Business

Construction

Construction output up over 35% in H1 2019

Output of Hungaryʼs construction sector climbed 20.3% year-on-year in June, show data released Monday by the Central Statistical Office (KSH)....

Telco

Banking sector liquidity up in July

Forint liquidity of Hungaryʼs banking sector rose in July from a month earlier, which was particularly reflected in an increase...

Telco

Lidl raises watermelon price after criticism

Retail supermarket chain Lidl raised the price of watermelon to HUF 119/kg last weekend, caving in to pressure from the...

Retail

Kemenes confectionery opens on site of old Klapka jewellerʼs

The Kemenes confectionery and bistro has opened near the Great Market Hall in Budapest, at Vámház körút 9, where famous...

Sustainability

Hungarians need seven yearsʼ salary for new home – Deloitte

Although home prices in Hungary have risen at the fastest clip in Europe, it still takes Hungarians only a little...

Telco

Acquisitions boost OTP Bank earnings in second quarter

Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 18% year-on-year to HUF 105.4 billion, boosted by the...

Transport

American Airlines to fly Budapest-Chicago next year

American Airlines announced Thursday that it will launch direct seasonal flights between Chicago and Budapest from May 2020. The airline...

Telco

General govʼt deficit reaches 35.3% of full-year target

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 352.7 billion deficit at the end of July, thus...

Pharma

Richterʼs cariprazine cleared in Singapore, Thailand

Hungarian pharmaceutical company Gedeon Richter announced on Thursday that subsidiaries of its business partner Mitsubishi Tanabe Pharma Corporation have obtained...

Telco

MTel cuts costs, but financial loss, taxes hit earnings

Second-quarter net income of blue chip Magyar Telekom (MTel) dropped 2.6% year-on-year to HUF 13.4 billion as financial losses and...

Automotive

Magyar Suzuki hits three-decade peak in Esztergom

Magyar Suzuki has closed the strongest month in its 27-year history in Hungary, according to a press release sent to...

Interview

MNB policymakers continue to adopt cautious approach

The Monetary Council of the National Bank of Hungary (MNB) agreed that recent macroeconomic data are consistent with the central...

Automotive

Industrial output slips in June

The volume of industrial output declined by an unadjusted 1.4% year-on-year in June 2019, according to a first estimate of...

Telco

Tax changes weigh on Zwack profit

After-tax profit of Zwack Unicum, Hungaryʼs biggest spirits company, plunged 53% to HUF 231 million in the first quarter of...

Deals

MTB to make offer for 51% stake in Takarék Commercial Bank

Magyar Takarékszövetkezeti Bank (MTB) will make an offer of just under HUF 32 billion to acquire a 51% stake in...

Construction

Construction output up over 35% in H1 2019

Output of Hungaryʼs construction sector climbed 20.3% year-on-year in June, show data released Monday by the Central Statistical Office (KSH)....

Telco

Banking sector liquidity up in July

Forint liquidity of Hungaryʼs banking sector rose in July from a month earlier, which was particularly reflected in an increase...

Telco

Lidl raises watermelon price after criticism

Retail supermarket chain Lidl raised the price of watermelon to HUF 119/kg last weekend, caving in to pressure from the...

Retail

Kemenes confectionery opens on site of old Klapka jewellerʼs

The Kemenes confectionery and bistro has opened near the Great Market Hall in Budapest, at Vámház körút 9, where famous...

Sustainability

Hungarians need seven yearsʼ salary for new home – Deloitte

Although home prices in Hungary have risen at the fastest clip in Europe, it still takes Hungarians only a little...

Telco

Acquisitions boost OTP Bank earnings in second quarter

Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 18% year-on-year to HUF 105.4 billion, boosted by the...

Transport

American Airlines to fly Budapest-Chicago next year

American Airlines announced Thursday that it will launch direct seasonal flights between Chicago and Budapest from May 2020. The airline...

Telco

General govʼt deficit reaches 35.3% of full-year target

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 352.7 billion deficit at the end of July, thus...

Pharma

Richterʼs cariprazine cleared in Singapore, Thailand

Hungarian pharmaceutical company Gedeon Richter announced on Thursday that subsidiaries of its business partner Mitsubishi Tanabe Pharma Corporation have obtained...

Telco

MTel cuts costs, but financial loss, taxes hit earnings

Second-quarter net income of blue chip Magyar Telekom (MTel) dropped 2.6% year-on-year to HUF 13.4 billion as financial losses and...

Automotive

Magyar Suzuki hits three-decade peak in Esztergom

Magyar Suzuki has closed the strongest month in its 27-year history in Hungary, according to a press release sent to...

Interview

MNB policymakers continue to adopt cautious approach

The Monetary Council of the National Bank of Hungary (MNB) agreed that recent macroeconomic data are consistent with the central...

Automotive

Industrial output slips in June

The volume of industrial output declined by an unadjusted 1.4% year-on-year in June 2019, according to a first estimate of...

Telco

Tax changes weigh on Zwack profit

After-tax profit of Zwack Unicum, Hungaryʼs biggest spirits company, plunged 53% to HUF 231 million in the first quarter of...

Deals

MTB to make offer for 51% stake in Takarék Commercial Bank

Magyar Takarékszövetkezeti Bank (MTB) will make an offer of just under HUF 32 billion to acquire a 51% stake in...

Construction output up over 35% in H1 2019

Output of Hungaryʼs construction sector climbed 20.3% year-on-year in June, show data released Monday by the Central Statistical Office (KSH)....

Banking sector liquidity up in July

Forint liquidity of Hungaryʼs banking sector rose in July from a month earlier, which was particularly reflected in an increase...

Lidl raises watermelon price after criticism

Retail supermarket chain Lidl raised the price of watermelon to HUF 119/kg last weekend, caving in to pressure from the...

Kemenes confectionery opens on site of old Klapka jewellerʼs

The Kemenes confectionery and bistro has opened near the Great Market Hall in Budapest, at Vámház körút 9, where famous...

Hungarians need seven yearsʼ salary for new home – Deloitte

Although home prices in Hungary have risen at the fastest clip in Europe, it still takes Hungarians only a little...

Acquisitions boost OTP Bank earnings in second quarter

Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 18% year-on-year to HUF 105.4 billion, boosted by the...

American Airlines to fly Budapest-Chicago next year

American Airlines announced Thursday that it will launch direct seasonal flights between Chicago and Budapest from May 2020. The airline...

General govʼt deficit reaches 35.3% of full-year target

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 352.7 billion deficit at the end of July, thus...

Richterʼs cariprazine cleared in Singapore, Thailand

Hungarian pharmaceutical company Gedeon Richter announced on Thursday that subsidiaries of its business partner Mitsubishi Tanabe Pharma Corporation have obtained...

MTel cuts costs, but financial loss, taxes hit earnings

Second-quarter net income of blue chip Magyar Telekom (MTel) dropped 2.6% year-on-year to HUF 13.4 billion as financial losses and...

Magyar Suzuki hits three-decade peak in Esztergom

Magyar Suzuki has closed the strongest month in its 27-year history in Hungary, according to a press release sent to...

MNB policymakers continue to adopt cautious approach

The Monetary Council of the National Bank of Hungary (MNB) agreed that recent macroeconomic data are consistent with the central...

Industrial output slips in June

The volume of industrial output declined by an unadjusted 1.4% year-on-year in June 2019, according to a first estimate of...

Tax changes weigh on Zwack profit

After-tax profit of Zwack Unicum, Hungaryʼs biggest spirits company, plunged 53% to HUF 231 million in the first quarter of...

MTB to make offer for 51% stake in Takarék Commercial Bank

Magyar Takarékszövetkezeti Bank (MTB) will make an offer of just under HUF 32 billion to acquire a 51% stake in...