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• Business

  Two local startups win mentoring at EIT Health InnoStars Awards

  

  Two Hungarian startups - InSimu Patient and Sineko - were selected among 13 other teams to receive mentoring and training support to the value of EUR 25,000 at the third edition of the EIT Health InnoStars Awards competition, says a press release sent to the Budapest Business Journal.

   Wed, Aug. 21, 2019, 13:45

  • EIT
  • healthcare
  • InnoStars
  • startup
  • mentoring
  • award
  • InSimu Patient
  • Sineko
• Business

  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 and costs of sales fell, shows an earnings report released after the close of markets last Friday.

   Wed, Aug. 21, 2019, 12:50

  • ANY
  • earnings
  • turnover
  • security printing
  • BÉT
• Finance

  ÁKK sells 3-month T-bills as planned

  

  The Government Debt Management Agency (ÁKK) sold HUF 15.0 billion of discount three-month T-bills at auction on Wednesday, in line with the original offer.

   Wed, Aug. 21, 2019, 12:30

  • ÁKK
  • T-bill
  • auction
  • yield
• Economy

  Hungarian annual inflation in July second highest in EU

  

  While European Union annual inflation came to 1.4% in July, down from 1.6% in June, the second highest annual inflation rate at national level was registered in Hungary, at 3.3%, according to figures published by Eurostat, the EUʼs official statistical office.

   Wed, Aug. 21, 2019, 12:00

  • inflation
  • EU
  • Eurostat
  • economy
  • tobacco
  • services
• Politics

  Orbán, Merkel commemorate ’89 Freedom Picnic

  

  Hungarian Prime Minister Viktor Orbán and German Chancellor Angela Merkel sought to strike a conciliatory note, largely setting aside the frostier tones that have dominated their recent relations, as they commemorated the 30th anniversary of a key moment in Cold War history on Monday, according to an Associated Press report.

   Wed, Aug. 21, 2019, 10:42

  • Orbán
  • Merkel
  • iron curtain
  • communism
  • commemoration
  • freedom
  • Pan-European Picnic
• Economy

  State debt 68.7% of GDP at Q2 end

  

  Hungaryʼs state debt stood at 68.7% of GDP at the end of June, down from 70.0% of GDP at the end of March, the National Bank of Hungary (MNB) said on Wednesday concerning preliminary data of national financial accounts, state news wire MTI reported.

   Wed, Aug. 21, 2019, 10:09

  • MNB
  • state debt
  • Eximbank
  • GDP
  • Eurostat
• Business

  Richter launches biosimilar teriparatide in Europe

  

  Hungarian drugmaker Gedeon Richter announced that it has launched Terrosa in Europe, its biosimilar teriparatide used to treat osteoporosis, according to a press release sent to the Budapest Business Journal. 

   Wed, Aug. 21, 2019, 09:30

  • Richter
  • Terrosa
  • drug
  • medicine
  • health
  • hormone
  • osteoporosis
  • European Commission
  • CHMP
• Economy

  Farmer Expo draws 30,000 visitors

  

  Farmer Expo, the biggest agricultural and food industry fair in eastern Hungary, drew 30,000 to the campus of the Agricultural Research Institute and Farm of the University of Debrecen over four days on August 15-18, expo director László Vaszkó told state news agency MTI on Sunday.

   Wed, Aug. 21, 2019, 09:00

  • farm
  • agriculture
  • Debrecen
  • expo
• Economy

  Fitch affirms Hungary ‘BBB’ rating; outlook ‘stable’

  

  Fitch Ratings on Friday affirmed Hungaryʼs “BBB” sovereign rating, two notches over the investment grade threshold, with a “stable” outlook, Hungarian news agency MTI reported late Friday evening. While noting a deceleration in GDP growth in the second quarter, Fitch characterized growth as “still robust.”

   Sat, Aug. 17, 2019, 11:53

  • Fitch
  • sovereign rating
  • outlook
  • stable
  • investment grade
• Finance

  Global Finance names OTP best digital bank in Hungary

  

  Global Finance magazine has published its 2019 list of the best digital banks in the Central and East European region, naming OTP Bank “Best Digital Bank in Hungary” for the third time, says a press release sent to the Budapest Business Journal.

   Fri, Aug. 16, 2019, 18:15

  • OTP Bank
  • finance
  • online
  • internet
  • digital
  • Global Finance