Danubius Hotels targets 30% revenue rise in Romania

Hungary's Danubius Hotels Group is seeking a 30% revenue rise from its business in Romania this year, the company said yesterday. 
BusinessThursday, 08:05, March 5, 2015 Read more

OTP Bank raises capital at Romanian unit

OTP Bank yesterday said it raised capital at its Romanian unit to RON 958 mln from RON 783 mln. According to calculations made by Hungarian news agency MTI, the raise is equivalent to about €39 mln. OTP Bank owns 99.99% of the bank. 
BusinessThursday, 08:40, January 22, 2015 Read more

OTP Romania offers relief for CHF debtors

OTP Bank Romania, the largest Romanian subsidiary of Hungarian OTP, is planning to lower the interest rates for its Swiss franc-based loans in Romania in order to aide clients there in the wake of the unexpected removal of the exchange rate cap of the franc against the euro by the Swiss National Bank (SNB) on Thursday.
BusinessMonday, 09:25, January 19, 2015 Read more

Hungarian-Romanian business office opens in Nyíregyháza

Hungary and Romania opened a business coordination office in Nyíregyháza in northeastern Hungary in order to foster partnerships between SMEs in the two countries, Hungarian news agency MTI reported today.
EconomyTuesday, 14:25, December 16, 2014 Read more

Hungary’s LAC and Romania’s Softronic plan joint engine production

Hungarian company LAC Holding and Romania’s Softronic signed on Monday a letter of intent (LoI) on launching joint railways engine production in Hungary, news agency MTI reported. The two companies plan to set up a joint venture 51% owned by Softronic and 41% by LAC Holding.
BusinessTuesday, 08:25, December 16, 2014 Read more

Wizz Air expands in Romania

Hungarian low-cost airline Wizz Air will add another Airbus A320 to operate its flights to and from Bucharest, Romania’s capital. This will increase the carriers’capacity by 29 %, Wizzair announced late yesterday.
BusinessThursday, 14:00, September 11, 2014 Read more

Despite calls from Norway, EU sends funds

European Union officials will not freeze development funds to Hungary, despite calls from Norway to adopt stricter measures towards the country, according to reports. Norway made the call to sanction Hungary after Hungarian Prime Minister Viktor Orbán's controversial late-July speech, in which he announced the end of liberal democracy for Hungary.
EconomyMonday, 13:15, September 8, 2014 Read more

Wizz Air now flies from 5 Romanian airports

Hungary-based low-cost airline Wizz Air now flies out of Craiova, Romania, which is the company's fifth destination in that country, the carrier announced today.
BusinessWednesday, 14:50, July 23, 2014 Read more

Hungary, Romania meet on economy

A plenary meeting of the Hungarian-Romanian Joint Economic Committee took place in Budapest on Tuesday, according to Magyar Nemzet online (www.mno.hu)...
EconomyWednesday, 08:40, July 16, 2014 Read more

OTP Bank close to buying Romanian network of Portugal's Millennium Bank

Hungary's OTP Bank is in the final stages of talks regarding the purchase of the Romanian network of Portugal's Millennium Bank, the Romanian business daily Ziarul Financiar reported today.
EconomyFriday, 13:40, July 11, 2014 Read more

Russia to observe Hungary from above

Russia has been given permission to carry out two observation flights over the territories of Hungary and Romania between May 25 and May 31, the head of the Russian nuclear risk reduction center Sergei Ryzhkov said.
PoliticsMonday, 13:15, May 26, 2014 Read more

MOL to acquire 280 Agip stations, in meet with Orbán

MOL this morning announced an agreement to acquire 208 Agip petrol stations in the Czech Republic, Slovakia and Romania from Italy-based peer ENI, a significant boost to the oil-and-gas giant’smarket share in the three countries...
BusinessWednesday, 14:30, May 7, 2014 Read more

Wizz Air announces timetable, expansion at three airports

Hungary-based budget airline Wizz Air has released its timetable for the winter season today, a schedule, capping a busy week for the carrier in which expanding operations at three regional airports was also 
BusinessTuesday, 15:00, April 29, 2014 Read more

Fringe Russian party: Return Ukraine land to Hungary, Poland, Romania

Could Hungary actually see an increase in national territory for the first time since the 19th century? Incredibly unlikely, but if the fantastical scenario proposed by Vladimir Zhirinovsky and his far-right party LDPR came to fruition, this would indeed happen at the expense of Ukraine. 
PoliticsTuesday, 09:00, March 25, 2014 Read more

Border guards accused of systematic corruption

Hungarian border guards regularly demand bribes from Romanians heading to Great Britain for jobs, according to a UK newspaper. Authorities regularly demand a €300 “fee” from Romanian groups, with refusal to pay often meaning unwarranted confisication of personal items...
PoliticsMonday, 08:30, January 6, 2014 Read more

MKB signs contract on sale of Romanian unit

MKB Bank, the Hungarian unit of Germany-based BayernLB reported yesterday the signing of a contract for the sale of its direct 96.3% stake in Romania-based Nextebank S.A. on December 31, getting a deal promised in August down just under the wire...
BusinessFriday, 10:00, January 3, 2014 Read more

Hungarian-Romanian mixed economic-committee session set

Foreign Trade State Secretary Péter Szijjártó and Minister of Economy Andrei Gerea of Romania agreed at a meeting in Bucharest, Romania, on Monday to convene a session of the Hungarian-Romanian mixed economic-committee...
EconomyTuesday, 10:30, November 26, 2013 Read more

Show of support for Szeklerland in Hungary, Romania

This weekend saw demonstrations in Budapest, Debrecen, Szolnok and 14 towns in the Transylvanian segment of Romania in a show of solidarity for ethnic Hungarians living abroad and in hopes of gaining autonomous status for Széklerland...
PoliticsMonday, 07:55, October 28, 2013 Read more

Football news: Hungary wins 5-1, bid for 2020 Cup announced

Hungarian soccer headlines: The national team split a couple of 2014 World Cup qualifying matches; MLSz announces its intention to bid for 2020 Eurocup hosting along with revitalization plans for Puskas Stadium; and another case of poor fan behavior reported...
CultureWednesday, 11:00, September 11, 2013 Read more

Seven injured in pre-match fracas in Bucharest

Before Team Hungary egregiously dropped its World Cup qualifier match to Romania, 3-0, in Bucharest on Friday night, Hungarian fans were involved in scuffling with their Romanian counterparts and police...
PoliticsMonday, 06:40, September 9, 2013 Read more