Czech-owned online supermarket Kifli.hu has opened a EUR 15 million logistics base in Biatorbágy, on the outskirts of the Hungarian capital, Kifli.hu Shop Ltd. told MTI. The base has a close to 5,000sqm automated warehouse and will allow Kifli.hu to offer a broader selection of products and faster delivery times to clients in Kifli.hu's delivery […]
National Bank of Hungary (MNB) governor Mihály Varga underscored the impact cooperation and exchanges of experience between central banks could have on economic stability in the region at the 7th joint conference of the Hungarian and Polish central banks in Warsaw. In a statement issued by MNB on Friday, Varga acknowledged the results achieved in […]
Hungarian energy services provider ALTEO Plc. has celebrated its 15th anniversary on the Budapest Stock Exchange (BSE). The company has a portfolio covering almost the entire value chain of the electricity industry and is also a major player in the domestic circular economy. ALTEO's operations are characterized by a commitment to sustainability and value creation, […]
Bahart, which operates ferries and pleasure craft on Lake Balaton, carried 2,326,000 passengers in the 2025 season, up 53,000 from a year earlier, the company said on Friday. Passenger numbers on car ferries rose 15,000 to 1,425,000 and fares on passenger boats climbed 38,000 to 901,000. The company explained that the number of passengers on […]
Third-quarter net income of Hungarian oil and gas company MOL fell 15% year-on-year to HUF 94.8 billion as revenue dropped, an earnings report released ahead of the opening bell on Friday shows. Net sales declined 8% to HUF 2,268 billion. Operating profit slipped 7% to HUF 163.0 billion. MOL noted that EBITDA, at current cost […]
Third-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 4% year-on-year to HUF 330.5 billion, an earnings report published ahead of the opening bell on Friday shows. Net interest income increased 10% to HUF 489.0 billion. Net revenue from commissions and fees climbed 11% to HUF 152.7 billion. For the period Q1-Q3, after-tax […]
Hungary is limping toward next year’s general election with growth stuck near zero, fragile confidence, and a worsening inflation outlook. Industry weakness, labor-cost pressures, and election-year fiscal constraints leave little room for policy error, and few signs, yet, of a self-sustaining recovery. Third-quarter GDP posted no quarter-on-quarter growth, a negative surprise that “keeps the economy […]
WING, one of Hungary’s leading real estate development and investment groups, received prestigious recognition in two categories at the 2025 Portfolio Property Awards Gala. The company’s Liget Center Vitrum development was named Office Building of the Year, while its Polish subsidiary’s Resi4Rent transaction earned the title of Foreign Real Estate Investment Transaction of the Year. […]
Fifteen years after the red sludge disaster, Provident Financial Ltd. contributed to the greening of Devecser with a community tree planting project. As part of its sustainability program, ProviGreen, the financial services provider has contributed one million forints to the development of the town's green areas. Provident Financial Services Ltd. will continue to strengthen its […]
The villages of Mórahalom (SE Hungary) and Hosszúhetény (SW Hungary) have been included on the 2025 ‘Best Tourism Villages’ list of the World Tourism Organization (UN Tourism). At the press conference held in Mórahalom on Thursday to announce the recognition, state secretary Miklós Panyi said the settlement received the award for sustainable tourism development. The […]
The global financial technology company Revolut has officially opened a bank branch in Hungary, the news site telex.hu reports. Revolut Bank UAB has been listed in the Hungarian National Bank's institution finder as a cross-border credit provider entity since February 14, 2022 (after receiving an EU banking license in Lithuania). Now, however, Revolut Bank UAB's […]
Green number plates were issued for 25,500 all-electric cars in January-October this year in Hungary, the Energy Ministry said in a post on social media on Thursday. The Ministry noted that the new annual record for green number plates could exceed 30,000 units this year. The number of green number plates issued to all-electric vehicles […]
According to seasonally and calendar adjusted data, the volume of retail sales remained unchanged compared to the previous month in Hungary. In January–September 2025, the volume of sales – also according to calendar adjusted data – was 2.8% higher than in the corresponding period of the previous year, the Central Statistical Office reports. In September […]
Net income of Hungarian pharmaceutical company Gedeon Richter fell 7% year-on-year to HUF 163.3bn in Q1-Q3, dropping on a financial loss, an earnings report posted ahead of the opening bell on Thursday shows. Revenue rose 7% to HUF 680.2 billion and operating profit climbed 8% to HUF 204.5 billion. A net financial loss of HUF […]
Hungary's MOL Group called for tangible actions to restore Europe's industrial competitiveness, warning that high energy costs, regulatory complexity and burden along with the increasingly fragmented markets were putting the continent's long-term prosperity at risk, in a statement issued on Wednesday. In the statement, the company advocated for a 'European Minimum of Competitiveness' a shared […]
