Fourth-quarter net income of Hungarian oil and gas company MOL edged up 2% year-on-year to HUF 78 billion, an earnings report released early Friday shows, according to a report by state news wire MTI.
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.
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.
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.
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.