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• Business

  EMA accepts regulatory submission for Richter’s combined oral contraceptive

  

  Pharmaceutical company Gedeon Richter today announced that the European Medicines Agency (EMA) has accepted Richter’s regulatory submission for a combined oral contraceptive, containing estetrol (E4) and drospirenone. 

   Fri, Feb. 28, 2020, 13:40

  • EMA
  • Richter
  • contraceptive
  • drug
  • pharma
• Business

  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 of extraordinary items, CEO David Moucheron said on Thursday, according to a report by Hungarian news agency MTI.

   Fri, Feb. 28, 2020, 13:00

  • K&H
  • Bank
  • finance
  • profit
  • business
• Region

  German Neuraxpharm reinforces presence in Poland

  

  Neuraxpharm Group, a leading European specialty pharmaceutical company focused on the treatment of central nervous system (CNS) disorders, has announced the acquisition of Glenmark’s CNS product portfolio in Poland. 

   Fri, Feb. 28, 2020, 12:30

  • Poland
  • Germany
  • Neuraxpharm
  • Glenmark
  • CNS
• Whosnews

  Kapitány named president of the Hungarian Association of Executives

  

  István Kapitány, global executive vice president for Shell’s retail business was elected the new president of the Hungarian Association of Executives with 100% of the votes at the associationʼs extraordinary general meeting.

   Fri, Feb. 28, 2020, 12:05

  • Kapitány
  • Hungarian Association of Executives
  • appointment
• Economy

  GDP rises 4.9% in 2019

  

  The volume of gross domestic product was 4.5% higher in Hungary in the Q4 2019 than in the corresponding period of the previous year, with GDP growth for the whole year reaching 4.9%, according to a second reading of data by the Central Statistical Office (KSH).

   Fri, Feb. 28, 2020, 12:00

  • GDP
  • economy
  • KSH
  • growth
• Finance

  Forint reaches new low against euro

  

  The forint slipped as far as 340.69 against the euro - a new historical low - shortly after 9:00 am today, before edging up again, according to a report by state news wire MTI.

   Fri, Feb. 28, 2020, 11:30

  • Forint
  • Euro
  • Currency
  • Exchange
• Business

  NAV busts HUF 800 mln meat smuggler

  

  A man who allegedly cheated on VAT on meat imported from abroad caused the budget about HUF 800 million in lost tax damage, and the National Tax and Customs Administration (NAV) is proposing to prosecute him, writes origo.hu.

   Fri, Feb. 28, 2020, 11:00

  • NAV
  • meat
  • smuggling
  • crime
• Region

  EIB Group support for projects in the Czech Republic doubled in 2019

  

  Last year, the European Investment Bank Group, which consists of the European Investment Bank (EIB) and the European Investment Fund (EIF), provided loans, guarantees and equity worth EUR 1.49 billion in the Czech Republic. 

   Fri, Feb. 28, 2020, 10:30

  • Czech
  • EIB
  • EIF
  • funds
• Business

  Record EUR 3.7 bln sales at Mercedes Kecskemét

  

  Mercedes-Benz continues to squeeze everything out of its plant in Kecskemét (90 km southeast of Budapest), with nearly 190,000 cars rolling off the production line last year, bringing the Hungarian unit’s sales to EUR 3.7 billion, a new record, writes portfolio.hu.

   Fri, Feb. 28, 2020, 09:45

  • Mercedes
  • Kecskemét
  • automotive
  • cars
  • sales
• Energy/environment

  Environmental protection expenditure below EU average

  

  The ratio of government environmental protection expenditure to GDP stood at 0.4% in Hungary in 2018, well below the EU average, according to data by statistical agency Eurostat.

   Fri, Feb. 28, 2020, 09:00

  • Environment
  • expenditure
  • Eurostat
  • GDP