Tech

Telco

Budapest Bank after-tax profit climbs 12% in 2017

State-owned Budapest Bankʼs after-tax profit rose 12% to HUF 14.6 billion last year, Chairman-CEO Koppány Lelfai said on Friday. Profits...

Telco

Deficit over third of full-year target at end of February

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 526.6 billion deficit at the end of February, show...

Telco

Exports lift ANY revenue, but profit edges down

After-tax profits of Hungarian security printing company ANY Nyrt. edged down 3.2% to HUF 1.54 billion last year as margins...

Telco

Tender raises MNB FX swap stock to HUF 1,525 bln

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) will rise about HUF 15 billion to...

Telco

Banksʼ retail lending stock edges up in January

The retail lending stock of Hungarian banks edged up HUF 4.3 billion to HUF 5.811 trillion in January from the...

Telco

Corporate lending up over 10% in 2017

Hungarian banksʼ corporate lending stock rose a transaction-based HUF 615 billion, or 10.4%, in 2017, the National Bank of Hungary...

Telco

Profit higher, bad debts lower at Hungaryʼs OTP

Fourth-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, jumped 159% year-on-year to HUF 68.5 billion, lifted by an...

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...

Telco

Ad spending in Hungary rises almost 12% in 2017

Spending on advertising in Hungary rose 11.5% to HUF 241 billion last year, the Hungarian Advertising Association (MRSZ) said on...

Telco

Profits of Hungarian banks jump 50% in 2017

After-tax profits of Hungaryʼs banking sector climbed 50% to HUF 632.4 billion last year, lifted by higher revenue from commissions...

Telco

Profits of Hungarian brokerages soar in 2017

Investment services companies closed the year 2017 with combined net profit of more than HUF 6 billion, some 50% more...

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...

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...

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...

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...