There is little talk of a Hungarian stock that has consistently beaten even the US stock market over the past 10 years. It is the US dollar-denominated share of Állami Nyomda (ANY Security Printing Company), an expert from Concorde Értékpapír Plc. writes on the financial portal portfolio.hu. Perhaps the most stable company on the Hungarian […]
The real estate development firm CORDIA International Ingatlanfejlesztő Zártkörűen Működő Részvénytársaság has informed investors on the website of the Budapest Stock Exchange in relation to CORDIA 2026/I HUF Kötvény and CORDIA 2030/I HUF Kötvény ('Cordia Bond') about converting the company to Societas Europea private company limited by shares. As the statement points out, CORDIA's Board […]
The National Bank of Hungary (MNB) will increase the amount of euro liquidity offered on swap tenders, the central bank said on Wednesday. The tenders will be announced with a total amount of EUR six billion, instead of EUR five billion. As the financial website portfolio.hu notes, MNB is committed to achieving the inflation target […]
We can't complain, this year's Sziget festival has a realistic total of 420,000 visitors, even if it is 30,000 less than last year. In 2022, the two-year hiatus due to COVID generated a huge demand for festival-going, Sziget's chief organizer, Tamás Kádár told MTI on Wednesday. "During the two missed seasons, there was a huge […]
Hungary’s gross domestic product decreased by 2.4% according to raw data and by 2.3% according to seasonally and calendar adjusted and reconciled data in the 2nd quarter of 2023 compared to the corresponding period of the previous year, the Central Statistical Office (KSH) reports. Analysts note that this Hungarian GDP data is the third worst […]
The layoffs at IBM's Vác plant (north of Budapest) will be carried out gradually in consultation with the works council and the union until the end of production activities, scheduled for the first quarter of 2024; production will be transferred to Mexico, and some of the Vác employees will be transferred to other IBM units, […]
The volume of industrial production declined in June 2023 in Hungary by 3.8%, year-on-year. Based on working-day adjusted data production fell by 6.1%. Analysts note that industrial production has been declining in the country for seven months now. Production dropped in the majority of the manufacturing subsections, at the same time production volume grew in […]
The MNB's statistical balance sheet for July is out: cash holdings have fallen, foreign claims and government deposits have risen, and the banking system is holding good reserves. The average stock of cash in circulation continued to fall in July, according to fresh data from the National Bank of Hungary (MNB). There is HUF 19.6 […]
Assets under management in investment funds increased by five percent, or HUF 564 billion, to HUF 11,915 billion in July, the Association of Investment Fund Managers and Asset Managers of Hungary (Bamosz) told MTI on Monday. The statement highlighted that HUF 117.8 billion of capital left money market funds, while the assets of the category […]
The amount financed on the Hungarian leasing market totaled HUF 429.11 billion in the first half of the year, up 2% year-on-year, while the number of contracts decreased by 7%, the Hungarian Leasing Association informed MTI on Monday. The organization added in a statement that adjusted for last year's one-off HUF 50 billion real estate […]
The Master Good Group, owned and run by Hungary's oldest poultry farming dynasty, currently produces 35-40,000 tons of its poultry manure, called Bio-Fer, annually, but will triple its production capacity in the next three years. This will create the largest organic manure plant in Europe. The Group hopes to improve the soil quality of Hungarian […]
The stock index of the Budapest Stock Exchange (BSE) rose to a record close this week, with the BUX 56 closing at 114.41 points on Friday, up 3.89% on the week to 2,102.35 points, MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover on the stock market was […]
In the food courts, set up in the festival area, there is a strong focus on convenience services, an expanded international menu and special diets will be available. Festival-goers are sure to find a food court within a radius of about 150 meters, according to the organizers quoted by the financial website portfolio.hu. A total […]
A 32-year-old Hungarian woman has become the ten millionth visitor in the history of the Sziget Festival. The lucky festival-goer was greeted at the entrance on Friday by the main organizer, Tamás Kádár. Veronika Mikes, who arrived at the event around noon on Friday, received a lifetime pass to the festival, a rainbow flag commemorating […]
With the adoption of the Temporary Crisis and Transition Framework (TCTF), the aim of the European Commission is to ensure that the objectives of the European Green Deal will be achieved, the Hungarian Investment Promotion Agency reports. In response to this challenge, a new subsidy scheme is introduced in Hungary under Government Decree No. 210/2014 […]
