Manufacturing Sector Rebounds with New Orders and Production Volume Growth The seasonally adjusted November Purchasing Managers Index (PMI) stood at 50.3, with respondents reporting a slight expansion in November compared... 2024.12.03.
MOL Secures Third Spot in CEE Rankings, despite Decline in Revenue MOL's Tiszaújváros (northern Hungary) plant. After three years, the automotive and transport sectors have regained the lead, but 2024 does... 2024.11.20.
From Stagnation to Growth: Economic Revival Predicted for Next Year The Hungarian economy may expand at a slow pace of below 1% this year, partly due to the unfavorable international... 2024.11.15.
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.
Hungary Moves up Two Places in Global Wealth Ranking Global household financial wealth grew by 7.6 percent in 2023, offsetting losses from the previous year, according to the newly... 2024.09.25.
Net Wage Boom Expected in 2025 Wage outflows in the Hungarian economy may remain strong, with the expected increase in the minimum wage firmly supporting double-digit... 2024.09.10.
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.
Statistical Office Reports Surging Salaries in May In May this year, the average gross earnings of full-time employees were HUF 652,000 (EUR 1,657), with average net earnings,... 2024.07.25.
Domestic Household Wealth Reaches a New Record High The stock of financial assets held by Hungarian households rose to an unprecedented level in the first quarter of the... 2024.05.22.
Central Statistical Office Reports Growth in Average Wages In January, the Central Statistical Office (KSH) reported that the average gross wage of full-time employees was HUF 605,100 (EUR... 2024.03.28.
Gedeon Richter Pharma Company Anticipates Double-Digit Growth Gedeon Richter, the renowned pharmaceutical giant, is gearing up for another year of exceptional growth and expansion, building on its... 2024.03.01.
Employment and Real Incomes Surged in Q4 of 2023 Employment in Hungary saw significant strengthening throughout 2023, marking a turnaround from previous declines in real incomes. This positive trajectory... 2024.02.06.
Minister Encourages U.S. Companies to Reinvest Their Profits in Hungary One of the American Coca-Cola plants in Hungary The Minister of National Economy Márton Nagy gave a presentation at the... 2024.02.02.
Inflation Back to Long-Anticipated Single Digit The Minister responsible for the Prime Minister's office Gergely Gulyás had informed at the Government Info regular press conference that... 2023.11.09.
IMF Maintains Its Previous GDP Predictions IMF building at night. Photo: IMF/ Facebook. In its latest quarterly prognosis, the IMF maintains its previous forecast of 3%... 2023.10.11.
Economic Performance Still Weak, but Worst is Behind Us The Hungarian economy will return to growth in the second half of the year, and next year it could perform... 2023.08.16.
Central Bank Governor Calls Sustainability the Challenge of the Century The greatest challenge of the 21st century is to create environmental sustainability, and to achieve a sustainable growth path we... 2023.03.30.
Poland Remains EU’s Third Largest Exporter to Russia According to a report by Polish news portal Forsal.pl, in the second half of 2022, Poland's exports to Russia had... 2023.03.23.
Prospects for Hungary’s Economy Stable Hungary's economy is expected to maintain its position in the top third of the World Economic League Table over the next... 2022.12.27.
Single-digit Inflation Towards the End of 2023 Global inflation has started to decline, inflation is past its peak and consumer price growth in Hungary could return to... 2022.12.21.
