A strike by the Hollywood Screenwriters and Actors Guild (SAG-AFTRA) could have a major impact on the global film industry, but Hungarian studios producing foreign productions are "weathering the storm of Hollywood strikes", according to Variety.com. Variety reported in its article on the 80th Venice International Film Festival, which began last week, that the strike […]
According to the report OXO Technologies Holding Plc. published for the first half of 2023 on the website of the Budapest Stock Exchange, its business results show the successful management of the investment company, increasing profitability and dynamic growth of its assets under management. The technology holding company, which has been present on the domestic […]
Despite the extra profit tax, interest rate freeze and credit market slowdown, the Hungarian banking sector made unprecedented profits in the first half of this year. The domestic profit of HUF 676 billion means that for the first time in a long time, the sector's profit on equity rose above 20%. On a non-consolidated basis, […]
Liquid restrictions at Liszt Ferenc International Airport may also be abolished in the near future. The airport management company Budapest Airport is already testing CT equipment that will allow larger quantities of liquids to be brought on board. Liquid restrictions often cause inconvenience to passengers and slow down the check-in process. Budapest Airport informed the […]
The stock index of the Budapest Stock Exchange (BSE) fell this week, closing at 55,504.98 points on Friday, 2.47% lower than a week earlier, MTI reported Sunday morning, along with a brief analysis of the week’s trading. The weekly turnover of the stock market was HUF 52.9 billion, down from HUF 64.8 billion the previous […]
Last year, car-sharing services covered some 23 million kilometers, and hundreds of thousands of people have already signed up for the services of three carsharing companies, GreenGo, ShareNow and Mol Limo, according to a summary from the Future Mobility Alliance. Experts say the growth will continue this year, as while in the past it was […]
The ten millionth electric steering gear has rolled off the production line at Robert Bosch Automotive Steering Ltd. in Maklár, which employs 1,600 people, the company told MTI. The company, which is twenty years old this year, has become a leading firm and one of the largest employers in the region, the statement said. The […]
In August, 8,951 new passenger cars were registered in Hungary, more than 10% fewer than a year earlier, according to DataHouse – a Carinfo.hu report quoted by the financial portal portfolio.hu. This means that the Hungarian car market has shrunk further – down 10.4% compared to August 2022. Looking ahead to 2023, the picture is […]
Although stock markets tend to be subdued in the summer months, the Budapest Stock Exchange had an outstanding month. The BSE's primary stock index, the BUX index, ended the month at 55,775 points, a historical record for the month, following a 4.5% increase, the financial portal portfolio.hu writes. The strong form was also reflected in […]
The Hungarian financial landscape witnessed yet another step in the ongoing monetary easing cycle as the nation's central bank announced a significant rate cut in August. With the ebbing pace of inflation creating room for further rate reductions, all eyes are now on the impending merger of the effective and base rates, set to occur […]
The surplus of the external trade in goods amounted to EUR 1.6 billion in Hungary in June, compared to May the adjusted volume of export decreased by 0.8% and that of import lessened by 1.5%, the Central Statistical Office reports. The volume of export increased by 10% in June 2023, while that of import decreased […]
The number of tourists arriving from the United States, South Korea and China had increased by leaps and bounds by the end of July compared to the same period last year, the Hungarian Tourism Agency (MTÜ) told MTI on Thursday. Year-on-year, 35% more American guests came to Hungary, while Chinese and Korean guests came almost […]
JYSK has opened new stores in Solymar and Mór, bringing the home furnishing chain's total number of stores in Hungary to 94, the company informed MTI on Thursday. The chain is continuing to expand, with plans to open two more JYSK stores by the end of the year, one in the capital and one in […]
In the 2nd quarter of 2023, the volume of investments in Hungary decreased by 13.5% compared to the same period of the previous year, and lessened by 4.1% compared to the previous quarter (seasonally adjusted). Most sections of the national economy contributed to the general decrease of investments. Investment performance increased only in manufacturing as […]
Mapei Ltd. is investing HUF 8 billion to build a new production line for roofing materials and a 12,000-square-meter warehouse in Hungary, the company, which manufactures and distributes building materials, told MTI on Wednesday. The development, to be completed by 2025, will be able to supply not only Hungary but also the region with high-quality […]
