A couple of months ago the Hungarian oil firm MOL Group made the surprise announcement that its executive vice-president of exploration and production, Alex Dodds, was quitting. Mr. Dodds helped to mastermind MOL’s “brilliant strategy” to build interests in Kurdistan and the UK North Sea region Years ago Mr. Dodds’ name appeared in British tabloids when he has sustained head […]
The Fidesz party mayor of Drávaszerdahely, a village of just 214 residents, is a very lucky man, and for this, he can give thanks to the Hungarian right’s archnemesis, former Socialist Prime Minister Ferenc Gyurcsány. In 2006, Mr. Gyurcsány signed an agreement to open a natural gas distribution centre in the village, which provides gas to southern regions in both […]
Hungary’s economy minister Mihály Varga has been named “Finance Minister of the Year, Central and Eastern Europe 2015” by London-based Euromoney Emerging Markets magazine. Government media in Budapest and the Hungarian Embassy in Washington are praising Mr. Varga and the ruling Fidesz party is elated by Euromoney’s choice. Is this another example of Prime Minister Orbán’s successful economic policy? Many […]
About 2 million of the 11 million diesel engines involved in the Volkswagen-Audi emissions scandal were manufactured at the Audi plant in Győr, in western Hungary. Mihály Varga, Hungary’s Minister of Economy, said that his government was already in talks with German car manufacturers to assess the potential impact on Hungary’s economy. (See the Reuters report here.) He has good […]
