Business

Telco

Eximbank after-tax profit over HUF 4.6 bln in 2017

State-owned Hungarian Eximbank had HUF 4.62 billion after-tax profit in 2017, up from HUF 747 million in 2016, the financial...

Telco

MFB total assets, net profit shrinks as Főgáz leaves group

Consolidated total assets of the state-owned Hungarian Development Bank (MFB) fell by 14% to HUF 1,308.4 billion at the end...

Interview

EP draft report sees risk of breach of EU values by Hungary

A number of MEPs strongly criticized the situation in Hungary at a meeting of the European Parliamentʼs Committee on Civil...

Telco

MNB allocates HUF 50 bln of MIRS at tender

The National Bank of Hungary (MNB) allocated HUF 50 billion of its monetary policy interest rate swaps (MIRS) designed to...

Deals

MNB approves share acquisition in CIG Pannónia by Konzum

The National Bank of Hungary (MNB) yesterday gave approval to holding company Konzum acquiring a 24.85% stake in insurer CIG...

Transport

Moodyʼs gives Wizz Air stable ʼBaa3ʼ rating

Moodyʼs Investors Service, has assigned a first time "Baa3" long-term issuer rating to Wizz Air Holdings, which operates what it...

Deals

Budapest council raises taxi fares

The municipal council of Budapest today voted to raise regulated taxi fares in the capital from July 1. The council...

Retail

Hungarian owners buy out Steinhoff stake in Extreme Digital

The Hungarian owners of online consumer electronics retailer Extreme Digital have reacquired a 50.4% stake in the company from South...

Transport

Flixbus to operate more buses in summer

German long-distance bus transport company FlixBus is increasing its transport capacity in preparation for the summer holiday season. The main...

Deals

Aldi to make 150 new hires in Hungary

The Hungarian unit of German discount chain Aldi plans to increase headcount by more than 150, seeking to fill various...

Interview

Balog to step down as Hungarian superministry head

Zoltán Balog will leave his position as head of the Ministry of Human Capacities, the superministry that oversees the health...

Deals

Mattheisen departs Magyar Telekom after long spell at top

Magyar Telekom on Tuesday announced the resignation of its CEO Christopher Mattheisen. He will leave the company as of July...

Competition

Black labor market keeps expanding

Hungarian authorities imposed more than HUF 200 million in fines last year related to labor irregularities. Illegal hiring of workers...

Deals

Mészáros resigns as mayor to focus on business

Investor Lőrinc Mészáros, the former pipe fitter who has risen to become one of Hungaryʼs richest men under the patronage...

Competition

BCCH looking to get in touch with its soul

The British Chamber of Commerce in Hungary (BCCH) is presenting a “Soulful Enterprise Workshop” on Wednesday morning, May 16. Soulful...

Telco

Eximbank after-tax profit over HUF 4.6 bln in 2017

State-owned Hungarian Eximbank had HUF 4.62 billion after-tax profit in 2017, up from HUF 747 million in 2016, the financial...

Telco

MFB total assets, net profit shrinks as Főgáz leaves group

Consolidated total assets of the state-owned Hungarian Development Bank (MFB) fell by 14% to HUF 1,308.4 billion at the end...

Interview

EP draft report sees risk of breach of EU values by Hungary

A number of MEPs strongly criticized the situation in Hungary at a meeting of the European Parliamentʼs Committee on Civil...

Telco

MNB allocates HUF 50 bln of MIRS at tender

The National Bank of Hungary (MNB) allocated HUF 50 billion of its monetary policy interest rate swaps (MIRS) designed to...

Deals

MNB approves share acquisition in CIG Pannónia by Konzum

The National Bank of Hungary (MNB) yesterday gave approval to holding company Konzum acquiring a 24.85% stake in insurer CIG...

Transport

Moodyʼs gives Wizz Air stable ʼBaa3ʼ rating

Moodyʼs Investors Service, has assigned a first time "Baa3" long-term issuer rating to Wizz Air Holdings, which operates what it...

Deals

Budapest council raises taxi fares

The municipal council of Budapest today voted to raise regulated taxi fares in the capital from July 1. The council...

Retail

Hungarian owners buy out Steinhoff stake in Extreme Digital

The Hungarian owners of online consumer electronics retailer Extreme Digital have reacquired a 50.4% stake in the company from South...

Transport

Flixbus to operate more buses in summer

German long-distance bus transport company FlixBus is increasing its transport capacity in preparation for the summer holiday season. The main...

Deals

Aldi to make 150 new hires in Hungary

The Hungarian unit of German discount chain Aldi plans to increase headcount by more than 150, seeking to fill various...

Interview

Balog to step down as Hungarian superministry head

Zoltán Balog will leave his position as head of the Ministry of Human Capacities, the superministry that oversees the health...

Deals

Mattheisen departs Magyar Telekom after long spell at top

Magyar Telekom on Tuesday announced the resignation of its CEO Christopher Mattheisen. He will leave the company as of July...

Competition

Black labor market keeps expanding

Hungarian authorities imposed more than HUF 200 million in fines last year related to labor irregularities. Illegal hiring of workers...

Deals

Mészáros resigns as mayor to focus on business

Investor Lőrinc Mészáros, the former pipe fitter who has risen to become one of Hungaryʼs richest men under the patronage...

Competition

BCCH looking to get in touch with its soul

The British Chamber of Commerce in Hungary (BCCH) is presenting a “Soulful Enterprise Workshop” on Wednesday morning, May 16. Soulful...

Eximbank after-tax profit over HUF 4.6 bln in 2017

State-owned Hungarian Eximbank had HUF 4.62 billion after-tax profit in 2017, up from HUF 747 million in 2016, the financial...

MFB total assets, net profit shrinks as Főgáz leaves group

Consolidated total assets of the state-owned Hungarian Development Bank (MFB) fell by 14% to HUF 1,308.4 billion at the end...

EP draft report sees risk of breach of EU values by Hungary

A number of MEPs strongly criticized the situation in Hungary at a meeting of the European Parliamentʼs Committee on Civil...

MNB allocates HUF 50 bln of MIRS at tender

The National Bank of Hungary (MNB) allocated HUF 50 billion of its monetary policy interest rate swaps (MIRS) designed to...

MNB approves share acquisition in CIG Pannónia by Konzum

The National Bank of Hungary (MNB) yesterday gave approval to holding company Konzum acquiring a 24.85% stake in insurer CIG...

Moodyʼs gives Wizz Air stable ʼBaa3ʼ rating

Moodyʼs Investors Service, has assigned a first time "Baa3" long-term issuer rating to Wizz Air Holdings, which operates what it...

Budapest council raises taxi fares

The municipal council of Budapest today voted to raise regulated taxi fares in the capital from July 1. The council...

Hungarian owners buy out Steinhoff stake in Extreme Digital

The Hungarian owners of online consumer electronics retailer Extreme Digital have reacquired a 50.4% stake in the company from South...

Flixbus to operate more buses in summer

German long-distance bus transport company FlixBus is increasing its transport capacity in preparation for the summer holiday season. The main...

Aldi to make 150 new hires in Hungary

The Hungarian unit of German discount chain Aldi plans to increase headcount by more than 150, seeking to fill various...

Balog to step down as Hungarian superministry head

Zoltán Balog will leave his position as head of the Ministry of Human Capacities, the superministry that oversees the health...

Mattheisen departs Magyar Telekom after long spell at top

Magyar Telekom on Tuesday announced the resignation of its CEO Christopher Mattheisen. He will leave the company as of July...

Black labor market keeps expanding

Hungarian authorities imposed more than HUF 200 million in fines last year related to labor irregularities. Illegal hiring of workers...

Mészáros resigns as mayor to focus on business

Investor Lőrinc Mészáros, the former pipe fitter who has risen to become one of Hungaryʼs richest men under the patronage...

BCCH looking to get in touch with its soul

The British Chamber of Commerce in Hungary (BCCH) is presenting a “Soulful Enterprise Workshop” on Wednesday morning, May 16. Soulful...