Maxim LeFleur

Telco

Government budget in positive territory with record surplus

Increased tax revenues helped push Hungary’s government budget into positive territory for the first time in years, with a record...

History

Social media study: Hungarians link Brexit, immigration

In the first week following the historic U.K. decision to leave the European Union, Brexit was found to dominate online...

Food

KSH: Hungary’s retail sales up 6.8% y-o-y in May

Hungary’s volume of sales in retail shops in May increased by 6.8% over the same period last year according to...

Initiatives

Government to meet Budapest’s M3 replacement bus resolution deadline

The government of Hungary is set to meet the Budapest Municipal Council’s deadline for making a resolution regarding the necessary...

MNB

Household savings decreases to 6.1% of GDP in Q1

The rolling four-quarter net household savings ratio of Hungary decreased to 6.1% of GDP in Q1, said the National Bank...

Interview

Officials: Hungary, Poland should strengthen ties post-Brexit

Hungary and Poland would benefit from strengthened bilateral relations following the United Kingdom’s decision to leave the European Union, officials...

Visits

Orbán blames EU polcy and migration crisis for Brexit

Prime Minister Viktor Orbán said that EU political systems and migration policies are to blame for the U.K. decision to...

Deals

OTP shares purchased by Csányi Fund

Some 300,000 OTP Bank shares were purchased by a fund operated by Sándor Csányi’s Singapore-based CSAM Asset Management, the lending...

Initiatives

Budapest mayor reiterates transportation ultimatum on M3 buses

Budapest will use its funds to purchase replacement buses for the M3 metro line during its renovation if the government...

Analysis

Chinese, Hungarian companies make media exchange deal

Hungary’s Cineworks Studio solidified a strategic partnership with China Broadcasting Media (CBM), the companies announced at a signing ceremony at...

Int'l Relations

Szijjártó to discuss Brexit in India next week

India is expected to engage in high-level discussions regarding the repercussions of the Brexit referendum on the European Union during...

Sustainability

Duna House readying for potential IPO

Hungarian real estate broker Duna House is readying for an initial public offering (IPO) of its shares possibly as soon...

Tourism

KSH: Hungary’s jobless rate drops to 5.5% in March-May

Hungary’s unemployment rate fell by 1.6 percentage points to 5.5% in the period of March to May, compared to the...

Int'l Relations

Szijjártó: Hungary to help remove Azerbaijan visa requirements for EU

Hungary hopes to assist Azerbaijan in removing visa requirements for EU countries as part of an effort to develop economic...

Initiatives

EU funding to drive Hungarian highways overhaul

The Hungarian government is planning over 19 transport related projects as part of an overarching program to improve the country’s...

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...