Nick Pongratz

Construction

KSH: Construction output volume up 10.8% in April

Hungaryʼs construction output volume saw a year-on-year 10.8% increase in April, decelerating from a 12.7% growth rate in the preceding month,...

Competition

TI gives MFB a perfect score for compliance with disclosure rules

Transparency International (TI) gave the Hungarian Development Bank a perfect score of 100 points in a gauge of compliance with...

Analysis

Patai predicts two more lean years for Hungarian banks

Hungarian Banking Association President Mihály Patai expects it to take another two years before the government eases measures leveled at...

Automotive

KSH confirms industrial output figures with second estimate

With a second estimate of industrial production in April 2015, KSH confirmed its first estimate of a 6.3% increase as...

Food

KSH: Agricultural producer prices decrease by 8.0%

Agriculture producer prices dropped by 8.0% in April of this year, as compared to the same month in 2014. Within...

Visits

BBC: Hungarian environmentalists look to EC to dispute Paks

Environmentalists in Hungary “hope the European Commission will rule that Hungaryʼs 20% share of the construction costs will be judged...

EU

Budapest welcomes Papandreou at HVCA conference

Hungarian Private Equity and Venture Capital Association (HVCA) held its 17th annual conference on Private Equity, Venture Capital and Corporate...

Banking

Financial Times: ‘Orbánomics’ stuns critics

The Hungarian economy under Prime Minister Viktor Orbán grew faster than its EU peers in 2014, though critics say this...

Telco

KSH: Spending by foreigners in Hungary rises by 11% in Q1

Spending by foreign visitors to Hungary rose to HUF 288 bln, 11% higher than in the first quarter a year...

Awards

HB Reavis Group welcomes new International Business Development Director

Zinaida Vojnar has been appointed International Business Development Director for HB Reavis Group, and will be responsible for building and...

BBC: Rise of the right threatens Hungary’s position in Europe

As Fidesz loses popularity to far-right party, Jobbik, it has taken a rightward shift in its policy, which may threaten...

Tourism

KSH: Guest nights up 4.8% in April in Hungary

The number of nights spent by foreign and domestic tourists increased in April by a year-on-year 2.5% and 7.9% respectively,...

Analysis

Report: Internet usage gap narrows

Regular usage of the internet is increasing in non-urban areas, making the practice less exclusive to urban users, according to...

Food

Nomura expects Hungaryʼs CPI to grow further

Driven by the surprise +0.5% year-on-year CPI in Hungary for May, analysts at Nomura believe the National Bank of Hungary...

Visits

Report: EU measures against Orbán ineffective

Despite victories against the Hungarian government in the European Court, former EU Justice Commissioner Viviane Reding says Brussels has a...

Industrial

DTZ: Tenants expand in BC140 property

Two tenants decided to renew and expand their release premises in the BC140 office building, according to a press release...

Banking

Budapest housing market boosted by holiday rentals

Home sales in the center of Budapest saw a 40% rise last year, with demand being highest for 40-60 sqm...

History

Reuters: As fence nears completion, Hungary considers reinforcement

The fence being built along Hungary’s southern border with Serbia is due to be completed by August 31, however, the...

Initiatives

Government holds conference on civic consolidation

The ruling Fidesz party held a private conference yesterday, with a focus on civic consolidation, during which Prime Minister Viktor...

Competition

Hungary supports Tallinn Declaration to prosecute Communist crimes

Hungarian State Secretary of Justice, Róbert Répássy (pictured), was among the signatories of the Tallinn Declaration, which calls for setting...

History

Budapest Mayor: Migrant situation becomes unmanageable

Budapest Mayor István Tarlós said that despite the metropolitan councilʼs effort to hand illegal migrants humanely, the situation has become...

Crops

Ministers: Fence will be completed by August 31

After inspecting a section of the barrier being built along Hungaryʼs border with Serbia, near Mórahalom, both Minister of Interior...

Visits

Socialists criticize border police units

Socialist immigration expert Richárd Barabás told the press that plans to set up border police units to guard the fence...

Government says Hungary too busy protecting border to help migrants

In response to a claim that Hungary is staying away from joining EU missions in the Mediterranean to tackle the...

Tourism

Fidesz welcomes EPPʼs proposal to modify safe country list

Fidesz officials said they backed a proposal by the center-right European Peopleʼs Party to include all EU candidate countries in...

Justice Minister: No better solution than border fence

In order to "stop a daily 1,500-1,600 illegal newcomers" who arrive in a "professionally organized manner," Hungary has no other...

History

Hungarian forces join NATO mission in Baltics

A Hungarian contingent of four Gripen fighters and over 100 troops will be based in Siauliai, Lithuania, and serve in...

Pussy Riot makes appearance at Sziget Festival

Nadezhda Tolokonnikova and Maria Alyokhina, two members of punk-activist protest group Pussy Riot, answered questions about activism during a roundtable...

Liberals call for unification to overcome hate

Anett Bősz, an executive of the Hungarian Liberal Party, said that by joining forces, the Fidesz governmentʼs "hate campaign" against...

DTZ: Tenants expand in BC140 property

Two tenants decided to renew and expand their release premises in the BC140 office building, according to a press release...

Budapest housing market boosted by holiday rentals

Home sales in the center of Budapest saw a 40% rise last year, with demand being highest for 40-60 sqm...

Reuters: As fence nears completion, Hungary considers reinforcement

The fence being built along Hungary’s southern border with Serbia is due to be completed by August 31, however, the...

Government holds conference on civic consolidation

The ruling Fidesz party held a private conference yesterday, with a focus on civic consolidation, during which Prime Minister Viktor...

Hungary supports Tallinn Declaration to prosecute Communist crimes

Hungarian State Secretary of Justice, Róbert Répássy (pictured), was among the signatories of the Tallinn Declaration, which calls for setting...

Budapest Mayor: Migrant situation becomes unmanageable

Budapest Mayor István Tarlós said that despite the metropolitan councilʼs effort to hand illegal migrants humanely, the situation has become...

Ministers: Fence will be completed by August 31

After inspecting a section of the barrier being built along Hungaryʼs border with Serbia, near Mórahalom, both Minister of Interior...

Socialists criticize border police units

Socialist immigration expert Richárd Barabás told the press that plans to set up border police units to guard the fence...

Government says Hungary too busy protecting border to help migrants

In response to a claim that Hungary is staying away from joining EU missions in the Mediterranean to tackle the...

Fidesz welcomes EPPʼs proposal to modify safe country list

Fidesz officials said they backed a proposal by the center-right European Peopleʼs Party to include all EU candidate countries in...

Justice Minister: No better solution than border fence

In order to "stop a daily 1,500-1,600 illegal newcomers" who arrive in a "professionally organized manner," Hungary has no other...

Hungarian forces join NATO mission in Baltics

A Hungarian contingent of four Gripen fighters and over 100 troops will be based in Siauliai, Lithuania, and serve in...

Pussy Riot makes appearance at Sziget Festival

Nadezhda Tolokonnikova and Maria Alyokhina, two members of punk-activist protest group Pussy Riot, answered questions about activism during a roundtable...

Liberals call for unification to overcome hate

Anett Bősz, an executive of the Hungarian Liberal Party, said that by joining forces, the Fidesz governmentʼs "hate campaign" against...