Hungary's GDP rose 1.7% in the first quarter from the same period a year earlier, a first reading of data released by the Central Statistics Office (KSH) on Thursday shows. Growth was the same when adjusted for seasonal and calendar year effects. Growth was driven mainly by services, especially professional, scientific, technical and administrative activities, […]
Shareholders of Graphisoft Park, which owns and operates a business park in the north of the capital, approved a 1.83-per-share dividend on 2025 earnings at an annual general meeting, the AGM resolutions show. The dividend includes EUR 0.84 from earnings on regular and recurring activities and EUR 0.99 from one-off revenue. Graphisoft Park reported after-tax […]
Preliminary data show the number of births falling by 2.9% in March compared with the same month of the previous year, while deaths declined by 9.2%, the Central Statistical Office (KSH) said on Thursday. Marriages increased by 15%, it added. Fully 5,752 children were born in March and 10,393 people died, while the natural decrease […]
Nobel Prize-winning physicist Ferenc Krausz has been elected a member of the US National Academy of Sciences (NAS). The announcement on Wednesday was passed on in a statement by the Frontiers Foundation, which he founded. The NAS announced on April 29 that it has elected 120 new members and 25 international members in recognition of […]
Shareholders of listed car seller AutoWallis voted at an annual general meeting to put all of last year's profit into retained earnings, the company said on the Budapest Stock Exchange on Wednesday. It means that in addition to its existing resources, the AutoWallis Group may also allocate its after-tax profit of nearly HUF 5 billion […]
Two new JAS-39 C Gripen fighter jets arrived at the Hungarian Air Force's Vitéz Dezső Szentgyörgyi 101st Air Brigade base in Kecskemét (East Central Hungary) on Wednesday, bringing the fleet to 16 fighter aircraft. At a ceremony marking the delivery and the 20th anniversary of the Gripen's service in Hungary, Colonel General Gábor Böröndi, commander […]
The University of Szeged (SZTE), in SE Hungary, signed a three-year contract on clinical research with the local unit of US-based pharmaceutical company AbbVie the university says in a statement on its website. The agreement was signed by Javier Aracil Corma, AbbVie’s Managing Director for the Adriatic region and Hungary, on behalf of AbbVie, and […]
Consolidated net sales revenue of Hungarian soft drink maker Hell Energy rose 11% in 2025 to HUF 218.3 billion, an earnings report posted on the website of the Budapest Stock Exchange, where the company's corporate bonds are listed, shows. Energy drinks contributed the most to the growth in sales over the past five years, while […]
Balázs Horváth, a journalist for the Hungarian business news portal Economx, received the HUF 1 million grand prize in Provident Financial Ltd.’s “Provident Press Award for the Invisible” competition. The award, presented at a formal ceremony, was granted based on the decision of a professional jury to the professional who most authentically and effectively drew […]
The number of days it took homes in Hungary to sell after they were listed averaged 95 days in January-April, up from 84 days in the same period a year earlier, real estate broker Duna House said on Tuesday. This turn is also indicated by longer sales cycles and a shift in market conditions that […]
Global stars Rick Astley, Matt Bianco, Earth, Wind and Fire Experience, Gregory Porter and Ella Eyre will be among the headliners at the 14th Paloznak Jazz Picnic in W Hungary between August 6 and 8 this year, the organizers said in a statement. "The great value of festivals is their incredible power to build community. […]
Budapest-based carrier Wizz Air will keep its fares low and plans no fuel surcharge or flight cuts due to higher kerosene prices, Chief Commercial Officer Ian Malin said at a press conference in the capital on Tuesday. Fielding questions, he said that around 70% of Wizz Air's summer fuel needs were covered by favourable options, […]
The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 6.25% after reviewing the latest economic and financial developments. The O/N deposit rate and the O/N lending rate also remained unchanged, at 5.25% and 7.25%, respectively. The central bank will continue to ensure positive real interest rates in order […]
The Budapest Stock Exchange (BSE) generated total revenue of HUF 4.338 billion last year, 16% more than a year earlier; EBITDA rose by 22% to HUF 1.680 billion, while net profit, including the contribution from the KELER Group, increased by 65% to HUF 9.635 billion. The company will pay a dividend of HUF 60 per […]
Magyar Telekom has won tenders in a program to undertake gigabit network investments in 16 counties with around HUF 20.3 billion in European Union funding, the company said on Monday. Using these non-repayable EU funds, a fiber-optic cable system providing state-of-the-art internet and TV services will reach an additional 118,000 locations. The planning and permitting […]
