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Vodafone Hungary Chairman György Back to retire

April 18, 2019, 3:22 pm
György Beck, Chairman of Vodafone Hungary, is to withdraw from his position upon the expiry of his mandate on 30 April 2019. Current Chief Executive Officer Amanda Nelson will be taking over as Chairman-CEO... 

Hungary to buy 3,000 electric buses - government official

April 18, 2019, 2:01 pm
The Hungarian government is to finance the acquisition of 3,000 electric buses in the current governing cycle, the minister leading the Prime Minister’s Office announced on Thursday. Gergely Gulyás... 

Supplier of Mercedes, BMW to start EUR 12.5 mn development in Hungary

April 18, 2019, 12:05 pm
Japan’s AGC has started to set up a new production line at its automotive glass plant in Tatabánya, Hungary. The project is to absorb over 4 billion forints (EUR 12.53 mn) and it will expand the... 

Future of Hungary's gas supply route becomes uncertain

April 18, 2019, 11:13 am
The future of gas transmissions via Ukraine is uncertain therefore Hungary has signed an agreement with Gazprom to have the Russian company transmit gas Hungary will need next year already in 2019, said... 

Budapest office market en route to new peaks

April 18, 2019, 8:48 am
The vacancy rate remains extremely low at 7.1% on the Budapest Office market. Although demand in the first quarter of 2019 dropped by more than 12% in annual terms, it still reached almost 80,000 square... 

New Takarékbank to be launched in Hungary on 6 May

April 17, 2019, 3:59 pm
By the merger of Mohácsi Takarék Bank Zrt., Pannon Takarék Bank Zrt., and B3 TAKARÉK Szövetkezet, the new universal large bank of Hungary’s new Takarék Group is to be launched on 6 May. It will be... 

Hungary's central bank gets new Deputy Governor

April 17, 2019, 1:39 pm
János Áder, President of the Republic of Hungary, has on Wednesday appointed Mihály Patai Deputy Governor of the National Bank of Hungary (MNB). Patai’s appointment was recommended by Prime Minister... 

BDPST Group to build five-star hotel in downtown Budapest

April 17, 2019, 12:33 pm
BDPST Group has received the building permit for the renewal of a building complex comprising the headquarters of former Mahart (Hungarian Shipping Co.) and the Futura House near the Vörösmarty square... 

Hungarians were after property, while passing up the bargain

April 17, 2019, 10:56 am
Whereas the size of assets managed by Hungary’s investment funds reached a new record in March, money market funds have practically zeroed out, and assets managed by them were hardly over HUF 82... 

Norwegian gas could reduce Hungary's dependence on Russia

April 17, 2019, 9:35 am
The European Commission is providing 215 million euros of funding for the Baltic Pipe connecting the Danish and Polish gas transmission systems, which could help diversify Hungary’s gas supply, as... 

Pepco to embark on gigantic investment project in Hungary

April 16, 2019, 4:45 pm
Clothing and accessories chain Pepco is to build a warehouse base on 100,000 square metres in Hungary. The 27.2 billion forint investment is to create more than 1,000 jobs by 2020, the Minister of Foreign... 

AliPay to be launched in Hungary in May

April 16, 2019, 3:20 pm
The first POS terminals accepting the Alipay app will be in Hungarian stores in May 2019. The terminals will be provided by Ingenico Group, the company said on Tuesday. China’s Alipay, the world's... 

Hungarians love cash, hate credit cards

April 16, 2019, 2:44 pm
Cash remains a most popular form of payment and savings in Hungary, the latest survey by Intrum showed on Tuesday. Similar subjects will also be on the agenda of Portfolio’s Financial IT and Disruptive... 

More Hungarians are born in Germany than in some Hungarian counties

April 16, 2019, 12:32 pm
The number of Hungarian expats living in Germany has risen further and exceeded 210,000 at the end of 2018, data published by Germany’s statistical office (Destatis) showed on Monday. The details... 

Giro d'Italia to cost Hungary more than EUR 24 million

April 16, 2019, 10:08 am
The 2020 Giro d’Italia will begin in Budapest with another two stages also being held in Hungary, organizers confirmed on Monday. The cabinet earmarks no less than 7.8 billion forints (EUR 24.32... 

Hungary MVM to set up joint venture with Russia's Rusatom

April 16, 2019, 9:32 am
A Memorandum of Understanding was signed for the establishment of a joint venture by the Hungarian Electricity Works (MVM) and Rusatom, a member of Russian state nuclear energy corporation Rosatom, at... 

ANALYST VIEW - J.P. Morgan raises target price for Hungary's Richter

April 16, 2019, 8:09 am
J.P. Morgan has raised its target price for Hungary’s Richter, and its new recommendation is ‘overweight’. J.P. Morgan upgraded its rating for Richter to ‘overweight’ from... 

EU Council defines key objectives for future research programme

April 15, 2019, 4:08 pm
The Council of the European Union has on Monday agreed on key parts of the EU’s framework programme for research and innovation for the years 2021 to 2027. Key decisions on Horizon Europe The... 

Hungary Mol enters into recycled plastic compounding by acquisition

April 15, 2019, 1:22 pm
Hungarian energy group Mol has announced on Monday that it has signed a sales-purchase agreement to acquire Aurora, a recycled plastic compounder with production plants located nearby automotive manufacturing... 

Hungary Mol to raise fuel prices further

April 15, 2019, 12:57 pm
Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline by HUF 5 per litre and that of diesel by HUF 4 per litre each on Wednesday. The average price of gasoline is... 
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