Tech

Telco

Average gross earnings above HUF 400,000 in March

In March 2020, average gross earnings in Hungary amounted to HUF 400,400, 9% higher than a year earlier, according to...

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

Average gross earnings above HUF 400,000 in March

In March 2020, average gross earnings in Hungary amounted to HUF 400,400, 9% higher than a year earlier, according to...

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,...

Average gross earnings above HUF 400,000 in March

In March 2020, average gross earnings in Hungary amounted to HUF 400,400, 9% higher than a year earlier, according to...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...