The Budapest Stock Exchange (BSE) share index, the BUX, ended the week at 102,554.62 points, down 2.80% from last Friday's close. Total turnover increased from HUF 48.21 billion to HUF 91.15 billion on a weekly basis, with leading stocks weakening, the financial website penzcentrum.hu reports. The BUX started the week with a decline due to […]
The Hungarian oil and gas company MOL is exploring geothermal energy and has conducted 3D seismic measurements in and around the Danube Refinery in Százhalombatta, south of Budapest to investigate the potential for geothermal energy utilization. They are looking for high-temperature aquifers in the area that could be used to make the refinery's operations more […]
Service exports calculated in EUR increased by 2.4%, imports lessened by 3.4% in the 2nd quarter of 2025, compared to the same period of the previous year. The surplus reached EUR 3.1 billion, EUR 423 million higher than in the 2nd quarter of 2024, according to the Central Statistical Office (KSH). The export value improved […]
After 23 years, Wendy's may reappear in Hungary: one of the world's largest fast food chains is actively seeking franchise partners in our country. The company's goal is to reach 2,000 international restaurants by 2028, and the domestic market would also play a role in this. As reported by the business portal penzcentrum.hu, the company […]
The surplus of the external trade in goods was EUR 578 million in Hungary in July; compared to the same period of the previous year, the volume of export surpassed by 3.5%, that of import by 1.0% the one year earlier level, the Central Statistical Office reports. The surplus was EUR 578 million, the balance […]
Hungary announced sanctions against a Ukrainian military officer accused of targeting the country’s vital oil supply, escalating tensions between Budapest and Kyiv over Russian energy. Foreign Minister Péter Szijjártó declared that the government would bar Robert Brovdi, a Hungarian-born commander in Ukraine’s armed forces, from entering both Hungary and the Schengen area. Brovdi, widely known […]
In July 2025, the average number of employed persons aged 15–74 was 4,712,000. The number of unemployed persons was 211,000 and the unemployment rate was 4.3%, according to the country's Central Statistical Office (KSH). In the period May–July 2025, the average number of employed persons aged 15–74 was 4,681,000, 30,000 fewer than a year earlier. […]
CATL intends to implement more environmentally friendly and energy-efficient solutions at its Debrecen plant in Eastern Hungary. To this end, the company has submitted an application to the Hajdú-Bihar County Government Office to amend its environmental permit. The company says that thanks to its latest technological developments, it will use less water and energy. The […]
MBH Bank closed the first six months of this year in a solid financial position: its balance sheet total was HUF 12,452 billion at the end of the half-year, and thanks to active lending, the gross retail loan portfolio grew by 10% and the gross corporate loan portfolio by 5.1% compared to the same period […]
According to preliminary data, 6,696 children were born and 8,782 people died in July 2025 in Hungary, the country's Central Statistical Office reports. The number of births lessened by 2.0%, that of deaths by 18% and that of marriages by 11% compared to the same month of the previous year. In July 2025:A total of […]
In the first half of 2025, the Hungarian machinery producer Rába Group's sales revenue amounted to HUF 28.8 billion, down by 8.2% compared to the sales revenue achieved a year earlier, the Group announced on the website of the Budapest Stock Exchange. The two largest subsidiaries contributed to the group-level sales revenue with a decline […]
JYSK has opened its third new store in Hungary - in Körmend in the western part of the country - in the 2024/2025 financial year, following stores in Debrecen, and Ózd, the exonomx.hu portal writes. JYSK is celebrating its 20th anniversary in Hungary this September, and on August 27, the chain's newest Hungarian store opened […]
Compared to spring data, the Hungarian population's ability to save has declined even further: nearly half of those surveyed are unable to set aside any of their monthly income, and one in ten respondents are living in debt, according to the July Barometer survey conducted by Ipsos Plc. on behalf of Provident Financial Ltd. among […]
The Monetary Council of the National Bank of Hungary (MNB) left the central bank base rate unchanged at 6.50% at its meeting this Tuesday. In a statement on its website, MNB says that its primary objective is to achieve and maintain price stability. Without prejudice to its primary objective, the Magyar Nemzeti Bank preserves financial […]
Gránit Bank closed the first half of the year with an after-tax profit of HUF 10.6 billion, compared to HUF 8.4 billion a year earlier. The financial institution attributes its results to significant expansion in business activity, cost efficiency, the quality of its loan portfolio, and dividend income received, according to a flash report published […]
