Continuing the trend of previous years, Gránit Bank achieved growth above the sector average in 2024. The balance sheet total increased 3.5 times more than the banking sector average, and grew 229 times in 15 years, the Hungarian financial institution told MTI on Wednesday. Gránit Bank said in a statement that the bank and the […]
Real estate broker Duna House will pay a dividend of HUF 874.345 million, of which HUF 750 million will be paid on ordinary shares at HUF 21.81 per share and HUF 124.345 million on employee shares, the company announced on the website of the Budapest Stock Exchange (BSE) on Wednesday, following its annual general meeting. […]
ANY Security Printing PLC has been present on the Hungarian securities market for two decades. We are pleased to announce that the Company closed the 2024 financial year with favorable results. Our revenue exceeded HUF 70 billion, with the larger portion — similarly to 2023 — originating from international markets, the company said on the […]
The travel mood did not diminish after Easter either, so, 664,000 tourists visited Hungary during the April holiday period, with 36% more guests staying in Hungary between April 17 and 27 than during the spring break last year, Visit Hungary, a subsidiary of the Hungarian Tourism Agency, told MTI on Wednesday, based on data from […]
The volume of Hungarian exports surpassed the same period of the previous year’s level by 5.0%, that of import by 6.4% in March 2025. The surplus was EUR 1.8 billion, the balance grew by EUR 173 million, year-on-year, the country's Central Statistical Office (KSH) reports. The adjusted volume of export diminished by 0.3% compared to […]
The Mol Group and Turkish Petroleum have signed concession agreements with the Hungarian Ministry of Energy, allowing them to launch joint hydrocarbon exploration in two concession areas in Hungary, Tamási and Buzsák, Mol announced on Wednesday. The joint tender and exploration program is the first significant step since the two companies signed a strategic partnership […]
MVM Group's profit fell by 12% year-on-year to HUF 324 billion last year, the company, which is a dominant player on the electricity market in Hungary, told MTI on Wednesday. Turnover fell by almost the same amount to HUF 4,534 billion by the end of 2024. The decline was attributed to the impact of energy […]
For small businesses, an online presence is essential, which has become a key competitiveness factor in recent years, said Tamás Sipos, head of Magyar Telekom's small and medium-sized enterprises (SME) segment, presenting the results of a representative survey conducted by Ipsos on behalf of Telekom at a press conference in Budapest on Wednesday. Those who […]
The volume of Hungary’s gross domestic product stagnated according to raw data and was 0.4% lower according to seasonally and calendar adjusted and reconciled data in the 1st quarter of 2025 than in the corresponding period of the previous year, the country’s Central Statistical Office (KSH) reported on Wednesday. Compared to the previous quarter, the […]
Erste Bank Hungary Plc. (EBH) will pay a dividend of HUF 110 billion to its sole shareholder, the Austrian Erste Group Bank AG, after its 2024 financial year, the Erste Bank Hungary Plc. announced on the website of the Budapest Stock Exchange on Tuesday. According to the published written shareholder resolution – passed on April […]
Brand loyalty is less and less influential in consumer decisions, but value for money is more important than ever in retail, the international consultancy firm Ernst & Young (EY) told MTI on Tuesday. According to a survey by the consultancy, a third of shoppers do not even look at brand names, and two-thirds do not […]
The University of Pécs (PTE) and Deutsche Telekom (DT) IT Solutions are creating a new IT and telecommunications center for the approximately one thousand students of the Faculty of Engineering, Informatics and Natural Sciences, the higher education institution told MTI on Tuesday. In their statement, they wrote that the so-called DT Excellence Center will offer […]
Market Építő Plc.'s after-tax profit reached HUF 30.51 billion in 2024, an increase of more than HUF 9 billion compared to the same period last year, while the construction company's revenue decreased from HUF 321.69 billion in 2023 to HUF 307.43 billion in 2024, the construction company said on Tuesday on the Budapest Stock Exchange […]
Graphisoft Park that includes industrial and office facilities in Budapest produced in 2024 a pro forma net profit EUR 7.96 million, which – in line with its previous forecast – exceeds the exceptionally high result of the previous year – which is also due to one-off items – by approximately EUR 100,000, or 1%, the […]
At its meeting on April 29, 2025, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to leave unchanged the central bank interest rates (base rate at 6.50% and the overnight deőposit rate at 7.50%) with effect from April 30, 2025. The National Bank of […]
