Business

Telco

BUX hit by Richter profit warning over Esmya

Hungarian drugmaker Gedeon Richter said late on Monday it would book a HUF 42 billion impairment loss related to its...

Pharma

Linamar Hungary plans HUF 8.6 bln investment

Linamar Hungary, a Canadian-owned maker of precision machined and assembled components, will invest HUF 8.64 billion at three bases around...

Telco

Tender raises MNB FX swap stock to HUF 1,511 bln

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) rose about HUF 25 bln to HUF...

Telco

K&H Bank after-tax profit nears HUF 42 bln in 2017

K&H Bank, the Hungarian unit of Belgiumʼs KBC, had after-tax profit of HUF 41.8 billion last year, CEO David Moucheron...

Competition

Chambers to hold digital business transformation conference

The Swiss-Hungarian Chamber of Commerce, in cooperation with the Netherlands-Hungarian Chamber of Commerce and the Swedish Chamber of Commerce in...

Logistics

Consumer, business confidence grow in February

Economic research institute GKIʼs combined gauge of consumer and business confidence rose to 9.5 points in February, up from 8.2...

Sustainability

Housing market develops faster in towns, villages outside capital

In 2017, 14,389 new dwellings were built in Hungary, 44% more than a year earlier. The number of dwellings built...

Pharma

Bridgestone unitʼs revenue up 47% in 2017

The Hungarian unit of Japanese tire maker Bridgestone recorded HUF 53.1 billion in sales revenues last year, 47% more than...

Pharma

HIPA thanks biggest investors at annual awards ceremony

The Hungarian Investment Promotion Agency (HIPA) recognized some of the biggest investors in Hungary at an annual awards ceremony late...

Telco

Investment fundsʼ net asset value tops HUF 6.6 tln

The net asset value of investment funds in Hungary rose 9.9% to HUF 6,614.9 billion in the twelve months to...

Retail

Hungarian airport car sharing service eyes expansion

Hungarian startup BeeRides has partnered with German investor innogy Innovation Hub to expand its airport car sharing service. After Budapest...

Retail

IKEA turnover up 14% in last business year

Home furnishings retailer IKEAʼs revenue in Hungary rose 14% year-on-year to HUF 61 billion in the business year ending August...

Retail

Online shopping growth stalls in 2017

Online sales continue to grow faster in Hungary than regular retail sales; however, figures from last year reveal that the...

Telco

PortfoLion invests USD 5 mln in local startup Starschema

Venture capital fund manager PortfoLion, a member of the OTP Group, Hungaryʼs biggest commercial lender, is investing USD 5 million...

Telco

MTel profit plunges in fourth quarter

Magyar Telekomʼs fourth-quarter after-tax profit dropped 75% year-on-year to HUF 5.2 billion, hit by higher costs and the effect of...

Telco

BUX hit by Richter profit warning over Esmya

Hungarian drugmaker Gedeon Richter said late on Monday it would book a HUF 42 billion impairment loss related to its...

Pharma

Linamar Hungary plans HUF 8.6 bln investment

Linamar Hungary, a Canadian-owned maker of precision machined and assembled components, will invest HUF 8.64 billion at three bases around...

Telco

Tender raises MNB FX swap stock to HUF 1,511 bln

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) rose about HUF 25 bln to HUF...

Telco

K&H Bank after-tax profit nears HUF 42 bln in 2017

K&H Bank, the Hungarian unit of Belgiumʼs KBC, had after-tax profit of HUF 41.8 billion last year, CEO David Moucheron...

Competition

Chambers to hold digital business transformation conference

The Swiss-Hungarian Chamber of Commerce, in cooperation with the Netherlands-Hungarian Chamber of Commerce and the Swedish Chamber of Commerce in...

Logistics

Consumer, business confidence grow in February

Economic research institute GKIʼs combined gauge of consumer and business confidence rose to 9.5 points in February, up from 8.2...

Sustainability

Housing market develops faster in towns, villages outside capital

In 2017, 14,389 new dwellings were built in Hungary, 44% more than a year earlier. The number of dwellings built...

Pharma

Bridgestone unitʼs revenue up 47% in 2017

The Hungarian unit of Japanese tire maker Bridgestone recorded HUF 53.1 billion in sales revenues last year, 47% more than...

Pharma

HIPA thanks biggest investors at annual awards ceremony

The Hungarian Investment Promotion Agency (HIPA) recognized some of the biggest investors in Hungary at an annual awards ceremony late...

Telco

Investment fundsʼ net asset value tops HUF 6.6 tln

The net asset value of investment funds in Hungary rose 9.9% to HUF 6,614.9 billion in the twelve months to...

Retail

Hungarian airport car sharing service eyes expansion

Hungarian startup BeeRides has partnered with German investor innogy Innovation Hub to expand its airport car sharing service. After Budapest...

Retail

IKEA turnover up 14% in last business year

Home furnishings retailer IKEAʼs revenue in Hungary rose 14% year-on-year to HUF 61 billion in the business year ending August...

Retail

Online shopping growth stalls in 2017

Online sales continue to grow faster in Hungary than regular retail sales; however, figures from last year reveal that the...

Telco

PortfoLion invests USD 5 mln in local startup Starschema

Venture capital fund manager PortfoLion, a member of the OTP Group, Hungaryʼs biggest commercial lender, is investing USD 5 million...

Telco

MTel profit plunges in fourth quarter

Magyar Telekomʼs fourth-quarter after-tax profit dropped 75% year-on-year to HUF 5.2 billion, hit by higher costs and the effect of...

BUX hit by Richter profit warning over Esmya

Hungarian drugmaker Gedeon Richter said late on Monday it would book a HUF 42 billion impairment loss related to its...

Linamar Hungary plans HUF 8.6 bln investment

Linamar Hungary, a Canadian-owned maker of precision machined and assembled components, will invest HUF 8.64 billion at three bases around...

Tender raises MNB FX swap stock to HUF 1,511 bln

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) rose about HUF 25 bln to HUF...

K&H Bank after-tax profit nears HUF 42 bln in 2017

K&H Bank, the Hungarian unit of Belgiumʼs KBC, had after-tax profit of HUF 41.8 billion last year, CEO David Moucheron...

Chambers to hold digital business transformation conference

The Swiss-Hungarian Chamber of Commerce, in cooperation with the Netherlands-Hungarian Chamber of Commerce and the Swedish Chamber of Commerce in...

Consumer, business confidence grow in February

Economic research institute GKIʼs combined gauge of consumer and business confidence rose to 9.5 points in February, up from 8.2...

Housing market develops faster in towns, villages outside capital

In 2017, 14,389 new dwellings were built in Hungary, 44% more than a year earlier. The number of dwellings built...

Bridgestone unitʼs revenue up 47% in 2017

The Hungarian unit of Japanese tire maker Bridgestone recorded HUF 53.1 billion in sales revenues last year, 47% more than...

HIPA thanks biggest investors at annual awards ceremony

The Hungarian Investment Promotion Agency (HIPA) recognized some of the biggest investors in Hungary at an annual awards ceremony late...

Investment fundsʼ net asset value tops HUF 6.6 tln

The net asset value of investment funds in Hungary rose 9.9% to HUF 6,614.9 billion in the twelve months to...

Hungarian airport car sharing service eyes expansion

Hungarian startup BeeRides has partnered with German investor innogy Innovation Hub to expand its airport car sharing service. After Budapest...

IKEA turnover up 14% in last business year

Home furnishings retailer IKEAʼs revenue in Hungary rose 14% year-on-year to HUF 61 billion in the business year ending August...

Online shopping growth stalls in 2017

Online sales continue to grow faster in Hungary than regular retail sales; however, figures from last year reveal that the...

PortfoLion invests USD 5 mln in local startup Starschema

Venture capital fund manager PortfoLion, a member of the OTP Group, Hungaryʼs biggest commercial lender, is investing USD 5 million...

MTel profit plunges in fourth quarter

Magyar Telekomʼs fourth-quarter after-tax profit dropped 75% year-on-year to HUF 5.2 billion, hit by higher costs and the effect of...