Erste Bank Hungary's profit after tax, including one-off effects, amounted to HUF 46.7 billion in the first half of the year, compared to HUF 4.4 billion in the same period last year and HUF 31.7 billion in the first half of 2021, the CEO of Erste Bank Hungary, Jelasity Radovan said at a press conference […]
The 2023 H1 pro forma net result of EUR 3.68 million is significantly, by EUR 900,000, or 32% higher than the same period of the previous year, and is also more favorable than the previously published forecast for 2023, the company managing an industrial park primarily occupied by offices and laboratories of information technology and […]
Group revenue increased by 14.0% year-on-year in Q2 2023, owing to continued strong demand for mobile data and fixed broadband services coupled with the positive effects of inflation-based fee adjustments implemented in Hungary. The mobile service provider reported on the website of the Budapest Stock Exchange that gross profit improved in line with revenue trends, […]
The Hungarian pharma company Gedeon Richter Plc. and Mithra Pharmaceuticals of Belgium have signed a binding supply agreement for the active pharmaceutical ingredient (API) for the combined oral contraceptive Estelle® and Donesta®, a novel product candidate for the treatment of post-menopausal symptoms. The agreement, announced on the website of the Budapest Stock Exchange, specifies that […]
Biotechnology company GenePlanet, a partner of SYNLAB Hungary Ltd., will enter the Hungarian market with new genetic screening services, the biotechnology company told MTI on Monday. The company has raised EUR 20 million in capital for its global growth. According to the statement, in addition to the partnership with SYNLAB Hungary Ltd., GenePlanet has also […]
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 […]
