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Hungary buys e-procurement system for HUF 500 mn

August 15, 2017, 11:24 am
The Hungarian government will gain a 100% stake in Electool Közbeszerzési Szolgáltató Kft, the operator of the government's electronic public procurement stystem, for HUF 500 million, according to the... 

Speeding tickets total HUF 6.5 bn in H1 in Hungary

August 15, 2017, 11:05 am
Fines for speeding brought in a combined HUF 6.5 billion in the first half of the year, National Police told car portal The network of 365 fixed and 160 mobile speed guns caught a total of... 

Hungary June agricultural producer prices up 2.5%

August 15, 2017, 10:10 am
Agricultural producer prices were 2.5% higher in June 2017 than in the corresponding period of the previous year, the Central Statistical Office (KSH) said on Tuesday. The overall figure was made up of... 

Hungary to sign lax CEU deal with New York

August 15, 2017, 9:51 am
The Hungarian government is about to make a deal with New York state in which it adopts a rather civil and accommodating stance towards CEU, the university it recently tried to oust of the country, 

Hungary puts HUF 15 bn into Zala car test facility

August 15, 2017, 9:18 am
A vehicle testing facility currently being constructed in Zalaegerszeg, west Hungary has received a HUF 15 billion injection, bringing its capital to HUF 21 billion, based on a recent government decree.... 

Budapest Mayor won't fire head of BKK over e-ticket controversy

August 14, 2017, 5:01 pm
Budapest Mayor István Tarlós will not fire Kálmán Dabóczi, head of Budapest public transport company BKK, Tarlós told daily Magyar Nemzet, refuting claims to the contrary published in today's Népszava.... 

EU egg scandal will not affect Hungary, food safety official says

August 14, 2017, 2:39 pm
The scale of the withdrawal of contaminated eggs in the European Union is not big enough to affect market prices in Hungary, an official from Hungary's National Food Chain Safety Office (NÉBIH) said on... 

Hungary sends EC letters on NGOs, higher education

August 14, 2017, 1:05 pm
Hungary has sent replies to the European Commission on Monday regarding the ongoing infringement procedures regarding NGO financing and higher education, Pál Völner, parliamentary state secretary of the... 

Waberer's first-ever report shows 21% profit growth as integration of Link begins

August 14, 2017, 10:42 am
Hungary's Waberer's International Nyrt, the European leader in full truckload (FTL) transportation, has made its first public report today since the company was listed on the Budapest Stock Exchange on... 

Hungary industrial production up 4% in June

August 14, 2017, 9:58 am
In June, the volume of industrial output rose by 4% year-on-year. Based on working-day adjusted data, production grew by 6.5%, the Central Statistical Office (KSH) said. Output rose by 5.6% in the first... 

ANALYST VIEW - HSBC sees 25% growth potential in Hungary's MTelekom

August 14, 2017, 9:41 am
HSBC has raised its target price for Hungarian telco Magyar Telekom from HUF 580 to HUF 590, 25% higher than yesterday's closing price. The rating is 'Buy'. Based on the latest recommendations, four... 

Small-scale solar panels slowly gain momentum

August 11, 2017, 3:49 pm
The number and the capacity of household-size power plants are growing year by year. This is attributed mostly to the installation of more solar panels, which makes up 99.17% of the total household electricity... 

Payment of EU funds slow down in July

August 11, 2017, 2:41 pm
The government has slowed down the transfers of EU funds. While in June, they have allocated HUF 500 billion, In July, they only paid out HUF 105 billion. At the moment, nearly one third (29.6%) of the... 

Telekom also launches its cheap internet plan

August 11, 2017, 1:04 pm
Hungarian Telekom is to launch its new offering called Digital Well Being Plan starting from Friday. The new plan aims to reach out to those customers who have not yet had access to the internet by offering... 

Hotel revenue boosts, we are 3rd in the region

August 11, 2017, 11:36 am
Hungarian hotels showed a double-digit growth in 1H 2017. The gross revenue of Hungarian hotels grew by 17.4% y/y, of which the Budapest hotels grew by 19.9% and those in the rest of the county grew by... 

OTP 2Q results above and beyond expectations

August 11, 2017, 10:00 am
Apart from the divestiture of insurance company OTP Garancia, OTP Bank has never reached such a huge quarterly profit level as it did this quarter. To put it into perspective, the HUF 81 billion is more... 

BorsodChem to increase production

August 11, 2017, 9:09 am
Leading chemical raw material manufacturing company BorsodChem Zrt. (BC) plans to increase its Methylene diphenyl diisocyanate (MDI) production, which is the raw material of polyurethane, by 10%, to... 

Nobel prize winner economist to present in Hungary

August 10, 2017, 5:00 pm
Nobel prize winner Thomas J. Sargent is to kick off the 55th Itinerant Conference of the Hungarian Economic Association (MKT). The Nobel laureate professor of New York University Thomas J. Sargent... 

Construction industry on the rise

August 10, 2017, 4:01 pm
Hungarian construction industry keeps on rising, and while its pace has slowed down in June, we still see an improved performance. The construction industry volume further increased by 1.1% m/m June... 

PannErgy to merge its subsidiaries

August 10, 2017, 2:30 pm
PannErgy Geothermal Power Plants Zrt is to merge with PMM Trading Zrt effective August 31, 2017. Based on the decision of PannErgy, as the owner of PMM, the mode of PMM's takover is that it will legally... 
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