Home sales in Hungary fell 2.1% year-on-year to 9,292 in July, a monthly estimate by listed real estate broker Duna House shows. For the period January-July, home sales fell 9.7% year-on-year to 65,846. July saw the more subdued activity typical of the summer months in the Hungarian real estate market: 9,292 sales took place, which […]
4MW/8MWh energy storage systems operated by FEH Solar One Ltd. (a subsidiary of Futureal Energy Partners) have begun operating at five locations within HelloParks’ logistics parks in Maglód, Fót and Páty, all in the outskirts of the capital. According to a Monday announcement by Futureal Energy Partners, the green investment — with a combined capacity […]
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 51.4 points in July, slipping from 51.6 in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday. The PMI was over the 50-point threshold, signaling expansion in the manufacturing sector. Among the PMI sub-indices, the new orders index fell 1.7 […]
The Budapest Stock Exchange’s stock index rose to a new all-time high by the end of the week. The BUX closed at 146,688 points, up 2.24% for the week, while trading volume also exceeded the previous week’s level. Leading stocks all ended the week in positive territory. Weekly trading volume totaled HUF 120.5 billion, up […]
There is enough motor fuel in Hungary; supply is secure and the goal is to ensure that it remains secure tomorrow and the day after tomorrow, the chairman-CEO of Hungarian oil and gas company MOL, Zsolt Hernádi has announced. He said water levels in the Danube, which provides both cooling and industrial water for the […]
The forint was introduced in Hungary on August 1, 1946. The issuance of the new currency was necessitated by the pengő’s incredible rate of inflation following World War II — a level of inflation unprecedented in world history. The forint entered circulation in Hungary on August 1, 1946. By that year, the pengő due to […]
Factory gate prices in Hungary edged down 0.4% year-on-year in June, data released by the Central Statistical Office (KSH) show. Prices for domestic sale were up 1.8% while export prices decreased 1.4%. Domestic prices of the manufacturing sector, which have a 67.6% weight in the PPI, rose 1.1%. Domestic energy prices, which account for 30.0% […]
German-owned discount chain Lidl Magyarország had net profit of HUF 34.6 billion in the business year ended February 28, 2025, up from HUF 26.4 billion a year earlier. Net sales revenue rose to HUF 1,485.8 billion from HUF 1,325.9 billion, according to the financial report published on Friday. Lidl paid more than HUF 64 billion […]
Fully 5,790 children were born and 9,167 people died in Hungary in June, according to preliminary data from the Central Statistical Office (KSH) published on Friday. The number of births fell by 2.6% (157 fewer) compared with June 2025, while deaths dropped by 3.1% (291 fewer). The natural population decrease - the difference between births […]
Hungary's MOL Group said on Friday that it signed an agreement with Shell to buy BG Cyprus Ltd., Shell's 100% subsidiary. BG Cyprus Ltd. holds a 35% interest in the Cyprus Offshore Block 12 containing the Aphrodite gas field in the eastern Mediterranean. The total consideration payable by MOL for the transaction is up to […]
Croatia’s Plinacro and Hungary’s Földgázszállító [Natural Gas Distributor] Plc. (FGSZ) have agreed to increase the capacity of the Croatian-Hungarian natural gas interconnector, the Croatian natural gas transmission system operator has announced. According to a joint statement by the two companies, the capacity of the Drávaszerdahely - Donji Miholjac border crossing point from Croatia to Hungary […]
Analysts reacted with some disappointment to the first estimate of second-quarter GDP data, but welcomed the fact that, after a prolonged period of stagnation, the economy appears to have entered a sustained growth trajectory. According to the first estimate released Thursday by the Central Statistical Office (KSH), Hungary’s gross domestic product (GDP) grew by 1.7% […]
Hungarian transmission system operator MAVIR, acting on orders from the government, will call on several dozen large industrial energy consumers to make voluntary cuts in their electricity usage, Prime Minister Péter Magyar announced in a social media post on Thursday. He said MAVIR will contact cement factories, car and battery manufacturers, chemical plants and other […]
Austria's Erste Group booked first-half net income of EUR 104m at its banking business in Hungary, down 24% from the base period as sectoral taxes — booked for the full year — weighed, an earnings report released on Thursday shows. Net interest income climbed 19% to EUR 243 million and net revenue from commissions and […]
Loaded sea container traffic in Hungary rose 10% year-on-year to 123,258 TEU in the second quarter, the Association of Hungarian Logistics Service Centers (MLSZKSZ) said. Over the past year, imports rose by 12.3% and exports by 7.2%, with imports accounting for more than 70% of total trade. The volume of incoming goods continued to be […]
