Telco

Telco

MKB Bank H1 profit plunges 55%

First-half after-tax profit of Hungaryʼs MKB Bank dropped 55% year-on-year to HUF 8.2 billion, an earnings report released early Thursday...

Telco

Insurer CIG Pannónia posts H1 loss with one-offs

Listed insurer CIG Pannónia posted a HUF 610 million loss after tax in the first half of 2019, against after-tax...

Telco

Higher turnover, lower costs lift ANY H1 earnings

First-half net income of bourse-listed ANY Security Printing Company Nyrt. rose 4.4% year-on-year to HUF 652 million as revenues climbed...

Telco

Baromfi-Coop inaugurates poultry manure processing plant

Poultry breeder Baromfi-Coop, a member of the Master Good group, inaugurated a HUF 2.6 billion plant processing 60,000 tonnes of...

Telco

Around 20% of Hungarian lifts need replacing

Some 6,000 passenger elevators in Hungary should be replaced for maintenance, meaning around 20% of all such machinery in use...

Telco

Banking sector liquidity up in July

Forint liquidity of Hungaryʼs banking sector rose in July from a month earlier, which was particularly reflected in an increase...

Telco

Lidl raises watermelon price after criticism

Retail supermarket chain Lidl raised the price of watermelon to HUF 119/kg last weekend, caving in to pressure from the...

Telco

Acquisitions boost OTP Bank earnings in second quarter

Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 18% year-on-year to HUF 105.4 billion, boosted by the...

Telco

General govʼt deficit reaches 35.3% of full-year target

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 352.7 billion deficit at the end of July, thus...

Telco

MTel cuts costs, but financial loss, taxes hit earnings

Second-quarter net income of blue chip Magyar Telekom (MTel) dropped 2.6% year-on-year to HUF 13.4 billion as financial losses and...

Telco

Tax changes weigh on Zwack profit

After-tax profit of Zwack Unicum, Hungaryʼs biggest spirits company, plunged 53% to HUF 231 million in the first quarter of...

Telco

Richter earnings drop on lower margins and financial gains

Second-quarter net income of Hungarian pharmaceutical company Gedeon Richter fell 28% year-on-year to HUF 17.5 billion as margins narrowed and...

Telco

MOL Q2 net income up 7% y-o-y

Second-quarter net income of Hungarian oil and gas company MOL rose 7% year-on-year to HUF 77.8 billion, as it booked...

Telco

Est Media to acquire Delta Systems

Listed holding company Est Media Nyrt. revealed Tuesday it has signed a binding contract to acquire 100% of IT company...

Telco

Gross wages up 11.2% y-o-y in May

The average gross monthly wage for full-time workers in Hungary rose 11.2% year-on-year to HUF 364,400 in May, the Central...

Telco

MKB Bank H1 profit plunges 55%

First-half after-tax profit of Hungaryʼs MKB Bank dropped 55% year-on-year to HUF 8.2 billion, an earnings report released early Thursday...

Telco

Insurer CIG Pannónia posts H1 loss with one-offs

Listed insurer CIG Pannónia posted a HUF 610 million loss after tax in the first half of 2019, against after-tax...

Telco

Higher turnover, lower costs lift ANY H1 earnings

First-half net income of bourse-listed ANY Security Printing Company Nyrt. rose 4.4% year-on-year to HUF 652 million as revenues climbed...

Telco

Baromfi-Coop inaugurates poultry manure processing plant

Poultry breeder Baromfi-Coop, a member of the Master Good group, inaugurated a HUF 2.6 billion plant processing 60,000 tonnes of...

Telco

Around 20% of Hungarian lifts need replacing

Some 6,000 passenger elevators in Hungary should be replaced for maintenance, meaning around 20% of all such machinery in use...

Telco

Banking sector liquidity up in July

Forint liquidity of Hungaryʼs banking sector rose in July from a month earlier, which was particularly reflected in an increase...

Telco

Lidl raises watermelon price after criticism

Retail supermarket chain Lidl raised the price of watermelon to HUF 119/kg last weekend, caving in to pressure from the...

Telco

Acquisitions boost OTP Bank earnings in second quarter

Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 18% year-on-year to HUF 105.4 billion, boosted by the...

Telco

General govʼt deficit reaches 35.3% of full-year target

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 352.7 billion deficit at the end of July, thus...

Telco

MTel cuts costs, but financial loss, taxes hit earnings

Second-quarter net income of blue chip Magyar Telekom (MTel) dropped 2.6% year-on-year to HUF 13.4 billion as financial losses and...

Telco

Tax changes weigh on Zwack profit

After-tax profit of Zwack Unicum, Hungaryʼs biggest spirits company, plunged 53% to HUF 231 million in the first quarter of...

Telco

Richter earnings drop on lower margins and financial gains

Second-quarter net income of Hungarian pharmaceutical company Gedeon Richter fell 28% year-on-year to HUF 17.5 billion as margins narrowed and...

Telco

MOL Q2 net income up 7% y-o-y

Second-quarter net income of Hungarian oil and gas company MOL rose 7% year-on-year to HUF 77.8 billion, as it booked...

Telco

Est Media to acquire Delta Systems

Listed holding company Est Media Nyrt. revealed Tuesday it has signed a binding contract to acquire 100% of IT company...

Telco

Gross wages up 11.2% y-o-y in May

The average gross monthly wage for full-time workers in Hungary rose 11.2% year-on-year to HUF 364,400 in May, the Central...

MKB Bank H1 profit plunges 55%

First-half after-tax profit of Hungaryʼs MKB Bank dropped 55% year-on-year to HUF 8.2 billion, an earnings report released early Thursday...

Insurer CIG Pannónia posts H1 loss with one-offs

Listed insurer CIG Pannónia posted a HUF 610 million loss after tax in the first half of 2019, against after-tax...

Higher turnover, lower costs lift ANY H1 earnings

First-half net income of bourse-listed ANY Security Printing Company Nyrt. rose 4.4% year-on-year to HUF 652 million as revenues climbed...

Baromfi-Coop inaugurates poultry manure processing plant

Poultry breeder Baromfi-Coop, a member of the Master Good group, inaugurated a HUF 2.6 billion plant processing 60,000 tonnes of...

Around 20% of Hungarian lifts need replacing

Some 6,000 passenger elevators in Hungary should be replaced for maintenance, meaning around 20% of all such machinery in use...

Banking sector liquidity up in July

Forint liquidity of Hungaryʼs banking sector rose in July from a month earlier, which was particularly reflected in an increase...

Lidl raises watermelon price after criticism

Retail supermarket chain Lidl raised the price of watermelon to HUF 119/kg last weekend, caving in to pressure from the...

Acquisitions boost OTP Bank earnings in second quarter

Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 18% year-on-year to HUF 105.4 billion, boosted by the...

General govʼt deficit reaches 35.3% of full-year target

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 352.7 billion deficit at the end of July, thus...

MTel cuts costs, but financial loss, taxes hit earnings

Second-quarter net income of blue chip Magyar Telekom (MTel) dropped 2.6% year-on-year to HUF 13.4 billion as financial losses and...

Tax changes weigh on Zwack profit

After-tax profit of Zwack Unicum, Hungaryʼs biggest spirits company, plunged 53% to HUF 231 million in the first quarter of...

Richter earnings drop on lower margins and financial gains

Second-quarter net income of Hungarian pharmaceutical company Gedeon Richter fell 28% year-on-year to HUF 17.5 billion as margins narrowed and...

MOL Q2 net income up 7% y-o-y

Second-quarter net income of Hungarian oil and gas company MOL rose 7% year-on-year to HUF 77.8 billion, as it booked...

Est Media to acquire Delta Systems

Listed holding company Est Media Nyrt. revealed Tuesday it has signed a binding contract to acquire 100% of IT company...

Gross wages up 11.2% y-o-y in May

The average gross monthly wage for full-time workers in Hungary rose 11.2% year-on-year to HUF 364,400 in May, the Central...