MTI – Econews

Energy Trade

Hungary Crude Supply Secured With ‘Temporary Solutions’

Hungary's deliveries of crude have been secured with "temporary solutions" after Ukraine modified regulations to prohibit transit deliveries from Russia's...

Int'l Relations

Hungary to Host Next EPC Summit

Hungary will host the next summit of the European Political Community (EPC), British Prime Minister Keir Starmer said on Thursday,...

Government

Hungary Solar Capacity Climbs Over 6,700 MW

Hungary's solar energy capacity has reached 6,712 MW, the Energy Affairs Ministry said on Friday, citing fresh data from TSO...

Tourism

Visitor Numbers, Guest Nights Climb in H1

Around 7.5 million travelers spent 17.8 mln guest nights at tourism accommodations in Hungary in the first half, climbing 7.6pc...

Retail

Competition Office Launches Probe of Aldi

Hungary's Competition Office (GVH) on Thursday announced the launch of a probe against the local unit of German supermarket chain...

Banking

MNB Issues Instructions to Prevent Online Personal Loan Fraud

The National Bank of Hungary (MNB) has issued an executive circular instructing banks on measures to prevent fraudsters from taking...

City

Budapest 14th in Sports Cities Ranking

Budapest is in 14th place in communications company Burson's annual Sports Cities Ranking, insidethegames.biz reported....

Science

Hungary R&D Spending Reaches HUF 1.032 tln in 2023

Spending on research and development in Hungary reached HUF 1.032 tln in 2023, data compiled by the Central Statistical Office...

HR

Counties Top up Summer Jobs Scheme Funding

Counties have earmarked close to half a billion forints for a program that places students in temporary jobs this summer,...

Energy Trade

Gas Consumption Falls to 4.37 bln Cubic Meters in H1

Gas consumption in Hungary reached 4.37 bln cubic meters in the first half, down 6.5% from the same period a...

Debt

Hungary C/A Surplus at EUR 838 mln in May

Hungary's current account had an EUR 838 million surplus in May, narrowing from EUR 1.16 bln in the previous month,...

EU

Hungary Chairs 1st Ecofin Meeting of EU Presidency

Hungary chaired the first Economic and Financial Affairs Council meeting during its half-year presidency of the Council of the EU...

Tourism

Hungary Could Boost Guest Nights to 50 mln by 2030

Hungary could raise the number of guest nights at tourism accommodations to an annual 50 million by 2030 from 41.8...

Hotels

Tribe Budapest Airport Hotel Structurally Complete

Budapest Ferenc Liszt International Airport will have one more hotel with direct access to the terminal next year, as the...

Residential

Home Rental Rates in Hungary Rise 10.3% in June

Home rental rates in Hungary rose 10.3% year-on-year in June, data compiled by the Central Statistical Office (KSH) from listings...

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...