The value of export was 11% higher, while that of import 4.7% lower in EUR terms in June 2023 than in the same period of the previous year. The balance of the external trade in goods improved by EUR 1.9 billion, the Central Statistical Office (KSH) reports. Compared to the previous month, the level of […]
The role of financial planning has become more important for Hungarians, with more than half of them regularly keeping track of household income and expenditure, according to a representative survey conducted in May by Provident Pénzügyi Zrt.'s parent company International Personal Finance. As the summary sent to MTI on Monday points out, the survey measured […]
The EFOTT and the Campus Festival attracted a large number of guests this July, the Hungarian Tourism Agency (MTÜ) told MTI. EFOTT, originally launched as the National Tourism Meeting of University and College Students, was again hosted in Sukoró, near Lake Velence, southwest of Budapest, where almost nine thousand guest nights were spent between July […]
The domestic fintech sector in Hungary has continued to grow, with the number of active fintechs increasing to 175 in 2022, employing nearly 9,000 people, with a significant increase in revenue and improved profitability, according to the Fintech and Digitalization Report by the National Bank of Hungary (MNB). The sector appears to be entering a […]
The Budapest Stock Exchange's (BSE) share index, the BUX, rose 1.26% to 672.22 points last week, closing at 54,012.06 points on Friday , MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover on the stock market rose to HUF 44.48 billion from HUF 41.61 billion the previous week, […]
While Hungary's overall overconsumption rate, an indicator of the rate of Earth's resources depletion, is worse than the global average, the country is among the leaders in the international field in terms of plastic waste management, according to a new report on Plastic Overshoot Day. The financial portal portfolio.hu quotes from the report that Hungary's […]
The renovated Lánchíd (‘Chain Bridge’) was inaugurated on Friday, opening it to pedestrians. Budapest Mayor Gergely Karácsony said at the inauguration that the renovation of the bridge was completed on time and within budget. The Mayor said that the Chain Bridge is not just an artefact, a bridge, but a symbol of unity and togetherness. […]
The Hungarian oil and gas company MOL Group announced its financial results for Q2 and H1 2023 on the website of the Budapest Stock Exchange. In the first six months of the year, the Group delivered USD 1,125mn EBITDA while in Q2, the EBITDA reached USD 411mn. Both Downstream and Upstream results were hit by […]
In the second quarter of this year, Gedeon RichterPlc. achieved a profit after tax of HUF 30.0 billion, 61.1% below the same period last year, in line with analysts' expectations, the pharmaceutical company announced on the website of the Budapest Stock Exchange (BSE) on Friday. Total revenue for the quarter was HUF 203.78 billion, up […]
The week of the Sziget Festival is the busiest time for flights to Hungary, according to booking data collected up to July 28 this year, the business news portal Napi.hu points out. Booking data submitted via Kiwi.com, the Czech travel technology company's web platform, shows that, as in 2022, the United Kingdom will be the […]
The United States tightened visa-free access for Hungarians to its territory amid security concerns stemming from the policies of the Hungarian government. Washington’s move comes after several previous threats that it will limit travel opportunities for Hungarian citizens. Bilateral relations between the United States and Hungary took a turn for the worse after Washington announced […]
From August 1, 2023, Aegon Hungary General Insurance Plc. will continue its activities under the name Alfa Vienna Insurance Group Plc. According to the information published on the company's website, the name change does not imply any change in the company's operations, products and obligations. Customers are not affected by the name change and have […]
The AutoWallis Group is expanding its services portfolio in one of the mobility market’s most dynamically growing areas, after acquiring ownership of the company (Wallis Autómegosztó Plc.) that operates Share Now in Hungary. As one of the most significant vehicle share service providers on the market, Share Now plans to continue dynamic growth with the […]
The Continental Tobacco Group is starting this year's tobacco harvest season with a positive outlook and expects an above-average harvest, the group told MTI on Thursday. According to the information, the group's tobacco cultivation member Dofer Tobacco Fermenting Ltd. has contracted for 1,005 hectares of tobacco cultivation, 8% more than last year. The planting of […]
Inflation has led to a drop in demand for spirits both at home and in Zwack Unicum's largest export markets, while raw material prices and personnel costs have skyrocketed, the company said in its quarterly report on the website of the Budapest Stock Exchange. The company's gross sales fell by 10.9% to HUF 8.9 billion […]
