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Mol lowers Hungary fuel prices

January 24, 2018, 8:34 am
Hungarian oil and gas group Mol has lowered the wholesale list price of 95-octane gasoline by HUF 2 per litre and that of diesel fuel by HUF 4 per litre on Wednesday. The average price of gasoline is... 

Continental completes HUF 6 bn investment in Hungary

January 23, 2018, 4:34 pm
ContiTech, the Hungarian subsidiary of German tyre maker Continental, has spent HUF 6 billion on expanding its activities in Hungary, creating more than 200 jobs, László Jókay, managing director of the... 

Hungary slips to midfield in global talent index

January 23, 2018, 2:00 pm
Hungary has dropped 11 positions from 41st to 52nd in the Global Talent Competitiveness Index, a ranking of 119 countries based on the efficiency of nurturing and keeping talented employees. The GTCI... 

Hungary’s Mol wins three offshore licenses in Norway

January 23, 2018, 12:42 pm
Hungarian oil and gas group Mol has won three new exploration licenses in Norway, Foreign Minister Péter Szijjártó announced on Tuesday following talks in Tromso. Mol now holds licenses in 20 offshore... 

Hungary debt manager sells HUF 40 bn T-Bills at negative yield

January 23, 2018, 11:56 am
The average yield slipped into negative territory again at the Government Debt Management Agency’s (ÁKK) regular weekly auction on Tuesday as demand for Hungary’s 3-month discount Treasury... 

Lidl Hungary announces 20% wage hike

January 23, 2018, 11:20 am
As of March 1, 2018, retail chain Lidl Hungary will raise the wages of nearly 4,000 store and warehouse employees by 20% on average, the company announced on Tuesday. The average gross earnings of employees... 

Minimum wage hike puts Hungarian SMEs in tough spot

January 23, 2018, 9:19 am
Small businesses in Hungary will find it hard to bankroll the increased minimum wage and guaranteed wage minimum, especially in rural areas and small towns, Ferenc Dávid, secretary general of the National... 

“We're throwing money away" - Opinion

January 22, 2018, 3:57 pm
Plastic is everywhere. Go to the beach, walk down your street, take a break in the countryside and you will be forced to agree. The benefits plastics bring to our society and economy are undeniable. But... 

Austria to sue EU over allowing expansion of Hungary nuclear plant

January 22, 2018, 12:45 pm
Austria plans to sue the European Commission for allowing Hungary to expand its Paks nuclear power plant as it does not view nuclear energy as the way to combat climate change or as being in the common... 

BUX index rises to all-time high

January 22, 2018, 11:08 am
The Budapest Stock Exchange’s BUX index rose 1.7% by Monday afternoon, driven by the performance of Mol and OTP shares, to a new record high of 40,680. OTP climbs to new peak The share price... 

Israel’s Enlight to acquire solar capacity in Hungary

January 22, 2018, 9:35 am
Israel-based Enlight Renewable Energy Solutions intends to acquire 57 MW of solar power capacity in Hungary, Israeli news portal Globes reported on Monday. Enlight has reached the first milestone in... 

Hungary business confidence index breaks record in January

January 22, 2018, 8:48 am
Compared to its historical peak at the end of 2017, the economic sentiment index advanced in January within the statistical margin of error. According to the empirical survey conducted by economic think... 

Majority of Hungarians oppose Paks nuclear plant expansion

January 19, 2018, 2:57 pm
61% of Hungarians oppose the upcoming expansion of the Paks Nuclear Power Plant, while only 19% support it, a representative nationwide survey of Greenpeace Hungary found. According to the survey, there... 

Stock markets cannot go up in a straight line forever

January 19, 2018, 1:00 pm
Investors have to understand that trees don't grow to the sky and the stock market can't go up in a straight line forever. Figuring out the timing of mean reversion is impossible but it makes sense for... 

Hungary November real wages up 10.2% yr/yr

January 19, 2018, 9:56 am
Earnings continued to grow fast in Hungary in November as net real wages rose 10.2% compared to a year earlier, the lowest increase since March but still in the double digits, data published by the Central... 

Banks swamp Hungary central bank’s first MIRS tender

January 18, 2018, 4:42 pm
The National Bank of Hungary (MNB) on Thursday held its first monetary policy IRS tender for 5-year and 10-year maturities, as announced in November, with the aim of bringing down yields at the long end... 

Hungary to subsidize small-scale solar plants

January 18, 2018, 3:59 pm
Hungary plans to squeeze out energy imports within 10 years, replacing its current 50% share using alternative sources, János Lázár, the minister leading the Prime Minister’s Office, announced at... 

B.Braun Medical to build HUF 30 bn plant in Hungary

January 18, 2018, 1:52 pm
German-owned B. Braun Medical Magyarország will build a HUF 30.7 billion intravenous kit plant at its base in Gyöngyös, Minister of Foreign Affairs and Trade Péter Szijjártó announced on Thursday. The... 

Yields lower than ever at Hungary bond auction

January 18, 2018, 12:33 pm
Hungary’s Government Debt Management Agency (ÁKK) allotted 78 billion forints worth of government bonds instead of the originally planned HUF 60 bn at its bond auction on Thursday. Yields dropped... 

Budapest office vacancy rates hit all-time low in Q4

January 18, 2018, 11:48 am
The total office stock in Budapest grew by nearly 68,000 square meters in the fourth quarter of 2017, but new office space over the next few years will be substantially bigger than that, whixh is expected... 
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