János Kóbor, the Kossuth and Liszt Ferenc Prize-winning singer of the Hungarian rock band Omega, has died at the age of 78. The musician was hospitalized on November 9 with new coronavirus infection and had been under care there ever since, but his condition was long thought to be serious. Born and raised in Budapest, […]
OTP Bank Plc. has announced that OTP Bank signed an acquisition agreement with Alpha International Holdings Single Member S.A. on purchasing 100% shareholding ofAlpha Bank SH.A., the Albanian subsidiary of the Greek Alpha Bank S.A. The purchase price has been agreed at Euro 55 million. With a total asset-based market share of almost 5% in […]
In the past three days, another 489 patients have died with symptoms of COVID-19, according to the official government website koronavirus.gov.hu. Compared to a week ago, the number of deaths has increased slightly, with 460 deaths in those three days. The total number of deaths related to the new coronavirus infection in Hungary is now […]
Pistachio Fruit (Frutta di Pistacchio), a creation by Hungarian confectioner Ádám Fazekas, has fetched gold for best ice cream at an international competition held in Bologna, the organizers said. As hirado.hu quotes a report by the Hungarian state news agency MTI, Fazekas “blew away” the 11-member jury of experts with the taste and his video […]
The Budapest Stock Exchange (BSE) share index (BUX) fell in declining turnover this week, with the index 50 closing at 904.91 points on Friday, 56.34 points, 0.11% lower than a week ago, the Hungarian state news agency MTI reports. Turnover on the stock market was HUF 72.9 billion, down from HUF 94.6 billion last week, […]
In October 2021, the volume of retail trade in both raw and calendar-adjusted data was 5.7% higher in Hungary than in the same month of the previous year, the country's Central Statistical Office reports. In October, calendar-adjusted sales volumes rose by 3.4% in specialised and non-specialised food shops, by 6.3% in non-food retailing and, as […]
One of the largest companies in the healthcare industry, Roche Hungary Ltd., known for its innovative solutions, has signed a strategic cooperation agreement with the Hungarian government. The aim of the agreement is to use Roche's value-based healthcare model to multiply the innovative and personalized therapies delivered to patients in a way that significantly reduces […]
AutoWallis has reported strong results for the past nine months: the EBITDA of the corporation exceeded HUF 5.7 billion, meaning that the listed automotive company is likely to surpass its yearly plan of HUF 5.5-6.2 billion. The Group generated a revenue of HUF 145.4 billion in the first nine months of the year, with its […]
Activity on Hungary’s credit market showed a general slowdown in October, even though bank lending rates only started to rise sharply in November. Given the rather aggressive monetary tightening pursued by the National Bank of Hungary, the coming months could bring an even more accentuated slowdown in lending. Activity on the Hungarian retail credit market […]
Magyar Telekom, the leading Hungarian telecommunications service provider has announced that the Board of Directors of the Company decided to request the cancellation of admission to trading of its American Depositary Shares (ADSs) on the London Stock Exchange’s International Order Book (IOBU market segment) with effect from December 30, 2021. The company has notified the […]
In September 2021, the volume of exports became 9.1% and that of imports 0.4% smaller compared to the same period of the previous year. Compared to September 2019, the volume of external trade increased by 0.7% in exports and by 4.7% in imports. The deficit was EUR 128 million, the balance deteriorating by EUR 1.3 billion compared to a year earlier. […]
Budapest Airport has been awarded carbon neutral certification for the fourth year in a row, continuing to be one of the 362 airports in the world that operate in a responsible and environmentally friendly manner, fully offsetting the carbon emissions generated by their operations. According to a Budapest Airport press release, the airport management company […]
The entry "Soproni - Óvatos Duhaj" submitted by the brewing company Heineken and the ACG communication agency in the category 'Long-term efficiency' won this year's Platinum Award at the Hungarian round of the annaul Effie Awards for best advertising campaigns. ACG turned ten out of its 13 nominations into awards, which made it the 'Agency […]
Another 192 patients died in the past 24 hours, bringing the total number of deaths in Hungary to 34,713. 11,152 new infections have been confirmed, bringing the total number of people identified as infected in the country since the beginning of the epidemic to 1,114,260, the government information portal said. Meanwhile, the latest data from […]
Duna House Group continued its march in the third quarter of 2021: its quarterly revenue jumped to HUF 3.8 billion (+72% y/y) and its clean core EBITDA jumped to HUF 667 m (+47% y/y). The Group’s clean core proft after tax (PAT) rose by 54% to HUF 494 mn. With an outstanding performance in the […]
