MTI – Econews

Initiatives

Hungary Posts Impact Study of Nat’l Energy and Climate Plan

The Energy Affairs Ministry has issued an impact study of Hungary's National Energy and Climate Plan for public debate....

Int'l Relations

Szijjártó Blasts EC Inaction Over Lukoil Crude Delivery Halt

The European Commission's lack of action on the matter of Ukraine's stoppage of transit deliveries of Russian crude from Lukoil...

Government

Sovereignty, Modernization, Connectivity Key to Hungary’s ‘Grand Strategy’

Sovereignty, technological modernisation and connectivity are pillars of Hungary's "grand strategy", Balázs Orbán, the prime minister's political director, said at...

Recycling

Hungary DRS Volume Reaches Daily 6 mln Units

Daily turnover of Hungary's recently rolled out deposit-return system (DRS) has reached 6m units, operator Mohu said on Friday, according...

Figures

Unemployment Rate up 3.9% y.o.y. in July

While on par with June, July's unemployment rate is up y.o.y....

Banking

OTP Bank Completes Merger of 2 Slovakian Units

OTP has merged its Slovakian units....

EU

Gulyás Offers Migrants ‘One-way Ticket’ to Brussels

Gergely Gulyás said Hungary would offer migrants a "one-way ticket" to Brussels....

Transport

Transport Minister Outlines Action Plan

Minister of Construction and Transport János Lázár outlined a five-point action plan the government will take to address public transportation...

Business, Energy

MOL Makes 3 New Discoveries in Pakistan

Hungarian oil and gas company MOL announced three new gas discoveries in the TAL Block of Pakistan which the company...

Automotive

AutoWallis Earnings Fall on Higher Costs 

First-half net income of listed car seller AutoWallis fell 55% year-on-year to HUF 3.4 bln as acquisition-related costs weighed, an...

Figures

ANY Security Printing Profit Climbs as Export Revenue Grows

First-half net income of ANY Security Printing jumped 155% year-on-year to HUF 3.8 bln, supported by higher sales, especially abroad,...

HR

Hungary Labor Market Reserve Over 300,000

Hungary's potential labor reserve stood at 314,000 people in the second quarter, data released by the Central Statistics Office (KSH)...

Science

Elte Makes Grade in U.S., Chinese Uni Rankings

Eötvös Loránd University (Elte) in Budapest has performed well in United States and Chinese global rankings of universities, the school...

Debt

ÁKK Sells HUF 104.5 bln of Securities at Auction, Above Plan

The Government Debt Management Agency (ÁKK) sold HUF 104.5 billion of securities at auction on Thursday, well over double the...

Pharma

Goodwill Pharma Signs Cooperation Deal With Novartis Hungária

Goodwill Pharma has signed a cooperation agreement with Novartis Hungária on exclusive distribution and promotion, the company said in an...

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...