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.
Young People’s Personal Income Hits Record High Young people's personal income reached a record high in the second quarter, with the monthly net amount surpassing HUF 200,000... 2024.08.05.
Budapest Stock Exchange Hits Record Turnover in July The Budapest Stock Exchange's (BÉT) leading index, the BUX, closed at a record high of 74,051 points in July, marking... 2024.08.02.
Hungarians Are Becoming more Financially Aware, Survey Finds The financial situation of Hungarians has improved compared to the previous year in several respects: the number of those who... 2024.07.24.
Hungarian Students Excel in Financial Literacy In the PISA 2022 Financial Literacy Framework, Hungarian students performed exceptionally well, with 81.7% demonstrating financial skills at or above... 2024.07.23.
Finance Minister: Our EU Presidency’s Goal is Enhancing Competitiveness Hungary's six-month presidency of the Council of the European Union aims to enhance the EU's competitiveness, crucial as Europe faces... 2024.07.17.
Survey Shows Rising Optimism and Investment in SMEs The National Association of Entrepreneurs and Employers (VOSZ) reported no tension in the labor market of domestic enterprises, with no... 2024.07.17.
Hungary Edges Closer to Meeting 2024 Budget Deficit Target The transparency of budgetary policy has markedly declined since the onset of the pandemic. This is evident from the absence... 2024.07.15.
Hungary Could Face Third Excessive Deficit Procedure in Ten Years The European Commission has decided that an excessive deficit procedure is warranted for Hungary and six other EU member states,... 2024.07.11.
Unexpected Fall in Inflation Rate Surprises Analysts Despite analysts' expectations of stagnating inflation, Hungary saw a surprising decrease in the rate of monetary deflation in June, following... 2024.07.10.
Ministry of Finance Adds Russia to Financial Blacklist Russia has been blacklisted, following a tax-related decree issued by the Hungarian government, reports Index. This move is not unprecedented,... 2024.07.10.
Budapest Attracts Israeli Investors with Promising Real Estate Opportunities Metrodome Group is launching its first representative office in Israel, offering investors an exciting opportunity in Budapest, reports Jerusalem Post.... 2024.07.09.
Apple Mistakenly Refunds User HUF 254 million Apple refunded HUF 254 million (EUR 643,014) to a Hungarian user's Apple Pay mobile payment and mobile wallet service-registered card,... 2024.07.03.
First Quarter 2024 Deficit-to-GDP Ratio Stands at 5.4 Percent According to preliminary data released by the Hungarian Central Statistical Office (KSH) on Tuesday, the government sector recorded a deficit... 2024.07.02.
European Economic Sentiment Declines in June, but Hungary Shows Improvement The Economic Sentiment Index (ESI) worsened in June for both the euro area and the European Union, as reported by... 2024.06.28.
Expanding Liability: New Insurance Rules for Electric Scooters As we earlier reported, compulsory motor vehicle liability insurance requirements will extend to micro-mobility devices in Hungary, including electric scooters... 2024.06.26.
Economy Rebounds with Budget Surplus in May The building of the Ministry of Finance The Hungarian economy has returned to growth, with the budget supporting pensions, family... 2024.06.25.
Inflation Forecasts Adjusted amid Growth Prospects The central building of the Hungarian National Bank András Balatoni, Director of Economic Forecast and Analysis Directorate at the Hungarian... 2024.06.21.
