MTI – Econews

Tourism

Tourism Industry Insiders Weigh in on Prospects

Top tourism industry professionals discussed the outlook for the sector at a festival organized by Mathias Corvinus Collegium, Hungary's largest...

Manufacturing

Hungary PMI Points to Contraction in July

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 49.2 points in July, edging up from 49.1 points in June, the...

Banking

Households Borrow Net HUF 97 bln in June

Households took out net HUF 97 billion of loans in June, news agency MTI reports, citing monthly data released by...

Banking

Companies Borrow Net HUF 167 bln From Local Lenders in June

Non-financial companies borrowed net HUF 167 bln from local banks in June, monthly data released by the National Bank of...

Analysis

Varga Puts 2024 GDP Growth at 1.8-2.2%

Finance Minister Mihály Varga said Hungary's economy could grow between 1.8% and 2.2% this year in an interview with commercial...

Automotive

Over 3,400 Companies Apply for EV Subsidies

More than 3,400 businesses have submitted applications for subsidies in a scheme to support purchases of EVs, the Energy Affairs...

Banking

OTP Completes Sale of Romanian Units

OTP Bank on Tuesday announced the completion of the sale of two of its Romanian units to Banca Transilvania....

Construction

Masterplast Losses Narrow in Q2

Listed building materials maker Masterplast booked a net loss of EUR 1,790,000 for the second quarter, improving from a EUR...

Manufacturing

Rheinmetall Hungary Munitions Plant Inaugurated

Rheinmetall Hungary Munitions, a joint venture of German defense industry company Rheinmetall and Hungary's N7 Holding National Defence Industry Innovation...

Government

Chinese Loan to be Used for Infrastructure Developments – Gulyás

A EUR 1 bln loan from a consortium of Chinese banks the state has drawn down will be used for...

Transport

Airport Developments Could Double Passenger Numbers – State Sec

Passenger numbers at Ferenc Liszt International could double from around 15 mln a year with developments, Prime Minister's Cabinet Office...

EU

Bóka Points to ‘Serious Political Debate’ Over Chinese EV Tariffs

European Union Affairs Minister János Bóka said there was a "serious political debate" among EU member states over punitive tariffs...

Residential

Home Prices Climb Close to 8% in Q1 – MNB

Home prices in Hungary rose 7.5% year-on-year in the first quarter, data released by the National Bank of Hungary (MNB)...

Crops

Hungary Wheat Harvest Close to 5 mln Tonnes

Hungary's wheat crop is close to 5m tonnes this year, Agriculture Ministry state secretary Zsolt Feldman said on Thursday, as...

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...