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Hungary online utility bill service quadruples profit

June 17, 2019, 11:29 am
Online utility billing platform operator Díjnet Zrt. increased its profit by nearly 300% last year, with net profit of HUF 176 million compared to HUF 45.6 million in 2017. The number of users grew 10%... 

Opus shareholding in 4iG drops to under 10%

June 17, 2019, 10:52 am
Opus has announced on Monday that its voting rights in 4iG declined to 9.95% from 13.79%, previously. As a result of the termination of securities lending contracts by Opus on 14 June 2019, the shareholding... 

President-CEO buys controlling stake in Hungarian IT group

June 17, 2019, 10:35 am
Following an agreement between tycoon Lőrinc Mészáros and Gellért Jászai, president-CEO of exchange-listed IT group 4iG Nyrt., Jászai has gained a controlling stake in the company, 4iG announced on the... 

Budapest spas install 1,000 solar panels using EU funds

June 17, 2019, 8:50 am
The energy modernisation of the Palatinus and Paskál spas in Budapest has been completed by the beginning of the summer season, for a combined cost of HUF 162 million, Budapest spa operator BGYH said on... 

Sunday shopping ban may return to Hungary

June 17, 2019, 8:32 am
Retailers may voluntarily shorten their Sunday opening hours by a unified policy decision if customers are willing to accept the change, which would benefit employees and certain businesses as well, the... 

All eyes on Washington this week

June 17, 2019, 8:19 am
The next few days will uneventful in Hungary, while there will be an abundance of central bank policy meetings abroad. Investors will keep a close eye mainly on the U.S. Federal Reserve as its next move... 

Hungary records huge EU funds inflow in May

June 14, 2019, 5:12 pm
Hungary has paid 108 billion forints worth of EU funds to tender winners in May, which is the largest volume disbursed since December 2018. By this the government has reached another milestone in EU funds... 

China's CMC to start construction of mammoth solar park in Hungary

June 14, 2019, 3:35 pm
The China National Machinery Import & Export Corporation (CMC), specialised in the import and export of mechanical products, is to start the construction of a 100 megawatt photovoltaic power station, the... 

Hungary signs gas interconnection pipeline deal with Serbia

June 14, 2019, 2:59 pm
An intergovernmental agreement has been signed in Budapest on Friday about a co-operation regarding the construction and operation of a natural gas interconnection pipeline crossing the Hungarian-Serbian... 

Hungary Fidesz MP wants Pride March banned

June 14, 2019, 12:50 pm
István Boldog, deputy leader of the parliamentary group of Hungary’s ruling Fidesz party, asked his fellow MPs to “do everything to prevent the next Pride March from taking place publically."... 

Hungary's OTP said to be one of the bidders for Slovenian bank

June 14, 2019, 11:32 am
OTP Bank, Hungary’s largest lender, and investment fund Apollo have made bids for Slovenia’s Abanka, Slovenian daily newspaper Delo reported on Friday. Investment fund Apollo and OTP Bank... 

'Zombie companies' hold 150,000 employees captive in Hungary

June 14, 2019, 11:00 am
There are still untapped reserves in the Hungarian labour market and the near future could bring major changes, guests invited to InfoRádió's 'Dialogue on the Economy' programme said, according to a report... 

Telemedicine service launched in Hungary

June 14, 2019, 9:11 am
The Teladoc Health group, listed on the New York stock exchange, is introducing its virtual medicine service in Hungary through its local unit, the company announced. Advance Medical Hungary is operating... 

Hungary's construction sector still strong, but there are warning signs

June 14, 2019, 9:02 am
The volume of construction output increased by 40.1% year on year in Hungary in April 2019, according to unadjusted data, the Central Statistical Office (KSH) reported on Friday. Based on seasonally and... 

Spectacular chart shows massive gasoline displacement by plug-in cars

June 14, 2019, 9:01 am
With the spread of plug-in vehicles, motor fuel savings have increased substantially in the last few years in the united States. According to a recent report from the Department of Energy’s (DOE)... 

Tesco to stay in Hungary

June 14, 2019, 8:34 am
At Thursday's AGM of British retail chain Tesco, shareholders asked President John Allan whether the company would still have Eastern European operations in 2020, to which Allan reassured investors and... 

EU aims to improve work-life balance for parents are carers

June 13, 2019, 5:20 pm
The European Council on Thursday adopted a Directive on work-life balance for parents and carers which aims to increase the participation of women in the labour market and the take-up of family-related... 

European Council sets out to improve working conditions in EU

June 13, 2019, 4:38 pm
The European Council on Thursday adopted a directive which will make working conditions across the EU more transparent and predictable. The new law introduces new minimum rights, as well as new rules on... 

Hungary pays out HUF 360 bn in agricultural subsidies

June 13, 2019, 3:40 pm
HUF 360 billion, or 35% of the HUF 1,300 billion Regional Development Operational Programme, has already been paid out in subsidies to a total of 188,000 winners, Zsolt Feldman, state secretary at the... 

Raiffeisen shareholders approve huge dividend raise

June 13, 2019, 3:35 pm
Shareholders of Raiffeisen Bank International AG (RBI) approved at the Annual General Meeting on Thursday a dividend payment of 93 eurocent per share, which marks a 50% hike over the dividend paid in 2018.... 
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