The EU remains an attractive destination for Chinese tourists, and while the U.K. is still the most popular looking at sheer numbers, Hungaryʼs 25.1% growth in arrivals in 2018 puts the country in third place in terms of relative growth, according to a press release from air travel analyst ForwardKeys.
Fourth-quarter after-tax profit of Magyar Telekom (MTel) rose 49% year-on-year to HUF 7.7 billion, supported by higher sales and one-off revenue from the sale of the telcoʼs old headquarters, according to an earnings report released late Wednesday, state news agency MTI reported.
With the latest inflation data having been released by the Central Statistical Office (KSH), we could see the start of a tightening cycle as early as in March, some analysts say. Others, however, argue that the Monetary Council might consider a later start, as headline inflation is below the central bank’s target. Core inflation, on the other hand, jumped to 3.2%, a surprise to analysts.
The European Federation of Academies of Sciences and Humanities (ALLEA) has repeated its call to protect the institutional autonomy and academic freedom of the Hungarian Academy of Sciences (MTA), expressing solidarity with its member academy and calling for support of all researchers and staff affiliated with the MTA.
Standard & Poor’s Global Ratings, one of the three big ratings agencies, has upgraded Hungary’s sovereign rating to "BBB," two notches over the investment grade threshold, with a "stable" outlook, state news wire MTI reported late Friday evening.