Hungarian-owned Pek-Snack group, which makes frozen bakery products, had after-tax profit of HUF 619 million in 2025, up 5% from HUF 589 million a year earlier, the company told MTI. Revenue was HUF 12.7 billion, almost unchanged from a year earlier. Exports accounted for 42% of the total. Pek-Snack has an extensive franchise network. It […]
Spot market turnover on the Budapest Stock Exchange (BSE) totaled HUF 565.7 billion in June, representing an average daily trading volume of HUF 25.7 billion; the exchange’s benchmark stock index, the BUX, rose 3.9%, closing the month at 139,892.19 points, the bourse told MTI. On international stock markets in June, investor sentiment was shaped by […]
OTP Bank became the first European Union financial institution to launch a EUR 7 billion Medium Term Note (EMTN) program on the Hong Kong Stock Exchange, the bank said on Wednesday. The launch of the program was celebrated with a gong ceremony on June 30. As the first step of the new program, a EUR […]
The Hungarian currency, the forint strengthened close to 8% against the euro in the first half of this year, taking third place among emerging market currencies after the Brazilian real and the Columbian peso, senior analyst Dávid Németh of K+H Bank said on Wednesday. The forint strengthening is a sign of investor confidence in Hungary, […]
The freedom of the United States also guarantees freedom in Europe, Caroline Savage, the Chargé d'Affaires of the US Embassy in Budapest, said at a commemoration marking the 250th anniversary of the US Declaration of Independence. The ceremony was held at a monument to George Washington in the Hungarian capital's City Park on Wednesday, MTI […]
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 51.5 points in June, rising from 50.2 in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Wednesday. The PMI was over the 50-point threshold, signalling expansion in the manufacturing sector. Among the PMI sub-indices, the new orders index rose 3.7 […]
Hungary's government sector had a HUF 2,090 billion deficit in the first quarter, equivalent to 9.0% of GDP, data released by the Central Statistical Office (KSH) on Wednesday show. The deficit was HUF 838 billion higher, or 3.1 percentage points higher as a proportion of GDP compared to the same period of the previous year. […]
