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• Business

  Kométa turnover exceeds HUF 43 bln in 2017

  

  As one of the countryʼs leading meat processing companies, Kométa 99 Zrt. (based in Kaposvár, SW Hungary), had turnover of more than HUF 43 billion in 2017, Managing Director Giacomo Pedranzini said on Tuesday.   

   Wed, Apr. 11, 2018, 10:22

  • kometa
  • meat
  • pork
  • processing
  • turnover
• Politics

  OSCE slams ‘xenophobic rhetoric’ of Hungary election

  

  Observers from the Organization for Security and Co-operation in Europe (OSCE) issued stern criticisms of Hungaryʼs parliamentary election process on Monday, which they said was "characterized by a pervasive overlap between state and ruling party resources, undermining contestants’ ability to compete on an equal basis."

   Tue, Apr. 10, 2018, 10:31

  • osce
  • xenophobic
  • election
  • bias
  • media
  • fidesz
  • observer
• Economy

  Retail trade sees 6.5% turnover rise in February

  

  In February 2018, the volume of sales in retail shops, according to both raw and calendar-adjusted data, grew by 6.5% compared to the same month last year, according to a first estimate of monthly retail data from the Central Statistical Office (KSH).  Sales growth slowed from 7.8% in January.

   Thu, Apr. 5, 2018, 10:24

  • retail
  • trade
  • turnover
  • sales
  • ksh
  • statistics
• Business

  IKEA turnover up 14% in last business year

  

  Home furnishings retailer IKEAʼs revenue in Hungary rose 14% year-on-year to HUF 61 billion in the business year ending August 31, the company said on Thursday. IKEA achieved the fifth highest growth in Hungary among its 29 markets.

   Thu, Feb. 22, 2018, 15:51

  • ikea
  • revenue
  • turnover
  • profit
  • home furnishings
• Business

  Opus shares up over 10% after equity boost annnouncement

  

  Holding company Opus Global on Thursday disclosed a plan to raise net assets by HUF 60-80 billion through the in-kind contribution of stakes in companies owned by the investor Lőrinc Mészáros and Status Energy Private Equity Fund. Opusʼs board wants to wind up the transactions by the end of June.

   Thu, Feb. 15, 2018, 14:36

  • opus global
  • meszaros
  • equity
  • share price
  • budapest stock exchange
• News

  BUX climbs back after Tuesday slump

  

  The Budapest Stock Exchangeʼs main BUX index finished up 2.3% at 39,698.10 yesterday as three of the bourseʼs four blue chips showed gains, after the index had slipped 2.42% on Tuesday. The BUX index stayed above the break-even mark all day.

   Thu, Feb. 8, 2018, 07:30

  • bux
  • bet
  • index
  • budapest stock exchange
  • stock market
• News

  BUX index tracks global stock market nosedive

  

  The Budapest Stock Exchangeʼs main BUX index was down 2.63% at 38,724.47 about 15 minutes after the opening bell on Tuesday, recovering somewhat to 38,875.05 at noon, in the wake of big declines on global equities markets, state news wire MTI reported.   

   Tue, Feb. 6, 2018, 11:10

  • bux
  • index
  • budapest stock exchange
  • stock market
• Business

  Budapest bourse turnover jumps sharply in January

  

  Share turnover on the Budapest Stock Exchange (BÉT) reached HUF 247.6 billion in January, up from HUF 193.3 bln in December and up almost 40% from HUF 177.1 bln in January 2017, a monthly report released by the bourse shows, cited by state news wire MTI.   

   Thu, Feb. 1, 2018, 14:32

  • bourse
  • budapest stock exchange
  • BET
  • turnover
• Business

  New issues, issuers key to stock exchange strategy in 2018

  

  The Budapest Stock Exchange (BÉT) needs new issues and new issuers as it continues to build up Hungaryʼs capital market, the bourseʼs Chairman-CEO Richárd Végh said at a press conference on Thursday, as summarized by state news agency MTI.   

   Thu, Jan. 18, 2018, 14:45

  • BÉT
  • BSE
  • stock exchange
  • strategy
  • issue
• Finance

  Budapest bourse to introduce mortgage bond indices

  

  The Budapest Stock Exchange (BSE, or BÉT using its Hungarian acronym) will launch three mortgage bond indices, unique in the region, from December, the bourse said yesterday, state news agency MTI reported.

   Fri, Dec. 1, 2017, 09:15

  • bse
  • BÉT
  • bourse
  • mortgage bond
  • index