Hungary Budapest Business Journal

Mon, 03 Aug 2020 14:30:00 GMT
Estonia retail sales rise in June
Estonia retail sales increased in June, data from Statistics Estonia (SE) shows. 

Mon, 03 Aug 2020 13:00:00 GMT
New HUF 7.3 bln support scheme for green economy capacity upgrades
Finance Minister Mihály Varga on Monday announced a tender for HUF 7.3 billion in European Union and state grant money to support green economy capacity developments, state news wire MTI reports.

Mon, 03 Aug 2020 12:30:00 GMT
Romania jobless rate steady in June
Romaniaʼs seasonally adjusted unemployment stood at 5.2% in June, unchanged from the previous month, data from the National Institute of Statistics (INS) showed on Thursday.

Mon, 03 Aug 2020 11:30:00 GMT
NIPÜF Group develops new warehouse in Inpark Pécs
NIPÜF Group is set to develop a 11,000 sqm new warehouse in its Inpark Pécs industrial park, situated directly along the M60 motorway according to a press release sent to the Budapest Business Journal.

Mon, 03 Aug 2020 11:00:00 GMT
MNB to lower cap on interest guaranteed by life insurances
A fresh decree of the National Bank of Hungary (MNB) will lower the cap set on the so-called technical interest paid to clients on traditional life, pension-, health, and annuity insurance contracts signed from January 2021, the bank announced today,...

Mon, 03 Aug 2020 10:30:00 GMT
EBRD approves EUR 20 mln loan to Banca Intesa Belgrade for on-lending
The European Bank for Reconstruction and Development (EBRD) said it has approved a senior unsecured loan of up to EUR 20 million to Serbiaʼs top lender, Banca Intesa Belgrade (BIB), for on-lending to companies with increased liquidity needs amid the...

Mon, 03 Aug 2020 10:00:00 GMT
Moodyʼs assigns Baa2 rating to CPI Hungary Investments and its new senior unsecured bonds
Moodyʼs Investors Service, has today assigned a Baa2 rating to CPI Hungary Investments Kft. and its new HUF 30 billion backed senior unsecured bonds, guaranteed by CPI Property Group. The outlook on CPI Hungary Investments Kft. is negative, accordin...

Mon, 03 Aug 2020 09:30:00 GMT
Hungary PMI edges back over 50 threshold
Hungaryʼs seasonally-adjusted Purchasing Managers Index (PMI) rose to 50.8 points in July from 47.4 in June, climbing back over the 50-point threshold after plunging in the spring, the Hungarian Association of Logistics, Purchasing and Inventory Man...

Mon, 03 Aug 2020 09:00:00 GMT
Number of active COVID-19 cases falls to 534
The number of active coronavirus cases in Hungary stands at 534, down from 556 last Friday, according to data by government coronavirus information site

Mon, 03 Aug 2020 08:30:00 GMT
Croatia retail sales drop in June
Retail sales in Croatia decreased 6.2% year-on-year in June, following a 7.8% fall in the previous month, figures from the Croatian Bureau of Statistics (Crostat) showed on Thursday. 

Mon, 03 Aug 2020 08:00:00 GMT
Satisfaction with personal relationships slightly below EU avg
On a scale from 0 (not satisfied at all) to 10 (fully satisfied), the average satisfaction of Hungarian residents aged 16 and over with their personal relationships stood at 7.6 in 2018, according to data by statistical agency Eurostat.

Mon, 03 Aug 2020 07:30:00 GMT
Westend shopping mall wins Superbrands award for 8th time
Shopping center Westend won its eighth Superbrands award at the 16th Hungarian edition of Superbrands awards, according to a press release sent to the Budapest Business Journal.

Mon, 03 Aug 2020 07:00:00 GMT
Higher sales, lower marketing costs boost Richter earnings
Hungarian pharmaceutical company Gedeon Richterʼs second-quarter net income climbed 80% year-on-year to HUF 31.5 billion, lifted by higher revenue, improved margins and lower marketing costs, state news wire MTI says, citing an earnings report publi...

Mon, 03 Aug 2020 06:30:00 GMT
Life expectancy up in Poland
Life expectancy inched up in Poland last year compared with 2018, the countryʼs Central Statistical Office (GUS) has reported. 

Sun, 02 Aug 2020 11:00:00 GMT
Citadella funicular could be finished by 2024
A funicular that will bring visitors to Citadella, at the top of Budapestʼs Gellért Hill could be finished by 2024, Budapest deputy mayor Gábor Kerpel-Fronius told reporters on Friday, according to a report by state news wire MTI.

Sun, 02 Aug 2020 10:02:00 GMT
Arts and culture among least popular higher education paths
According to Eurostat, only 11.2% of students in Hungarian higher education study arts and culture, the fifth-worst rate among European countries, compared to the EU average of 14.7%, reports 

Sat, 01 Aug 2020 09:30:00 GMT
HEPA launches HUF 1 billion SME ʼFit for Exportʼ program
The Hungarian Export Promotion Agency (HEPA) on Friday announced the launch of a program, backed by HUF 1 billion in Finance Ministry funding, which will help SMEs enter foreign markets, state news wire MTI reports.

Sat, 01 Aug 2020 07:40:00 GMT
MNB: SME productivity up 30% since 2010
As a result of the rapid development of small- and medium-sized companies in the last two years, the lag compared to large firms has eased, but the difference in terms of both productivity and wages is still significant, according to a Competitivenes...

Fri, 31 Jul 2020 14:30:00 GMT
Poland to invest in innovative agricultural biogas plants
Twenty farm-scale biogas plants based on innovative Polish technology that will allow agricultural substrate management and its conversion into electricity and biomethane will be built under a letter of intent signed at the Ministry of Agriculture, r...

Fri, 31 Jul 2020 13:10:00 GMT
Trade volume improves in May after lockdown plunge
Declines in Hungaryʼs exports and imports slowed in May after plunging during a lockdown to contain the spread of the coronavirus in April, and the trade balance returned to a surplus, Hungarian news agency MTI reports, citing data released by the C...

Fri, 31 Jul 2020 12:30:00 GMT
Hygiene provisions planned ahead of Czech school year starting Sept
The next school year is due to begin in the Czech Republic on the usual date, September 1. This time, however, special hygiene provisions will be in place to counter the spread of COVID-19, the Minister of Education Robert Plaga says.

Fri, 31 Jul 2020 12:00:00 GMT
LOT to launch Budapest-Wrocław flights in August
Polish airline LOT will launch a direct route between Budapest and Wrocław on August 24, according to a press release by the airline.

Fri, 31 Jul 2020 11:45:00 GMT
Domestic new vehicle sales down 5.6% at AutoWallis in H1
Domestic new vehicle sales at AutoWallis fell by 5.6% year-on-year in the first half of 2020, while the groupʼs international sales grew by 15.6% y.o.y., according to a press release sent to the Budapest Business Journal.

Fri, 31 Jul 2020 11:10:00 GMT
Investment support during crisis will pay off in 2021, Orbán says
Prime Minister Viktor Orbán said the scale of the support for corporate investments is a distinguishing feature of the governmentʼs crisis management measures that will produce "fantastic results" in the coming years, state news wire MTI reports.

Fri, 31 Jul 2020 10:40:00 GMT
Average gross earnings at HUF 398,800 in May
In May 2020, average gross earnings amounted to HUF 398,800, 9.4% higher than a year earlier, but slightly lower than in April 2020 (HUF 400,200), according to data released by the Central Statistical Office (KSH).

Fri, 31 Jul 2020 10:30:00 GMT
Slovakia business confidence, consumer morale improves in July
Slovakia’s industrial confidence indicator increased to -5 in July from -10 in the previous month, mainly due to improvements in expectations for production (34 vs 24 in June), the Statistical Office of the Slovak Republic (SÚSR) says. 

Fri, 31 Jul 2020 09:50:00 GMT
Impairment puts Erste Group in red in Hungary
Austriaʼs Erste Group booked a EUR 4.9 million first-half loss at its business in Hungary as impairment due to the coronavirus crisis weighed, state news wire MTI says, citing an earnings report released today.

Fri, 31 Jul 2020 09:00:00 GMT
Number of active COVID-19 cases reaches 556
The number of active coronavirus cases in Hungary stands at 556, up from 542 yesterday, according to data by government coronavirus information site

Fri, 31 Jul 2020 08:30:00 GMT
EU OKs millions in Polish aid to firms hurt by virus
The European Union’s executive has cleared a further package of Polish state aid to businesses harmed by the COVID-19 pandemic. The European Commission, as quoted by the Polish Radio, said it “has approved a EUR 123 million (PLN 545 mln) Polish s...

Fri, 31 Jul 2020 08:00:00 GMT
Gov’t to relaunch SME mentoring program
The government says it will provide as much assistance as possible to Hungarian companies to successfully apply for EU funding, and will, with the help of the National Office for Research, Development and Innovation (NKFIH), relaunch a mentoring prog...