Discount airlines Wizz Air and Ryanair have raised the fees on priority boarding and luggage. From now on demand will determine the price of baggage…

The Hungarian Postal Services (Magyar Posta) is streamlining its letter portfolio and raising prices as of 1 February. The move will mainly affect business customers,…

Stepping forward two places oil company Mol has become the most transparent Hungarian company listed on the Budapest Stock Exchange (BSE), taking over OTP and…

Russian President Vladimir Putin is going to pay a visit to Hungary also in 2019, local newspaper Népszava has learned from various independent sources on…

Hungarian oil and gas group Mol has raised the wholesale list price of diesel by HUF 3 per litre on Friday, while the price of…

The Audi Hungarian Independent Trade Union (AHFSZ) called a two-hour warning strike for Friday morning, after the strike committee unanimously rejected the wage increase offer…

Governments interfering with courts or failing to tackle fraud and corruption will risk suspension of EU funds, according to a draft law endorsed by MEPs…

FAG, part of Germany’s Schaeffler Group, a global automotive and industrial supplier, has set up a 25 billion forint (EUR 77.78 mn) bearing plant in…

Germany’s Eissmann, a leading automotive interior solutions supplier, has announced on Thursday the upcoming development of its Hungarian site. In the framework of the EUR…

Trade unions organising the strike stated that the ‘slave law’ is unacceptable, the 400-hour cap on annual overtime work and the 36-month reference period seriously…

Consultations started at public utility companies about wage convergence. Under a previously signed wage agreement, salaries would rise 5% at postal, railway, coach and water…

The Hungarian arm of German carmaker Audi would raise wages across the board by 20% over the next two years, announced the communications department of…

Although the passenger car market of the European Union has been growing constantly for 11 years, the increase was hardly detectable in 2018. The positive…

OTP has acquired the Bulgarian interest of Societe Generale at 1.0-1.5x book value. Rationalisation (i.e. the closure of branches) is about to begin there, with…

If Hungary’s core inflation reaches or exceeds 3.0%, the National Bank of Hungary (MNB) will have enough proof that monetary tightening needs to be started,…

The tax for small taxpayers (kata) is becoming increasingly popular in Hungary, the Finance Minister told a press conference on Wednesday. More than 315,000 businesses…

Hungary’s OTP Bank has announced on Wednesday that the financial closure of its Bulgarian acquisition has been completed. As a result of that, OTP acquired…

The Hungarian subsidiary of Swedish furniture and home accessories company posted 75.5 billion net revenue in its financial year 2018, which marks a 23.3% year-on-year…

Hungary’s public health product tax, dubbed chips tax, will bring the health care sector 57 billion forints this year, health care economist Tamás Joó told…

Hungary’s headline inflation decelerated to 2.7% in December 2018, in line with expectations, but core inflation picked up to 2.8% yr/yr from 2.6%. Here’s what…

The Audi Hungarian Independent Trade Union (AHFSZ) turned down the company’s latest wage hike proposal in a unanimous vote on Monday and formed a strike…

Inflation in Hungary decelerated further in December 2018, at least according to the headline figure published by the Central Statistical Office (KSH) on Tuesday. Meanwhile,…

Sberbank, the largest bank of Russia, increased its after-tax profit by over 20% year on year in 2018. The bank reported on Tuesday that its…

József Molnár, Group CEO of Hungarian energy company Mol, has announced he has exercised a cash-settled call option related to Mol ordinary shares under the…

The volume of Hungary’s construction sector output grew by 4.4% month on month in November 2018, the Central Statistical Office (KSH) reported on Tuesday. The…

Consumer prices in Hungary rose by 2.7% year on year in December 2018, the Central Statistical Office (KSH) reported on Tuesday. This marks a 0.4…

After the European Commission made it clear last week that Austria’s new rules on child allowance may be in infringement of European Union regulations, the…

Numerous economists have published their estimates and projections for 2019 at the end of 2018 and early this year, and some of the prognoses were…

Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline by HUF 4 litre and that of diesel by…

For the first time in the history of Hungary, the stock of currency in circulation exceeded 6 trillion forints, rising to HUF 6,117 billion by…

For the first time in the history of Hungary, the stock of currency in circulation exceeded 6 trillion forints, rising to HUF 6,117 billion by…

Hungary’s Szarvas Iron and Metal Works Zrt., which produces coffee makers and lamps also for Ikea, is in deep trouble. The company has laid off…

There are a few macroeconomic releases in the pipeline this week, but the United Kingdom will definitely steal the show. British MPs will have their…

“No surprise whatsoever should be expected,” replied Prime Minister Viktor Orbán to a question about the mandate of central bank (MNB) Governor György Matolcsy expiring…

Germany’s Bosch is to launch an investment project worth over 14 billion forints (EUR 43.56 million) at the Miskolc-based (northern Hungary) plant of Robert Bosch…

Hungary’s Finance Minister Mihály Varga and Péter Banai, state secretary in charge of public finances, have held a joint press conference about the country’s economic…

Hungary posted a budget surplus of nearly 400 billion forints in December 2018, Finance Ministry officials announced on Friday. This is the second-highest surplus for…

The number of passengers handled by Budapest Airport grew by 13.5% year on year in 2018 after an increase of 14.5% in 2017. This translates…

Vehicle sales grew further in Hungary in 2018. A total of 159,000new passenger cars and small utility vehicles were registered, while 17% of them were…

Spar Hungary has agreed with the Trade Union of Retail Employees (KASZ) on 2019 wages. Under the agreement, most of the company’s employees will have…

The Hungarian Academy of Sciences (HAS, or MTA in Hungarian) asked the Minister of Innovation and Technology at the end of 2018 to ensure uninterrupted…

Hungary’s Government Debt Management Agency (ÁKK) allotted HUF 40 billion worth of 12-month discount Treasury Bills at is biweekly auction on Thursday, while it sold…

Hungary’s finances are in order and in good hands, Hungary’s Prime Minister Viktor Orbán told journalists on Thursday. Key figures of 2018 The cabinet has…

Although the system load in nearly every period of 2018 – peak periods and periods with minimum power demand – exceeded the 2017 values, gross…

Spar Hungary is to follow Tesco’s footsteps and refrain from using its law-given right of passing out overtime work of up to 400 hours, pro-government…

After China’s Xi’an and India’s Ahmedabad, residential real estate prices grew the most in Budapest in the year to September 2018, according to the global…

The wage negotiating delegation of the Audi Hungarian Independent Trade Union (AHFSZ) has initiated the setting up of a strike committee. The wage negotiating delegation…

The Croatian government is amending the privatisation law regarding INA and giving up its special rights in the oil company, local daily newspaper Jutarnji List…

The Hungarian government has bought Golgotha (1886), a painting by Mihály Munkácsy, announced Lajos Kósa, member of the ruling Fidesz party, on Thursday, at a…

Hungary posted nearly half a billion euros worth of foreign trade surplus in November 2018, according to preliminary data published by the Central Statistical Office…

Hungary runs one of the highest ratios of cars running on petrol in the entire European Union, while the share of diesel-driven cars is among…

Hungarian oil and gas group Mol has lowered the wholesale list price of diesel by 4 forints per litre on Wednesday, while the price of…

The Hungarian arm of UK retail chain Tesco could be the first multinational company in the country to pledge to its 16,000 employees that it…

Hungary’s first so-called ‘Government Info’ session, where government officials inform journalists about the cabinet’s latest decisions, will be held in 2019 by Prime Minister… Powered…

Hundreds of billions of forints a year. That is how much additional revenue the Hungarian government’s new weapon against the black economy, real-time online invoice…

Seat delivered 10.5% more vehicles in 2018 than in 2017, which is the largest sales volume in the company’s 68-year history and exceeds the record…

Hungary’s Government Debt Management Agency (ÁKK) allotted 40 billion forints worth of 3-month discount Treasury Bills at its regular weekly auction on Tuesday, as planned….

Hungary’s industrial production decreased by 1.1% month on month in November, according to data adjusted seasonally and for working days, down from 2.0% in October,…

Although the 10,000 ‘dream number’ has not been reached in Hungary in 2018, there was a major rise in the number of passenger cars registered…

The European Commission transferred a total of 4.4 billion euros worth of development funds to Hungary in 2018, a government official announced on Monday. This…

The Hungarian Government and Tungsram have concluded a strategic partnership agreement on Monday. The agreement was signed by Minister of Foreign Affairs and Trade Péter…

We’re hereby ending the long-standing war of numbers and will show how many Hungarians officially work for minimum wage. A Finance Ministry obtained by Portfolio…

Hungarian oil and gas group Mol is to reduce the wholesale list price of diesel by 4 forints per litre on Wednesday, while the price…

Retail sales grew by 5.2% year on year in Hungary in November 2018, according to preliminary data adjusted for calendar effects, the Central Statistical Office…

We are going to learn this week about Hungary’s preliminary budget balance in December 2018 that will let us speculate about the full-year shortfall, as…

Our goal is to double to stock of retail government securities over the next five years, stated Hungary’s Finance Minister Mihály Varga last Friday. This…

Pensions will be raised by 2.7% in Hungary in 2019, and the higher sums will be transferred to bank accounts on 11 January and postmen…

Hungarian oil and gas group Mol has lowered the wholesale list price of 95-octane gasoline and diesel by HUF 10 per litre on Friday. The…

The Road Traffic Trade Union (KKSZ) representing the employees of coach company Volán find the 8% raise to the minimum wage unacceptable. It thinks that…

The last month of 2018 brought extraordinary days to capital markets. Markets overseas closed December considerably lower due to concerns about the prospects of economic…

Hungarian vehicle importers expect an 18% market growth in 2019, projecting that nearly 205,000 new vehicles will be registered in the country this year, said…

Hungarian vehicle importers expect an 18% market growth in 2019, projecting that nearly 205,000 new vehicles will be registered in the country this year, said…

Hungary’s Government Debt Management Agency (ÁKK) allotted 88.5 billion forints worth of government bonds at its biweekly auction on Thursday instead of the planned HUF…

The deficit of Hungary’s general government sector in January-September 2018 was 110 billion forints, representing 0.4% of GDP, the Central Statistical Office (KSH) reported on…

A total of 136,601 new passenger cars were registered in Hungary in 2018, 17.5% more than in 2017, Carinfo.hu reported to newswire MTI on the…

In line with the seasonal trends, turnover on the Budapest Stock Exchange (BSE) decreased in December 2018 compared to November, but the change was not…

The smaller the store the greater the pain it had to endure by the dynamic wage increase in Hungary over the last two years. And…

We have a number of important international economic indicators in the pipeline this short week that will show us what shape the world economy started…

Hungary’s Government Debt Management Agency (ÁKK) allotted 40 billion forints worth of 3-month discount Treasury Bills instead of the planned HUF 50 bn at its…

The outlook of Hungary’s manufacturing sector has improved in the last month of 2018. Hungary’s manufacturing purchasing manager index (PMI) rose to 54.2 points in…

Employment in Hungary has turned down in September-November from its 4.5 million all-time high, but this is no surprise considering seasonal factors. In the meantime,…

The wage boom in Hungary is unlikely to end in 2019, either, since an 8% hike to both the minimum wage and the wage minimum…

Employers and employees have three more days to come to an agreement, and the government would like the parties to make use of this time,…

Lőrinc Mészáros, the emerging business tycoon with close ties to Prime Minister Viktor Orbán, has replaced OTP Bank president Sándor Csányi at the top of…

No international foreign bond issues are expected for 2019, the Finance Ministry and the Government Debt Management Agency (ÁKK) said at a joint press conference…

The level of cyclical systemic risks is low, therefore increasing the countercyclical capital buffer is still not justified, the National Bank of Hungary (MNB) said…

Household consumption in Hungary remains high after Christmas, driven by end-of-year sales and preparations for New Year’s Eve, Magyar Idők reported. Calculations show that Hungarian…

The National Bank of Hungary (MNB) has amended the general government’s Maastricht debt at the end of the third quarter of 2018 to 72.4% of…

The family tax relief for families with two children will increase to HUF 40,000 a month from January, Katalin Novák, state secretary for family and…

Regular savings with a fixed interest rate that could exceed 10%, and deposit insurance to boot? Sounds like a dream, right? Well, until October 2018,…

The Government Debt Management Agency (ÁKK) sold HUF 37 billion worth of three-month treasury bills on Thursday as opposed to the originally planned HUF 50…

Péter Hornung, founder and board member of publicly traded property developer Graphisoft Park SE, transferred all of his 414,000 shares to trustee HFT Holding Zrt….

Hungary could have serious leeway in the budget in 2020 or 2021, according to the government’s own forecast. The question is, will this be used…

One of the most important economic events of 2018 in Hungary was the government announcing its plans after it had won the elections. The vision…

According to Portfolio’s estimates, more than 610,000 Hungarians were living abroad at the end of 2017. This means that net emigration continued, and as it…

Samsung SDI Hungary took out an EUR 200 million (nearly HUF 65 billion) loan from the local operation of Raiffeisen Bank for investments at its…

The government’s latest calculations indicate GDP growth could be 4.6% this year, exceeding expectations, the Finance Ministry said in a statement on Friday. The budget…

The European Commission has transferred a further HUF 91 billion to Hungary over the past two days, according to Portfolio’s calculations, on top of the…

Hungarian oil company Mol lowered the gross price of diesel fuel by HUF 3 on Friday, while leaving the price of 95-octane gasoline unchanged. Diesel…

The Hungarian Trade Union Confederation (MASZSZ) will organise a nationwide strike along with blockades, vice president Tamás Székely told InfoRádió after President János Áder signed…

President of the Republic János Áder on Thursday signed the recently passed, controversial amendment to the Labour Code into law, despite several calls to reject…

Airbus Defence and Space will install a Surface-to-Air Missile Operations Center (SAMOC) for the Hungarian Airforce, which will allow real-time coordination of Ground Based Air…

Daily power usage figure keep breaking records in December due to the cold weather, the Hungarian Independent Transmission Operator (Mavir) said on Thursday. Electricity consumption…

The National Bank of Hungary (MNB) has ordered the shares of Central European Gas Terminal (KEG) Nyrt., a company currently under liquidation, to be delisted…

Italy, Portugal and Hungary share sizeable credit challenges, Moody’s warned in a report published on Thursday. Hungary’s economic policy measures will likely be tested as…

OTP Bank has acquired a 100% stake in Societe Generale Banka Srbija and its affiliates, OTP announced on Thursday. SGS is the fourth largest bank…

Salaries in the private sector grew more than 11% year-on-year in October, with wage growth in the entire economy not far behind, but the growth…

Hungarian oil company Mol will lower the gross price of diesel fuel by HUF 3 as of Friday, while leaving the price of 95-octane gasoline…

The National Bank of Hungary (MNB) will launch an Innovation Financial Regulatory Sandbox in order to promote the expansion of fintech innovations in the finance…

Discount retailer Aldi and utility E.ON, both German-owned, signed a deal to install charging stations for electric cars in the parking lots of 123 Aldi…

The Hungarian Defense Ministry on Wednesday signed a deal for new tanks and self-propelled howitzers with Germany’s Krauss-Maffei Wegmann. Hungary will buy 44 tanks suited…

Publicly traded IT company OTT-One will create a protected, qualified server center, the company announced. The project, which is expected to be completed by Q2…

The economic sentiment index of Hungarian think tank GKI rose in December for the third month running after brief late summer lapse. According to the…

GDP growth in 2018 could reach 4.7%, the National Bank of Hungary (MNB) said in a statement on Tuesday. The figure had been adjusted from…

Core inflation is likely to continue to rise in the coming quarters, which the Council will assess in terms of the sustainable achievement of the…

As anticipated, the Monetary Council of the National Bank of Hungary (MNB) kept the benchmark interest rate at 0.9% at its rate-setting session on Tuesday….

As anticipated, the Monetary Council of the National Bank of Hungary (MNB) kept the benchmark interest rate at 0.9% at its rate-setting session on Tuesday….

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 32 billion worth of three-month treasury bills on Tuesday as opposed to the originally planned HUF 50…

The European Investment Bank (EIB) will provide a EUR 20 million venture debt loan to Hungarian tech company AImotive for research and development of its…

Japanese car maker Nissan will expand its only European business and financial services center in Budapest, Hungarian Foreign Minister Péter Szijjártó announced in Budapest on…