MTI – Econews

Automotive

BYD Leads Hungary Market for Battery-only EVs

China's BYD sold 148 vehicles in Hungary in July, making it market leader in the battery-only EV segment, BYD Hungary...

Figures

Garantiqa, AVGHA most active guarantors in Europe

Hungary's Garantiqa Hitelgarancia and Rural Credit Guarantee Foundation (AVGHA) were the most active guarantors in Europe last year, an annual...

Crops

Farmgate Prices for Milling Wheat Climb 15%

Producer prices of milling wheat in Hungary stood at HUF 73,900/tonne in the last week of July, up 15% from...

MNB

MNB International Reserves Rise EUR 1.11 bln in July

International reserves of the National Bank of Hungary (MNB) stood at EUR 47.363 bln at the end of July, up...

Automotive

Number of Battery-only EVs in Hungary Climbs Over 41,000

The number of battery-only electric vehicles registered in Hungary edged over 41,200 in 2023, data compiled by Eurostat show....

Pharma

Improved Margin, Financial Gain Boost Richter Earnings in H1

First-half net income of Hungarian pharmaceutical company Gedeon Richter jumped 103% year-on-year to HUF 138.2 bln, lifted by wider margins...

Figures

Zwack Unicum Profit Drops as Margins Narrow

After-tax profit of Zwack Unicum, Hungary's biggest spirits maker, fell 7% to HUF 746 mln in the first quarter of...

Transport

Watchdog Launches Another Probe of Wizz Air

Hungary's Competition Office (GVH) on Tuesday announced the launch of a probe of low-fare carrier Wizz Air on suspicion of...

Manufacturing

Liberty Dunaújváros Gets Chinese Support for Green Upgrade

China's Cisdi Engineering has signed a memorandum of understanding with China Export and Credit Insurance Corporation (Sinosure) on underwriting EUR...

Figures

Investment Fund Net Subscription Reaches HUF 249 bln in June

Net subscription of units of Hungarian investment funds reached HUF 249 bln in June, climbing from HUF 164 bln in...

Automotive

Used Car Imports Climb 14% in July

The number of imported used cars registered in Hungary rose 14.1% year-on-year to 9,685 in July, listings site JoAutok.hu said...

Analysis

IMF Directors Acknowledge Hungary’s C/A Surplus, Lower CPI

The executive directors of the International Monetary Fund (IMF) acknowledged a rapid decline in inflation in Hungary and the move...

Transport

Wizz Air Fined Over HUF 300 mln for Unfair Business Practices

Hungary's Competition Office (GVH) has fined low-fare carrier Wizz Air HUF 307 mln for unfair business practices, the watchdog said...

Business

Erste Group Books H1 Earnings of EUR 168 mln in Hungary

Austria's Erste Group booked first-half net income of EUR 168 mln at its banking business in Hungary, up 56% from...

Tourism

Summer Festivals Boost Regional Tourism

Summer festivals lifted guest nights in Debrecen and destinations around Lake Balaton and Lake Velence in July, the Hungarian Tourism...

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...