Net lending of households was equivalent to 5.8% (HUF 2,283 bn) of quarterly GDP in the four quarters to Q2 2018 and to 6.3% (HUF…

Hungary’s general government consolidated gross debt stood at 74.5% of GDP at the end of the second quarter, the third quarter in a row when…

HUMANsoft, a dully owned subsidiary of publicly traded IT group 4iG, has signed an EUR 5 mn (HUF 1.6 bn) deal to supply IT equipment…

Labour shortage in the cleaning industry, which employs upwards of 50,000 people, is at least 20%,Világgazdaság reported on Friday. Labour shortage has been a problem…

The share of property funds in the domestic investment market grew to 20.7% in July as assets managed by investment funds in Hungary neared HUF…

Hungarian pensioners can expect a so-called pension premium if economic growth makes it possible, the Finance Ministry told state news wire MTI on Thursday. The…

Hungary’s Government Debt Management Agency (ÁKK) allotted 61.5 billion worth of government bonds at its biweekly auctions on Thursday instead of the planned HUF 50…

Sales at Hungarian fuel stations continued to grow in the first half as motorists bought 8.2% more fuel than in H1 2017, the Hungarian Petroleum…

Corporate lending is at a new peak as the stock of debt owed by domestic businesses grew nearly 15% over a year to the highest…

It is unacceptable for the government to announce a 15 to 20% cut in central public administration headcount without prior talks and impact studies, the…

Hungarian oil and gas group Mol is to raise the wholesale list price of diesel fuel by HUF 3 per litre on Friday, while leaving…

Hungarian oil and gas group Mol is to raise the wholesale list price of diesel fuel by HUF 3 per litre on Friday, while leaving…

Hungaryʼs net external financing capacity – the combined surpluses of the current and capital accounts – was EUR 1.38 billion in the second quarter of…

Hungary’s Paks nuclear power plant on Tuesday said it had lowered output of one of its four blocks due to an unspecified electrical malfunctioning, according…

Hungary will ban the use of products from Kaspersky Lab, a Russian company accused of using its software to spy on U.S. government agencies, on…

The stock of shares owned by households rose 1.6% in June from the end of May to HUF 585.9 bn and was more than 44%…

The government of Hungary is planning to reduce headcount in the public administration from the current 14,000, with an estimated 15 to 20% of jobs…

The performance of the Hungarian economy was 0.9% higher in the second quarter than in the first three months of 2018, the Central Statistical Office…

The National Bank of Hungary (MNB) has allotted HUF 75 billion of swaps against euros at a fine-tuning tender on Monday, keeping the total stock…

Mortgage Bank Takarék Jelzálogbank (formerly FHB) sold HUF 18 bn worth of its 10-year covered mortgage bonds at today’s auction, the bank announced. Takarék, the…

The total amount financed in the Hungarian leasing market was HUF 329 bn, up 18% from a year earlier. The Hungarian Leasing Association attributes the…

80% of Hungarian pensioners would not undertake income-generating activities at all, while 11% would prefer a part-time job, according to a representative survey by economic…

In June 2018, the volume of industrial output grew by 4.2% year-on-year, the Central Statistical Office (KSH) said on Monday. Based on working-day adjusted data,…

The growth of the Hungarian economy may have begun to slow in the second quarter, but GDP growth could still have been above 4%, according…

Wages in Hungary’s healthcare sector rose 20% over a year, Magyar Idők reported on Friday. Looking behind the numbers, we see that dynamic growth has…

There is currently a boom in refrigerator sales, according to a joint market survey by economic think tank GKI and electronics retailer Euronics published on…

OTP Bank had consolidated after-tax profit of HUF 89.5 bn in the second quarter, its best ever quarter, the company announced at the Budapest Stock…

The volume of construction output was 28.2% higher in June 2018 than a year earlier based on raw data, the Central Statistical Office (KSH) said…

Two major credit rating agencies may review Hungary’s rating before the end of August. A top official of the National Bank of Hungary (MNB) recently…

In June 2018, the number of nights spent by international tourists decreased by 1% and that of nights spent by domestic tourists increased by 0.2%…

Hungary’s foreign trade surplus amounted to EUR 1,070 million in June, with exports at a historic high and trade in both directions growing dynamically, figures…

Cryptocurrencies do not qualify as legal tender, electronic cash, financial instrument, or cash equivalent, Hungary’s Finance Ministry said in a written statement sent to online…

Magyar Telekom, Hungary’s leading telecommunications group, has reported higher-than-expected revenues and in-line EBITDA for the second quarter of 2018. Magyar Telekom published its Q2… Powered…

The Hungarian government has recently made a big deal out of pre-financing EU projects from public funds, and it has not been spending like there’s…

Despite its initial hesitance Malta has joined the European Public Prosecutor’s Office (EPPO) as the 22nd member, the European Commission announced on Tuesday. The addition…

Consumer prices rose 3.4% year on year in Hungary in July, the Central Statistical Office (KSH) reported on Wednesday. Analysts polled by Portfolio projected 3.3%…

The deficit of the Hungarian budget was not outstanding (HUF 70 bn) in July, but the cumulated balance is now close to HUF 1,500 billion….

Magyar Telekom, Hungary’s leading telecommunications group, is set to release its earnings report for the second quarter of 2018 on Wednesday. Analysts polled by Portfolio…

It would not come as a surprise if Hungary’s cash flow-based budget deficit exceeded the target at the end of the year, but that would…

Hungary’s inflation picked up to 3.3% year on year in July from 3.1% in June, project analysts polled by Portfolio. Although fuel prices were the…

Hungary’s Government Debt Management Agency (ÁKK) allotted 50 billion forints worth of 3-month discount Treasury Bills at its weekly auction on Tuesday, instead of the…

The volume of Hungary’s industrial production decreased by 1.2% month on month in June. IP was up by a modest 3.1% in annual terms, the…

Turnover was weak on the Budapest Stock Exchange (BSE) in July. Several brokerages saw their turnover drop to the half or the third of the…

Hungary’s forint reached its strongest level of the last 1.5 months when it crossed south of 320 last Friday and its started Monday’s session there,…

Hungary’s forint reached its strongest level of the last 1.5 months when it crossed south of 320 last Friday and its started Monday’s session there,…

The number of applications for international protection lodged in the EU+ in June 2018 registered a slight decrease compared to the previous month, and there…

Hungarian oil and gas group Mol is to lower the wholesale list price of 95-octane gasoline by 2 forints and the price of diesel by…

Another credit rating upgrade is due for Hungary and it may receive it as soon as next week, central bank (MNB) Deputy Governor Márton Nagy…

Hungary’s forint reached its strongest level of the last 1.5 months when it crossed south of 320 last Friday and its started Monday’s session there,…

Moody’s Investors Service has upgraded Erste Bank Hungary’s ratings on Friday. Moody’s as upgraded Erste Bank Hungary’s long-term and short-term local-currency bank deposit… Powered by…

The key macroeconomic release in Hungary this week will be the July inflation data by the Central Statistical Office (KSH) on Wednesday. The CPI print…

Hungary’s forint has opened the week south of 320 versus the euro, maintaining its strength obtained on Friday. The US dollar is on the way…

Hungary’s OTP Bank is on the right track to see through the management’s plans. They set the goal of buying five banks in two years,…

Although retail sales growth in Hungary edged lower to 6.1% year on year in June from 7.7% in May, this marks only the return to…

Hungarian fuels group Mol reported better-than-expected profit figures for the second quarter of 2018. Its Clean CCS EBITDA, the item most closely watched in the…

Hungary’s Government Debt Management Agency (ÁKK) allotted 63.5 billion worth of government bonds at its biweekly auctions on Thursday instead of the planned HUF 50…

The Brexit train has picked up speed over the last few weeks, as the British government has finally tabled its exit plan. It was, however,…

Gedeon Richter, Hungary’s leading pharmaceutical manufacturer, has published higher-than-expected numbers on its key profit rows in its earnings report for the second quarter of 2018…

Hungarian fuels group Mol and German recycling technology company APK have signed a strategic co-operation agreement in Merseburg on Wednesday, aspiring “to become leaders in…

Rumours that surfaced on Wednesday have proven correct: Hungary’s OTP Bank has signed an agreement with Societe Generale to buy its Bulgarian assets, as well…

Gedeon Richter, Hungary’s leading pharmaceutical producer, is set to release its earnings report for the second quarter of 2018 early on Thursday. Analysts are split…

Residential property prices in Hungary rose by an average of 5.4% in nominal terms in the first quarter of 2018 over Q4 2017, according to…

After meaningful appreciation on Tuesday, the forint has eased on Wednesday versus the euro, and so it drifted further from a psychological level at 320….

PPF announced at the end of March that it is taking over the telecommunication assets of Telenor in Central and Eastern Europe, specifically in Bulgaria,…

Hungary’s manufacturing purchasing manager index (PMI) edged up to 53.1 points in July from 52.9 in June, the Hungarian Association of Logistics, Purchasing and Inventory…

Hungarian oil and gas group Mol has raised the wholesale list price of 95-octane gasoline by 5 forints and the price of diesel by HUF…

While the question on Tuesday was whether the forint is able to cross the support at 322 versus the euro or not, while it is…

Hungary’s listed companies are to soon start publishing their second-quarter earnings reports. Richter is the first in line early on Thursday, to be followed by…

Hungary’s forint moved to stronger levels versus the euro on Tuesday morning and crossed south of 321, which marks a 1.5-month high. Meanwhile, the euro…

Hungary’s Government Debt Management Agency (ÁKK) allotted 60 billion forints worth of 3-month discount Treasury Bills at its weekly auction on Tuesday instead of the…

Hungary’s forint moved to stronger levels versus the euro on Tuesday morning and crossed south of 321, which marks a 1.5-month high. Meanwhile, the euro…

German carmaker BMW is to build a manufacturing plant in Debrecen, eastern Hungary, the Minister of Foreign Affairs and Trade announced on Tuesday. Here’s the…

Hungarian oil and gas group Mol has acquired a majority shareholding in busmaker ITK Holding Zrt., which is headquartered in Budapest and operates a plant…

Hungary’s forint is virtually glued to 321.6 versus the euro. It has hardly moved from there since Monday afternoon, and that is why this level…

Hungary’s national institutions have completed the public health programmes, local daily newspaper Népszava reported on Tuesday. These will be tabled at the Ministry of Human…

Gedeon Richter, Hungary’s leading pharmaceutical producer, has announced on Monday that the European Commission implemented a decision concerning the marketing authorisations of Esmya, one of……

Hungary’s forint kicked off this week by firming against the euro and the cross is already around 322. Meanwhile, the euro starts the week close…

Physical workers, skilled and semi-skilled employees, earned gross 1,000 forints per hour on average in Hungary in the second quarter of 2018, Trenkwalder found by…

A total of 6,517 new dwellings were built in Hungary in the first half of 2018, 30% more than a year earlier. Based on issued…

Hungarian markets were keeping a close eye on the National Bank of Hungary (MNB) and the European Central Bank (ECB) last week, but it would…

Ryanair has cancelled three of its flights flying from Budapest on the weekend without notifying passengers in advance. On Saturday, it cancelled the flights to…

Up to 600,000 Hungarians are estimated to live abroad and almost as many of them plan to leave the country within a few years, shows…

Companies are faced with countless situations where, for reasons beyond their control, they are unable to collect the money owed to them, including its VAT…

The rate of unemployment dropped to 3.6% in Hungary, while the employment rate reached the magic 60% in the 15-74 age group. The Q2 employment…

The days of the European Commission are numbered, its mandate expires next May, said Hungary’s Prime Minister Viktor Orbán in an interview with public radio…

Two ministers of Hungarian Prime Minister Viktor Orbán’s cabinet have slammed the weak competitiveness of local corporates in their presentation in Tusnádfürdő (Baile Tusnad, Romania)…

Hungarian fuels group Mol is set to release its earnings report for the second-quarter of 2018 next Friday (3 Auugust). According to analysts’ consensus estimate,…

While July has brought some serenity into the life of Hungary’s forint, there are still major short HUF positions on the market: about 800 billion…

Hungary’s Government Debt Management Agency (ÁKK) allotted HUF 45 billion worth of 12-month discount Treasury Bills at its biweekly auction on Thursday, instead of the…

7,060 children were born in Hungary in May, 566 or 7.4% fewer than in the same month of 2017, the Central Statistical Office (KSH) reported…

Four more Galileo satellites were successfully launched on Wednesday. Now with a constellation of 26 satellites, the EU’s global satellite navigation system will provide a…

Hungary’s forint starts the day at around 325 versus the euro on Thursday, slightly firmer than its closing level on Wednesday. Turkey’s lira depreciated against…

In line with the market consensus, the Monetary Council of Hungary’s central bank did not modify interest rates, leaving on hold the base rate (0.9%),…

Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline and diesel by HUF 3 per litre on Friday….

For the first time ever, the fleet of Hungarian low-cost carrier Wizz Air counts more than 102 aircraft. This was the end-Q1 reading, but by…

Hungary-based low-cost airline Wizz Air has reported growth again for the first quarter of FY2019. Revenues were up by one fifth, as the carrier expanded…

Employers in Hungary continue to believe that 100,000 people should be let go from the public sector in order to ease the shortage of labour….

Ryanair has cancelled its flight between Budapest and Barcelona on Wednesday evening. The Irish discount carrier has announced earlier that it was gearing up for…

Hungarian private equity firm Lead Ventures is looking to invest 100 million euros in the next five years to support the growth of game-changing companies…

It is important to recognise that the European Commission has taken an unprecedented measure to limit financial losses for member states and without these Hungary…

The Monetary Council of the Hungarian central bank (MNB) said it would ensure the maintenance of loose monetary conditions by using the current set of…

Investors will be watching Hungary’s central bank (MNB) closely today. The million dollar question for the monthly policy meeting is whether or not the rate-setters…

As expected, the Monetary Council of the National Bank of Hungary (MNB) has not changed either its “benchmark” policy rate (0.9%), or the overnight deposit…

Hungary will raise the CSOK grant ((Family Housing Allowance Programme) in settlements with fewer than 5,000 inhabitants, the minister leading the Prime Minister’s Office announced…

Hungary’s state-run railway company MÁV has 2,260 passenger trains with 175,000 seats. Their average age is 35 years, but some are older than 50, the…

Investors will be watching Hungary’s central bank (MNB) closely today. The million dollar question for the monthly policy meeting is whether or not the rate-setters…

Hungary’s OTP Bank is to report exceptionally high 84 billion profit for the second quarter of 2018, HSBC projected on Monday. A quarterly profit of…

Although the National Bank of Hungary (MNB) managed to get through the end-June plummet of the forint without jettisoning its stance and throwing in the…

Hungary’s forint kicks off the week north of 325 versus the euro, after it recovered on Friday from around 327. The US dollar has failed…

After its historic peak in June, the economic sentiment index of Hungarian think tank GKI rose further in July. According to an empirical survey conducted…

The most important (scheduled) events this week will be two central bank meetings. In Hungary, the key event is the MNB policy meeting on Tuesday….

HSBC has lowered its target price for Hungary’s OTP, but the new TP is still a lot higher than the banking paper’s current share price….

Hungary’s forint kicks off the week north of 325 versus the euro, after it recovered on Friday from around 327. The US dollar has failed…

R-Kord Ltd., a company linked to Lőrinc Mészáros, a gas-fitter turned billionaire and a key ally of Prime Minister Viktor Orbán, won a procurement procedure…

The European Commission has decided on supporting a fifth major transport development project of Hungary on Friday. The EU executive announced that 193 million euros…

Hungary’s forint eased to 327 versus the euro on late on Thursday and a new all-time low is merely a step away from there. The…

Hungary’s forint eased to 327 versus the euro on late on Thursday and a new all-time low is merely a step away from there. The…

The calm period that kept Hungary’s forint between 305 and 315 versus the euro has come to an end, said Finance Minister Mihály Varga. A…

Average gross earnings in Hungary rose by 10.9% year on year in May 2018, the Central Statistical Office (KSH) reported on Friday. Wages in the…

The crucial role of the auto industry plays in the Hungarian economy and the country’s deep integration in the European Union automotive value chain would…