "elites" as the problem, Hungarian Prime Minister Viktor Orbán spoke about the immigration crisis,...

Survey: More Japanese companies in Hungary

An annual survey by the Japan External Trade Organization (JETRO) revealed a slight increase in the amount of Japanese-owned companies...

Local opposition kills plan for Homatech Recycling plant

Plans to build a tire recycling plant in Kaposvár were canceled by Homatech Recycling due to support for a local...

Hungarian vehicle fuel sales up 6.1% in H1

Sales of vehicle fuels in Hungary reached more than 1.59 billion liters in the first half of 2016, an increase...

Hungarian registered job seeker numbers down in June

A total of 291,600 registered job seekers were looking for employment in Hungary at the end of June, a decrease...

Office vacancies in Budapest rise to 9.7% in Q2

The rate of office space vacancy in the Budapest market increased by 1.1 percentage points to 9.7% in Q2 of...