Despite the extra profit tax, interest rate freeze and credit market slowdown, the Hungarian banking sector made unprecedented profits in the first half of this year. The domestic profit of HUF 676 billion means that for the first time in a long time, the sector's profit on equity rose above 20%. On a non-consolidated basis, […]
Liquid restrictions at Liszt Ferenc International Airport may also be abolished in the near future. The airport management company Budapest Airport is already testing CT equipment that will allow larger quantities of liquids to be brought on board. Liquid restrictions often cause inconvenience to passengers and slow down the check-in process. Budapest Airport informed the […]
The stock index of the Budapest Stock Exchange (BSE) fell this week, closing at 55,504.98 points on Friday, 2.47% lower than a week earlier, MTI reported Sunday morning, along with a brief analysis of the week’s trading. The weekly turnover of the stock market was HUF 52.9 billion, down from HUF 64.8 billion the previous […]
Last year, car-sharing services covered some 23 million kilometers, and hundreds of thousands of people have already signed up for the services of three carsharing companies, GreenGo, ShareNow and Mol Limo, according to a summary from the Future Mobility Alliance. Experts say the growth will continue this year, as while in the past it was […]
The ten millionth electric steering gear has rolled off the production line at Robert Bosch Automotive Steering Ltd. in Maklár, which employs 1,600 people, the company told MTI. The company, which is twenty years old this year, has become a leading firm and one of the largest employers in the region, the statement said. The […]
In August, 8,951 new passenger cars were registered in Hungary, more than 10% fewer than a year earlier, according to DataHouse – a Carinfo.hu report quoted by the financial portal portfolio.hu. This means that the Hungarian car market has shrunk further – down 10.4% compared to August 2022. Looking ahead to 2023, the picture is […]
Although stock markets tend to be subdued in the summer months, the Budapest Stock Exchange had an outstanding month. The BSE's primary stock index, the BUX index, ended the month at 55,775 points, a historical record for the month, following a 4.5% increase, the financial portal portfolio.hu writes. The strong form was also reflected in […]
The Hungarian financial landscape witnessed yet another step in the ongoing monetary easing cycle as the nation's central bank announced a significant rate cut in August. With the ebbing pace of inflation creating room for further rate reductions, all eyes are now on the impending merger of the effective and base rates, set to occur […]
The surplus of the external trade in goods amounted to EUR 1.6 billion in Hungary in June, compared to May the adjusted volume of export decreased by 0.8% and that of import lessened by 1.5%, the Central Statistical Office reports. The volume of export increased by 10% in June 2023, while that of import decreased […]
