Activity on Hungary’s credit market showed a general slowdown in October, even though bank lending rates only started to rise sharply in November. Given the rather aggressive monetary tightening pursued by the National Bank of Hungary, the coming months could bring an even more accentuated slowdown in lending. Activity on the Hungarian retail credit market […]
Magyar Telekom, the leading Hungarian telecommunications service provider has announced that the Board of Directors of the Company decided to request the cancellation of admission to trading of its American Depositary Shares (ADSs) on the London Stock Exchange’s International Order Book (IOBU market segment) with effect from December 30, 2021. The company has notified the […]
In September 2021, the volume of exports became 9.1% and that of imports 0.4% smaller compared to the same period of the previous year. Compared to September 2019, the volume of external trade increased by 0.7% in exports and by 4.7% in imports. The deficit was EUR 128 million, the balance deteriorating by EUR 1.3 billion compared to a year earlier. […]
Budapest Airport has been awarded carbon neutral certification for the fourth year in a row, continuing to be one of the 362 airports in the world that operate in a responsible and environmentally friendly manner, fully offsetting the carbon emissions generated by their operations. According to a Budapest Airport press release, the airport management company […]
The entry "Soproni - Óvatos Duhaj" submitted by the brewing company Heineken and the ACG communication agency in the category 'Long-term efficiency' won this year's Platinum Award at the Hungarian round of the annaul Effie Awards for best advertising campaigns. ACG turned ten out of its 13 nominations into awards, which made it the 'Agency […]
Another 192 patients died in the past 24 hours, bringing the total number of deaths in Hungary to 34,713. 11,152 new infections have been confirmed, bringing the total number of people identified as infected in the country since the beginning of the epidemic to 1,114,260, the government information portal said. Meanwhile, the latest data from […]
Duna House Group continued its march in the third quarter of 2021: its quarterly revenue jumped to HUF 3.8 billion (+72% y/y) and its clean core EBITDA jumped to HUF 667 m (+47% y/y). The Group’s clean core proft after tax (PAT) rose by 54% to HUF 494 mn. With an outstanding performance in the […]
Horizon Development’s most recently completed crown jewel, Szervita Square Building transformed downtown Budapest’s urban fabric architecturally and contributed to the revitalization of retail in the area. It completed the Deák Square – Fashion Street – Váci Street triangle, and established Szervita Square as a new retail destination for both tourists and locals, according to a […]
Almost 50 investments are carried out right now in Veszprém county, all of which were decided by the companies involved during the pandemic. Their total value reaches HUF 50 billion, and they contribute to the protection of a total of 12,000 jobs. Thus, there is a constant need for labour force in many areas in […]
Responsibility for a common future is the main reason for the creation of the Planet Budapest 2021 Sustainability Expo and World Summit, Hungarian President János Áder said on Monday at the opening of the event. The Planet Budapest 2021 Sustainability Expo and World Summit, which takes place from November 29 to December 5, will feature […]
From Friday to Sunday, 460 new deaths have been claimed by the coronavirus epidemic in Hungary. So far, official figures show that 34,326 people have died from complications of the new coronavirus infection. In the past three days, 27,830 people have been diagnosed with the new coronavirus, bringing the total number of confirmed infections in […]
Due to the emergence of the more contagious omicron variant, Hungary is also introducing restrictions on travellers from the Southern African region, details of which have been published in the Hungarian Gazette. According to the state news agency MTI, the regulations, which come into force this Monday, will apply to seven countries: the Republic of […]
The European Commission has approved €654 million to Spain and Hungary under REACT-EU following the modification of two European Social Fund (ESF) Operational Programs (OP). According to an announcement by the European Commission, in Hungary, the national OP 'Human Resource Development' will receive an additional EUR250 million for purchasing 13 million doses of COVID-19 vaccines […]
EY Global Delivery Services (EY GDS) is establishing a new global service center in Budapest, where services related to tax consultancy will be in focus. The Budapest center of EY GDS will primarily support EY companies operating in EMEIA countries. By the end of 2024, the company, which has been present in Hungary since 1993, […]
Record weak forint puts Hungarian central bank in tight spotThe Hungarian forint weakened to a record level against the euro this week and Hungarian government bond yields jumped amid a souring of international market sentiment and a surge in COVID-19 cases. The central bank raised the interest rate on its one-week deposit facility in an […]
