Business

Logistics

Business confidence down, consumer confidence up in February

Economic research institute GKIʼs Economic Sentiment Index, its combined gauge of consumer and business confidence, fell by 0.4 of a...

Transport

Ticket sales for direct Shanghai-Budapest flights start in June

Sales of tickets for direct flights between Budapest and Shanghai are set to start on June 7, marking a milestone...

Telco

MOL Q4 profit rise modest, but beats expectations

Fourth-quarter net income of Hungarian oil and gas company MOL edged up 2% year-on-year to HUF 78 billion, an earnings...

Deals

New WestEnd Property Management general manager named

Gránit Pólus Group has announced the appointment of Simona Ioana Ion as general manager of WestEnd Property Management Ltd., according...

Pharma

Lufthansa Technik to set up repair plant in Miskolc

Germanyʼs Lufthansa Technik, a provider of maintenance, repair, and overhaul (MRO) services for aircraft, will set up a HUF 43...

Telco

General govʼt January surplus confirmed

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 244.5 billion surplus at the end of January, the...

Telco

Double-digit earnings growth sustained through 2018

In December 2018, average gross earnings amounted to HUF 360,000, some 10.2% higher than in December 2017. In the whole...

Telco

Construction industry pushes for earlier funding payouts

Construction industry association EVOSZ is urging the government to make funding for investments at SMEs available sooner, association chairman László...

Deals

Hungary posts 3rd highest growth in Chinese tourist arrivals

The EU remains an attractive destination for Chinese tourists, and while the U.K. is still the most popular looking at...

Incubators

Application for Design Terminal mentoring program closes

The application period for Design Terminalʼs spring 2019 startup mentoring program ended on February 18, attracting applicants from countries as...

Telco

Higher revenue, HQ sale lift Magyar Telekom profit

Fourth-quarter after-tax profit of Magyar Telekom (MTel) rose 49% year-on-year to HUF 7.7 billion, supported by higher sales and one-off...

Retail

Ráth Villa, Budapest’s Shrine to Hungarian Art Nouveau

David Holzer embarks on a pilgrimage to discover the differences between Szecesszió and Art Nouveau....

Ecosystem

Nobel laureates to attend personalized medicine conference in Croatia

The International Society for Applied Biological Sciences (ISABS), the Mayo Clinic and St. Catherine Hospital have announced the 11th ISABS...

Telco

CIG Pannónia profit falls to HUF 2.1 bln in 2018

After-tax profit of CIG Pannónia Life Insurance fell 19% to HUF 2.1 billion in 2018, an earnings report released early...

Telco

Four-quarter household savings ratio drops to 5.9% of GDP

Hungaryʼs rolling four-quarter net household financial savings ratio slipped to 5.9% of GDP in 2018, show preliminary data published by...

Logistics

Business confidence down, consumer confidence up in February

Economic research institute GKIʼs Economic Sentiment Index, its combined gauge of consumer and business confidence, fell by 0.4 of a...

Transport

Ticket sales for direct Shanghai-Budapest flights start in June

Sales of tickets for direct flights between Budapest and Shanghai are set to start on June 7, marking a milestone...

Telco

MOL Q4 profit rise modest, but beats expectations

Fourth-quarter net income of Hungarian oil and gas company MOL edged up 2% year-on-year to HUF 78 billion, an earnings...

Deals

New WestEnd Property Management general manager named

Gránit Pólus Group has announced the appointment of Simona Ioana Ion as general manager of WestEnd Property Management Ltd., according...

Pharma

Lufthansa Technik to set up repair plant in Miskolc

Germanyʼs Lufthansa Technik, a provider of maintenance, repair, and overhaul (MRO) services for aircraft, will set up a HUF 43...

Telco

General govʼt January surplus confirmed

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 244.5 billion surplus at the end of January, the...

Telco

Double-digit earnings growth sustained through 2018

In December 2018, average gross earnings amounted to HUF 360,000, some 10.2% higher than in December 2017. In the whole...

Telco

Construction industry pushes for earlier funding payouts

Construction industry association EVOSZ is urging the government to make funding for investments at SMEs available sooner, association chairman László...

Deals

Hungary posts 3rd highest growth in Chinese tourist arrivals

The EU remains an attractive destination for Chinese tourists, and while the U.K. is still the most popular looking at...

Incubators

Application for Design Terminal mentoring program closes

The application period for Design Terminalʼs spring 2019 startup mentoring program ended on February 18, attracting applicants from countries as...

Telco

Higher revenue, HQ sale lift Magyar Telekom profit

Fourth-quarter after-tax profit of Magyar Telekom (MTel) rose 49% year-on-year to HUF 7.7 billion, supported by higher sales and one-off...

Retail

Ráth Villa, Budapest’s Shrine to Hungarian Art Nouveau

David Holzer embarks on a pilgrimage to discover the differences between Szecesszió and Art Nouveau....

Ecosystem

Nobel laureates to attend personalized medicine conference in Croatia

The International Society for Applied Biological Sciences (ISABS), the Mayo Clinic and St. Catherine Hospital have announced the 11th ISABS...

Telco

CIG Pannónia profit falls to HUF 2.1 bln in 2018

After-tax profit of CIG Pannónia Life Insurance fell 19% to HUF 2.1 billion in 2018, an earnings report released early...

Telco

Four-quarter household savings ratio drops to 5.9% of GDP

Hungaryʼs rolling four-quarter net household financial savings ratio slipped to 5.9% of GDP in 2018, show preliminary data published by...

Business confidence down, consumer confidence up in February

Economic research institute GKIʼs Economic Sentiment Index, its combined gauge of consumer and business confidence, fell by 0.4 of a...

Ticket sales for direct Shanghai-Budapest flights start in June

Sales of tickets for direct flights between Budapest and Shanghai are set to start on June 7, marking a milestone...

MOL Q4 profit rise modest, but beats expectations

Fourth-quarter net income of Hungarian oil and gas company MOL edged up 2% year-on-year to HUF 78 billion, an earnings...

New WestEnd Property Management general manager named

Gránit Pólus Group has announced the appointment of Simona Ioana Ion as general manager of WestEnd Property Management Ltd., according...

Lufthansa Technik to set up repair plant in Miskolc

Germanyʼs Lufthansa Technik, a provider of maintenance, repair, and overhaul (MRO) services for aircraft, will set up a HUF 43...

General govʼt January surplus confirmed

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 244.5 billion surplus at the end of January, the...

Double-digit earnings growth sustained through 2018

In December 2018, average gross earnings amounted to HUF 360,000, some 10.2% higher than in December 2017. In the whole...

Construction industry pushes for earlier funding payouts

Construction industry association EVOSZ is urging the government to make funding for investments at SMEs available sooner, association chairman László...

Hungary posts 3rd highest growth in Chinese tourist arrivals

The EU remains an attractive destination for Chinese tourists, and while the U.K. is still the most popular looking at...

Application for Design Terminal mentoring program closes

The application period for Design Terminalʼs spring 2019 startup mentoring program ended on February 18, attracting applicants from countries as...

Higher revenue, HQ sale lift Magyar Telekom profit

Fourth-quarter after-tax profit of Magyar Telekom (MTel) rose 49% year-on-year to HUF 7.7 billion, supported by higher sales and one-off...

Ráth Villa, Budapest’s Shrine to Hungarian Art Nouveau

David Holzer embarks on a pilgrimage to discover the differences between Szecesszió and Art Nouveau....

Nobel laureates to attend personalized medicine conference in Croatia

The International Society for Applied Biological Sciences (ISABS), the Mayo Clinic and St. Catherine Hospital have announced the 11th ISABS...

CIG Pannónia profit falls to HUF 2.1 bln in 2018

After-tax profit of CIG Pannónia Life Insurance fell 19% to HUF 2.1 billion in 2018, an earnings report released early...

Four-quarter household savings ratio drops to 5.9% of GDP

Hungaryʼs rolling four-quarter net household financial savings ratio slipped to 5.9% of GDP in 2018, show preliminary data published by...