Business

Industrial

Holiday home prices rising fast

Lake Balaton continues to lead in terms of the most expensive waterfront holiday homes in Hungary, with an average price...

Transport

Debrecen scales up help for tourists

Passenger numbers at Debrecen Airport (eastern Hungary) reached a monthly record of more than 45,000 in July, up 22% from...

Construction

Construction sector output climbs 28% in June

The volume of construction output was 28.2% higher in June 2018 than a year earlier based on raw data. Output...

Telco

OTP Q2 earnings better than expected

Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 11% year-on-year to HUF 89.5 billion as business volume...

Telco

Profit, mobile turnover up at Magyar Telekom

Magyar Telekomʼs second-quarter consolidated group net income amounted to HUF 14.5 billion, according to international accounting standards, up 40.6% from...

Sustainability

Home market ʼeuphoric,ʼ says GKI

The GKI real estate index and the Budapest index rose in July both in year-on-year terms and compared to the...

Ecosystem

Regional startup support scheme takes flight

Design Terminal, the non-profit, government-backed mentoring agency, announced today the launch of V4 Startup Force, the first startup scholarship for...

Office Market

Skanska sells Mill Park to Erste Real Estate Fund

Skanska has sold Mill Park, a two-building office project in Budapest, to the real estate fund of Erste Alapkezelő Zrt.,...

Construction

Hungaryʼs industrial output growth accelerates

Hungaryʼs industrial output rose 4.2% year-on-year in June, the Central Statistical Office (KSH) said in a first reading of data...

Deals

Government deficit reaches 109.6% of full-year target

The government deficit, which had already surpassed the full-year target in June, has increased by a further 5%. The cash...

Deals

Hungarian coupon fans spend more, more wisely

The once hugely popular coupon business still exists, but has changed dramatically. Customers today are looking for quality rather than...

Incubators

Design Terminal to bring British royal startup contest to Hungary

Prince Andrew, the Duke of York and second son of Queen Elizabeth II, has commissioned Design Terminal with organizing the...

Deals

Hungaryʼs OTP to acquire units of Société Générale

OTP Bank yesterday said it had agreed to buy a 99.74% stake in the Bulgarian unit and an 88.89% shareholding...

Telco

Financial loss weighs on MOL profits

Hungarian oil and gas company MOLʼs second-quarter revenue climbed year-on-year but net income fell 18% to HUF 72.9 billion because...

Telco

Drug maker Richterʼs earnings lifted in Q2

Second-quarter net income of Hungarian drugmaker Gedeon Richter nearly tripled to HUF 24.3 billion from HUF 8.4 bln in the...

Industrial

Holiday home prices rising fast

Lake Balaton continues to lead in terms of the most expensive waterfront holiday homes in Hungary, with an average price...

Transport

Debrecen scales up help for tourists

Passenger numbers at Debrecen Airport (eastern Hungary) reached a monthly record of more than 45,000 in July, up 22% from...

Construction

Construction sector output climbs 28% in June

The volume of construction output was 28.2% higher in June 2018 than a year earlier based on raw data. Output...

Telco

OTP Q2 earnings better than expected

Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 11% year-on-year to HUF 89.5 billion as business volume...

Telco

Profit, mobile turnover up at Magyar Telekom

Magyar Telekomʼs second-quarter consolidated group net income amounted to HUF 14.5 billion, according to international accounting standards, up 40.6% from...

Sustainability

Home market ʼeuphoric,ʼ says GKI

The GKI real estate index and the Budapest index rose in July both in year-on-year terms and compared to the...

Ecosystem

Regional startup support scheme takes flight

Design Terminal, the non-profit, government-backed mentoring agency, announced today the launch of V4 Startup Force, the first startup scholarship for...

Office Market

Skanska sells Mill Park to Erste Real Estate Fund

Skanska has sold Mill Park, a two-building office project in Budapest, to the real estate fund of Erste Alapkezelő Zrt.,...

Construction

Hungaryʼs industrial output growth accelerates

Hungaryʼs industrial output rose 4.2% year-on-year in June, the Central Statistical Office (KSH) said in a first reading of data...

Deals

Government deficit reaches 109.6% of full-year target

The government deficit, which had already surpassed the full-year target in June, has increased by a further 5%. The cash...

Deals

Hungarian coupon fans spend more, more wisely

The once hugely popular coupon business still exists, but has changed dramatically. Customers today are looking for quality rather than...

Incubators

Design Terminal to bring British royal startup contest to Hungary

Prince Andrew, the Duke of York and second son of Queen Elizabeth II, has commissioned Design Terminal with organizing the...

Deals

Hungaryʼs OTP to acquire units of Société Générale

OTP Bank yesterday said it had agreed to buy a 99.74% stake in the Bulgarian unit and an 88.89% shareholding...

Telco

Financial loss weighs on MOL profits

Hungarian oil and gas company MOLʼs second-quarter revenue climbed year-on-year but net income fell 18% to HUF 72.9 billion because...

Telco

Drug maker Richterʼs earnings lifted in Q2

Second-quarter net income of Hungarian drugmaker Gedeon Richter nearly tripled to HUF 24.3 billion from HUF 8.4 bln in the...

Holiday home prices rising fast

Lake Balaton continues to lead in terms of the most expensive waterfront holiday homes in Hungary, with an average price...

Debrecen scales up help for tourists

Passenger numbers at Debrecen Airport (eastern Hungary) reached a monthly record of more than 45,000 in July, up 22% from...

Construction sector output climbs 28% in June

The volume of construction output was 28.2% higher in June 2018 than a year earlier based on raw data. Output...

OTP Q2 earnings better than expected

Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 11% year-on-year to HUF 89.5 billion as business volume...

Profit, mobile turnover up at Magyar Telekom

Magyar Telekomʼs second-quarter consolidated group net income amounted to HUF 14.5 billion, according to international accounting standards, up 40.6% from...

Home market ʼeuphoric,ʼ says GKI

The GKI real estate index and the Budapest index rose in July both in year-on-year terms and compared to the...

Regional startup support scheme takes flight

Design Terminal, the non-profit, government-backed mentoring agency, announced today the launch of V4 Startup Force, the first startup scholarship for...

Skanska sells Mill Park to Erste Real Estate Fund

Skanska has sold Mill Park, a two-building office project in Budapest, to the real estate fund of Erste Alapkezelő Zrt.,...

Hungaryʼs industrial output growth accelerates

Hungaryʼs industrial output rose 4.2% year-on-year in June, the Central Statistical Office (KSH) said in a first reading of data...

Government deficit reaches 109.6% of full-year target

The government deficit, which had already surpassed the full-year target in June, has increased by a further 5%. The cash...

Hungarian coupon fans spend more, more wisely

The once hugely popular coupon business still exists, but has changed dramatically. Customers today are looking for quality rather than...

Design Terminal to bring British royal startup contest to Hungary

Prince Andrew, the Duke of York and second son of Queen Elizabeth II, has commissioned Design Terminal with organizing the...

Hungaryʼs OTP to acquire units of Société Générale

OTP Bank yesterday said it had agreed to buy a 99.74% stake in the Bulgarian unit and an 88.89% shareholding...

Financial loss weighs on MOL profits

Hungarian oil and gas company MOLʼs second-quarter revenue climbed year-on-year but net income fell 18% to HUF 72.9 billion because...

Drug maker Richterʼs earnings lifted in Q2

Second-quarter net income of Hungarian drugmaker Gedeon Richter nearly tripled to HUF 24.3 billion from HUF 8.4 bln in the...