Business

Telco

Gross profit climbs, but other costs put Richter in red in Q4

Pharmaceutical company Gedeon Richter had a fourth-quarter net loss of HUF 12.5 billion, just a fraction over the HUF 12.3...

Retail

MNB warns against Facebook cryptocurrency scammers

The National Bank of Hungary (MNB) has issued a warning against scammers offering “pre-sales” of Facebook’s planned cryptocurrency Libra, says...

Pharma

Cigarette sales climb in 2019

Hungaryʼs National Tax and Customs Authority (NAV) recorded sales of 8.3 billion cigarettes last year, 11% more than in 2018,...

Deals

New CFO at DVM group

DVM group announced the appointment of István Szarka as chief financial officer, responsible for handling and controlling finances, as well...

Ecosystem

Food industry given HUF 360 bln in EU subsidies

The Hungarian food industry received more than HUF 360 billion in EU subsidies between 2014 and 2020, and the next...

Automotive

Paks output climbs to 16,286 GWh in 2019

The output of the Paks nuclear plant, Hungaryʼs sole commercial generator of nuclear power, came to 16,286 GWh last year,...

Deals

New senior project manager at ConvergenCE

ConvergenCE announced the appointment of Tamás Végh as senior project manager. In his new position, he will be responsible for...

Competition

High number of offshore companies in real estate sector

The number of offshore companies in Hungary has halved in seven years, but this does not mean that concealment and...

Telco

GKI expects GDP growth of 3.5% in 2020

The Hungarian economy expanded last year by about 5%, one of the fastest in the EU. Overall, the October-November figures...

Automotive

Latvia industrial output falls the most in 6 years

Latvia industrial production slumped 3.2% year-on-year in December, down from a 0.1% decrease in the previous month, figures from the...

Interview

Czech income poverty rates second lowest best in EU

Just 3.4% of people working in the Czech Republic rank below the poverty threshold, the latest Eurostat data for 2018...

Retail

The chocoMe story: from a home-grown enterprise to a globally renowned chocolate empire

You have probably heard the brand name "chocoMe". Over the last few years the press has been loud with the...

Telco

MNB swap stock to fall HUF 130 bln after tender

The National Bank of Hungaryʼs stock of FX swaps, which the central bank uses to pump liquidity into the banking...

Deals

1st double-decker trains to arrive in March

On March 15, passengers will be able to travel on the Cegléd-Szolnok line on double-decker carriages for the first time,...

Automotive

Serbia retail sales rise at faster pace in December

Serbia’s retail trade rose 13.1% year-on-year in December, following 11.2% growth in the previous month, boosted by sales of food,...

Telco

Gross profit climbs, but other costs put Richter in red in Q4

Pharmaceutical company Gedeon Richter had a fourth-quarter net loss of HUF 12.5 billion, just a fraction over the HUF 12.3...

Retail

MNB warns against Facebook cryptocurrency scammers

The National Bank of Hungary (MNB) has issued a warning against scammers offering “pre-sales” of Facebook’s planned cryptocurrency Libra, says...

Pharma

Cigarette sales climb in 2019

Hungaryʼs National Tax and Customs Authority (NAV) recorded sales of 8.3 billion cigarettes last year, 11% more than in 2018,...

Deals

New CFO at DVM group

DVM group announced the appointment of István Szarka as chief financial officer, responsible for handling and controlling finances, as well...

Ecosystem

Food industry given HUF 360 bln in EU subsidies

The Hungarian food industry received more than HUF 360 billion in EU subsidies between 2014 and 2020, and the next...

Automotive

Paks output climbs to 16,286 GWh in 2019

The output of the Paks nuclear plant, Hungaryʼs sole commercial generator of nuclear power, came to 16,286 GWh last year,...

Deals

New senior project manager at ConvergenCE

ConvergenCE announced the appointment of Tamás Végh as senior project manager. In his new position, he will be responsible for...

Competition

High number of offshore companies in real estate sector

The number of offshore companies in Hungary has halved in seven years, but this does not mean that concealment and...

Telco

GKI expects GDP growth of 3.5% in 2020

The Hungarian economy expanded last year by about 5%, one of the fastest in the EU. Overall, the October-November figures...

Automotive

Latvia industrial output falls the most in 6 years

Latvia industrial production slumped 3.2% year-on-year in December, down from a 0.1% decrease in the previous month, figures from the...

Interview

Czech income poverty rates second lowest best in EU

Just 3.4% of people working in the Czech Republic rank below the poverty threshold, the latest Eurostat data for 2018...

Retail

The chocoMe story: from a home-grown enterprise to a globally renowned chocolate empire

You have probably heard the brand name "chocoMe". Over the last few years the press has been loud with the...

Telco

MNB swap stock to fall HUF 130 bln after tender

The National Bank of Hungaryʼs stock of FX swaps, which the central bank uses to pump liquidity into the banking...

Deals

1st double-decker trains to arrive in March

On March 15, passengers will be able to travel on the Cegléd-Szolnok line on double-decker carriages for the first time,...

Automotive

Serbia retail sales rise at faster pace in December

Serbia’s retail trade rose 13.1% year-on-year in December, following 11.2% growth in the previous month, boosted by sales of food,...

Gross profit climbs, but other costs put Richter in red in Q4

Pharmaceutical company Gedeon Richter had a fourth-quarter net loss of HUF 12.5 billion, just a fraction over the HUF 12.3...

MNB warns against Facebook cryptocurrency scammers

The National Bank of Hungary (MNB) has issued a warning against scammers offering “pre-sales” of Facebook’s planned cryptocurrency Libra, says...

Cigarette sales climb in 2019

Hungaryʼs National Tax and Customs Authority (NAV) recorded sales of 8.3 billion cigarettes last year, 11% more than in 2018,...

New CFO at DVM group

DVM group announced the appointment of István Szarka as chief financial officer, responsible for handling and controlling finances, as well...

Food industry given HUF 360 bln in EU subsidies

The Hungarian food industry received more than HUF 360 billion in EU subsidies between 2014 and 2020, and the next...

Paks output climbs to 16,286 GWh in 2019

The output of the Paks nuclear plant, Hungaryʼs sole commercial generator of nuclear power, came to 16,286 GWh last year,...

New senior project manager at ConvergenCE

ConvergenCE announced the appointment of Tamás Végh as senior project manager. In his new position, he will be responsible for...

High number of offshore companies in real estate sector

The number of offshore companies in Hungary has halved in seven years, but this does not mean that concealment and...

GKI expects GDP growth of 3.5% in 2020

The Hungarian economy expanded last year by about 5%, one of the fastest in the EU. Overall, the October-November figures...

Latvia industrial output falls the most in 6 years

Latvia industrial production slumped 3.2% year-on-year in December, down from a 0.1% decrease in the previous month, figures from the...

Czech income poverty rates second lowest best in EU

Just 3.4% of people working in the Czech Republic rank below the poverty threshold, the latest Eurostat data for 2018...

The chocoMe story: from a home-grown enterprise to a globally renowned chocolate empire

You have probably heard the brand name "chocoMe". Over the last few years the press has been loud with the...

MNB swap stock to fall HUF 130 bln after tender

The National Bank of Hungaryʼs stock of FX swaps, which the central bank uses to pump liquidity into the banking...

1st double-decker trains to arrive in March

On March 15, passengers will be able to travel on the Cegléd-Szolnok line on double-decker carriages for the first time,...

Serbia retail sales rise at faster pace in December

Serbia’s retail trade rose 13.1% year-on-year in December, following 11.2% growth in the previous month, boosted by sales of food,...