According to a survey conducted by GKI Economic Research Co. with the support of the EU, the GKI economic sentiment index edged upwards in April. Both consumer and business outlooks in Hungary showed a slight improvement compared to March. While firms’ employment intentions remained unchanged from the previous survey, the aggregate expectation regarding future sales […]
Residential property sales in Budapest, the county seats and county-level cities were significantly shortened in the first quarter of this year, according to the latest analysis by the property website ingatlan.com. According to the summary sent to MTI, the extremely buoyant demand is shown by the fact that owners of residential property in Budapest found […]
Chery Automobile of China signed an agreement with Grand Automotive for the representation of the Chery car brand in Hungary, the Hungarian company told MTI. According to the statement, sales are expected to start in late summer or early autumn with two SUV models, which will be available in conventional petrol and plug-in hybrid (PHEV) […]
Budapest's first integrated transport exhibition and training space, WEMOVE, has opened to showcase the future of urban mobility, in cooperation with the Future Mobility Alliance, the Hungarian Automobile Club and Westend. A statement from the organizers quotes András Kárpáti, president of the Future Mobility Association, as saying that the park was created to showcase the […]
Based on the decision of its Annual General Meeting, AutoWallis will not pay dividends, the amount available for this purpose will be placed in the profit reserve to support the company's growth strategy, the company told MTI on Friday. Shareholders approved the company's 2024 report and authorized the board of directors to increase the share […]
Hungary continues to strengthen its position in the pharmaceutical industry as Singapore-based Hongene Biotech has announced the establishment of its first European manufacturing facility in Gödöllő, just east of Budapest. The nearly EUR 94 million greenfield investment will create 150 new jobs and contribute significantly to Hungary’s export performance, according to the Hungarian Investment Promotion […]
In March 2025, the average number of employed persons aged 15–74 was 4,701,000 in Hungary. The number of unemployed persons was 211,000 and the unemployment rate 4.3%, the Central Statistical Office (KSH) reports. In the period January–March 2025, the average number of employed persons aged 15–74 was 4,692,000. The number of employed persons was 2,493,000 […]
Appeninn Plc., which is a major player in the Hungarian real estate market, and also present in the Polish real estate market since 2023, has revealed its short-term sustainability strategy as well as sustainability vision for the next 10-15 years on the website of the Budapest Stock Exchange. According to the report, it is essential […]
Budapest-based pharmaceutical company Gedeon Richter Plc. has received positive opinion from CHMP for marketing authorization for Junod and Yaxwer, its biosimilar denosumab products for bone disease and osteoporosis. Budapest-based pharmaceutical company Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that it received a positive opinion from the Committee for Medicinal […]
Masterplast Plc. has stabilized its financial management in the 2024 financial year, primarily by reorganizing its operational processes, increasing production efficiency and making redundancies, the company’s CEO Tibor Dávid announced at the group's investor briefing on Thursday. Speaking at the event, held at the group's headquarters in Sárszentmihály, southwest of Budapest, the CEO said the […]
PannErgy Plc. will not pay a dividend this year, and the profit for 2024 will be transferred to the profit reserve, according to a resolution published on the website of the Budapest Stock Exchange (BSE) on Friday. The general meeting approved the 2024 parent company income statement with a profit after tax of HUF 148 […]
OTP closed the most successful year in its history in 2024, the bank achieved outstanding profitability, its capital position is extremely stable, and it is the market leader in the region, the bank's CEO, Sándor Csányi said at the annual general meeting of the company in Budapest on Friday. He stated that OTP had acquired […]
According to preliminary data, 5,885 children were born and 11,198 people died in March 2025, the Central Statistical Office (KSH) reports). The number of births lessened by 8.9%, that of marriages by 2.0%, while that of deaths increased by 4.9% compared to the same month of the previous year. In March 2025:A total of 5,885 […]
Job seekers in Hungary are showing increased interest in new opportunities even as employers remain cautious with their hiring plans, according to the latest quarterly report from Profession.hu, the country's leading job portal. While job advertisements decreased by 1% in the first quarter of 2025 compared to the same period last year, applications jumped by […]
MBH Bank held its Annual General Meeting, at which shareholders approved the individual and consolidated financial statements of the bank prepared in accordance with International Financial Reporting Standards, as applicable for 2024 and voted on the other items on the agenda, the bank has announced. The report says the company's year 2024 was in line […]
