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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... 

Was Hungary able to break its own multi-decade growth record?

February 13, 2019, 3:06 pm
According to the consensus estimate of analysts polled by Portfolio, the Central Statistical Office (KSH) will report 4.5% (unadjusted) year-on-year GDP growth for the fourth quarter of 2018, up 0.4 percentage... 

Hungary's construction sector loses momentum by end-2018

February 13, 2019, 11:53 am
The momentum of Hungary’s construction sector has abated slightly in December 2018, the volume of construction output dropped 2.4% month on month. Yet, last year was one of the most successful ones... 

Hungary national e-ticket system to be functional by 2020

February 13, 2019, 11:26 am
A uniform electronic ticket system in interurban passenger transport could be up and running nationwide in Hungary by the summer of 2020, the Ministry of Innovation and Technology said in a statement on... 

Hungary cenbank could tighten monetary conditions as early as March

February 13, 2019, 10:18 am
Hungary’s January headline CPI was stable at 2.7% year on year, but this masked an underlying uptrend. The downside came mainly from non-core items, while this was offset by lower fuel and food readings.... 

Hungary's OTP among UBS top picks

February 13, 2019, 8:53 am
Investors thinking about betting in emerging markets should look at Brazilian stocks, Mexican bonds and banks in the space, strategists and analysts told CNBC. Brazilian stocks are off to a high-flying... 

PayPal launches free money transfer in Hungary

February 12, 2019, 5:06 pm
Global online payments system operator PayPal is launching a free money transfer service in Hungary, and Hungarians will be able to send euro and Swedish krona also free of charge to countries of the European... 
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