Tech

Telco

Voluntary pension member contributions rose 4.5% in Q1

Voluntary pension fund member contributions rose by 4.5% to HUF 23.15 billion in Q1 2020 from Q1 2019, data from...

Telco

AutoWallis registers 10% revenue growth in Q1 2020

Listed company AutoWallis has managed to increase its revenue by 10% to HUF 20.2 billion in the first quarter of...

Telco

Szerencsejáték offers to pay sales partners preserving jobs extra HUF 5 bln

State-owned lottery company Szerencsejáték is offering its key sales partners hit by the pandemic but preserving jobs extra commissions worth...

Telco

Leasing market takes hit from pandemic crisis

Growth on Hungaryʼs leasing market came to a halt in the first quarter due to the coronavirus pandemic, the Hungarian...

Telco

Govʼt announces details of HUF 25 bln in extra farm support

The Agriculture Ministry on Friday announced details of HUF 25 billion in support for farm producers and food industry companies...

Telco

Long Road Back to Recovery Starts

Several restrictions related to the coronavirus were lifted in Budapest and Pest county on Monday, May 18. All shops could...

Telco

Households’ assets increased by HUF 514 bln

Households’ financial assets increased by HUF 514 billion in Q1, which is the most modest amount since the HUF 418...

Telco

MNB FX swap stock practically flat after tender

The National Bank of Hungaryʼs stock of FX swaps, which the central bank uses to pump liquidity into the banking...

Telco

Magyar Posta to raise parcel delivery rates

State-owned Hungarian postal services company Magyar Posta will raise its domestic and international parcel delivery rates by an average of...

Telco

Auto showrooms reopening in May

In the first four months of this year, a total of 38,841 new cars received license plates, down 17% from...

Telco

OTP books HUF 4 bln Q1 loss

OTP Bank, Hungaryʼs biggest commercial lender, booked a HUF 4.1 billion loss in the first quarter as risk provisions ballooned...

Telco

Stockpiling ahead of lockdown supports Richter earnings growth in Q1

Hungarian drugmaker Gedeon Richterʼs first-quarter net income rose 31.7% year-on-year to HUF 29 billion as revenue climbed, lifted by stockpiling...

Telco

Industry insiders see ad revenue falling by around one-third

Advertising industry insiders expect the market to shrink about one-third this year, state news wire MTI reports, citing a survey...

Telco

FX, inventory losses put MOL in red in Q1

Hungarian oil and gas company MOL had a first-quarter loss of HUF 48.4 billion as FX and inventory losses weighed,...

Telco

Govʼt rechannels EU funding for economic defense measures

The government decided at a cabinet meeting on Wednesday to rechannel European Union funding earmarked for economic development to measures...

Science

Rising Tide of Dementia: Economic Imperatives for Hungary and Europe

The rising prevalence of dementia is becoming not only a healthcare challenge but an economic and labor market issue that...

Science

3D-Printed Spine Models Could Aid Planning for Complex Surgery

Physical, life-sized models of patients’ spines could give surgeons a valuable additional tool when preparing for particularly complex procedures, according...

Science

Mental Health Forum Seeks to Turn Professional Consensus Into Cross-sectoral System Reform

Semmelweis University’s “Mental Health in Hungary 2026” forum brought psychiatric professionals, social care workers, educators, patient representatives and policymakers together...

Science

ELTE Quantum Biology Conference Puts Budapest on Emerging Science Map

Budapest hosted an international gathering at the frontier of quantum science and biology as the 15th International Workshop on Quantum...

Science

Endometriosis Carries a Heavy Workplace Cost in Hungary

A Hungarian-led study has quantified the workplace burden of endometriosis, showing that women with the condition miss more than twice...

Fintech

SAP Hungary: How AI and Business Development Meet in Budapest

SAP Hungary opened its Budapest office to the press during an “Insider Tour,” giving a close look at how the...

AI Agents Could Shop and Pay for One in 10 Consumers by 2030, Mastercard Says

More than one in 10 online shoppers could regularly use artificial intelligence agents to purchase products on their behalf by...

4iG Group, SpaceX Sign European Deal for Starlink Mobile, Sovereign Solutions

4iG Group and SpaceX have signed agreements to introduce Starlink Mobile services and develop secure sovereign satellite communications solutions in...

Global Payments Introduces Accessible Card Payments for Visually Impaired Users

Global Payments has introduced a new accessibility mode on its payment terminals designed to make card payments easier for blind...

Sziget Festival Sets New Mobile Data Traffic Record on Yettel Network

Festival-goers generated nearly 54 terabytes of mobile data traffic on Yettel’s network during this year’s Sziget Festival, setting a new...

Rising Tide of Dementia: Economic Imperatives for Hungary and Europe

The rising prevalence of dementia is becoming not only a healthcare challenge but an economic and labor market issue that...

3D-Printed Spine Models Could Aid Planning for Complex Surgery

Physical, life-sized models of patients’ spines could give surgeons a valuable additional tool when preparing for particularly complex procedures, according...

BME, OTP Join Forces to Strengthen Cybersecurity Education and Research

A new partnership between the Budapest University of Technology and Economics (BME) and OTP Bank aims to connect academic expertise...

CoinCash 1st Hungarian Crypto Provider to Receive MiCA Approval

MNB granted CoinCash operator Tiwala Solutions a CASP license, making it the first and currently only Hungary‑based crypto provider authorized...

Mental Health Forum Seeks to Turn Professional Consensus Into Cross-sectoral System Reform

Semmelweis University’s “Mental Health in Hungary 2026” forum brought psychiatric professionals, social care workers, educators, patient representatives and policymakers together...

ELTE Quantum Biology Conference Puts Budapest on Emerging Science Map

Budapest hosted an international gathering at the frontier of quantum science and biology as the 15th International Workshop on Quantum...

Endometriosis Carries a Heavy Workplace Cost in Hungary

A Hungarian-led study has quantified the workplace burden of endometriosis, showing that women with the condition miss more than twice...

Breakthrough to Bedside: The Financing Challenge Behind Healthcare Innovation

According to Ildikó Ádám, partner at EY and life sciences industry leader for the Europe Central region, her sector is...

Corvinus University Completes HUF 1.5 bln Digital Development Project

Corvinus University of Budapest has completed a HUF 1.491 bln digital and practice-oriented development project supported by non-refundable EU funding...

SAP Hungary: How AI and Business Development Meet in Budapest

SAP Hungary opened its Budapest office to the press during an “Insider Tour,” giving a close look at how the...

Revolut Migrates Over 2 mln Hungarian Customers to Local Branch

Revolut Bank successfully completed the migration of more than 2 million eligible Hungarian retail customers to the local branch and...