Lajos Tihanyi's 1908 painting entitled ‘Market in Baia Mare’ will be one of the featured works of art at the spring auction of the Judit Virág Gallery, the organizers told MTI on Monday. They pointed out that the work of art was thought to have disappeared for almost 100 years, but the lurking work turned […]
After the increased interest of the past months, the residential property market for sale was characterised by a significant drop in demand in April, with interest declining mainly in the capital as investor activity declined, the Hungarian real estate website ingatlan.com reported on Monday, according to its own data. According to the monthly aggregate of […]
Hungary has become a collection and distribution center in the European logistics network, while rail freight transport has been struggling with significant cost increases and profitability problems, intermodal transport has achieved an outstanding 122% growth in 2024, the Association of Hungarian Logistic Service Centers (MLSZKSZ) told MTI on Monday. They explained that according to data […]
Trading on the Budapest Stock Exchange (BSE) was more volatile in April, in line with international trends, with the BUX index rising 3.4% on the previous month to close the month at 92,196.43 points, the BSE told MTI on Monday. It was pointed out that despite international uncertainty, April was a month of high turnover […]
Hungary's economy unexpectedly shrank in the first quarter as industrial weakness offset service sector gains, highlighting vulnerabilities in the export-dependent nation. Gross domestic product fell 0.2% from the previous quarter and remained flat year-on-year, the Budapest-based statistics office reported. The figures fell short of economists' expectations, with Bloomberg's survey having projected 0.4% growth for both […]
Continuing the trend of previous years, Gránit Bank achieved growth above the sector average in 2024. The balance sheet total increased 3.5 times more than the banking sector average, and grew 229 times in 15 years, the Hungarian financial institution told MTI on Wednesday. Gránit Bank said in a statement that the bank and the […]
Real estate broker Duna House will pay a dividend of HUF 874.345 million, of which HUF 750 million will be paid on ordinary shares at HUF 21.81 per share and HUF 124.345 million on employee shares, the company announced on the website of the Budapest Stock Exchange (BSE) on Wednesday, following its annual general meeting. […]
ANY Security Printing PLC has been present on the Hungarian securities market for two decades. We are pleased to announce that the Company closed the 2024 financial year with favorable results. Our revenue exceeded HUF 70 billion, with the larger portion — similarly to 2023 — originating from international markets, the company said on the […]
The travel mood did not diminish after Easter either, so, 664,000 tourists visited Hungary during the April holiday period, with 36% more guests staying in Hungary between April 17 and 27 than during the spring break last year, Visit Hungary, a subsidiary of the Hungarian Tourism Agency, told MTI on Wednesday, based on data from […]
The volume of Hungarian exports surpassed the same period of the previous year’s level by 5.0%, that of import by 6.4% in March 2025. The surplus was EUR 1.8 billion, the balance grew by EUR 173 million, year-on-year, the country's Central Statistical Office (KSH) reports. The adjusted volume of export diminished by 0.3% compared to […]
The Mol Group and Turkish Petroleum have signed concession agreements with the Hungarian Ministry of Energy, allowing them to launch joint hydrocarbon exploration in two concession areas in Hungary, Tamási and Buzsák, Mol announced on Wednesday. The joint tender and exploration program is the first significant step since the two companies signed a strategic partnership […]
MVM Group's profit fell by 12% year-on-year to HUF 324 billion last year, the company, which is a dominant player on the electricity market in Hungary, told MTI on Wednesday. Turnover fell by almost the same amount to HUF 4,534 billion by the end of 2024. The decline was attributed to the impact of energy […]
For small businesses, an online presence is essential, which has become a key competitiveness factor in recent years, said Tamás Sipos, head of Magyar Telekom's small and medium-sized enterprises (SME) segment, presenting the results of a representative survey conducted by Ipsos on behalf of Telekom at a press conference in Budapest on Wednesday. Those who […]
The volume of Hungary’s gross domestic product stagnated according to raw data and was 0.4% lower according to seasonally and calendar adjusted and reconciled data in the 1st quarter of 2025 than in the corresponding period of the previous year, the country’s Central Statistical Office (KSH) reported on Wednesday. Compared to the previous quarter, the […]
Erste Bank Hungary Plc. (EBH) will pay a dividend of HUF 110 billion to its sole shareholder, the Austrian Erste Group Bank AG, after its 2024 financial year, the Erste Bank Hungary Plc. announced on the website of the Budapest Stock Exchange on Tuesday. According to the published written shareholder resolution – passed on April […]
