Telco

Telco

Castle and palace renovation program to start this year

By the end of this year, restoration work on 15 castles and palaces in Hungary will begin, according to the...

Telco

K&H net income edges down on base effect of VISA sale

K&H Bank, owned by KBC Bank of Belgium, had first-half net income of HUF 22.5 billion, down 2.1% from the...

Telco

Hungarians love shopping abroad

A growing number of Hungarians do their shopping in neighboring countries and the amount of money they spend abroad is...

Telco

Corporate lending stock of Hungarian banks up in July

The corporate lending stock of Hungarian banks rose slightly from the previous month in July, as net corporate borrowing more...

Telco

Government expands electric vehicle subsidies

The government is raising the electric vehicle subsidy threshold for corporate fleets from five to 35 vehicles, István Lepsényi, state...

Telco

Govʼt raises capital of Széchenyi Venture Capital Fund

Hungaryʼs government has raised the capital of the EU-supported Széchenyi Venture Capital Fund, established by the state to invest in...

Telco

Banking sector profitability slightly up in H1

Hungarian banksʼ combined after-tax profits at the end of the first half of 2017 came to HUF 362.9 billion, compared...

Telco

Dunaferr on right track to achieve production plans

Hungarian steel maker ISD Dunaferr, which has been struggling for a long time to become profitable, recently reported that it...

Telco

Rába posts revenues of HUF 21.6 bln in first half

Hungarian automotive industry concern Rába recorded revenues of HUF 21.6 billion in the first half of 2017, up 5.4% from...

Telco

Univer inaugurates giant tomato-processing plant

Hungarian condiments maker Univer Product Zrt. (based in Kecskemét, central Hungary) inaugurated a HUF 4.3 billion tomato processing plant Thursday,...

Telco

Three-month MNB depo stock cut by HUF 50 bln to HUF 450 bln

The National Bank of Hungary (MNB) accepted placements of HUF 125 billion in its three-month deposit facility at a tender...

Telco

Old HUF 1,000 bill to be withdrawn by November 2018

A new HUF 1,000 bill with enhanced security features will become legal tender tomorrow, but will only enter into circulation...

Telco

Hungariansʼ gross wages climb 14.4% in June

In June 2017, average gross nominal monthly earnings amounted to HUF 297,300, 14.4% higher than a year earlier, the Central...

Telco

HUF 100 bln EUR/HUF swap keeps outstanding stock unchanged

The National Bank of Hungary (MNB) allotted HUF 100 billion of one-month forint swaps against euros, in line with expiries,...

Telco

Budapest Bank profit drops, total assets rise in H1

Hungaryʼs state-owned Budapest Bank groupʼs first-half after-tax profit dropped 29% to HUF 9.9 billion, while total assets rose 5% to...

Telco

Castle and palace renovation program to start this year

By the end of this year, restoration work on 15 castles and palaces in Hungary will begin, according to the...

Telco

K&H net income edges down on base effect of VISA sale

K&H Bank, owned by KBC Bank of Belgium, had first-half net income of HUF 22.5 billion, down 2.1% from the...

Telco

Hungarians love shopping abroad

A growing number of Hungarians do their shopping in neighboring countries and the amount of money they spend abroad is...

Telco

Corporate lending stock of Hungarian banks up in July

The corporate lending stock of Hungarian banks rose slightly from the previous month in July, as net corporate borrowing more...

Telco

Government expands electric vehicle subsidies

The government is raising the electric vehicle subsidy threshold for corporate fleets from five to 35 vehicles, István Lepsényi, state...

Telco

Govʼt raises capital of Széchenyi Venture Capital Fund

Hungaryʼs government has raised the capital of the EU-supported Széchenyi Venture Capital Fund, established by the state to invest in...

Telco

Banking sector profitability slightly up in H1

Hungarian banksʼ combined after-tax profits at the end of the first half of 2017 came to HUF 362.9 billion, compared...

Telco

Dunaferr on right track to achieve production plans

Hungarian steel maker ISD Dunaferr, which has been struggling for a long time to become profitable, recently reported that it...

Telco

Rába posts revenues of HUF 21.6 bln in first half

Hungarian automotive industry concern Rába recorded revenues of HUF 21.6 billion in the first half of 2017, up 5.4% from...

Telco

Univer inaugurates giant tomato-processing plant

Hungarian condiments maker Univer Product Zrt. (based in Kecskemét, central Hungary) inaugurated a HUF 4.3 billion tomato processing plant Thursday,...

Telco

Three-month MNB depo stock cut by HUF 50 bln to HUF 450 bln

The National Bank of Hungary (MNB) accepted placements of HUF 125 billion in its three-month deposit facility at a tender...

Telco

Old HUF 1,000 bill to be withdrawn by November 2018

A new HUF 1,000 bill with enhanced security features will become legal tender tomorrow, but will only enter into circulation...

Telco

Hungariansʼ gross wages climb 14.4% in June

In June 2017, average gross nominal monthly earnings amounted to HUF 297,300, 14.4% higher than a year earlier, the Central...

Telco

HUF 100 bln EUR/HUF swap keeps outstanding stock unchanged

The National Bank of Hungary (MNB) allotted HUF 100 billion of one-month forint swaps against euros, in line with expiries,...

Telco

Budapest Bank profit drops, total assets rise in H1

Hungaryʼs state-owned Budapest Bank groupʼs first-half after-tax profit dropped 29% to HUF 9.9 billion, while total assets rose 5% to...

Castle and palace renovation program to start this year

By the end of this year, restoration work on 15 castles and palaces in Hungary will begin, according to the...

K&H net income edges down on base effect of VISA sale

K&H Bank, owned by KBC Bank of Belgium, had first-half net income of HUF 22.5 billion, down 2.1% from the...

Hungarians love shopping abroad

A growing number of Hungarians do their shopping in neighboring countries and the amount of money they spend abroad is...

Corporate lending stock of Hungarian banks up in July

The corporate lending stock of Hungarian banks rose slightly from the previous month in July, as net corporate borrowing more...

Government expands electric vehicle subsidies

The government is raising the electric vehicle subsidy threshold for corporate fleets from five to 35 vehicles, István Lepsényi, state...

Govʼt raises capital of Széchenyi Venture Capital Fund

Hungaryʼs government has raised the capital of the EU-supported Széchenyi Venture Capital Fund, established by the state to invest in...

Banking sector profitability slightly up in H1

Hungarian banksʼ combined after-tax profits at the end of the first half of 2017 came to HUF 362.9 billion, compared...

Dunaferr on right track to achieve production plans

Hungarian steel maker ISD Dunaferr, which has been struggling for a long time to become profitable, recently reported that it...

Rába posts revenues of HUF 21.6 bln in first half

Hungarian automotive industry concern Rába recorded revenues of HUF 21.6 billion in the first half of 2017, up 5.4% from...

Univer inaugurates giant tomato-processing plant

Hungarian condiments maker Univer Product Zrt. (based in Kecskemét, central Hungary) inaugurated a HUF 4.3 billion tomato processing plant Thursday,...

Three-month MNB depo stock cut by HUF 50 bln to HUF 450 bln

The National Bank of Hungary (MNB) accepted placements of HUF 125 billion in its three-month deposit facility at a tender...

Old HUF 1,000 bill to be withdrawn by November 2018

A new HUF 1,000 bill with enhanced security features will become legal tender tomorrow, but will only enter into circulation...

Hungariansʼ gross wages climb 14.4% in June

In June 2017, average gross nominal monthly earnings amounted to HUF 297,300, 14.4% higher than a year earlier, the Central...

HUF 100 bln EUR/HUF swap keeps outstanding stock unchanged

The National Bank of Hungary (MNB) allotted HUF 100 billion of one-month forint swaps against euros, in line with expiries,...

Budapest Bank profit drops, total assets rise in H1

Hungaryʼs state-owned Budapest Bank groupʼs first-half after-tax profit dropped 29% to HUF 9.9 billion, while total assets rose 5% to...