PriceWaterhouseCoopers (PwC) is expanding in Eastern Hungary, the international financial and business consultancy firm is opening an office in Debrecen. PwC Hungary said on Wednesday that the company, which has been present in Hungary for more than 30 years, will help its clients in a number of specialized areas in addition to its three main […]
Businesses are not very optimistic about their prospects, which is also reflected in the fact that they are cutting back on their investment and employment plans, President of the German-Hungarian Chamber of Industry and Commerce (DUIHK), András Sávos, said on Wednesday at the presentation of the body's 2023 fall business survey. In the DUIK's survey, […]
Erste Bank Hungary Plc.'s operating profit increased from HUF 67.4 billion to HUF 150.4 billion in the first nine months of this year compared to the same period last year, the company told MTI on Wednesday. Profit after tax was HUF 89.9 billion, while the bank closed the first nine months of 2022 with a […]
According to research by K&H Bank, building partnerships with other companies can contribute to the success of businesses, and the bank would therefore encourage business partnerships to boost entrepreneurship and improve their prospects, K&H told MTI on Wednesday. According to their data, by September this year, the number of newly registered sole proprietorships had dropped […]
On the 150th anniversary of the unification of Pest, Buda and Óbuda, this Friday, the Budapest Transport Center (BKK) is offering a HUF 150 day ticket, the company told MTI. On Friday, a HUF 150 ticket will allow you to visit the permanent and temporary exhibitions of the Underground Railway Museum, and the party tram […]
Genesys, one of the world's leading artificial intelligence-based global cloud service providers, has opened a new research and development (R&D) center in Budapest, on a 3,000 square meter site in Eiffel Square, it was announced at a press conference on Thursday. The opening of the new R&D center in Budapest demonstrates Genesys' commitment to the […]
The Hungarian oil and gas company Mol is supporting the sustainable operation of the Csepel Center of the Hungarian Interchurch Aid (HIA) with a HUF 20 million solar park, the aid organization said at a press conference in Budapest on Tuesday. At the announcement, it was also emphasized that the relief organization aims to cover […]
In the summer season between April and September 2023, Wizz Air carried a record 33 million passengers on its flights, a 24% increase compared to the same period last year, the airline told MTI on Tuesday. According to the information, the most popular destinations this year were again seaside holiday resorts and historic cities with […]
Alteo Group reported a consolidated net profit of HUF 11.3 billion in the first nine months of the year, an increase of 1% compared to the same period last year, the company said on Monday on the website of the Budapest Stock Exchange. Consolidated earnings before interest, tax, depreciation and amortization (consolidated EBITDA) reached HUF […]
From Friday this week until the dawn of the New Year, the Christmas Market will again be open to everyone in one of the most beautiful locations of Budapest, in downtown Vörösmarty Square. That is where organizers invite people to celebrate the most beautiful holiday of the year under the name 'Vörösmarty Classic Xmas'. The […]
The Budapest Stock Exchange (BSE) share index, the BUX, rose by 192.31 points, or 0.34%, to 57,529.95 points compared with the close of last week, MTI reported Sunday morning along with a brief analysis of the week. Total turnover rose from HUF 29.234 billion to HUF 34.774 billion. Three of the BSE's four leading stocks […]
It was ten years ago in the fall of 2013 that OMV Hungária and SPAR Hungary opened the first OMV Spar express in Budapest, at the gas station on Fehérvári út, in the capital’s District 11. Currently, there are 87 Spar express stores nationwide in Hungary, and approximately 20 million people shop at the stores […]
Budget airliner Wizz Air made an operating profit of EUR 522.9 million in the six months to September 30, compared with a loss of EUR 63.8 million a year earlier. In six months, 33 million passengers were carried, compared with 26.5 million a year earlier. An important factor in the improved results was that while […]
The Japanese company Denso has launched the production of inverters in Székesfehérvár, southwest of Budapest, where the EUR 30 million (HUF 11.5 billion) investment will be used to manufacture one of the most important units for electric cars. Jiro Ebihara, former president of Denso Manufacturing Hungary Ltd., said in a video message during the press […]
Erste Group Bank AG is buying back the 15 % share of its Hungarian subsidiary, Erste Bank Hungary Plc. (EBH), currently held by the Hungarian state-owned Corvinus International Investments Plc, EBH has announced on the website of the Budapest Stock Exchange. The transaction, which is set to close in November, values that stake at HUF […]
