The stock of forint-based retail government securities was nearly HUF 8.500 bn at the end of July, the Finance Ministry said. This represents a HUF…

The stock of forint-based retail government securities was nearly HUF 8.500 bn at the end of July, the Finance Ministry said. This represents a HUF…

Hungary’s general government posted HUF 37.2 billion surplus in July 2019, the Finance Ministry announced on Friday. The central budget, excluding local government’s, had a…

The number of client accounts and the size of assets managed have increased greatly at Hungary’s State Treasury in the first six months of 2019….

Hungary’s forint hit a new 12-month low versus the euro and a 2.5-year low against the US dollar on Friday, i.e. its slide continues. The…

Hungary’s forint hit a new 12-month low versus the euro and a 2.5-year low against the US dollar on Friday, i.e. its slide continues. The…

In addition to the allocation of economic development EU funds gaining momentum in recent weeks, more than a dozen new calls to tender are expected…

Hungary’s forint eased to its lowest level this year versus the euro on Thursday and started Friday trading at 328. The question is whether it…

BMW and Daimler have recently announced that they are to join forces on automated driving, and German weekly business news magazine Wirtschaftswoche has learned that…

BMW and Daimler have recently announced that they are to join forces on automated driving, and German weekly business news magazine Wirtschaftswoche has learned that…

A Swiss fintech startup has boosted its value to over one billion U.S. dollars, and all with the help of private investors. It is now…

The National Bank of Hungary (MNB) launched its corporate bond programme in July 2019, in scope of which it is buying bonds issued by Hungarian…

Global property developer International Campus will enter the Hungarian market with the construction of two large private dormitories in Budapest. The two buildings, to be…

Two Hungarian teams of researchers won EUR 25,000 each at the third annual EIT Health InnoStars Awards startup competition: InSimu Ptient, which develops medical training…

The city of Mohács, South Hungary has built a HUF 680 million market hall to replace an earlier open-air market, Mayor József Szekó said. There…

A common solution to the chronic workforce shortage seen in the entire region nowadays is that one company provides labour to another. However, one should…

Gedeon Richter, Hungary’s leading pharmaceutical producer, has announced that BlackRock’s holding in the company decreased below the 5% threshold. Richter announced on Wednesday that… Powered…

The instruments that suffered the most due to the spin Hungary’s new retail government bond took households’ investments in the early summer were investment funds,…

Hungary’s general government gross debt declined to under 70% of gross domestic production, a level it has not been since before the country had taken…

Hungary’s postal service Magyar Posta is preparing to make an investment worth tens of billions of forints in package processing, the daily Világgazdaság reported. The…

Euro adoption in central and eastern European (CEE) countries would be positive for their sovereign creditworthiness, Fitch Ratings says in a new report. It added,…

Last week, EU member states have posted their latest GDP growth data, which revealed that growth was highest in Hungary both on a quarterly and…

In June, seasonally adjusted production in the construction sector remained unchanged in the euro area (EA19) compared with May and decreased by 0.3% in the…

Hungary’s macro calendar is not exactly packed this week, given that there will be only three working days due to a two-day holiday. On global…

Hungarians have never before withdrawn so much from real estate funds than in July 2019. According to the latest data, nearly 74 billion forints ended…

As the construction industry is growing at record pace, businesses in the sector are making substantial upgrades. Hungarian leasing companies financed HUF 14.35 bn in…

Over the last few years, we got used to credit rating agencies giving credit (no pun intended) for Hungary’s economic performance, and taking the country’s…

Hungary is lagging well behind the EU average in terms of forested areas even accounting for its small size, according to a Eurostat survey released…

Hungarian IT group 4iG has signed a high-value contract Budapest Bank on 14 August 2019, 4iG announced on the Budapest Stock Exchange website. The framework…

Hungarians-founded Commsignia, Inc., a market leader in V2X (Vehicle-to-Everything) solutions, announced the closing of a USD 11 million (cc. HUF 3.2 billion) fundraising round led…

Over the last few days, we have been witnessing a sharp decline in Hungarian yields on the secondary market, and the bond auction by the…

Both Fitch and S&P have the opportunity to review Hungary’s sovereign debt rating on 16 August. Despite some improvements in macro data, there is only…

László Diósi, who has been the head of OTP Bank’s Romanian subsidiary for 14 years, has been appointed Chairman of the Board of Directors at…

Hungary is in talks with Brazil to buy KC-390 medium-sized military transport aircraft, according to local papers, Hungarian news portal Jogalappal spotted. KC-390, a medium-weight,…

Banks across the globe have announced more than 48,500 job cuts this year as the outlook for the economy weakens, data collected by Bloomberg show….

The CE4 expanded at an average 4.1%oya rate in 2Q19, a similar pace to the past year or so, defying the Eurozone’s slowdown. Growth was…

The reference yield on Hungary’s 10-year benchmark government bond fell another 22 basis points to a new all-time low of 1.47% on Wednesday, data on…

Hungary’s showed the best economic performance in the European Union in the second quarter of 2019 both in annual and in quarterly terms, a report…

Measures taken by the government, including in particular the six-year wage agreement, the government’s competitiveness package, the support to Hungarian families to acquire homes, and…

Hungary is the first country in the CEE region to use Kryptor Gold, the most advanced screening robot, in its private healthcare after the Czeizel…

Negative yields on global government debt reveal a distorted market rather than the strength of a country’s economic profile, credit rating agency Fitch has warned….

Hungarian oil and gas group Mol has lowered the wholesale price of 95-octane gasoline by HUF 9 per litre and that of diesel fuel by…

The combination of a slow-down in state subsidies at home and an increased demand for solar power in Hungary is leading many Czech companies to…

Hungarian meat company Privát-Hús Ltd. has recently carried out a two billion forint complex property and technological development project to boost its output capacity, the…

Anyone using their smartphone while driving should be banned from traffic once and for all, traffic security expert Endre Dobrocsi said on public television M1…

The HUF 1,400 income from subscriptions of the Hungarian Government Security Plus (MÁP+) has not really been reflected in government account deposits at the National…

Hungary’s economic output grew by 4.7% year on year in the second quarter of 2019, according to the consensus forecast of analysts polled by Portfolio….

The volume of industrial production declined by 1.8% month on month in Hungary in June 2019, according to second estimate figures published by the Central…

Chinese investment in Europe has plummeted by 80% in the first half of the year compared with the same period in 2018, according to a…

The Central European economies have weathered Germany’s malaise with ease so far, but cracks are beginning to show, and as Europe’s manufacturing powerhouse shows no…

According to the latest weekly statistics, a total of HUF 1,586 billion worth of Hungarian Government Security Plus (MÁP+) have been subscribed since the launch…

The further spread of cash has not been successfully stopped in July, either, even though the new Hungarian Government Security Plus (MÁP+) continued to draw…

The number of new EU grant winners jumped from about 250 in June to 600 in July, the highest even monthly figure, indicating that the…

The volume of construction output in Hungary grew by 1.7% month on month in June 2019. As the Central Statistical Office (KSH) recorded contraction in…

J.P. Morgan has raised its target price for Hungary’s OTP Bank on Monday. The new TP is almost 25% higher than OTP’s current share price…

The Takarék Group has reported high demand for the government’s new prenatal loan, a part of its family protection package, as customers applied for HUF…

Hungarian oil and gas group Mol has lowered the wholesale price of 95-octane gasoline by HUF 6 per litre and that of diesel fuel by…

OTP Bank posted HUF 105 billion revenue for the second quarter, a new record for the company. Revenue and profit were both boosted to record…

Online platforms have rapidly changed the way in which businesses can connect with their consumers. Nowadays companies can easily offer products and services that are…

Hungary’s general government posted a HUF 37.2 billion cash-based surplus in July, according to preliminary figures form the Finance Ministry. The exceptional part is the…

Magyar Telekom’s second quarter revenue was roughly in line with expectations, while profit exceeded analysts’ expectations. Management has not amended its targets for the year….

Surplus on external trade in goods was EUR 556 million in June, the Central Statistical Office (KSH) said on Thursday. Although the figure seems impressive…

Prices rose 3.3% in July, the Central Statistical Office (KSH) said on Thursday. The figure is roughly in line with expectations. CPI dropped from 3.9%…

Mitsubishi Tanabe Pharma Corporation’s subsidiaries in the ASEAN region obtained the regulatory approval of cariprazine for the treatment of schizophrenia in Singapore and in Thailand,…

4iG intends to take part in the Bond Growth Scheme launched by the National Bank of Hungary (MNB) on 1 July 2019, the company announced…

Hungarian low-cost carrier Wizz Air has been fined HUF 300 million for causing damages to customers, the Prime Minister’s Office announced on Wednesday. The Budapest…

Hungary’s OTP Bank will publish its earnings report for the second quarter early on Friday and is expected to post a record revenue and profit….

UBS has on Wednesday lowered its target price for Hungary’s OTP to HUF 15,200 from HUF 15,250 previously. UBS has changed its target price for…

Hungary’s consumer price index may have reached its highest point of the year in May, and analysts polled by Portfolio expect no more increase in…

The volume of industrial output was 1.8% below the May level according to seasonally and working-day adjusted indices, and was 1.4% lower than in June…

Four new hotels have opened in Hungary in the first half with a total of 590 new rooms, chiefly in and around Budapest, the latest…

Confidence in the European Union and optimism regarding the future have not been this high since 2014, according to the latest Eurobarometer survey , made…

Board member Andrew John Prestas sold 84,388 AutoWallis C-series ordinary shares in an over the counter deal, the company announced on the Budapest Stock Exchange…

The National Bank of Hungary (MNB) held FX swap tenders for one, three, six and 12 months maturities yesterday, allotting HUF 26.52 billion combined. With…

The management of pharmaceutical company Richter expects revenue from pharmaceutical sales to increase 2 to 3% this year and group-level revenues to increase by 5…

The Hungarian government plans to buy another collection of Hungarian painter Mihály Munkácsy and intends to set up a Munkácsy museum to exhibit the works…

Hungarian pharmaceutical company Richter Gedeon has exceeded market expectations in the second quarter with regard to revenue and gross margin. The company’s flagship drug, Vraylar,…

“We do not understand that given the current working of the public healthcare system, we cannot achieve a demographic turnaround, György Matolcsy, Governor of the…

According to the latest weekly statistics, the Hungarian Government Security Plus (MÁP+) has had its weakest period so far as only HUF 82 billion of…

Hungarian pharmaeutical company Richter Gedeon will release its earnings report Tuesday morning. According to Portfolio’s own consensus, analysts unanimously anticipate increased revenue, while net… Powered…

Erste Bank Hungary had pre-tax profit of HUF 28.3 billion in the first half, up 22% year on year, the bank said at a press…

Publicly traded Set Group will buy 10 million of its own shares after the company’s EGM approved the plan, the company announced late on Friday….

As central banks around the world have fired off their shots in the last two weeks, we can now prepare for a calmer period. In…

New passenger car registrations were up 27% year on year in Hungary in July 2019. Suzuki played a key role in this strong performance, having…

A total of 15,284 new passenger cars were registered in Hungary in July 2019, 27% more than in the same month of 2018. In January-July,…

In its decisions the National Bank of Hungary (MNB) strictly limited the retail distribution of contracts for differences (CFDs) by five domestic market participants that…

There were 12,764 residential property deals made in Hungary in July, according to the latest monthly transaction estimate by real estate group Duna House. The…

“Keeping the ideological guerrillas away” and electing leaders with a pragmatic life instinct was a good decision, Prime Minister Viktor Orbán told public television M1…

Hungarian energy group Mol has published its earnings report for the second quarter of 2019 early on Friday. All of its key earnings exceeded analysts’…

Retail sales in Hungary picked up again in June after a surprisingly lacklustre May performance, according to data published by the Central Statistical Office (KSH)…

Hungarian lighting and tech multinational Tungsram and the Arab Organization for Industrialization (AOI) have signed a Memorandum of Understanding today in Cairo for the joint…

Three so far unpublished corruption reports on Hungary conceived by the Group of States against Corruption (GRECO), a Council of Europe member, have been brought…

The OECD Working Group on Bribery is concerned that Hungary has not commenced any foreign bribery investigations or prosecutions in over nine years since the…

As a result of legislative changes, air traffic in the airspace above Budapest will be eliminated completely between midnight and five A.M., announced Budapest mayor…

Liberty Global plc has announced that it has completed the sale of its operations in Germany, Hungary, Romania and the Czech Republic to Vodafone Group…

Croatia has signed New York-based investment bank Lazard as the government’s new consultant on the buyback of Hungarian energy group Mol’s stake in oil company…

The Hungarian Hydrocarbon Stockpiling Association (MSZKSZ) will acquire 100% of natural gas storage MMBF Zrt., the daily Népszava reported on Thursday. MSZKSZ, currently a minority…

The Hungarian government will provide more than HUF 14 billion in non-refundable subsidies for business development under two new schemes in the Economic Development and…

Hungary’s manufacturing purchasing manager index (PMI) dropped to 51.3 points in July 2019, the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM) reported on……

The European Commission is an executive body, not a political organisation, government spokesperson István Hollik said Wednesday evening on public television M1. In his view,…

Erste Group chief executive Andreas Treichl said the ‘Japanisation’ of Europe is a serious problem. Treichl held a press conference on Wednesday on the occasion…

A total of 235 billion forints were withdrawn from Hungarian bank deposits in June, most of which have presumably been reinvested in the new retail…

Hungary’s competition authority GVH has accepted an undertaking by Wizz Air, the fulfilment of which will ensure a compensation of about half a billion forints…

Generali has purchased the entire insurance portfolio of ERGO’s Hungarian insurance units in a group-level deal that also encompasses the Slovakian market, Generali said in…

Following the 11-month low of 328 forints to the euro on Monday, the rate has stabilised near 327.5, but this apparent calm is expected to…

Hungarian oil and gas group Mol has extended the maturity of an EUR 555 million revolving credit facility, the company announced on the Budapest Stock…

Hungary’s Est Media has announced on Tuesday that it is buying Delta Systems, one of the subsidiaries in Delta Group. This was the reason why…

There were nearly 7,300 property deals registered in Hungary last year where the buyer was a foreign private individual. Although the total spending of non-Hungarians…

Average gross earnings in Hungary were 11.2% higher in May 2019 than a year earlier. With this the index returned to double-digit territory, i.e. the…

Reacting to recent news coverage on the HVAC situation in hospitals, the Hungarian Hospital Association made a quick survey and found no reason to rejoice….

Budapest Airport CEO Jost Lammers will leave his position at the end of the year to head the Munich international airport from 2020, state newswire…

Hungarian fuels group Mol is scheduled to publish its earnings report for the second quarter of 2019 on 2 August, and 11 analysts have already…

OLAF is investigating possible fraud during the sale of software licences co-financed by the European Regional Development Funds and the European Social Funds, the European…

More than 1,400 billion forints worth of Hungary’s new retail government security (MÁP+) have been sold so far since 1 June 2019, the latest data…

Hungarian oil and gas group Mol will raise the wholesale price of diesel by HUF 3 per litre as of Wednesday, while the price of…

There are 800,000 alcoholics in Hungary, which means there is one in almost every family, toxicologist Gábor Zacher told public television M1 on Monday. Zacher…

Hungary’s unemployment rate dropped to a new all-time low of 3.3%, while the employment rate rose further in April-June 2019, the Central Statistical Office (KSH)…

Audi has started serial production of its new Q3 Sportback model in Győr, adding a fifth model after the A3 Cabriolet, the TT Coupé and…

Although the situation has improved a lot over the last few decades, there are still a lot of fatal accidents on the roads of the…

Should the Hungarian government’s assessment of the European economy’s prospects prove to be correct, Hungary will need a second economy protection action plan next spring…