Continuous Growth in Consumption for Eight Consecutive Months August retail sales in Hungary showed significant growth, with a 4.1% increase month-on-month and 0.8% year-on-year, raising hopes for a... 2024.10.08.
Cofidis Credit Provider Acquires Hungarian Cetelem Bank The financial services provider Cofidis Group announced the successful completion of the acquisition of Magyar Cetelem Bank, the Hungarian subsidiary... 2024.10.01.
National Bank Increases Gold Reserves to a Record High In view of Hungary's long-term national and economic strategic goals, the Hungarian National Bank (MNB) decided to increase its gold... 2024.10.01.
Long-term Cooperation between MBH Bank and Bank of China in Sight Bank of China Headquarters in Beijing MBH Bank and the Hungarian branch of Bank of China Limited have signed a... 2024.09.27.
MBH Mortgage Bank Boosts Green Financing MBH Mortgage Bank is enhancing green real estate financing with an additional HUF 8.6B (EUR 21.1M). In its recent green... 2024.09.25.
National Bank Cuts Base Rate Amid Easing Inflation The Hungarian National Bank (MNB) has reduced the base rate by 25 basis points, bringing it down to 6.5%. Both... 2024.09.25.
Finance Minister Holds Talks with Head of Leading Chinese Bank Continuing the work of the past decade, we will further strengthen Hungary's financial role in the Central and Eastern European... 2024.09.25.
Shares of Two Hungarian Companies Listed in the Regional Index of Vienna Stock Exchange The Vienna Stock Exchange has decided to include Hungarian AutoWallis shares in the CECE index of Central and Eastern European... 2024.09.19.
Domestic Interest Rates to Fall in Line with US and European Central Bank Trends The Hungarian National Bank (MNB) may follow the US and European central banks in cutting interest rates after the summer... 2024.09.18.
IMF Expects Hungary to Lead EU Growth and Supports Its Policies Building of the Ministry of Finance in Budapest The IMF (International Monetary Found) expects Hungary’s economy to lead EU growth... 2024.09.13.
Patriots for Europe Demand EU Budget Reform The Patriots for Europe (PfE) Group, backed by the Fidesz-KDNP Group in the European Parliament, has called for substantial changes... 2024.09.13.
Hungary a Leading Destination for Chinese Investment Shanghai skyline Hungary’s Minister for National Economy, Márton Nagy, recently met with the heads of the Bank of China and... 2024.09.04.
New In-store Payment Option to Offer Retailers Cheaper Digital Solution An important new feature is coming to life in Hungarian mobile banks: from September 1, all bank customers will be... 2024.09.02.
Unchanged Base Rate Strengthens the Forint Against Other Currencies Building of the Hungarian National Bank The forint strengthened against major currencies after the Monetary Council of the Hungarian National... 2024.08.28.
Bank Rate Changes Affect Loan Terms and Property Prices for Average-Income Buyers A recent press release by money.hu reveals significant changes in bank interest rate discounts linked to income credits during the... 2024.08.13.
OTP Bank’s Profit Exceeds Expectations In the second quarter of this year, Budapest-based OTP Bank achieved a consolidated adjusted profit after tax of HUF 267.930... 2024.08.09.
July Budgetary Surplus Marks Significant Improvement in Public Finances The Government is enhancing public finances despite external challenges, showing notable progress in budget management and fiscal balance. According to... 2024.08.09.
MOL Group Reports Robust Q2 Financial Results Amid Market Pressures MOL Group reported a strong financial performance in the second quarter of the year, with adjusted EBITDA reaching USD 825M,... 2024.08.09.
Inflation Remains Steady in July, Economic Outlook is Positive In July 2024, the inflation was 4.1 percent annually, matching market expectations and remaining low, according to the Hungarian Central... 2024.08.08.
Telekom Reports Record Revenue Surge and Profit Growth for Q2 2024 Magyar Telekom reported a significant surge in revenues and profits for the second quarter of 2024. Net profit after tax... 2024.08.08.
Pharmaceutical Company Gedeon Richter Reports Robust First Half of 2024 In the first half of 2024, Gedeon Richter reported consolidated revenue of HUF 419.69B (EUR 1.05B), a 1.5 percent increase... 2024.08.06.