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 […]
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 […]
