Business

Pharma

Taiwanese firm to build bicycle factory in Gyöngyös

Taiwanese bicycle manufacturer Giant Global Group will build a HUF 15 billion plant in Gyöngyös (N Hungary), Levente Magyar, parliamentary...

Deals

Sanatmetal inaugurates RUB 250 mln plant in Russia

Sanatmetal, a manufacturer of high-tech orthopedic and traumatology products based in Eger, northeast Hungary, inaugurated a RUB 250 million (approx....

Telco

FuturAqua creates blockchain-based cryptocurrency

Listed Hungarian mineral water bottling company FuturAqua, based in Pécs (SW Hungary), has created an independently tradable blockchain-based cryptocurrency based...

Telco

Over HUF 100,000 needed for average standard of living

Incomes of Hungarian families vary widely, but the general perception is that income is not enough for an average standard...

Deals

MNB replacing HUF 500 banknotes

The National Bank of Hungary (MNB) today launched a new HUF 500 banknote. The new banknote will be available for...

Telco

Banksʼ corporate, retail lending stocks rise in May

The corporate lending stock of Hungarian banks was up in May from the previous month as a combined result of...

Sustainability

Household savings ratio rises; home loans at 15-year high

Hungaryʼs four-quarter rolling net household financial savings ratio rose further, to 5.5% of GDP, in the first quarter of 2018....

Deals

Survey to study diabetic lifestyles in Hungary

The Hungarian Diabetes Association is conducting a survey to try and better understand the everyday lives of diabetics. The goal...

Telco

Magyar Telekom demonstrates 5G connection in Hungary

Magyar Telekom demonstrated the first 5G connection in Hungary under real-world, non-laboratory conditions in Budapest on Monday. The technology could...

Telco

Diego opens 100th store in Hungary

Flooring, curtain and carpet retail chain Diego opened its 100th store in Hungary on June 30, in Balatonlelle (around 128...

Retail

Hungary’s online retail trade tops HUF 500 bln in 2017

According to research by eNET, the net volume of online retail in Hungary totaled HUF 545 billion in 2017, with...

Telco

Deficit-to-GDP ratio 1.1% in Q1 2018

The general government sector closed the first quarter of 2018 with a deficit of HUF 115.5 billion, equivalent to 1.1%...

Retail

Hungaryʼs online invoicing kicks in on Sunday

As of Sunday, July 1, all companies must send the tax authorities a copy of their invoices containing VAT higher...

Automotive

Industrial producer prices for Hungary grow by more than 5%

Industrial producer prices as a whole were 5.3% higher in May 2018 than in the same period of the previous...

Competition

Hungaryʼs Cellum upgrades SIM management platform

Hungarian mobile transaction company Cellum has announced upgrades to its SIM management platform for mobile network operators that, it says,...

Pharma

Taiwanese firm to build bicycle factory in Gyöngyös

Taiwanese bicycle manufacturer Giant Global Group will build a HUF 15 billion plant in Gyöngyös (N Hungary), Levente Magyar, parliamentary...

Deals

Sanatmetal inaugurates RUB 250 mln plant in Russia

Sanatmetal, a manufacturer of high-tech orthopedic and traumatology products based in Eger, northeast Hungary, inaugurated a RUB 250 million (approx....

Telco

FuturAqua creates blockchain-based cryptocurrency

Listed Hungarian mineral water bottling company FuturAqua, based in Pécs (SW Hungary), has created an independently tradable blockchain-based cryptocurrency based...

Telco

Over HUF 100,000 needed for average standard of living

Incomes of Hungarian families vary widely, but the general perception is that income is not enough for an average standard...

Deals

MNB replacing HUF 500 banknotes

The National Bank of Hungary (MNB) today launched a new HUF 500 banknote. The new banknote will be available for...

Telco

Banksʼ corporate, retail lending stocks rise in May

The corporate lending stock of Hungarian banks was up in May from the previous month as a combined result of...

Sustainability

Household savings ratio rises; home loans at 15-year high

Hungaryʼs four-quarter rolling net household financial savings ratio rose further, to 5.5% of GDP, in the first quarter of 2018....

Deals

Survey to study diabetic lifestyles in Hungary

The Hungarian Diabetes Association is conducting a survey to try and better understand the everyday lives of diabetics. The goal...

Telco

Magyar Telekom demonstrates 5G connection in Hungary

Magyar Telekom demonstrated the first 5G connection in Hungary under real-world, non-laboratory conditions in Budapest on Monday. The technology could...

Telco

Diego opens 100th store in Hungary

Flooring, curtain and carpet retail chain Diego opened its 100th store in Hungary on June 30, in Balatonlelle (around 128...

Retail

Hungary’s online retail trade tops HUF 500 bln in 2017

According to research by eNET, the net volume of online retail in Hungary totaled HUF 545 billion in 2017, with...

Telco

Deficit-to-GDP ratio 1.1% in Q1 2018

The general government sector closed the first quarter of 2018 with a deficit of HUF 115.5 billion, equivalent to 1.1%...

Retail

Hungaryʼs online invoicing kicks in on Sunday

As of Sunday, July 1, all companies must send the tax authorities a copy of their invoices containing VAT higher...

Automotive

Industrial producer prices for Hungary grow by more than 5%

Industrial producer prices as a whole were 5.3% higher in May 2018 than in the same period of the previous...

Competition

Hungaryʼs Cellum upgrades SIM management platform

Hungarian mobile transaction company Cellum has announced upgrades to its SIM management platform for mobile network operators that, it says,...

Taiwanese firm to build bicycle factory in Gyöngyös

Taiwanese bicycle manufacturer Giant Global Group will build a HUF 15 billion plant in Gyöngyös (N Hungary), Levente Magyar, parliamentary...

Sanatmetal inaugurates RUB 250 mln plant in Russia

Sanatmetal, a manufacturer of high-tech orthopedic and traumatology products based in Eger, northeast Hungary, inaugurated a RUB 250 million (approx....

FuturAqua creates blockchain-based cryptocurrency

Listed Hungarian mineral water bottling company FuturAqua, based in Pécs (SW Hungary), has created an independently tradable blockchain-based cryptocurrency based...

Over HUF 100,000 needed for average standard of living

Incomes of Hungarian families vary widely, but the general perception is that income is not enough for an average standard...

MNB replacing HUF 500 banknotes

The National Bank of Hungary (MNB) today launched a new HUF 500 banknote. The new banknote will be available for...

Banksʼ corporate, retail lending stocks rise in May

The corporate lending stock of Hungarian banks was up in May from the previous month as a combined result of...

Household savings ratio rises; home loans at 15-year high

Hungaryʼs four-quarter rolling net household financial savings ratio rose further, to 5.5% of GDP, in the first quarter of 2018....

Survey to study diabetic lifestyles in Hungary

The Hungarian Diabetes Association is conducting a survey to try and better understand the everyday lives of diabetics. The goal...

Magyar Telekom demonstrates 5G connection in Hungary

Magyar Telekom demonstrated the first 5G connection in Hungary under real-world, non-laboratory conditions in Budapest on Monday. The technology could...

Diego opens 100th store in Hungary

Flooring, curtain and carpet retail chain Diego opened its 100th store in Hungary on June 30, in Balatonlelle (around 128...

Hungary’s online retail trade tops HUF 500 bln in 2017

According to research by eNET, the net volume of online retail in Hungary totaled HUF 545 billion in 2017, with...

Deficit-to-GDP ratio 1.1% in Q1 2018

The general government sector closed the first quarter of 2018 with a deficit of HUF 115.5 billion, equivalent to 1.1%...

Hungaryʼs online invoicing kicks in on Sunday

As of Sunday, July 1, all companies must send the tax authorities a copy of their invoices containing VAT higher...

Industrial producer prices for Hungary grow by more than 5%

Industrial producer prices as a whole were 5.3% higher in May 2018 than in the same period of the previous...

Hungaryʼs Cellum upgrades SIM management platform

Hungarian mobile transaction company Cellum has announced upgrades to its SIM management platform for mobile network operators that, it says,...