MTI – Econews

Figures

Q2 GDP Growth Puts Hungary at ‘Forefront’ in EU – Ministry

Hungary's 1.3% year-on-year GDP growth rate in the second quarter puts the country in the "forefront" compared to other European...

Debt

Hungary Has EUR 166 mln C/A Deficit in June

Hungary's current account had a EUR 166 mln deficit in June, after months of surpluses, preliminary monthly data released by...

Automotive

Automotive Sector Output Falls 11.8% in June

Output of the automotive industry, Hungary's biggest manufacturing sector, fell 11.8% year-on-year in June, a detailed release of data by...

Office Market

Graphisoft Park Earnings Rise 16% in H1

First-half after-tax profit of Graphisoft Park, which owns and operates a business park in the north of Budapest, rose 16%...

Residential

Home Rental Rates in Hungary Rise 10.2% in July

Home rental rates in Hungary rose 10.2pc year-on-year in July, data compiled by the Central Statistical Office (KSH) from listings...

Tourism

Balaton Most Popular Destination for August 20 Holiday Bookings

One in three Hungarians travelling over the four-day weekend for the August 20th national holiday will stay at destinations around...

Government

Application Starts for HUF 50 bln Food Processing Funding Scheme

Applications for HUF 50 bln in funding to support food processing investments that benefit small farmers are being accepted, the...

Banking

Lender Liquidity Narrows Further in July

Forint liquidity of the domestic banking sector decreased in July, indicated by a fall in the average stock of credit...

Transport

Waberer’s Profit Falls as Margins Narrow

Second-quarter net income of listed Hungarian haulier Waberer's fell 61% year-on-year to EUR 5.9 million as margins narrowed and an...

Science

Hungary to Contribute EUR 32 mln to ESA Programs in 2025

Hungary will contribute EUR 32 million to European Space Agency (ESA) programs in 2025, the Ministry of Foreign Affairs and...

Business

Raiffeisen Bank Zrt H1 profit reaches HUF 51 bln

First-half after-tax profit of Austrian-owned Raiffeisen Bank Zrt rose 73% year-on-year to HUF 51.5 bln, an earnings report shows....

Banking

OTP Q2 Profit Close to HUF 268 bln

Consolidated second-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, reached HUF 267.9 billion, an earnings report released ahead...

Banking

Erste Bank Hungary H1 Profit Climbs to HUF 74.4 bln

First-half after-tax profit of Austrian-owned Erste Bank Hungary rose almost 60% year-on-year to HUF 74.4 billion, chairman-CEO Radovan Jelasity said...

Debt

Gen Gov’t Deficit Narrows to HUF 2.444 tln on July Surplus

Hungary's cash flow-based general government deficit narrowed to HUF 2.443 trillion at the end of July on a HUF 213...

Banking

KBC Books Q2 Net Income of EUR 121 mln in Hungary

Belgium's KBC booked net income of EUR 121 million at its banking and insurance business in Hungary, up 92% from...

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...