Hungary's Government Debt Management Agency (AKK) sold HUF 140.0 billion of bonds at auction on Thursday, HUF 95.0 billion more than planned, MTI reported this Thursday. AKK sold HUF 20.0 billion of three-year bonds, doubling its original offer after primary dealers bid for HUF 49.4 billion of the securities. Average yield was 6.41%, 3bp under […]
Family-owned agribusiness Door-Baromfi opened a HUF 2bn poultry farm in Somberek (SW Hungary) on Thursday. Half of the investment cost was covered by Hungarian taxpayers through a government grant. Door-Baromfi owner János Door said the company took out an HUF 800 million loan and used HUF 200 million of its own resources for the investment. […]
New passenger car registrations in Hungary rose 7.7% year-on-year to 95,946 in Q1-Q3 of this year, the Hungarian Association of Vehicle Importers (MGE) said on Thursday. Excluding re-exports, the number of registrations rose 5.8% to 82,226. The number of electric vehicles sold during the period climbed 23% to 8,028, boosted by a subsidies scheme. The […]
Hungary's state-owned MVM CEEnergy on Thursday signed a ten-year contract with ENGIE Energy Marketing Singapore for the delivery of an annual 400 million cubic meters of liquefied natural gas (LNG). The contract with French-owned ENGIE for a combined 4 billion cubic meters of gas is Hungary's longest-term LNG contract ever, according to a statement issued […]
Share turnover on the Budapest Stock Exchange (BSE) came to HUF 330.9 billion in September, MTI quoted a BSE statement on Wednesday. Daily turnover averaged HUF 15.0 billion. Wood and Company brokered the highest volume of trades during the month, with double-counted turnover of HUF 189.2 billion. Concorde was runner-up with turnover of HUF 184.8 […]
Hungary's Garantiqa Hitelgarancia was the most active guarantor in Europe last year, an annual report by the European Association of Guarantee Institutions (AECM) shows. In a press release on Wednesday, Garantiqa said that it had headed the AECM ranking for the third year in a row. The report shows outstanding guarantee volume of Garantiqa reached […]
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 51.5 points in September, climbing from 49.1 in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Wednesday. The PMI rose back over the 50-point threshold, signalling an expansion in the manufacturing sector. Among the PMI sub-indices, the new orders index […]
Hungary's government sector had a HUF 480 billion surplus in the second quarter, equivalent to 2.2% of GDP, data released by the country's Central Statistical Office (KSH) on Wednesday show. The deficit of central government amounted to HUF 535 billion, while local governments and social security funds had HUF 137 and 88 billion surpluses. In […]
A scheme supported by the European Union aimed at detecting, documenting and preventing cybercrime, identifying the perpetrators, and recovering the assets affected has been launched by the national police headquarters ORFK and the national protective service NVSZ, police said on Tuesday. The aim of the program is to increase the effectiveness of action against serious […]
The first half of 2025 highlighted the resilience of Cordia International and the strength of its diversified strategy. The real estate development firm delivered a solid revenue of HUF 33.9 billion, representing a 4.3% increase compared to the same period in 2024. Gross profit rose by 9.4% year-on-year to HUF 12.4 billion. Following the sharp […]
The after-tax results of AKKO Invest, listed on the Prime Market of the Budapest Stock Exchange (BSE), were primarily burdened by one-off items, while the company’s revenue, at close to HUF 20 billion, remained at the level of last year’s first half, and its EBITDA, reflecting its business results, remained at a level of almost […]
As part of the Touring K-Arts 2025 program series, Heo Yoon-jeong, master of the Korean zither, and his internationally renowned fellow artists will perform at the Eiffel Workshop on October 6. The free concert will be a unique encounter between traditional Korean music and contemporary performing arts. As part of the Touring K-Arts 2025 (Korean […]
Premiums of the insurance sector will likely exceed HUF 2,000 billion this year, Koppány Nagy, the National Bank of Hungary’s (MNB) director for insurance, said at conference of the the Hungarian Association of Independent Insurance Brokers (FBAMSZ) in Esztergom (N Hungary) on Tuesday. Premiums in the first half of the year reached HUF 1,047 billion, […]
The financial wealth of Hungarian households grew by 13.9% in 2024, which is the fastest pace since the 2008 global financial crisis, according to Allianz's latest Global Wealth Report, as quoted by the economic portal penzcentrum.hu. According to Allianz's latest report, global household financial wealth grew by 8.7% in 2024, exceeding the 8.0% rate in […]
The electricty and gas supply company E.ON Hungaria inaugurated a HUF 2.2 billion grid station in Veszprémvarsány (W Hungary) on Tuesday. The station was built in the framework of Danube InGrid, a cross-border European Union project, said deputy state secretary of the Energy Ministry Márk Alföldy-Boruss. He said the development was helping Hungary move closer […]
