Tech

Telco

K&H Bank H1 profit climbs 40%

K&H Bankʼs consolidated first-half after-tax profit rose 40% year-on-year to HUF 31.5 billion, CEO David Moucheron said at a press...

Telco

MNB prepares to withdraw old HUF 1,000 bills

The National Bank of Hungary (MNB) issued a reminder on Tuesday that old HUF 1,000 bills, which have been replaced...

Telco

Provisions release raises CIB Bank profit

Consolidated first-half after-tax profit of CIB Bank, the local unit of Italyʼs Intesa Sanpaolo banking group, rose 25% year-on-year to...

Telco

Retail chains expand, small shops suffer

The Hungarian unit of French retailer Auchan projects a more than 10% increase in net turnover this year, CEO Dominique...

Telco

GVH reduces fines on banks for cartel activity

The Hungarian Competition Authority (GVH) on Wednesday said it is fining eight banks in Hungary a total of nearly HUF...

Telco

Gross wage growth reaches 11.2% in June

In January–June 2018, average gross monthly earnings amounted to HUF 324,400 and average net earnings to HUF 215,700, both growing...

Telco

Takarék Mortgage Bank H1 profit climbs

Takarék Mortgage Bank, formerly named FHB Bank, had first-half after-tax profit of HUF 4.1 billion, improving from just under HUF...

Telco

Banking sector liquidity narrows further in July

Forint liquidity of Hungaryʼs banking sector narrowed in July from a month earlier, which was mainly reflected in a decrease...

Telco

OTP Q2 earnings better than expected

Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 11% year-on-year to HUF 89.5 billion as business volume...

Telco

Profit, mobile turnover up at Magyar Telekom

Magyar Telekomʼs second-quarter consolidated group net income amounted to HUF 14.5 billion, according to international accounting standards, up 40.6% from...

Telco

Financial loss weighs on MOL profits

Hungarian oil and gas company MOLʼs second-quarter revenue climbed year-on-year but net income fell 18% to HUF 72.9 billion because...

Telco

Drug maker Richterʼs earnings lifted in Q2

Second-quarter net income of Hungarian drugmaker Gedeon Richter nearly tripled to HUF 24.3 billion from HUF 8.4 bln in the...

Telco

MOL acquires bus company ITK

Hungarian oil and gas company MOL on Tuesday said it is acquiring a majority stake in bus company ITK Holding....

Telco

Digi follows growth path

Following the acquisition of Invitel Távközlési Zrt., teleco Digi group has become market leader in the television broadcast segment and...

Telco

Deficit exceeds full-year target at the end of June

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1.420 trillion deficit at the end of June, representing...

Telco

K&H Bank H1 profit climbs 40%

K&H Bankʼs consolidated first-half after-tax profit rose 40% year-on-year to HUF 31.5 billion, CEO David Moucheron said at a press...

Telco

MNB prepares to withdraw old HUF 1,000 bills

The National Bank of Hungary (MNB) issued a reminder on Tuesday that old HUF 1,000 bills, which have been replaced...

Telco

Provisions release raises CIB Bank profit

Consolidated first-half after-tax profit of CIB Bank, the local unit of Italyʼs Intesa Sanpaolo banking group, rose 25% year-on-year to...

Telco

Retail chains expand, small shops suffer

The Hungarian unit of French retailer Auchan projects a more than 10% increase in net turnover this year, CEO Dominique...

Telco

GVH reduces fines on banks for cartel activity

The Hungarian Competition Authority (GVH) on Wednesday said it is fining eight banks in Hungary a total of nearly HUF...

Telco

Gross wage growth reaches 11.2% in June

In January–June 2018, average gross monthly earnings amounted to HUF 324,400 and average net earnings to HUF 215,700, both growing...

Telco

Takarék Mortgage Bank H1 profit climbs

Takarék Mortgage Bank, formerly named FHB Bank, had first-half after-tax profit of HUF 4.1 billion, improving from just under HUF...

Telco

Banking sector liquidity narrows further in July

Forint liquidity of Hungaryʼs banking sector narrowed in July from a month earlier, which was mainly reflected in a decrease...

Telco

OTP Q2 earnings better than expected

Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 11% year-on-year to HUF 89.5 billion as business volume...

Telco

Profit, mobile turnover up at Magyar Telekom

Magyar Telekomʼs second-quarter consolidated group net income amounted to HUF 14.5 billion, according to international accounting standards, up 40.6% from...

Telco

Financial loss weighs on MOL profits

Hungarian oil and gas company MOLʼs second-quarter revenue climbed year-on-year but net income fell 18% to HUF 72.9 billion because...

Telco

Drug maker Richterʼs earnings lifted in Q2

Second-quarter net income of Hungarian drugmaker Gedeon Richter nearly tripled to HUF 24.3 billion from HUF 8.4 bln in the...

Telco

MOL acquires bus company ITK

Hungarian oil and gas company MOL on Tuesday said it is acquiring a majority stake in bus company ITK Holding....

Telco

Digi follows growth path

Following the acquisition of Invitel Távközlési Zrt., teleco Digi group has become market leader in the television broadcast segment and...

Telco

Deficit exceeds full-year target at the end of June

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1.420 trillion deficit at the end of June, representing...

K&H Bank H1 profit climbs 40%

K&H Bankʼs consolidated first-half after-tax profit rose 40% year-on-year to HUF 31.5 billion, CEO David Moucheron said at a press...

MNB prepares to withdraw old HUF 1,000 bills

The National Bank of Hungary (MNB) issued a reminder on Tuesday that old HUF 1,000 bills, which have been replaced...

Provisions release raises CIB Bank profit

Consolidated first-half after-tax profit of CIB Bank, the local unit of Italyʼs Intesa Sanpaolo banking group, rose 25% year-on-year to...

Retail chains expand, small shops suffer

The Hungarian unit of French retailer Auchan projects a more than 10% increase in net turnover this year, CEO Dominique...

GVH reduces fines on banks for cartel activity

The Hungarian Competition Authority (GVH) on Wednesday said it is fining eight banks in Hungary a total of nearly HUF...

Gross wage growth reaches 11.2% in June

In January–June 2018, average gross monthly earnings amounted to HUF 324,400 and average net earnings to HUF 215,700, both growing...

Takarék Mortgage Bank H1 profit climbs

Takarék Mortgage Bank, formerly named FHB Bank, had first-half after-tax profit of HUF 4.1 billion, improving from just under HUF...

Banking sector liquidity narrows further in July

Forint liquidity of Hungaryʼs banking sector narrowed in July from a month earlier, which was mainly reflected in a decrease...

OTP Q2 earnings better than expected

Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 11% year-on-year to HUF 89.5 billion as business volume...

Profit, mobile turnover up at Magyar Telekom

Magyar Telekomʼs second-quarter consolidated group net income amounted to HUF 14.5 billion, according to international accounting standards, up 40.6% from...

Financial loss weighs on MOL profits

Hungarian oil and gas company MOLʼs second-quarter revenue climbed year-on-year but net income fell 18% to HUF 72.9 billion because...

Drug maker Richterʼs earnings lifted in Q2

Second-quarter net income of Hungarian drugmaker Gedeon Richter nearly tripled to HUF 24.3 billion from HUF 8.4 bln in the...

MOL acquires bus company ITK

Hungarian oil and gas company MOL on Tuesday said it is acquiring a majority stake in bus company ITK Holding....

Digi follows growth path

Following the acquisition of Invitel Távközlési Zrt., teleco Digi group has become market leader in the television broadcast segment and...

Deficit exceeds full-year target at the end of June

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1.420 trillion deficit at the end of June, representing...