Tech

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...

Telco

PortfoLion invests USD 5 mln in local startup Starschema

Venture capital fund manager PortfoLion, a member of the OTP Group, Hungaryʼs biggest commercial lender, is investing USD 5 million...

Telco

MTel profit plunges in fourth quarter

Magyar Telekomʼs fourth-quarter after-tax profit dropped 75% year-on-year to HUF 5.2 billion, hit by higher costs and the effect of...

Telco

Rába profit climbs 14% in 2017

Hungarian automotive industry holding Rábaʼs after-tax profit climbed 14% to HUF 1.57 billion last year, boosted by higher revenues, a...

Telco

Ministry confirms HUF 192.8 bln deficit at end of January

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 192.8 billion deficit at the end of January, the...

Telco

Fresh milk sales growing after VAT slashed

Milk and dairy products represent a growing business at supermarket chains, with annual revenues reaching nearly HUF 40 billion, reports...

Telco

CIG Pannónia 2017 premium revenues lifted by MKB acquisition

Listed insurance company CIG Pannóniaʼs revenue from premiums rose 48% to HUF 26.0 billion in 2017, lifted by its acquisition...

Telco

MOL posts outstanding profit in fourth quarter

Hungarian oil and gas companyʼs fourth-quarter net income rose 76% year-on-year to HUF 76.6 billion, lifted by higher revenues and...

Telco

Wage growth reaches 13.5% y-o-y in December

Average gross nominal wages for full-time employees in Hungary rose 13.5% year-on-year to HUF 327,713 in December, the Central Statistical...

Telco

Tender leaves MNB FX swap stock unchanged

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) will stay unchanged at HUF 1.486 trillion...

Telco

UPC subscribers above 2 million in Hungary

Revenues of telecom service provider UPC Magyarország rose 9.7% last year, the company said yesterday. The company did not disclose...

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

Net sales of retail govʼt securities top HUF 200 bln in January

Net sales of forint-denominated government securities targeted at retail investors came to HUF 204.8 billion in January, bringing the total...

Telco

Tender reduces MNB FX swap stock by HUF 25 bln

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) will fall by about HUF 25 bln...

Telco

Richter profit plummets on financial loss, taxes

Hungarian drugmaker Gedeon Richterʼs fourth-quarter net income fell 70% year-on-year to HUF 6.6 billion, dragged lower by a financial loss...

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...

Telco

PortfoLion invests USD 5 mln in local startup Starschema

Venture capital fund manager PortfoLion, a member of the OTP Group, Hungaryʼs biggest commercial lender, is investing USD 5 million...

Telco

MTel profit plunges in fourth quarter

Magyar Telekomʼs fourth-quarter after-tax profit dropped 75% year-on-year to HUF 5.2 billion, hit by higher costs and the effect of...

Telco

Rába profit climbs 14% in 2017

Hungarian automotive industry holding Rábaʼs after-tax profit climbed 14% to HUF 1.57 billion last year, boosted by higher revenues, a...

Telco

Ministry confirms HUF 192.8 bln deficit at end of January

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 192.8 billion deficit at the end of January, the...

Telco

Fresh milk sales growing after VAT slashed

Milk and dairy products represent a growing business at supermarket chains, with annual revenues reaching nearly HUF 40 billion, reports...

Telco

CIG Pannónia 2017 premium revenues lifted by MKB acquisition

Listed insurance company CIG Pannóniaʼs revenue from premiums rose 48% to HUF 26.0 billion in 2017, lifted by its acquisition...

Telco

MOL posts outstanding profit in fourth quarter

Hungarian oil and gas companyʼs fourth-quarter net income rose 76% year-on-year to HUF 76.6 billion, lifted by higher revenues and...

Telco

Wage growth reaches 13.5% y-o-y in December

Average gross nominal wages for full-time employees in Hungary rose 13.5% year-on-year to HUF 327,713 in December, the Central Statistical...

Telco

Tender leaves MNB FX swap stock unchanged

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) will stay unchanged at HUF 1.486 trillion...

Telco

UPC subscribers above 2 million in Hungary

Revenues of telecom service provider UPC Magyarország rose 9.7% last year, the company said yesterday. The company did not disclose...

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

Net sales of retail govʼt securities top HUF 200 bln in January

Net sales of forint-denominated government securities targeted at retail investors came to HUF 204.8 billion in January, bringing the total...

Telco

Tender reduces MNB FX swap stock by HUF 25 bln

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) will fall by about HUF 25 bln...

Telco

Richter profit plummets on financial loss, taxes

Hungarian drugmaker Gedeon Richterʼs fourth-quarter net income fell 70% year-on-year to HUF 6.6 billion, dragged lower by a financial loss...

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...

PortfoLion invests USD 5 mln in local startup Starschema

Venture capital fund manager PortfoLion, a member of the OTP Group, Hungaryʼs biggest commercial lender, is investing USD 5 million...

MTel profit plunges in fourth quarter

Magyar Telekomʼs fourth-quarter after-tax profit dropped 75% year-on-year to HUF 5.2 billion, hit by higher costs and the effect of...

Rába profit climbs 14% in 2017

Hungarian automotive industry holding Rábaʼs after-tax profit climbed 14% to HUF 1.57 billion last year, boosted by higher revenues, a...

Ministry confirms HUF 192.8 bln deficit at end of January

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 192.8 billion deficit at the end of January, the...

Fresh milk sales growing after VAT slashed

Milk and dairy products represent a growing business at supermarket chains, with annual revenues reaching nearly HUF 40 billion, reports...

CIG Pannónia 2017 premium revenues lifted by MKB acquisition

Listed insurance company CIG Pannóniaʼs revenue from premiums rose 48% to HUF 26.0 billion in 2017, lifted by its acquisition...

MOL posts outstanding profit in fourth quarter

Hungarian oil and gas companyʼs fourth-quarter net income rose 76% year-on-year to HUF 76.6 billion, lifted by higher revenues and...

Wage growth reaches 13.5% y-o-y in December

Average gross nominal wages for full-time employees in Hungary rose 13.5% year-on-year to HUF 327,713 in December, the Central Statistical...

Tender leaves MNB FX swap stock unchanged

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) will stay unchanged at HUF 1.486 trillion...

UPC subscribers above 2 million in Hungary

Revenues of telecom service provider UPC Magyarország rose 9.7% last year, the company said yesterday. The company did not disclose...

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...

Net sales of retail govʼt securities top HUF 200 bln in January

Net sales of forint-denominated government securities targeted at retail investors came to HUF 204.8 billion in January, bringing the total...

Tender reduces MNB FX swap stock by HUF 25 bln

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) will fall by about HUF 25 bln...

Richter profit plummets on financial loss, taxes

Hungarian drugmaker Gedeon Richterʼs fourth-quarter net income fell 70% year-on-year to HUF 6.6 billion, dragged lower by a financial loss...