Hungary's state-owned MVM CEEnergy on Thursday signed a ten-year contract with ENGIE Energy Marketing Singapore for the delivery of an annual 400 million cubic meters of liquefied natural gas (LNG). The contract with French-owned ENGIE for a combined 4 billion cubic meters of gas is Hungary's longest-term LNG contract ever, according to a statement issued […]
Share turnover on the Budapest Stock Exchange (BSE) came to HUF 330.9 billion in September, MTI quoted a BSE statement on Wednesday. Daily turnover averaged HUF 15.0 billion. Wood and Company brokered the highest volume of trades during the month, with double-counted turnover of HUF 189.2 billion. Concorde was runner-up with turnover of HUF 184.8 […]
Hungary's Garantiqa Hitelgarancia was the most active guarantor in Europe last year, an annual report by the European Association of Guarantee Institutions (AECM) shows. In a press release on Wednesday, Garantiqa said that it had headed the AECM ranking for the third year in a row. The report shows outstanding guarantee volume of Garantiqa reached […]
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 51.5 points in September, climbing from 49.1 in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Wednesday. The PMI rose back over the 50-point threshold, signalling an expansion in the manufacturing sector. Among the PMI sub-indices, the new orders index […]
Hungary's government sector had a HUF 480 billion surplus in the second quarter, equivalent to 2.2% of GDP, data released by the country's Central Statistical Office (KSH) on Wednesday show. The deficit of central government amounted to HUF 535 billion, while local governments and social security funds had HUF 137 and 88 billion surpluses. In […]
A scheme supported by the European Union aimed at detecting, documenting and preventing cybercrime, identifying the perpetrators, and recovering the assets affected has been launched by the national police headquarters ORFK and the national protective service NVSZ, police said on Tuesday. The aim of the program is to increase the effectiveness of action against serious […]
The first half of 2025 highlighted the resilience of Cordia International and the strength of its diversified strategy. The real estate development firm delivered a solid revenue of HUF 33.9 billion, representing a 4.3% increase compared to the same period in 2024. Gross profit rose by 9.4% year-on-year to HUF 12.4 billion. Following the sharp […]
The after-tax results of AKKO Invest, listed on the Prime Market of the Budapest Stock Exchange (BSE), were primarily burdened by one-off items, while the company’s revenue, at close to HUF 20 billion, remained at the level of last year’s first half, and its EBITDA, reflecting its business results, remained at a level of almost […]
As part of the Touring K-Arts 2025 program series, Heo Yoon-jeong, master of the Korean zither, and his internationally renowned fellow artists will perform at the Eiffel Workshop on October 6. The free concert will be a unique encounter between traditional Korean music and contemporary performing arts. As part of the Touring K-Arts 2025 (Korean […]
Premiums of the insurance sector will likely exceed HUF 2,000 billion this year, Koppány Nagy, the National Bank of Hungary’s (MNB) director for insurance, said at conference of the the Hungarian Association of Independent Insurance Brokers (FBAMSZ) in Esztergom (N Hungary) on Tuesday. Premiums in the first half of the year reached HUF 1,047 billion, […]
The financial wealth of Hungarian households grew by 13.9% in 2024, which is the fastest pace since the 2008 global financial crisis, according to Allianz's latest Global Wealth Report, as quoted by the economic portal penzcentrum.hu. According to Allianz's latest report, global household financial wealth grew by 8.7% in 2024, exceeding the 8.0% rate in […]
The electricty and gas supply company E.ON Hungaria inaugurated a HUF 2.2 billion grid station in Veszprémvarsány (W Hungary) on Tuesday. The station was built in the framework of Danube InGrid, a cross-border European Union project, said deputy state secretary of the Energy Ministry Márk Alföldy-Boruss. He said the development was helping Hungary move closer […]
Danish toy maker LEGO opened a HUF 54 billion expansion at its manufacturing base in Nyíregyháza (NE Hungary) on Tuesday. The investment, which expanded packaging and manufacturing capacity and created 300 jobs, was supported with a HUF 4.3 billion government grant. The base in Nyíregyháza is now the world's second biggest LEGO plant and the […]
Despite the many opportunities, the unpredictable business environment in Hungary presents a challenge to businesses. Even stable SMBs may expand one month and cut back on costs the next. The mobile services provider Yettel’s new business solution offers flexibility, digital administration and cost efficiency to SMBs that want to adapt and grow, the company says […]
Hungary had a EUR 557 million trade surplus in August, according to data released by the country's Central Statistical Office (KSH) on Tuesday. Exports fell 5.3% year-on-year to EUR 10.193 billion. Imports dropped 8.0% to EUR 9.636 billion. Trade with other European Union member states accounted for 74% of Hungary's exports and 71% of its […]
