Maxim LeFleur

MNB

MNB to keep 0% countercyclical capital buffer rate

The National Bank of Hungary (MNB) determined that it will keep the existing level of a 0% countercyclical capital buffer...

Sustainability

Hungary’s Competition Office clears MNB foundation’s real estate purchases

The Competition Office of Hungary (GVH) gave the go-ahead for the purchase of four new real estate properties by the...

Deals

Moodyʼs considers downgrade of embattled FHB bank

FHB mortgage bank is under review for a downgrade by Moody’s Investors Service, according to a press release from the...

Telco

Mid Europa Partners to buy out retiring Waberer founder

The founder of Waberer’s International will be bought out by private equity fund, Mid Europa Partners, as he is retiring...

History

Investigation opens over refugee drowning in Hungary

Hungarian prosecutors have launched an investigation into whether police can be held criminally accountable for negligence resulting in the death...

History

UNHCR representative opposes shutdown of Hungarian refugee centers

Hungary’s plan to shut down refugee reception centers will make it significantly more challenging for those granted asylum to integrate,...

Sights

MVM office opened in Brussels

The Hungarian Electricity Works (MVM) opened a representative office in Brussels, according to a report published by Hungarian news agency...

Conferences

Sicta group inaugurates €4 mln expansion at Felsőzsolca facility

The Sicta group, a supplier for the automotive industry, opened a €4 million office and warehouse building at its Felsőzsolca...

History

Hungarian state-owned TV secures Olympics broadcast up to 2024

The Summer and Winter Olympics will be broadcast on Hungarian state-owned television from 2018 to 2024, following the conclusion of...

Initiatives

Economy minister, BP mayor hold public discussion on national bus strategy

A public discussion on the national bus industry strategy and issues regarding public transportation in Budapest was held yesterday with...

History

Hungary, Morocco discuss tourism partnership

Hungary and Morocco expressed interest in developing bilateral tourism cooperation, in a meeting between government officials of the two countries...

History

Szijjártó: Britain should remain in the EU

Britain should vote to remain in the European Union, Hungaryʼs Minister of Foreign Affairs and Trade Péter Szijjártó said yesterday...

Telco

MNBʼs foundations said to invest in real estate

The National Bank of Hungary’s (MNB) controversial Pallas Athéné foundations (PADA) moved some of their endowment from government securities and...

Telco

Gyermelyi opens HUF 1.6 bln center for crop cultivation

Hungarian pasta company Gyermelyi opened a new crop cultivation center in Szomor today with an investment of HUF 1.6 billion,...

Deals

Budapest Stock Exchange returns to full FESE membership

The Budapest Stock Exchange (BSE) announced today that it has returned to full membership in the Federation of European Securities...

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...