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Hungarian Postal Services to sack hundreds of people

February 18, 2019, 3:15 pm
The Hungarian Postal Services (Magyar Posta) has agreed with the works council to carry out another mass layoff of about 300 employees in the spring of 2019, as the next step in a series of bureaucracy... 

Hungary FinMin reveals two details from upcoming stimulus package

February 18, 2019, 1:02 pm
The Hungarian government is expected to present its economic protection programme in March or April at the latest. It will contain long-term measures rather than one-offs, and some of these could appear... 

We'll find out this week how much Hungarians earned in 2018

February 18, 2019, 11:51 am
The release of Hungary’s GDP data for the fourth quarter of 2018 last week will be followed by a series of other important figures both domestically and globally this week. Fitch Ratings has a review... 

Hungary delivers greater victory than hoped for

February 18, 2019, 10:24 am
Hungary’s gross general government debt declined more than expected and was 70.9% of gross domestic product at the end of 2018, preliminary financial accounts data published by the central bank (MNB)... 

ANALYST VIEW - HUF 15,000 target price for OTP lands

February 18, 2019, 9:22 am
J.P. Morgan has raised its target price for Hungary’s OTP. The new TP offers a 32% upside potential over the banking stock’s last closing price on the Budapest Stock Exchange (BSE) on Friday.... 

S&P upgrades Hungary's credit rating

February 18, 2019, 8:02 am
Standard & Poor’s Global Ratings raised its long- and short-term foreign and local currency sovereign credit ratings on Hungary to 'BBB/A-2' from 'BBB-/A-3'. The outlook is stable. This is the first... 

Hungary to table yet another key measure in April - state secretary

February 15, 2019, 4:43 pm
Although remarks by Hungary’s Prime Minister Viktor Orbán and Finance Minister Mihály Varga earlier this week suggested that the cabinet has given up the target of maintaining annual GDP growth at... 

Hungarian businessman buys local McDonald's operation

February 15, 2019, 3:08 pm
McDonald’s Corporation has announced on Friday that a share sale and purchase agreement has been signed with Sándor Scheer, a partner keen to become the Developmental Licensee (DL) for its Hungarian... 

Hungary Mol denies wage talk flop

February 15, 2019, 2:55 pm
Hungarian oil and gas group Mol has partly rejected a press report that trade unions have not accepted the management’s wage hike proposal for 2019 and 2020, about which they notified the company... 

Trade unions reject wage hike offer by Hungary's Mol

February 15, 2019, 1:13 pm
Trade unions have said no to the wage hike proposal of Hungarian fuel group Mol for 2019 and 2020, about which they have informed the company at the start of this week, László Kovács, President of the... 

Audi and E.ON build Europe's largest PV roof system in Hungary

February 15, 2019, 12:07 pm
The Hungarian arm of German carmaker Audi and German power company E.ON are together constructing Europe’s largest photovoltaic roof system on the building of Audi Hungaria in Győr, northwest Hungary... 

Hungary automotive sector on the brink of historic achievement

February 15, 2019, 12:00 pm
As a result of the already scheduled and planned developments, the annual output of Hungary’s automotive industry can soon reach 10,000 billion forints, said the country’s Minister of Foreign... 

Waberer's signs key deal, receives EUR 2.5 million

February 15, 2019, 10:26 am
Hungarian hauler Waberer’s International Nyrt. has announced that it has signed a settlement agreement with the former owner of Link and Link Services that kept information from Waberer’s management... 

BlackRock signs co-operation agreement with Corvinus University of Budapest

February 15, 2019, 8:52 am
Budapest’s Corvinus University signed a co-operation agreement with the local innovation and technology centre of the world's largest asset manager, the American BlackRock. Co-operation agreement... 

Hungary stellar economic performance propels it to top of EU rankings

February 14, 2019, 4:03 pm
Hungary’s economy was on fire in the fourth quarter of 2018, and with that it landed in the top three of the European Union growth rankings. Only Latvia had even higher GDP growth figures in Q4... 

Hungary may receive huge 'award' shortly

February 14, 2019, 1:50 pm
The first of the large rating agencies to review Hungary this year is Standard & Poor’s. You might want to keep your eyes peeled on Friday night for an S&P statement, as it could possibly take Hungary’s... 

Strike ends at Tesco, wage hike agreement reached

February 14, 2019, 11:06 am
A strike by the staff of the payroll and accounting department of retail chain Tesco in Győr (northwest Hungary) has come to an end, as the employer agreed with the strike committee on the terms of the... 

Another strike starts in Hungary

February 14, 2019, 9:14 am
Workers at the Miskolc-based (northeast Hungary) plant of SEGA Hungary Ltd., some 2,500 of them, started an open-ended strike on Wednesday afternoon, local daily newspaper Népszava reported on Thursday.... 

Hungary's latest GDP data delivers another huge surprise

February 14, 2019, 9:00 am
Hungary’s gross domestic product grew by 4.8% year on year in the fourth quarter of 2018, according to data adjusted seasonally and for working days. The raw data shows 5% output increase, versus... 

OTP seen profiting greatly from Hungary's monetary tightening

February 13, 2019, 4:57 pm
Hungary’s OTP Bank is the top pick for Morgan Stanley in Central and Eastern Europe, as its economist expects significant tightening of Hungarian interbank rates in the medium term. MS reiterated... 
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