One of Europe's biggest popular music festivals, the Sziget Festival, has kicked off again this year with huge interest - it is is being held for the 30th time. And visitors have already started to fill Óbuda Island, the festival's venue. This year's festival takes place between August 10 and 15. There will be more […]
In the past three years, the National Bank of Hungary (MNB) has reduced the carbon footprint of its operations by nearly 60%, double the amount it had previously undertaken, thus saving the environment from the emission of 2-3,000 tons of carbon dioxide annually, the central bank said in a statement sent to MTI on Thursday. […]
OTP Group achieved consolidated adjusted profit after tax of HUF 283.940 billion in the second quarter, significantly better than analysts' expectations, exceeding the previous quarter by 52% and the year-earlier quarter by 75%, the financial institution reports. The analyst consensus was for a quarterly consolidated adjusted profit after tax of HUF 194.723 billion, which implied […]
The picturesque landscapes and historic charm of Hungary have long been a draw for travelers seeking unique experiences. However, the idyllic scene has been marred by a financial storm as global accommodations giant Booking.com faces backlash for failing to make timely payments to its Hungarian hosts and hotel partners. The repercussions are dire, with numerous […]
Erste Bank Hungary's profit after tax, including one-off effects, amounted to HUF 46.7 billion in the first half of the year, compared to HUF 4.4 billion in the same period last year and HUF 31.7 billion in the first half of 2021, the CEO of Erste Bank Hungary, Jelasity Radovan said at a press conference […]
The 2023 H1 pro forma net result of EUR 3.68 million is significantly, by EUR 900,000, or 32% higher than the same period of the previous year, and is also more favorable than the previously published forecast for 2023, the company managing an industrial park primarily occupied by offices and laboratories of information technology and […]
Group revenue increased by 14.0% year-on-year in Q2 2023, owing to continued strong demand for mobile data and fixed broadband services coupled with the positive effects of inflation-based fee adjustments implemented in Hungary. The mobile service provider reported on the website of the Budapest Stock Exchange that gross profit improved in line with revenue trends, […]
The Hungarian pharma company Gedeon Richter Plc. and Mithra Pharmaceuticals of Belgium have signed a binding supply agreement for the active pharmaceutical ingredient (API) for the combined oral contraceptive Estelle® and Donesta®, a novel product candidate for the treatment of post-menopausal symptoms. The agreement, announced on the website of the Budapest Stock Exchange, specifies that […]
Biotechnology company GenePlanet, a partner of SYNLAB Hungary Ltd., will enter the Hungarian market with new genetic screening services, the biotechnology company told MTI on Monday. The company has raised EUR 20 million in capital for its global growth. According to the statement, in addition to the partnership with SYNLAB Hungary Ltd., GenePlanet has also […]
The value of export was 11% higher, while that of import 4.7% lower in EUR terms in June 2023 than in the same period of the previous year. The balance of the external trade in goods improved by EUR 1.9 billion, the Central Statistical Office (KSH) reports. Compared to the previous month, the level of […]
The role of financial planning has become more important for Hungarians, with more than half of them regularly keeping track of household income and expenditure, according to a representative survey conducted in May by Provident Pénzügyi Zrt.'s parent company International Personal Finance. As the summary sent to MTI on Monday points out, the survey measured […]
The EFOTT and the Campus Festival attracted a large number of guests this July, the Hungarian Tourism Agency (MTÜ) told MTI. EFOTT, originally launched as the National Tourism Meeting of University and College Students, was again hosted in Sukoró, near Lake Velence, southwest of Budapest, where almost nine thousand guest nights were spent between July […]
The domestic fintech sector in Hungary has continued to grow, with the number of active fintechs increasing to 175 in 2022, employing nearly 9,000 people, with a significant increase in revenue and improved profitability, according to the Fintech and Digitalization Report by the National Bank of Hungary (MNB). The sector appears to be entering a […]
The Budapest Stock Exchange's (BSE) share index, the BUX, rose 1.26% to 672.22 points last week, closing at 54,012.06 points on Friday , MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover on the stock market rose to HUF 44.48 billion from HUF 41.61 billion the previous week, […]
While Hungary's overall overconsumption rate, an indicator of the rate of Earth's resources depletion, is worse than the global average, the country is among the leaders in the international field in terms of plastic waste management, according to a new report on Plastic Overshoot Day. The financial portal portfolio.hu quotes from the report that Hungary's […]
