Tech

Telco

BUX takes a pummeling in the morning

The Budapest Stock Exchangeʼs main BUX index was down 7.45% at 33,814.08 at noon on Thursday, state news wire MTI...

Telco

EIB backs Polish wind farm with EUR 60 mln loan

The European Investment Bank (EIB) says it has signed a EUR 60 million (USD 67.9 mln) agreement with Lithuanian Ignitis...

Telco

Banking sector profits reach HUF 698 bln in 2019

Combined after-tax profit of Hungaryʼs banking sector rose 8.5% to HUF 698 billion last year, state news wire MTI reports,...

Telco

Gen govʼt deficit reaches 69.37% of full-year target in Feb

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 254.6 billion deficit at the end of February, reaching...

Telco

Hungary seeks higher postal services subsidy threshold

Hungary will ask the European Commission to raise the subsidy threshold for state-owned postal company Magyar Posta to allow it...

Telco

Expanding balance sheet boosts OTP earnings

Consolidated fourth-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 32% year-on-year to HUF 103 billion, lifted by...

Telco

Outlays, impact of weak forint lift corporate lending stock in January

Corporate lending stock of Hungarian banks rose in January from the previous month, lifted by net outlays and the impact...

Telco

CJEU rules Hungary sectoral taxes compatible with EU rules

The Court of Justice of the European Union (CJEU) on Tuesday ruled that progressive, turnover-based taxes on retailers and telcos...

Telco

Average pension half the average salary

On Wednesday morning, the Central Statistical Office (KSH) published earnings figures for December last year, and the report also found...

Telco

Hungary investment volume growth slows to 5.9% in Q4

Investment volume in Hungary rose 5.9% year-on-year in the fourth quarter, the lowest rate since Q4 2016, Hungarian news agency...

Telco

K&H Bank adjusted profit climbs 7% in 2019

Net profit of K&H Bank, the Hungarian unit of Belgiumʼs KBC, rose 7% to HUF 50.9 billion last year, cleared...

Telco

Average gross earnings up 13.1% y.o.y. in December

Average gross earnings amounted to HUF 406,400 in December 2019, about 13.1% higher than in the same period of 2018,...

Telco

Bosnia’s Federation approves construction of two wind plants

The government of Bosnia’s Federation entity said that it has given a preliminary approval for the launch of the Ivovik...

Telco

GreenGo launches service in Prague

Hungarian car-sharing company GreenGo has started operating in Prague with 100 all-electric VW e-up! cars, Hungarian news agency MTI says,...

Telco

MOL Q4 earnings fall on bigger tax bill

Fourth-quarter net income of Hungaryʼs MOL fell 53% year-on-year to HUF 37 billion as the oil and gas company footed...

Telco

BUX takes a pummeling in the morning

The Budapest Stock Exchangeʼs main BUX index was down 7.45% at 33,814.08 at noon on Thursday, state news wire MTI...

Telco

EIB backs Polish wind farm with EUR 60 mln loan

The European Investment Bank (EIB) says it has signed a EUR 60 million (USD 67.9 mln) agreement with Lithuanian Ignitis...

Telco

Banking sector profits reach HUF 698 bln in 2019

Combined after-tax profit of Hungaryʼs banking sector rose 8.5% to HUF 698 billion last year, state news wire MTI reports,...

Telco

Gen govʼt deficit reaches 69.37% of full-year target in Feb

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 254.6 billion deficit at the end of February, reaching...

Telco

Hungary seeks higher postal services subsidy threshold

Hungary will ask the European Commission to raise the subsidy threshold for state-owned postal company Magyar Posta to allow it...

Telco

Expanding balance sheet boosts OTP earnings

Consolidated fourth-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 32% year-on-year to HUF 103 billion, lifted by...

Telco

Outlays, impact of weak forint lift corporate lending stock in January

Corporate lending stock of Hungarian banks rose in January from the previous month, lifted by net outlays and the impact...

Telco

CJEU rules Hungary sectoral taxes compatible with EU rules

The Court of Justice of the European Union (CJEU) on Tuesday ruled that progressive, turnover-based taxes on retailers and telcos...

Telco

Average pension half the average salary

On Wednesday morning, the Central Statistical Office (KSH) published earnings figures for December last year, and the report also found...

Telco

Hungary investment volume growth slows to 5.9% in Q4

Investment volume in Hungary rose 5.9% year-on-year in the fourth quarter, the lowest rate since Q4 2016, Hungarian news agency...

Telco

K&H Bank adjusted profit climbs 7% in 2019

Net profit of K&H Bank, the Hungarian unit of Belgiumʼs KBC, rose 7% to HUF 50.9 billion last year, cleared...

Telco

Average gross earnings up 13.1% y.o.y. in December

Average gross earnings amounted to HUF 406,400 in December 2019, about 13.1% higher than in the same period of 2018,...

Telco

Bosnia’s Federation approves construction of two wind plants

The government of Bosnia’s Federation entity said that it has given a preliminary approval for the launch of the Ivovik...

Telco

GreenGo launches service in Prague

Hungarian car-sharing company GreenGo has started operating in Prague with 100 all-electric VW e-up! cars, Hungarian news agency MTI says,...

Telco

MOL Q4 earnings fall on bigger tax bill

Fourth-quarter net income of Hungaryʼs MOL fell 53% year-on-year to HUF 37 billion as the oil and gas company footed...

BUX takes a pummeling in the morning

The Budapest Stock Exchangeʼs main BUX index was down 7.45% at 33,814.08 at noon on Thursday, state news wire MTI...

EIB backs Polish wind farm with EUR 60 mln loan

The European Investment Bank (EIB) says it has signed a EUR 60 million (USD 67.9 mln) agreement with Lithuanian Ignitis...

Banking sector profits reach HUF 698 bln in 2019

Combined after-tax profit of Hungaryʼs banking sector rose 8.5% to HUF 698 billion last year, state news wire MTI reports,...

Gen govʼt deficit reaches 69.37% of full-year target in Feb

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 254.6 billion deficit at the end of February, reaching...

Hungary seeks higher postal services subsidy threshold

Hungary will ask the European Commission to raise the subsidy threshold for state-owned postal company Magyar Posta to allow it...

Expanding balance sheet boosts OTP earnings

Consolidated fourth-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 32% year-on-year to HUF 103 billion, lifted by...

Outlays, impact of weak forint lift corporate lending stock in January

Corporate lending stock of Hungarian banks rose in January from the previous month, lifted by net outlays and the impact...

CJEU rules Hungary sectoral taxes compatible with EU rules

The Court of Justice of the European Union (CJEU) on Tuesday ruled that progressive, turnover-based taxes on retailers and telcos...

Average pension half the average salary

On Wednesday morning, the Central Statistical Office (KSH) published earnings figures for December last year, and the report also found...

Hungary investment volume growth slows to 5.9% in Q4

Investment volume in Hungary rose 5.9% year-on-year in the fourth quarter, the lowest rate since Q4 2016, Hungarian news agency...

K&H Bank adjusted profit climbs 7% in 2019

Net profit of K&H Bank, the Hungarian unit of Belgiumʼs KBC, rose 7% to HUF 50.9 billion last year, cleared...

Average gross earnings up 13.1% y.o.y. in December

Average gross earnings amounted to HUF 406,400 in December 2019, about 13.1% higher than in the same period of 2018,...

Bosnia’s Federation approves construction of two wind plants

The government of Bosnia’s Federation entity said that it has given a preliminary approval for the launch of the Ivovik...

GreenGo launches service in Prague

Hungarian car-sharing company GreenGo has started operating in Prague with 100 all-electric VW e-up! cars, Hungarian news agency MTI says,...

MOL Q4 earnings fall on bigger tax bill

Fourth-quarter net income of Hungaryʼs MOL fell 53% year-on-year to HUF 37 billion as the oil and gas company footed...