Business

Telco

Rába profit climbs 14% in 2017

Hungarian automotive industry holding Rábaʼs after-tax profit climbed 14% to HUF 1.57 billion last year, boosted by higher revenues, a...

Pharma

Debrecen to host EUR 100 mln Continental investment

German-owned automotive industry supplier Continental will build a EUR 100 million parts plant in Debrecen, Hungaryʼs second largest city in...

Telco

Ministry confirms HUF 192.8 bln deficit at end of January

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 192.8 billion deficit at the end of January, the...

Sustainability

Higher wages, but lower chances of buying a home

The Central Statistical Office (KSH) recently reported growth in gross wages; however, this has not brought the chances of buying...

Pharma

Rehau building EUR 150 mln plant near Daimler base

Rehau-Automotive Kft., a Swiss maker of polymer products with German roots, will build a EUR 150 million car parts plant...

Telco

Fresh milk sales growing after VAT slashed

Milk and dairy products represent a growing business at supermarket chains, with annual revenues reaching nearly HUF 40 billion, reports...

Deals

New CEO at Ariston Thermo Hungária

As of this year, Gábor Pavek heads heating technology company Ariston Thermo Hungária as CEO. Pavek has been working at...

Telco

CIG Pannónia 2017 premium revenues lifted by MKB acquisition

Listed insurance company CIG Pannóniaʼs revenue from premiums rose 48% to HUF 26.0 billion in 2017, lifted by its acquisition...

Telco

MOL posts outstanding profit in fourth quarter

Hungarian oil and gas companyʼs fourth-quarter net income rose 76% year-on-year to HUF 76.6 billion, lifted by higher revenues and...

Telco

Wage growth reaches 13.5% y-o-y in December

Average gross nominal wages for full-time employees in Hungary rose 13.5% year-on-year to HUF 327,713 in December, the Central Statistical...

Telco

Tender leaves MNB FX swap stock unchanged

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) will stay unchanged at HUF 1.486 trillion...

Automotive

Audi to launch HUF 6 bln R&D center in Győr

German carmaker Audi will set up a HUF 6.2 billion research and development center at its base in Győr, northwest...

Telco

UPC subscribers above 2 million in Hungary

Revenues of telecom service provider UPC Magyarország rose 9.7% last year, the company said yesterday. The company did not disclose...

Telco

MNB allocates HUF 50 bln of MIRS at tender

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

Deals

Opus shares up over 10% after equity boost annnouncement

Holding company Opus Global on Thursday disclosed a plan to raise net assets by HUF 60-80 billion through the in-kind...

Telco

Rába profit climbs 14% in 2017

Hungarian automotive industry holding Rábaʼs after-tax profit climbed 14% to HUF 1.57 billion last year, boosted by higher revenues, a...

Pharma

Debrecen to host EUR 100 mln Continental investment

German-owned automotive industry supplier Continental will build a EUR 100 million parts plant in Debrecen, Hungaryʼs second largest city in...

Telco

Ministry confirms HUF 192.8 bln deficit at end of January

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 192.8 billion deficit at the end of January, the...

Sustainability

Higher wages, but lower chances of buying a home

The Central Statistical Office (KSH) recently reported growth in gross wages; however, this has not brought the chances of buying...

Pharma

Rehau building EUR 150 mln plant near Daimler base

Rehau-Automotive Kft., a Swiss maker of polymer products with German roots, will build a EUR 150 million car parts plant...

Telco

Fresh milk sales growing after VAT slashed

Milk and dairy products represent a growing business at supermarket chains, with annual revenues reaching nearly HUF 40 billion, reports...

Deals

New CEO at Ariston Thermo Hungária

As of this year, Gábor Pavek heads heating technology company Ariston Thermo Hungária as CEO. Pavek has been working at...

Telco

CIG Pannónia 2017 premium revenues lifted by MKB acquisition

Listed insurance company CIG Pannóniaʼs revenue from premiums rose 48% to HUF 26.0 billion in 2017, lifted by its acquisition...

Telco

MOL posts outstanding profit in fourth quarter

Hungarian oil and gas companyʼs fourth-quarter net income rose 76% year-on-year to HUF 76.6 billion, lifted by higher revenues and...

Telco

Wage growth reaches 13.5% y-o-y in December

Average gross nominal wages for full-time employees in Hungary rose 13.5% year-on-year to HUF 327,713 in December, the Central Statistical...

Telco

Tender leaves MNB FX swap stock unchanged

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) will stay unchanged at HUF 1.486 trillion...

Automotive

Audi to launch HUF 6 bln R&D center in Győr

German carmaker Audi will set up a HUF 6.2 billion research and development center at its base in Győr, northwest...

Telco

UPC subscribers above 2 million in Hungary

Revenues of telecom service provider UPC Magyarország rose 9.7% last year, the company said yesterday. The company did not disclose...

Telco

MNB allocates HUF 50 bln of MIRS at tender

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

Deals

Opus shares up over 10% after equity boost annnouncement

Holding company Opus Global on Thursday disclosed a plan to raise net assets by HUF 60-80 billion through the in-kind...

Rába profit climbs 14% in 2017

Hungarian automotive industry holding Rábaʼs after-tax profit climbed 14% to HUF 1.57 billion last year, boosted by higher revenues, a...

Debrecen to host EUR 100 mln Continental investment

German-owned automotive industry supplier Continental will build a EUR 100 million parts plant in Debrecen, Hungaryʼs second largest city in...

Ministry confirms HUF 192.8 bln deficit at end of January

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 192.8 billion deficit at the end of January, the...

Higher wages, but lower chances of buying a home

The Central Statistical Office (KSH) recently reported growth in gross wages; however, this has not brought the chances of buying...

Rehau building EUR 150 mln plant near Daimler base

Rehau-Automotive Kft., a Swiss maker of polymer products with German roots, will build a EUR 150 million car parts plant...

Fresh milk sales growing after VAT slashed

Milk and dairy products represent a growing business at supermarket chains, with annual revenues reaching nearly HUF 40 billion, reports...

New CEO at Ariston Thermo Hungária

As of this year, Gábor Pavek heads heating technology company Ariston Thermo Hungária as CEO. Pavek has been working at...

CIG Pannónia 2017 premium revenues lifted by MKB acquisition

Listed insurance company CIG Pannóniaʼs revenue from premiums rose 48% to HUF 26.0 billion in 2017, lifted by its acquisition...

MOL posts outstanding profit in fourth quarter

Hungarian oil and gas companyʼs fourth-quarter net income rose 76% year-on-year to HUF 76.6 billion, lifted by higher revenues and...

Wage growth reaches 13.5% y-o-y in December

Average gross nominal wages for full-time employees in Hungary rose 13.5% year-on-year to HUF 327,713 in December, the Central Statistical...

Tender leaves MNB FX swap stock unchanged

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) will stay unchanged at HUF 1.486 trillion...

Audi to launch HUF 6 bln R&D center in Győr

German carmaker Audi will set up a HUF 6.2 billion research and development center at its base in Győr, northwest...

UPC subscribers above 2 million in Hungary

Revenues of telecom service provider UPC Magyarország rose 9.7% last year, the company said yesterday. The company did not disclose...

MNB allocates HUF 50 bln of MIRS at tender

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

Opus shares up over 10% after equity boost annnouncement

Holding company Opus Global on Thursday disclosed a plan to raise net assets by HUF 60-80 billion through the in-kind...