Business

Telco

Banking sector profits reach HUF 698 bln in 2019

Combined after-tax profit of Hungaryʼs banking sector rose 8.5% to HUF 698 billion last year, state news wire MTI reports,...

Deals

National Bank repays VirPay clients

The Supervisory Commissioner appointed by the National Bank of Hungary (MNB) paid out approximately 75% of the receivables to the...

HR

Employers must plan COVID-19 response, Baker McKenzie says

In the light of COVID-19ʼs appearance in Hungary, itʼs vital that employers are prepared in order to avoid possible infections...

Ecosystem

MNB gave away HUF 2.59 bln in support last year

According to the latest report published on its website, the National Bank of Hungary (MNB) supported 17 organizations in Q4...

Telco

Gen govʼt deficit reaches 69.37% of full-year target in Feb

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 254.6 billion deficit at the end of February, reaching...

Deals

MNB fines CIB Group units HUF 41 mln over infringements

The National Bank of Hungary (MNB) on Friday said it fined CIB Bank and CIB Lízing a combined HUF 41.2...

Telco

Hungary seeks higher postal services subsidy threshold

Hungary will ask the European Commission to raise the subsidy threshold for state-owned postal company Magyar Posta to allow it...

Telco

Expanding balance sheet boosts OTP earnings

Consolidated fourth-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 32% year-on-year to HUF 103 billion, lifted by...

Competition

Hungarian CEOs expect a slowdown in 2020, PwC says

While Hungarian CEOs are confident about their own companyʼs growth prospects, most of them expect a slowdown in both Hungarian...

HR

Reskilling gaining importance on Hungarian job market

Reskilling and upskilling are becoming increasingly important on the Hungarian job market due to reasons such as labor shortage and...

Competition

MNB certifies first ʼconsumer-friendlyʼ home insurance policies

The National Bank of Hungary (MNB) on Thursday said it issued its first "consumer-friendly" certification for home insurance products to...

Retail

Majority of Bulgarians over 18 are overweight

According to data of the World Health Organization, 61.7% of Bulgarians over 18 are overweight, which places the country close...

Competition

Prague agrees proposals to regulate Airbnb-type services

Prague City Council has agreed on proposals regulating short-term letting, most often mediated by Airbnb, obliging them to provide data...

Sustainability

Home loan outlays rise to HUF 77.7 bln in January

Hungarian banks signed home loan contracts worth HUF 77.69 billion in January, 23% more than in the same month a...

Construction

EBI survey finds mixed results for construction in Q4 2019

The latest EBI Construction Activity Report, shows the lowest construction figures in many areas in the past three years in...

Telco

Banking sector profits reach HUF 698 bln in 2019

Combined after-tax profit of Hungaryʼs banking sector rose 8.5% to HUF 698 billion last year, state news wire MTI reports,...

Deals

National Bank repays VirPay clients

The Supervisory Commissioner appointed by the National Bank of Hungary (MNB) paid out approximately 75% of the receivables to the...

HR

Employers must plan COVID-19 response, Baker McKenzie says

In the light of COVID-19ʼs appearance in Hungary, itʼs vital that employers are prepared in order to avoid possible infections...

Ecosystem

MNB gave away HUF 2.59 bln in support last year

According to the latest report published on its website, the National Bank of Hungary (MNB) supported 17 organizations in Q4...

Telco

Gen govʼt deficit reaches 69.37% of full-year target in Feb

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 254.6 billion deficit at the end of February, reaching...

Deals

MNB fines CIB Group units HUF 41 mln over infringements

The National Bank of Hungary (MNB) on Friday said it fined CIB Bank and CIB Lízing a combined HUF 41.2...

Telco

Hungary seeks higher postal services subsidy threshold

Hungary will ask the European Commission to raise the subsidy threshold for state-owned postal company Magyar Posta to allow it...

Telco

Expanding balance sheet boosts OTP earnings

Consolidated fourth-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 32% year-on-year to HUF 103 billion, lifted by...

Competition

Hungarian CEOs expect a slowdown in 2020, PwC says

While Hungarian CEOs are confident about their own companyʼs growth prospects, most of them expect a slowdown in both Hungarian...

HR

Reskilling gaining importance on Hungarian job market

Reskilling and upskilling are becoming increasingly important on the Hungarian job market due to reasons such as labor shortage and...

Competition

MNB certifies first ʼconsumer-friendlyʼ home insurance policies

The National Bank of Hungary (MNB) on Thursday said it issued its first "consumer-friendly" certification for home insurance products to...

Retail

Majority of Bulgarians over 18 are overweight

According to data of the World Health Organization, 61.7% of Bulgarians over 18 are overweight, which places the country close...

Competition

Prague agrees proposals to regulate Airbnb-type services

Prague City Council has agreed on proposals regulating short-term letting, most often mediated by Airbnb, obliging them to provide data...

Sustainability

Home loan outlays rise to HUF 77.7 bln in January

Hungarian banks signed home loan contracts worth HUF 77.69 billion in January, 23% more than in the same month a...

Construction

EBI survey finds mixed results for construction in Q4 2019

The latest EBI Construction Activity Report, shows the lowest construction figures in many areas in the past three years in...

Banking sector profits reach HUF 698 bln in 2019

Combined after-tax profit of Hungaryʼs banking sector rose 8.5% to HUF 698 billion last year, state news wire MTI reports,...

National Bank repays VirPay clients

The Supervisory Commissioner appointed by the National Bank of Hungary (MNB) paid out approximately 75% of the receivables to the...

Employers must plan COVID-19 response, Baker McKenzie says

In the light of COVID-19ʼs appearance in Hungary, itʼs vital that employers are prepared in order to avoid possible infections...

MNB gave away HUF 2.59 bln in support last year

According to the latest report published on its website, the National Bank of Hungary (MNB) supported 17 organizations in Q4...

Gen govʼt deficit reaches 69.37% of full-year target in Feb

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 254.6 billion deficit at the end of February, reaching...

MNB fines CIB Group units HUF 41 mln over infringements

The National Bank of Hungary (MNB) on Friday said it fined CIB Bank and CIB Lízing a combined HUF 41.2...

Hungary seeks higher postal services subsidy threshold

Hungary will ask the European Commission to raise the subsidy threshold for state-owned postal company Magyar Posta to allow it...

Expanding balance sheet boosts OTP earnings

Consolidated fourth-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 32% year-on-year to HUF 103 billion, lifted by...

Hungarian CEOs expect a slowdown in 2020, PwC says

While Hungarian CEOs are confident about their own companyʼs growth prospects, most of them expect a slowdown in both Hungarian...

Reskilling gaining importance on Hungarian job market

Reskilling and upskilling are becoming increasingly important on the Hungarian job market due to reasons such as labor shortage and...

MNB certifies first ʼconsumer-friendlyʼ home insurance policies

The National Bank of Hungary (MNB) on Thursday said it issued its first "consumer-friendly" certification for home insurance products to...

Majority of Bulgarians over 18 are overweight

According to data of the World Health Organization, 61.7% of Bulgarians over 18 are overweight, which places the country close...

Prague agrees proposals to regulate Airbnb-type services

Prague City Council has agreed on proposals regulating short-term letting, most often mediated by Airbnb, obliging them to provide data...

Home loan outlays rise to HUF 77.7 bln in January

Hungarian banks signed home loan contracts worth HUF 77.69 billion in January, 23% more than in the same month a...

EBI survey finds mixed results for construction in Q4 2019

The latest EBI Construction Activity Report, shows the lowest construction figures in many areas in the past three years in...