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 […]
The decision to establish the planned research institute was made jointly by the Rector's Council of the United Nations University (UNU) and the Hungarian government, at the initiative of the Institute of Advanced Studies in Kőszeg (iASK), NW Hungary. The UNU began operating in 1975 with its headquarters in Tokyo. The institutions of the United […]
Provident Financial Ltd. has been sponsoring the Soroksár SC men's and women's football teams with HUF 50 million per season since 2023, and under the terms of the newly signed agreement, the club can count on Provident for the 2025/26 season as well. The cooperation between the parties extends beyond sponsorship, with club officials also […]
The Budapest Stock Exchange's share index rose amid declining turnover, with the BUX index closing the four-day trading week at 105,513.1 points, up 366.55 points or 0.35%. Weekly turnover fell from HUF 55.54 billion last week to HUF 48.21 billion, with leading stocks strengthening except for Mol. On Monday, the BUX index closed at 105,519.51 […]
Waberer's Logistics Segment and MVM Group have agreed on a new three-year strategic cooperation, under which they will develop a unified, efficient logistics and transport system in the energy sector. The agreement will contribute to increasing MVM's security of supply and operational efficiency, Waberer's Group informed MTI on Friday. The announcement states that Waberer's, which […]
The Hungarian real estate firm Duna House Group had its strongest quarter in Q2 2025. Its quarterly clean core EBITDA jumped 40% to a record HUF 1.7 billion, while clean core profit after tax amounted to HUF 915 million, representing a 32% increase compared to the same period of the previous year, the Group says […]
The volume of investments in Hungary was 8.0% lower according to raw data in the 2nd quarter of 2025 compared to the same period of the previous year, the country's Central Statistical Office (KSH) reports. Compared with the previous quarter, based on seasonally adjusted data, the value of investments lessened by 1.1% at comparative prices. […]
Hungary has reiterated its willingness to host potential peace negotiations between Russia and Ukraine, with Foreign Minister Péter Szijjártó confirming the offer remains open. Speaking in a podcast, Szijjártó said Budapest would provide “fair and safe conditions” if called upon, stressing that Hungary would be pleased to contribute to international peace efforts. The prospect of […]
Following on from the second half of last year, Yettel continued to provide the fastest mobile internet access in Hungary in the first six months of 2025, according to Ookla Speedtest Intelligence and szelessav.net's national average speed measurements, the mobile operator told MTI on Thursday. Based on tests conducted by the independent international organization Ookla, […]
In a joint statement on Thursday, the Ministry of Energy (EM) and the Regulatory Activities Supervisory Authority emphasized that, in order to ensure a secure supply for domestic consumers, it is advisable to rely as much as possible on energy sources available within the country's borders. The steady increase in the amount of energy produced […]
On August 21, the National Bank of Hungary (MNB) issued a special, non-ferrous metal hexagonal collector coin named 'The Former Headquarters of the Red Cross Association' as the 4th element of the coin series presenting the achievements of the National Hauszmann Program. One of the most notable achievements of the National Hauszmann Program to date […]
