In line with the market consensus, the Monetary Council of the National Bank of Hungary has not modified either its main policy rate or the…

György Matolcsy has won support by Parliament’s Economic Committee on Tuesday for his second six-year term at the helm of Hungary’s central bank (MNB). At…

After leaving monetary conditions on hold on Tuesday, the Monetary Council of the National Bank of Hungary (MNB) has reiterated almost verbatim its official statement…

Siemens will be supplying seven modular power distribution substations for the new chemical complex of Hungarian fuels group Mol, after it received one of its…

In line with the market’s call, the Monetary Council of Hungary’s central bank (MNB) has not changed interest rates at its monthly policy meeting on…

As a result of the number of live births and deaths, Hungary’s population shrank by 41,300 people in 2018, the Central Statistical Office (KSH) reported…

As a result of the number of live births and deaths, Hungary’s population shrank by 41,300 people in 2018, the Central Statistical Office (KSH) reported…

Bank of America Corp. will drop the 104-year old name Merrill Lynch from its investment-bank brand, while keeping the name Merrill for wealth management, as…

The Hungarian government plans to work out regulations that will prevent multinational companies from escaping public burdens, a state secretary in charge of tax issues…

The United Transportation Trade Union (EKSZ) finds the planned 5% wage hike at the Budapest Transport Company (BKV) enfuriatingly small. EKSZ President Gábor Naszályi responded…

Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline by HUF 5 per litre and that of diesel…

Fitch Ratings has upgraded Hungary’s Long-Term Foreign- and Local-Currency Issuer Default Ratings to ‘BBB’ from ‘BBB-. The outlook is stable. The second upgrade within a…

After it turned out two weeks ago that tax-adjusted core inflation, a key metric of the National Bank of Hungary (MNB), reached the critical level…

Although the central bank’s (MNB) policy meeting on Tuesday is unlikely to bring much excitement, MNB Governor György Matolcsy will make his appearance not only…

A special transaction has been carried out recently on Hungary’s private medical services market. MedLife, which is listed on the Romanian stock market, acquired a…

National Bank of Hungary (MNB) Governor Gyögy Matolcsy will attend a nomination hearing in Parliament’s Economic Affairs Committee next Tuesday (26 February) at 9 A.M.,…

Hungarian oil and gas group Mol has published its earnings report for the fourth quarter of 2018 along with its full-year results on Friday. In…

Lufthansa Technik AG, member of Germany’s Lufthansa Group, has initiated the establishment of a new site for the repair and overhaul of aircraft engine parts…

The Mercedes-Benz factory in Kecskemét will remain the cradle of the company’s CLA model: following the success of the CLA Coupé introduced in 2013, the…

Germany’s Continental has opened its first artificial intelligence development centre in Budapest on Thursday. The company chose Hungary because of its existing car industry environment….

The Hungarian government’s new childbirth incentive loan, HUF 10 million available to newlywed couples, will not be tied to income and will be offered to…

Hungary’s Government Debt Management Agency (ÁKK) allotted HUF 30 billion worth of 12-month discount Treasury Bills at its biweekly auction on Thursday, and it raised…

Publicly traded vehicle manufacturer Rába managed to increase its revenue 7.2% yr/yr to HUF 13.9 billion in Q4 2018, but steeply rising raw material and…

Wages in Hungary rose further in December, with annual growth coming to 11.3%, the Central Statistical Office (KSH) said on Thursday. Real wages rose 8.3%…

The management of Hungarian telco Magyar Telekom recommends paying a higher dividend on last year’s profit after the company performed above expectations in Q4 2018,…

After Standard & Poor’s upgraded Hungary’s sovereign credit ratings last week, Fitch Ratings’ decision will come this Friday (22 February). Analysts at ING see a…

Hungary’s Ministry of Human Capacities has shared on Wednesday new bits of information about a HUF 10 million loan facility newlyweds planning to have children…

When Hungary’s Prime Minister Viktor Orbán announced during his state of the nation address on 10 February that a 2.5 million forint subsidy will be…

The yield is to be raised to 2.5% from 2.0% on Hungary’s Half-yearly Government Bond and to 3.0% from 2.5% on the 12-month Government Bond,…

Hungarian Prime Minister Viktor Orbán’s government has launched yet another taxpayer-funded campaign earlier this week, accusing Brussels of promoting migration plans that “threaten… Powered by…

Hungarian oil and gas group Mol has raised the wholesale list price of 95-octane gasoline and diesel by HUF 5 per litre each on Wednesday….

Following an upgrade of sovereign ratings on Hungary to ‘BBB’ on 15 February, Standard and Poor’s has raised its long-term and short-term resolution counterparty ratings…

The major demographic support package announced by Hungary’s Prime Minister Viktor Orbán on 10 February is unlikely to stop Hungary’s demographic decline, but the measures…

The most promising element of Hungarian Prime Minister Viktor Orbán’s 7-point ‘family protection action plan’ is a 10 million forint interest-free loan that young couples…

Although Standard & Poor’s upgraded Hungary’s credit ratings last Friday, risks to the economy remain and these would need to be managed by additional measures,…

Although Standard & Poor’s upgraded Hungary’s credit ratings last Friday, risks to the economy remain and these would need to be managed by additional measures,…

Hungary’s Government Debt Management Agency (ÁKK) allotted HUF 25 billion worth of 3-month discount Treasury Bills at its weekly auction on Tuesday. The average yield…

Magyar Telekom is set to release its earnings report for the fourth quarter of 2018 on Wednesday, and management will hold a presentation for investors…

Hungary’s economic stimulus package could be ready by the end of March or early April, Finance Minister Mihály Varga told InfoRadio late on Monday. They…

Hungarian oil and gas group Mol is set to release its earnings report for the fourth quarter of 2018 on 22 February. Analysts polled by…

The Hungarian Postal Services (Magyar Posta) has agreed with the works council to carry out another mass layoff of about 300 employees in the spring…

The Hungarian government is expected to present its economic protection programme in March or April at the latest. It will contain long-term measures rather than…

The release of Hungary’s GDP data for the fourth quarter of 2018 last week will be followed by a series of other important figures both…

Hungary’s gross general government debt declined more than expected and was 70.9% of gross domestic product at the end of 2018, preliminary financial accounts data…

J.P. Morgan has raised its target price for Hungary’s OTP. The new TP offers a 32% upside potential over the banking stock’s last closing price…

Standard & Poor’s Global Ratings raised its long- and short-term foreign and local currency sovereign credit ratings on Hungary to ‘BBB/A-2’ from ‘BBB-/A-3’. The outlook…

Although remarks by Hungary’s Prime Minister Viktor Orbán and Finance Minister Mihály Varga earlier this week suggested that the cabinet has given up the target…

McDonald’s Corporation has announced on Friday that a share sale and purchase agreement has been signed with Sándor Scheer, a partner keen to become the…

Hungarian oil and gas group Mol has partly rejected a press report that trade unions have not accepted the management’s wage hike proposal for 2019…

Hungarian oil and gas group Mol has partly rejected a press report that trade unions have not accepted the management’s wage hike proposal for 2019…

Trade unions have said no to the wage hike proposal of Hungarian fuel group Mol for 2019 and 2020, about which they have informed the…

The Hungarian arm of German carmaker Audi and German power company E.ON are together constructing Europe’s largest photovoltaic roof system on the building of Audi…

As a result of the already scheduled and planned developments, the annual output of Hungary’s automotive industry can soon reach 10,000 billion forints, said the…

Hungarian hauler Waberer’s International Nyrt. has announced that it has signed a settlement agreement with the former owner of Link and Link Services that kept…

Budapest’s Corvinus University signed a co-operation agreement with the local innovation and technology centre of the world’s largest asset manager, the American BlackRock. Co-operation… Powered…

Hungary’s economy was on fire in the fourth quarter of 2018, and with that it landed in the top three of the European Union growth…

The first of the large rating agencies to review Hungary this year is Standard & Poor’s. You might want to keep your eyes peeled on…

A strike by the staff of the payroll and accounting department of retail chain Tesco in Győr (northwest Hungary) has come to an end, as…

Workers at the Miskolc-based (northeast Hungary) plant of SEGA Hungary Ltd., some 2,500 of them, started an open-ended strike on Wednesday afternoon, local daily newspaper…

Hungary’s gross domestic product grew by 4.8% year on year in the fourth quarter of 2018, according to data adjusted seasonally and for working days….

Hungary’s OTP Bank is the top pick for Morgan Stanley in Central and Eastern Europe, as its economist expects significant tightening of Hungarian interbank rates…

According to the consensus estimate of analysts polled by Portfolio, the Central Statistical Office (KSH) will report 4.5% (unadjusted) year-on-year GDP growth for the fourth…

The momentum of Hungary’s construction sector has abated slightly in December 2018, the volume of construction output dropped 2.4% month on month. Yet, last year…

A uniform electronic ticket system in interurban passenger transport could be up and running nationwide in Hungary by the summer of 2020, the Ministry of…

Hungary’s January headline CPI was stable at 2.7% year on year, but this masked an underlying uptrend. The downside came mainly from non-core items, while…

Investors thinking about betting in emerging markets should look at Brazilian stocks, Mexican bonds and banks in the space, strategists and analysts told CNBC. Brazilian…

Global online payments system operator PayPal is launching a free money transfer service in Hungary, and Hungarians will be able to send euro and Swedish…

Better-than-expected revenues will keep Hungary’s public balance on track this year, but the uptake from the demographic program could lock the deficit above 2% after…

Hungary’s new 10 million forint interest-free loan may be taken out only by married women under 40 years of age who give birth within three…

Hungary’s Prime Minister Viktor Orbán plans to propose to President János Áder the nomination of György Matolcsy as Governor of the National Bank of Hungary…

Whereas Hungary’s headline inflation remained flat at 2.7% year on year in January 2019, the central bank’s (MNB) measures of underlying inflation developments suggest that…

Consumer prices in Hungary rose by 2.7% year on year in January 2019, the Central Statistical Office (KSH) reported on Tuesday. This matches the consensus…

For most companies in Central and Eastern Europe, Digital Transformation spells growth, but Hungarian firms are even more optimistic than the average. According to two…

A one-year wage agreement has been reached between the employees and the management of the Robert Bosch plant in Hatvan (60 km east of Budapest)….

Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline and diesel by HUF 2 per litre each on…

In his State of the Nation address on Sunday, Hungary’s Prime Minister Viktor Orbán promised a non-refundable subsidy of up to 2.5 million forints for…

Hungary’s Prime Minister Viktor Orbán only outlined the government’s new family protection action plan on Sunday, while today state secretary Katalin Novák has shed light…

Hungary’s Prime Minister Viktor Orbán has announced a major demographic programme aimed at incentivising couples to have children, families to have more children, i.e. at…

Hungary’s Prime Minister Viktor Orbán has announced a major demographic programme aimed at incentivising families to have children and at boosting the country’s population. Women…

Fourth-quarter GDP figures will be in focus this week without a doubt. The first growth estimates for October-December 2018 are coming out in Europe, including…

The first inflation reading of the year is to be released next week. It could be crucial from the point of view that it might…

The first months of 2019 was bustling for capital markets, and as stock market indices overseas rose the Budapest Stock Exchange (BSE) also kicked off…

Hungary’s Finance Ministry has released budget figures for January 2019 at an unusual time and form on Friday. The reason why it decided to deliver…

Hungary’s exports increased by 2.7% in euro terms and imports grew by 5.4% year on year in December 2018, the Central Statistical Office (KSH) reported…

If the Centre for Budapest Transport (BKK) does not contract for the new electronic ticket system, chances are high that the BKK will be abolished,…

UniCredit posted 1.73 billion euro after-tax profit in the fourth quarter of 2018, greatly beating expectations. The Italian banking group’s Hungarian arm had EUR 177…

Hungary’s Government Debt Management Agency (ÁKK) allotted 30 billion forints worth of 12-month discount Treasury Bills at its biweekly auction on Thursday, and it raised…

In the fourth quarter of 2018, the share of diesel-fuelled cars declined in the European Union, while petrol and electric continued to further expand their…

Whereas the European Commission retained its upwardly revised (Nov18) 2019 GDP growth estimate for Hungary (to 3.4% from 3.2% previously), the new projection is still…

The volume of Hungary’s industrial production rose 2.5% month on month in December 2018, the Central Statistical Office (KSH) reported on Thursday. The zigzags of…

In line with Finance Minister Mihály Varga’s weekend remarks (“economic protection scheme”), Hungary’s Prime Minister Viktor Orbán is expected to announce economic stimulus measures… Powered…

Beating the market’s call, revenues of Hungarian drugs maker Richter rose to a new quarterly high in October-December 2018, as both domestic and U.S. sales…

The reporting season is in full swing around the world, and Hungary’s listed companies are also going to start releasing their earnings reports for October-December…

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

The National Trade Union of Employees Designed for Life (ÉTMOSz) has announced a two-our strike to be held at the Miskolc-based (northeast Hungary) plant of…

A wage agreement has been reached at the Hungarian plant of German automotive supplier Bosch in Hatvan (some 60 km east of Budapest), and its…

Raiffeisen Bank International (RBI) has published its preliminary results for 2018, reporting after-tax profit of 1.27 billion euros. Although the management of the Austrian banking…

More than 17,5000 employees of Tesco Hungary are expected not to receive their January salary on time because the remuneration section of the closure-slated Győr-based…

Moldovan press reports were right: Hungary’s OTP Bank has announced on Wednesday that it has acquired a majority stake in the country’s fourth-largest bank, Mobiasbanca,…

Hungary’s Government Debt Management Agency (ÁKK) allotted HUF 25 billion worth of 3-month discount Treasury Bills at its weekly auction on Tuesday, at a lower…

Tesco is taking another step towards environmentally friendly operation. It has announced that it has committed to making all packaging fully recyclable or compostable by…

An agreement has been signed on Tuesday between the International Investment Bank (IIB) and the Hungarian government on moving the headquarters of IIB to Budapest….

Hungary’s hardline government was the only European Union member state that disrupted preparations for the first summit between the bloc and the League of Arab…

Hungary and Slovenia are jointly applying for European Union funding for the interconnection of their natural gas pipeline networks, which would enable Hungary to purchase…

The Hungarian state has been ordered by an arbitration court to pay Sodexo an award of about 73 million euros for forcing the vouchers company…

The growth in Hungary’s retail sales continued to decelerate in December 2018. The volume of sales in retail shops increased by 4.1% year on year,…

More than ten thousand cars were never made in Audi AG’s central manufacturing plant in Ingolstadt, Germany due to the one-week strike held at the…

Gedeon Richter, Hungary’s leading pharmaceutical producer, has announced on Tuesday that from 5 February, CEO Gábor Orbán will act as chief of technical services, until…

On the basis of the state of the economy, the Association of Hungarian Vehicle Importers (MGE) expects around 160,000 new passenger cars to be registered…

Although Erste and KBC had both expressed interest in buying Budapest Bank from the Hungarian state, it is unlikely that Prime Minister Viktor Orbán’s cabinet…

Hungary will join the euro area -eventually, sometime in the next few decades, said György Matolcsy, Governor of the National Bank of Hungary (MNB) at…

Hungary’s OTP Bank may acquire a majority stake in Moldova’s Mobiasbanca, member of Societe Generale Group, according to Moldovan press reports. OTP’s management is expected…

We’ll have to wait a few more days for Hungary’s fourth-quarter (2018) GDP data, but some statistical releases for December are already in the pipeline…

We’ll have to wait a few more days for Hungary’s fourth-quarter (2018) GDP data, but some statistical releases for December are already in the pipeline…

Gedeon Richter, Hungary’s leading pharmaceutical producer, has announced on Monday that it has inked a license and supply deal with Pantarhei Bioscience BV to commercialise…

After some turbulence at the end of 2018, stock markets in developed economies started to rise slowly at the start of 2019, and the BUX…

Noerr has advised AEW Europe on the acquisition financing of the prestigious “Luxus Aruhaz” retail unit at Vorosmarty square in the heart of Budapest. The…

Viktor Füzi (39) has been appointed Associated Partner at Noerr’s Budapest office. Viktor has been with Noerr for over 2,5 years and has been advising…

In 2018, Hungarian households took out exactly as much home loans and 1.5-times as much personal credit than in the record year of 2008. According…

Hungary’s manufacturing purchasing manager index (PMI) continues to suggest that the domestic industry is in a good shape. This is positive in light of the…