MTI – Econews

Conferences

Hungarian, Greek business reps meet in Budapest

Representatives of Hungarian and Greek businesses held a forum at the Budapest Chamber of Commerce and Industry (BKIK)....

Ecosystem

Gov’t, Talentis Group to cooperate on creating “Silicon Valley” near Budapest

Hungary's National Development Ministry and the Talentis Group signed a declaration of intent on Thursday to establish a joint venture...

Ecosystem

Gov’t, Talentis Group to cooperate on creating “Silicon Valley” near Budapest

Hungary's National Development Ministry and the Talentis Group signed a declaration of intent on Thursday to establish a joint venture...

Debt

Hungary debt manager plans net forint issuance of HUF 233 bln in March-May

Hungary's Government Debt Management Agency (ÁKK) plans HUF 233 billion net issuance - all in discount T-bills - in March-May,...

Debt

Hungary debt manager plans net forint issuance of HUF 233 bln in March-May

Hungary's Government Debt Management Agency (ÁKK) plans HUF 233 billion net issuance - all in discount T-bills - in March-May,...

Retail

Deichmann Magyarország sales climb to HUF 20 bln in 2010

The Hungarian unit of German shoe seller Deichmann had gross revenue of HUF 20.0 billion in 2010, up 13% from...

Retail

Deichmann Magyarország sales climb to HUF 20 bln in 2010

The Hungarian unit of German shoe seller Deichmann had gross revenue of HUF 20.0 billion in 2010, up 13% from...

Office Market

16% of office tenants in Hungary need more space

Only about 16% of office tenants in Hungary say they need more space, an annual survey by developer Skanska Property...

Office Market

16% of office tenants in Hungary need more space

Only about 16% of office tenants in Hungary say they need more space, an annual survey by developer Skanska Property...

Automotive

Brixxon Electric MotorCars to build plant in Hungary

Hungarian-owned electric car maker Brixxon Electric MotorCars plans to build a 1,000-1,500 square meter plant in Hungary....

Automotive

Brixxon Electric MotorCars to build plant in Hungary

Hungarian-owned electric car maker Brixxon Electric MotorCars plans to build a 1,000-1,500 square meter plant in Hungary....

Energy, Domestic

Gov’t Offering 30% Discount on January Heating Hike Worth HUF 50 bln

The government will provide all Hungarian households with a 30% discount on their January heating bills to offset a spike...

Budapest, City, Tourism

BKK signs contract for Bubi bike share scheme operation

The Budapest Transport Centre (BKK) has signed a contract with tender winner Inurba Mobility to operate the Bubi bicycle-sharing scheme,...

Telco

Financial Loss Puts 4iG in the Red

Listed ICT company 4iG had a first-half loss of HUF 23.3 bln as financial losses weighed, an earnings report released...

Energy Trade

MOL Not informed of Any Changes to Druzhba Deliveries

Hungarian oil and gas company MOL has not received any indication that deliveries of crude through the Druzhba pipeline would...

Pollution

Hungary Requires Environmental Impact Studies for Battery Manufacturers

Hungary will require battery manufacturers to conduct environmental impact studies for new investments in future, the Energy Affairs Ministry said...

Business

New Retail Lending Climbs, Corporate Outlays Stagnate in Q2 – MNB

Hungarian lenders' outlays to retail clients jumped 76% in the second quarter from the same period a year earlier, while...

Banking

MBH Bank H1 Earnings Climb 28%

First-half after-tax profit of MBH Group, Hungary's second-biggest commercial lender, climbed 28% year-on-year to HUF 108.8 bln, an earnings report...

Automotive

Rába Books H1 Loss on Weak Demand, Narrowing Margins

Hungarian automotive industry company Raba booked a HUF 448 mln loss in the first half as sales declined and margins...

Ratings

Concorde Updates Analysis for AutoWallis

Independent Hungarian brokerage Concorde has updated its analysis for listed car seller AutoWallis, keeping its buy rating for the share...

Music

Ricky Martin to Headline State Lottery Company Free Concert

International Latin music star Ricky Martin is set to headline a free concert organized by the state-owned lottery company, Szerencsejáték,...

Int'l Relations

Spain Blocks Sale of Talgo to Ganz-Mávag

Spain's government has denied clearance for Hungarian rolling stock maker Ganz-Mávag's planned acquisition of local peer Talgo, the economy ministry...

MNB

MNB Leaves Base Rate on Hold at 6.75%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate on hold...

HR

Number of Registered Jobseekers Edges Lower

The number of registered jobseekers in Hungary reached 224,598 in August, edging down 2% from the same month a year...

Power

Paks II Project Reaches Another Milestone

Soil consolidation under the site of the number five block of the Paks nuclear power plant has finished and is...

Hungarian Gov’t to Establish National Transport and Rolling Stock Management Companies

The Hungarian government is creating a fully state-owned national transport organiser and a rolling stock management company to improve the...

Gov’t Offering 30% Discount on January Heating Hike Worth HUF 50 bln

The government will provide all Hungarian households with a 30% discount on their January heating bills to offset a spike...

BKK signs contract for Bubi bike share scheme operation

The Budapest Transport Centre (BKK) has signed a contract with tender winner Inurba Mobility to operate the Bubi bicycle-sharing scheme,...

Financial Loss Puts 4iG in the Red

Listed ICT company 4iG had a first-half loss of HUF 23.3 bln as financial losses weighed, an earnings report released...

MOL Not informed of Any Changes to Druzhba Deliveries

Hungarian oil and gas company MOL has not received any indication that deliveries of crude through the Druzhba pipeline would...

Hungary Requires Environmental Impact Studies for Battery Manufacturers

Hungary will require battery manufacturers to conduct environmental impact studies for new investments in future, the Energy Affairs Ministry said...

New Retail Lending Climbs, Corporate Outlays Stagnate in Q2 – MNB

Hungarian lenders' outlays to retail clients jumped 76% in the second quarter from the same period a year earlier, while...

MBH Bank H1 Earnings Climb 28%

First-half after-tax profit of MBH Group, Hungary's second-biggest commercial lender, climbed 28% year-on-year to HUF 108.8 bln, an earnings report...

Rába Books H1 Loss on Weak Demand, Narrowing Margins

Hungarian automotive industry company Raba booked a HUF 448 mln loss in the first half as sales declined and margins...

Concorde Updates Analysis for AutoWallis

Independent Hungarian brokerage Concorde has updated its analysis for listed car seller AutoWallis, keeping its buy rating for the share...

Ricky Martin to Headline State Lottery Company Free Concert

International Latin music star Ricky Martin is set to headline a free concert organized by the state-owned lottery company, Szerencsejáték,...

Spain Blocks Sale of Talgo to Ganz-Mávag

Spain's government has denied clearance for Hungarian rolling stock maker Ganz-Mávag's planned acquisition of local peer Talgo, the economy ministry...

MNB Leaves Base Rate on Hold at 6.75%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate on hold...

Number of Registered Jobseekers Edges Lower

The number of registered jobseekers in Hungary reached 224,598 in August, edging down 2% from the same month a year...

Paks II Project Reaches Another Milestone

Soil consolidation under the site of the number five block of the Paks nuclear power plant has finished and is...