MTI – Econews

Figures

Hungarian Unis Accept Over 90,000 New Students

Hungarian universities have accepted 90,334 new applications for enrollment in the autumn semester, state secretary for higher education Balázs Hankó...

Manufacturing

1st Hungarian-made Lynx Delivered to Army

The first Hungarian-made Lynx infantry fighting vehicle was handed over to the Hungarian Defense Forces on Wednesday, according to a...

Fintech

Hungary Boasts Over 200 FinTech Companies

The number of FinTech companies in Hungary reached 212 in 2022, a report on the sector released by the National...

EU

EC Acknowledges Reforms, Notes Concerns in Rule of Law Report

The European Commission acknowledged the implementation of Hungary's 2023 judicial reform and the adoption of a new anti-corruption strategy but...

Banking

Gránit Bank to Offer Cross-border Services in Romania

Hungary's Gránit Bank will offer cross-border digital banking services in Romania from Q3 2024, the lender said on Wednesday, according...

MNB

Policymakers Cut Central Bank Base Rate by 25 bp to 6.75%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25...

Transport

Hungary, Austria to Connect Expressways

Hungary and Austria have signed an agreement on connecting the M80 and S7 expressways, the Construction and Transportation Ministry said...

Automotive

Bumchun Plows EUR 21 bln Into Expansion in Hungary

BC GEN Hungary, the local unit of South Korea's Bumchun, will invest around HUF 21 bln to triple battery terminal...

EU

Informal EU Foreign Ministers Meeting Moved from Budapest to Brussels

Brussels, not Budapest, will host an informal meeting of European Union foreign affairs and defense ministers slated for the end...

Science

Ganzair, Szeged U Partner on Green Hydrogen Electrolyzer

Compressor company Ganzair and the University of Szeged are developing a green hydrogen electrolyzer, the company told state news wire...

EU

Hungary, Slovakia Initiate Consultation Procedure Against Ukraine

Hungary and Slovakia have initiated a consultation procedure at the European Union against Ukraine for cutting off some transit deliveries...

Ratings

Moody’s Assigns A1 Ratings to MBH Mortgage Bank Covered Bonds

Moody's Ratings on Monday assigned A1 long-term ratings to covered bonds issued by MBH Mortgage Bank, according to a report...

HR

Avg Blue-collar Hourly Wage Climbs 13.5% in Q2

The average gross hourly pay rate for blue-collar workers in Hungary climbed 13.5% to HUF 2,104 in the second quarter...

Construction

Hungaroring Upgrade Set to Finish by Spring of 2026

A HUF 105 billion upgrade of the Hungaroring race track on the outskirts of Budapest is planned to be completed...

Government

Tax Exemption for Tips Faces Technical, Legal Obstacles

Making tips tax-exempt would require overcoming technical and legal hurdles, the National Economy Ministry said on Friday, after Prime Minister...

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...