Maxim LeFleur

In Hungary

Red Bull Air Race to whiz over the Danube once again

The Red Bull Air Race World Championship is set to occur in Budapest for the ninth time on Saturday and...

Telco

Offer of HUF 1.1 bln made for Pápai Hús assets

A HUF 1.1 billion offer has been made for the assets of meat company Pápai Hús, daily newspaper Népszabadság reported...

Retail

Szamos considers Kossuth tér location a success

Business is booming for Szamos Marzipan at a new three-story retail unit and café located across from the Hungarian House...

Food

KSH: Agricultural producer prices up 2.4% in May, y-o-y

Hungary’s agricultural producer prices were up by 2.4% in May compared to the same period a year earlier, according to...

EU

Brexit expected to hurt here

Analysts say a ‘leave’ vote in the U.K. may slow growth here by 0.8%....

Weather

New Hungrana feed pellet plant opened in Szabadegyháza

A new feed pellet plant was opened in Szabadegyháza by the Austrian and US owned Hungrana yesterday through a HUF...

Int'l Relations

Hungarian, Kyrgyz foreign ministers discuss future partnerships

Hungary’s Minister of Foreign Affairs and Trade, Péter Szijjártó, met with his counterpart from Kyrgyzstan, Erlan Abdyldaev, in Budapest yesterday,...

Telco

Masina Gepgyártó to construct 850 sqm assembly plant by year’s end

Masina Gepgyártó is building an 850 sqm assembly plant through an investment of nearly HUF 700 million by the end...

Awards

K&H Hungary receives ‘Best Bank of 2016’ award

K&H bank received the title of “Hungary’s best bank” in Euromoney’s 2016 Awards For Excellence, the bank announced in a...

Automotive

KSH: Hungary’s industrial output up 9.2% y-o-y in May

Industrial production in Hungary increased by 9.2% in May, as compared to the same month a year earlier, according to...

Int'l Relations

Szijjártó: Hungary offering relocation incentives to Indian firms in U.K.

The Hungarian government will incentivize Indian companies to relocate from the United Kingdom to Hungary following the Brexit referendum, Hungarian...

History

U.K. air force conducts night-flight training in Hungary

The United Kingdom’s Royal Air Force (RAF) deployed a C-17 strategic transport aircraft to Hungary to conduct night-flight training, airforce-technology.com...

Food

Zsolnay’s inventory seizure deemed illegal

A Hungarian prosecutor voided the inventory seizure of porcelain maker Zsolnay by tax authorities, daily newspaper Népszava reported today, according...

History

Helsinki Committee: Hungarian ejection of refugees illegal

Amendments to Hungarian law that went into effect yesterday allow for the extrajudicial “push back” of asylum seekers, in violation...

Awards

MVN NET to build HUF 1.5 billion broadband network with EU, state funds

Hungarian state-owned telecommunications company MVM NET will construct a HUF 1.5 bln next-generation broadband network in the Papa municipal district...

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...