Last year, the number of users of Wallis Car Sharing Plc.'s service wigo increased by almost 30% to over 100,000, with customers covering 15 kilometers in an average 52-minute trip, for a total of 8 million kilometers, the same as in 2022, the company told MTI on Monday. According to the information sheet, the number […]
Both voluntary and private pension funds in Hungary ended 2023 with returns well above inflation. According to calculations by the financial website enpenzem.hu, the vast majority of pension funds grew by 20% or more in 2023, making up for losses in 2022. The National Bank of Hungary (MNB) expects annual average inflation to be around […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 61,454.62 points on Friday, up 1.38% to 834.61 points from a week earlier, MTI reported Sunday morning with a brief analysis of the week’s trading. Weekly turnover on the stock market was HUF 33.6 billion, up from HUF 13.6 billion the […]
As we usher in the new year, Hungary finds itself at the crossroads of fiscal challenges and economic resilience, with the government acknowledging a significant overshooting of its budget deficit estimate for 2023. The implications of this unexpected development reverberate beyond national borders, impacting investor confidence and raising questions about the credibility of Hungary's fiscal […]
Industrial producer prices were 6.6% lower on average in November 2023 compared to one year earlier. Domestic output prices were cut by 1.9% and non-domestic output prices by 8.9%, the country's Central Statistical Office (KSH) reports. The development of industrial producer prices was influenced among others by the annual strengthening of the forint against the […]
OTP Bank Plc. has announced on the website of the Budapest Stock Exchange that the Metropolitan Court of Registration has registered a capital increase at Merkantil Bank Plc. Accordingly, the registered capital of Merkantil Bank Plc. was increased to HUF 3,000,000,000 from HUF 2,000,000,000. Merkantil Bank started its operations in 1988 as a subsidiary bank […]
Vajda-Papír Ltd. has acquired a majority stake in Vajda-Papír Scandinavia AS, a Norwegian company that has been part of the Vajda-Papír Group for more than ten years, Attila Vajda, Managing Director of Vajda-Papír Ltd., told MTI. He justified the transaction on the basis of economic considerations, improving efficiency and the creation of a large corporate […]
This year marks the 100th anniversary of the founding of the National Bank of Hungary (Magyar Nemzeti Bank – MNB), which is commemorating the past 100 years with special programs, events and publications. A Tuesday statement by MNB says that the independent national bank is one of the most important symbols of Hungary's sovereignty, and […]
The editors of Condé Nast Traveller, one of the world's leading travel magazines, have again compiled a list of the world's most stunning hotels. The carefully selected 2024 Gold List includes the Four Seasons Hotel Gresham Palace in Budapest. As the magazine points out, this collection of 68 resorts and hotels represents hundreds of hours […]
In accordance with Prime Minister Viktor Orbán's decision, the Ministry of Economic Development continues its activities under a new name, the Ministry of National Economy, from January 1, the Ministry told MTI on Monday. The aim of the transformation is for the Ministry to support the government's primary economic policy goal for 2024, the restoration […]
"We stand on the threshold of 2024 full of expectation and hope, confident that we can face our tasks with renewed energy, vitality and momentum," the President of the Republic, Katalin Novák said in her New Year's greeting broadcast by public media after the singing of the National Anthem on Monday. "We trust in talent, […]
