Trade unions will begin organising strikes across the country of the labour code amendment is signed into law, Tamás Székely, vice president of the Hungarian…

Hungary has issued yuan-denominated bonds in China on Tuesday at a lower interest rate than ever, Finance Minister Mihály Varga told state news wire MTI….

Airbus Helicopters is to set up a helicopter parts manufacturing plant in Hungary. The facility, which is expcted to be completed by 2021, will create…

As a result of the deceleration of inflation in November as well as global developments, the National Bank of Hungary (MNB) is not forced to…

Citi has raised its target price for Magyar Telekom, saying that the Hungarian telecom group offers and attractive yield with interesting optionality, especially as the…

New 500-forint bills will be put into circulation in Hungary on 1 February 2019, and the old banknotes may be used for payment until 31…

Hungarian passenger service operator MÁV-START Zrt. and Stadler Bussnang AG have signed a contract on Monday about the delivery of eight additional six-car double-decker KISS…

The guaranteed monthly wage minimum for skilled workers is expected to be raised to over 200,000 forints in 2019, and the minimum wage could be…

New passenger car registrations have dropped further in the European Union in November, mainly over the introduction of the new WLTP test in September. Key…

Rate decisions will be setting the tone this week both in Hungary and elsewhere in the world. The National Bank of Hungary (MNB), the U.S….

It is time we looked beyond the borders of our country, stated the founder/co-owner of Romania’s largest medical service provider in an interview with Portfolio….

Hungary and Cyprus have concluded a bilateral energy agreement for the inclusion of Cypriot gas in the Hungarian supply. “Hungary is continuously looking for alternative…

The Hungarian Pensioners’ National Representation (NYOK) is asking Prime Minister Viktor Orbán to revisit the 2.7% pension raise planned for 2019, arguing that the recognition…

Magyar Telekom, Hungary’s leading telecommunications group, has reached an agreement with the trade unions on a headcount reduction and wage increases at the group in…

The Hungarian government has decided to put off the deadline for the launch of uniform, brand-neutral cigarette packets by two and a half years to…

The Council of Europe Commissioner for Human Rights has called on Hungary’s President János Áder not to sign into law a bill adopted earlier this…

Although the volume of Hungary’s construction output did not grow significantly in October, the 0.5% month-on-month increase kept the sector on a dynamic growth trajectory….

The modification of overtime regulation was asked by the economic operators themselves, Minister of Innovation and Technology László Palkovics said on Wednesday. Government spokesman Gergely…

Hungarian oil and gas group Mol has lowered the wholesale list price of diesel by HUF 2 forints per litre on Friday, while the price…

Hungary’s MKB Bank aims to increase its total assets to 3 trillion forints by 2023, achieve return on equity (ROE) of over 17% and some…

Local think tank Kopint-Tárki has raised its growth estimate for Hungary to 4.8% for 2018, a raise of 0.2 percentage points compared to the previous…

The Monetary Council of the National Bank of Hungary (MNB) will have to make a statement again, while an increasing number of analysts doubt that…

Hungary’s Government Debt Management Agency (ÁKK) allotted 30 billion forints worth of 12-month discount Treasury Bills at its biweekly auction on Thursday. Demand was rather…

Hungary has set an indicative price range of 3.9%-4.5% for its second Panda bond offering, according to a filing on the Shanghai Clearing House, IFR…

Hungary has set an indicative price range of 3.9%-4.5% for its second Panda bond offering, according to a filing on the Shanghai Clearing House, IFR…

The Hungarian government will not give in to a few hundred protesting people and it will not back away from the amendment of the Labour…

The Hungarian Trade Union Confederation (MaSZSZ) has asked to President János Áder in an open letter to send back for review the amendments to the…

Hungary is set to issue two billion renminbi worth of so-called “panda” bonds on China’s onshore market next week, pro-government daily Magyar Idők reported on…

Members of Hungary’s ruling Fidesz-KDNP coalition have adopted legislation on Wednesday that creates administrative courts which opposition parties claim will simply be “Fidesz courts”,… Powered…

Rosatom expects to start concreting at Paks 2 nuclear power plant (NPP) in Hungary in 2019 and 2020, depending on license receipt time and project…

The Hungarian operation of Canada-based diversified global manufacturing company Linamar is bringing a 17.6 billion forint (EUR 54.42 mn) investment to the local automotive sector,…

Industrial production in Hungary grew by 2.0% month on month in October 2018, according to data adjusted seasonally and by working days, the Central Statistical…

Innovative fintech firms are about to target retail banking after having disrupted the international payments space. It appears, however, that the competition for this business…

Bonds issued by the Hong Kong Branch of the Bank of China Limited will be introduced into exchange trading on the Budapest Stock Exchange (BSE)…

U.S. coffee shop chain Starbucks will open three more units in Hungary this year, bringing the total number of outlets in its Hungarian network to…

The government will not withdraw its proposed amendment to the Labour Code as it serves the interest of workers, Prime Minister Viktor Orbán said in…

The Government Debt Management Agency (ÁKK) managed to sell only HUF 48 bn of the originally planned HUF 50 bn lot of 3-month treasury bills…

The volume of output of agriculture grew by 3.1% in 2018, the Central Statistical Office (KSH) said on Tuesday. The volume of crop products rose…

Hungary’s OTP Bank bought another 200,000 own shares on the Budapest Stock Exchange (BSE) on Monday, the bank announced on Tuesday. The shares were purchased…

Consumer prices in Hungary were 3.1% higher on average in November 2018 than a year earlier, down from 3.8% in October, the Central Statistical Office…

OTP has been the biggest buyer in the regional banking market for the past two years, ahead of the Polish government, Deloitte said in a…

Consumer prices in Hungary were 3.1% higher on average in November 2018 than a year earlier, down from 3.8% in October, the Central Statistical Office…

OTP has been the biggest buyer in the regional banking market for the past two years, ahead of the Polish government, Deloitte said in a…

After Hungary’s annual inflation accelerated close to a six-year high in October 2018, consumer prices rose at a less drastic pace in November, mainly due…

UK-based retail chain Tesco has announced on Monday that it is setting up a new Central European business service centre in Budapest, creating several hundreds…

Global stock markets have had a busy month in November, but despite trade war concerns and downside risks one of the main surprises was delivered…

It will turn out within a few days if any chance is left for Brexit if the British Parliament does not adopt the agreement, as…

Credit institutions in Hungary posted 425 billion combined profit in the first three quarters of 2018, down from HUF 483 bn in the same period…

Hungary’s Prime Minister Viktor Orbán has addressed economic growth, wage hikes in the public sector and the expected direction of economic policy in his regular…

In recent weeks Hungarian ministers announced three waves of public sector wage increases that will affect the spending side of the budget. Analysts at OTP…

Hungary’s credit profile is supported by robust growth, the authorities’ commitment to fiscal policies that will keep budget deficits within the 3% of GDP Maastricht…

Hungary’s general government posted a shortfall of 164.3 billion in November, which is not an outstanding figure compared to the previous November readings. However, the…

Lear Corporation Hungary Ltd., the Hungarian arm of Lear Corp., a leading global supplier of automotive seating and electrical distribution systems, is shutting down its…

Hungary’s Curia (Supreme Court) is starting a comprehensive investigation into foreign currency lending, announced György Wellmann, head of the civil division at the institution’s annual……

Hungary’s exports rose by 6.5% year on year in October in euro terms, while imports increased by 9.7% over the base period, the Central Statistical…

The Hungarian government is to sign a strategic co-operation agreement with Tungsram Operations Ltd., a government decree published in the Official Gazette showed on Friday….

As social partners were unable to agree on the minimum wage and the wage minimum for skilled workers to be in effect as of 1…

Trade unions at the Mercedes plant in Kecskemét, Hungary signed a new two-year wage agreement with the carmaker’s management on Thursday, 24.hu reported. The portal…

Hungary’s Government Debt Management Agency (ÁKK) allotted 75 billion forints worth of government bonds at its biweekly auction on Thursday instead of the planned HUF…

Czech energy group CEZ is to set up fast-charging stations in Hungary. In the first stage, CEZ will focus on its home market, but then…

After hitting the breaks in September, Hungary’s industry managed to accelerate again in October and its year-on-year growth rate picked up, preliminary data published by…

Budapest’s Corvinus University is ranked 82nd in the European Business School Rankings 2018 by The Financial Times. This marks a slippage of six spots compared…

The Board of Directors of Hungarian oil and gas group Mol has decided to amend the funding process of Mol Employee Share Ownership Program Organization…

HSBC has lowered its target price for Hungary’s Magyar Telekom to HUF 535 per share from HUF 570 previously, while it maintained its ‘Buy’ recommendation…

Outside of the Eurozone, countries like Hungary, Poland and the Czech Republic have slid even further toward protectionism and far-right nationalism. This is a worrying…

After Bulgaria’s central bank gave the go-ahead to Hungary’s OTP buying a bank from Societe Generale in the country, the local financial supervision has also…

As the Hungarian authorities have disregarded the European Commission’s recommendations, it is now the Council of EU finance ministers (ECOFIN) that urges Hungary to implement…

Hungary’s forint was found to be the second riskiest Emerging Market currency in November, up from the sixth spot in October in Nordea Bank’s ranking…

Magyar Telekom, Hungary’s leading telecommunications group, has announced that it has extended its frequency usage rights for 11 billion forints. Based on the resolution of…

Fitch Ratings has a Stable Outlook on Central and eastern European (CEE) banks, saying it should be resilient to the expected moderation of economic growth…

By 2030, Hungary will be able to reduce greenhouse gas emission by 40%, a state secretary at the Ministry of Innovation and Technology reassured on…

The average yield on Hungary’s 3-month discount Treasury Bills dropped to a new all-time low at the Government Debt Management Agency’s (ÁKK) weekly auction on…

“I know of no economic issue more valuable than the 800-year friendship between the Hungarians and the Croatians,” said Hungary’s Prime Minister Viktor Orbán in…

Germany’s Robert Bosch Power Tool, the biggest Bosch hand tool factory of the world, is to set up a European battery competence centre in Miskolc,…

The Hungarian government’s recently announced plan to amend the Labour Code sparked outcry from trade unions and had the law amendment proposal dubbed ‘slavery bill’….

The U.S. Ambassador to Hungary said he is “so, so said” that Central European University (CEU) was unable to reach an agreement with the government…

Hungary’s ruling Fidesz party is to submit a package of proposals to the planned amendment of the Labour Code on Tuesday, said Lajos Kósa, MP…

Heated debate occurred in Parliament on Monday about a recently submitted and highly contested bill that seeks to raise the cap on annual overtime work…

Central European University (CEU) has announced on Monday that it will launch all U.S.-accredited degree programs in Vienna in September 2019, as Hungary’s Lex CEU…

Denmark Vestfrost is to expand its refrigerator production and warehouse capacities in Csongrád, Hungary by a 4.4 billion forint (EUR 13.65) investment. Hungary is providing…

Management of Hungary’s Mátra Power Plant (Mátrai Erőmű Zrt.) projects positive pre-tax profit for 2018, although the company closed the first half of the year…

The week ahead is packed with macroeconomic events and releases. There will be manufacturing PMI data coming out in several countries. In Hungary, we’ll learn…

Hungary’s manufacturing purchasing manager index (PMI) stood at 53.5 points in November 2018, the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM) reported on……

A lengyel leánybank eladásával elég tőkéje lett a Raiffeisennek ahhoz, hogy akár új felvásárlásba kezdjen – mondta Johann Stobl vezérigazgató. A Reuters szerint a vezérigazgató…

Hungary’s 12 savings co-operatives and an additional three banks operating within Takarég Group as joint stock companies will be merged into a single large universal…

Lajos Kósa, member of Hungary’s ruling Fidesz party, said a law amendment proposal he submitted with a fellow Fidesz MP and which was dubbed ‘slavery…

There are statistics on how many doctors worked in Hungary in 2016 and 2017, only these are not available for the public. A minister holds…

A methodological proposal to improve the efficiency of financial management of hospitals could be ready by early 2019, Minister of Human Capacities Miklós Kásler told…

Hungary’s OTP Bank bought another 100,000 own shares on the Budapest Stock Exchange (BSE) on Thursday, which corresponded to 16% of all transactions with OTP…

Jefferies has raised its target price for Richter, Hungary’s leading pharmaceutical producer. Jefferies has raised its target price for Richter to HUF 5,520 per share…

Hungarian fuels group Mol has lowered motor fuel prices for the second time this week on Friday. The wholesale list price of 95-octane gasoline has…

Hungary’s defence staff can expect a 35% salary hike, the Minister of Defence told a press conference on Thursday. Tibor Benkő announced that as of…

The Hungarian government has decided to extend a 55 billion forint bailout to debt-ridden local hospitals, announced the Minister of Human Resources on Thursday. This…

The Finance Ministry says about 150,000 to 200,000 skilled workers are missing from Hungary. The estimate is lower than most market estimates. Applying a cautious…

Hungary’s Government Debt Management Agency (ÁKK) received 55.4 billion forint worth of bids from primary dealers on a HUF 30 bn lot of 12-month discount…

South Korean global automotive supplier Hanon Systems is to invest a total of36.7 billion forints (EUR 113.16 mn) in Hungary, setting up two new facilities…

The volume of investments in Hungary increased by 22% year on year in the third quarter of 2018, the Central Statistical Office (KSH) reported on…

Data by Eurostat, the statistical office of the European Union, show that the share of Hungarians unable to face unexpected financial expenses dropped the most…

Hungary lowered its tax-to-GDP ratio to 38.4% in 2017 from 39.3% in 2016, which was the largest reduction in the European Union, reported Eurostat, the…

The Hungarian government is backing down and will modify a recently submitted and widely contested bill that seeks to raise the legal annual overtime to…

Hungarian oil and gas group Mol and its executive vice-president for consumer services are among the winners of the 2018 Petroleum Economist Awards that were…

The European Commission announced on Wednesday its intention to achieve a climate neutral economy 2050. The EU executive has adopted a strategic long-term vision for…

The trade union at the Hungarian arm of German luxury carmaker Audi is objecting to a planned change to the Labour Code that would allow…

If the government decides so, the ratio of foreign currency debt within Hungary’s total debt could be lowered to 3.3% seven years from now. By…

The number of employed people in Hungary rose to a new record high of 4.5 million in the August-October 2018 period, the Central Statistical Office…

Demand was massive for a 50 billion forint lot of Hungary’s 3-month discount Treasury Bills on Tuesday, as a result of which the average yield…

The stock of equity held by Hungarian household has increased close to a record level, which is not attributed to rising share prices, but to…

Ryanair has announced its new summer 2019 schedule that includes the most flights for Budapest so far. It will kick off the season in the…

Following Ed Sheeran, Sziget, one of the biggest multicultural music & arts festivals in the world, has added Foo Fighters and Florence + The Machine…

Hungary’s Finance Minister Mihály Varga and Minister of Innovation and Technology László Palkovics announced late on Monday that the National Competitiveness Council adopted a new…

Bank sales in the former Yugoslav republics have started to pick up. Austrian and Hungarian lenders may be among bidders for stakes, Bloomberg reported. The…

Hungary’s Finance Minister Mihály Varga and Minister of Innovation and Technology László Palkovics announced late on Monday that the National Competitiveness Council adopted a new…

ING Bank has obtained over 33.7 million shares of Hungarian fuels group Mol via a share option agreement, and the two companies have entered into…

Morgan Stanley has raised its target price for Hungary’s OTP to HUF 13,800 from HUF 13,200 previously. The new TP offers a 20.4% upside potential…

One of the most known French economists, Ludovic Subran, has shared his thoughts about the world economy, Europe and Central and Eastern Europe at Portfolio’s…

After six months of struggling voluntary and private pension funds in Hungary have finally recovered, and made profits on their investment in the third quarter…

Hungarian oil and gas group Mol is to lower the wholesale list price of 95-octane gasoline by HUF 8 and the price of diesel by…

It’s clear that all eyes will be on the G20 summit this week, as the U.S. President can finally meet his Chinese counterpart, and reportedly…

Is it possible to build a global brand from Hungary? This question was answered by Joerg Bauer, Chairman-CEO of Tungsram, at Portfolio’s Business and Finance…

“It’s such a good deal that it won’t last for long”, cried hundreds of business owners in response to the suggestions of setting up an…