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.
Food and Service Prices Rise as Energy Costs Fall In July, consumer prices were on average 4.1 percent higher than a year earlier, as reported by the Hungarian Central... 2024.08.08.
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.
Hungarian Satellite Successfully Completes Its Mission The Hungarian CubeSat satellite, called VIREO (Virtual Intelligence Realization for Earth Observation), launched last April, successfully completed its mission on... 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.
BYD Moves to the Forefront in the Hungarian Car Market China's BYD is rapidly increasing its presence in the Hungarian new car market. After its launch in Hungary in October... 2024.08.08.
Air Passenger Compensation for Recent Long Delays Finally Begins In order to enforce the rights of passengers, the Government Office of the Capital City Budapest launched consumer protection authority... 2024.08.08.
Effective Minimum Wage in Hungary among the EU Average The Hungarian effective minimum wage is in the midfield in the European Union, the Ministry for National Economy announced. According... 2024.08.07.
ELTE Researchers Develop Social Robots to Assist Elderly People Researchers from Eötvös Loránd University (ELTE) are working in an international collaboration to develop a fleet of social robots. Their... 2024.08.07.
The Size of Drought-stricken Areas Is Increasing By the beginning of August, the area reported as damaged by drought had reached 75,000 hectares, with tens of thousands... 2024.08.07.
Consumption Continues to Expand for the Sixth Month in a Row Based on the latest data from the Hungarian Central Statistical Office, the volume of retail sales increased by 2.6 percent... 2024.08.07.
Defense Forces to Support EUFOR with our State-of-the-art Helicopter The Hungarian Defense Forces will reinforce the air transport tasks of EUFOR with their new Airbus H225M helicopter from October,... 2024.08.07.
Good Vintage Expected despite the Early Harvest This year saw a record early harvest due to the fact that the grapes received the necessary amount of heat... 2024.08.06.
Significant Changes Ahead for Hungarian Agriculture The Hungarian agricultural sector is set for positive changes, with a more optimistic outlook for the food economy based on... 2024.08.06.
Better Chances of Survival for Kidney Patients thanks to Hungarian Researchers The continuously learning algorithms of a software developed in collaboration with researchers at the HUN-REN Center for Economic and Regional... 2024.08.06.
Alternatives to Gas Transported via Ukraine to Result in Significant Price Increases In late 2023, news broke that the Ukrainian state gas company Naftogaz does not intend to resume transit of Russian... 2024.08.06.
Hungary Affected by German Carmakers’ Difficult Situation during Electric Transition The latest business figures are devastating: sales are falling, the transition to electric cars is delayed, while China is "pushing",... 2024.08.06.
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.
Chinese Loan to Finance Long-awaited Modernization of Dunaújváros Steel Factory The first positive news in months comes from Liberty Steel, buying the assets of Dunaferr, a major player in Hungarian... 2024.08.05.