In the first six months, MOL Group delivered USD 2.179 bn EBITDA while in Q2 the EBITDA reached USD 1.347 bn, an overall strong result considering the volatile, unpredictable and uncertain external environment, according to financial results for Q2 and H1 2022 announced by the Group on the website of the Budapest Stock Exchange. Upstream […]
Looking back over the past 12 months, it seems that Hungarian shops have been hit by price rises in several waves. The first jump came at the end of last year, when annualized inflation suddenly jumped from 1-2% to around 10%, then from 10% to 20% in February-March this year, and in July the increase […]
The Hungarian government is hoping to reach a deal with the European Commission to unblock billions of euros in EU funds by the end of August. The Cabinet of Prime Minister Viktor Orbán is seeking to diffuse a long-standing conflict between Budapest and Brussels over democratic standards, rule of law and corruption. Following years of […]
Hungary ranks 22nd out of the 27 EU Member States in the Digital Economy and Society Index (DESI) 2022. Over the last few years, it progressed in line with the EU, the latest DESI country report states. On Human capital, the country ranks 23rd, scoring 38 compared to the EU average of 46. 49% of […]
Record quarterly EBIT performance with EUR 10.3 million, financing guaranteed for strategic development plans by successful bond issuance Budapest – these are the main points in Waberer's International reporting its financial results for the three months and half year that ended on June 30, 2022. The report states that the company’s revenue increased by 15.5% […]
Nine more men aged 23-50 have been confirmed to be infected with monkeypox in Hungary, bringing the number of infected cases to 42, the National Public Health Center (NNK) told the state news agency MTI on Thursday. Between July 25 and 31, the infected persons visited their local health service with symptoms suggestive of monkeypox, […]
Reynaers Aluminium is a European developer of aluminum products for the building sector. The company, present in over 40 countries, also provides support for architects, fabricators, project developers, investors and end users. As Country Manager Zoltán Nagy explains to Diplomacy&Trade, the company was founded in Belgium in 1965 and has grown from there. “In Hungary, […]
Retail sales in Hungary are down for the third month in a row. This is according to the latest report of the Central Statistical Office (KSH). On an annual basis, the volume of retail trade increased by 4.5% in June. Compared to May, the volume fell by 0.5%. After the May figure was also revised […]
Andrea Róna is joining the Danubius Hotels management team as Group Director of Development. She has decades of experience in hotel management and development as well as asset management. Andrea Róna will be responsible for the further expansion and development of the hotel chain, that is turning 50 this year. The expert will be responsible […]
Last week, 21,840 new cases of coronavirus were identified in Hungary, 96 patients died, according to data published on Wednesday by the related government information portal. The number of people vaccinated was 6,413,971, of whom 6,200,631 were vaccinated for the second time, 3,889,453 for the third time and 320,083 for the fourth time. A total […]
In the second quarter of this year, the Hungarian pharmaceutical company Gedeon Richter's sales and profit exceeded analysts' expectations: sales increased by 23.7% to HUF 192.9 billion and profit after tax more than doubled to HUF 77.1 billion in April-June compared to the same period last year, the company said on the website of the […]
From this Tuesday until August 14, the public can watch free movies sitting on the lawn of the Margaret Island Athletic Center in Budapest. This year's Cinema Island will screen comedies and dramas from Spain, Austria, Poland, Estonia, the Czech Republic, France and Finland. EUNIC Hungary, the Hungarian network of European cultural institutes, will screen […]
Hungarian workers' optimism has declined after the negative economic consequences of the Russian-Ukrainian conflict and the epidemic measures, and the uncertainty caused by these measures are already having an impact on the labor market, BNP Paribas Cardif Insurance, a credit insurance company, said on Tuesday, based on a joint survey with Medián Institute for Public […]
The University of Szeged (SZTE) is a founding member of the European University Alliance for Global Health (EUGLOH) that received the green light to continue its mission and expand its impact for another four years. A statement by SZTE says that during its next phase – EUGLOH 2.0 – the Alliance will gain four new […]
CIB Bank, the Hungarian subsidiary of the several-centuries-old Italian international banking group Intesa Sanpaolo, offers tailor-made solutions and a state-of-the-art digital service portfolio to its clients all over Hungary. As the Chairman and CEO at CIB Bank, Pál Simák notes to Diplomacy&Trade, “centuries of successful operations are only achievable if you stick to universal values […]
