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Sziget Festival Back in Full Swing after Pandemic

Last year, after the epidemic, the Sziget Fesztivál recovered from a deficit of more than two billion HUF (Euro 5.4 million), revealed head organizer Tamás Kádár at a press conference at the…

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MSSZ Marks 175 Years of Modern Beer Production in Hungary

The Hungarian Brewers’ Association (MSSZ) celebrated the 175th anniversary of the beginning of modern Hungarian beer production with a professional roundtable discussion attended by the heads of the five largest beer producers…

bbj.hu

Hungary Inflation at 24% in April

Consumer prices in Hungary were 24% higher on average in April 2023 than a year earlier, according to data released by the Central Statistical Office (KSH).

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MTel Earnings Fall on Higher Costs

First-quarter net income of Magyar Telekom (MTel) fell 43% year-on-year to HUF 10.5 billion as indirect costs climbed faster than revenue, state news wire MTI reports, citing an earnings report released after the…

bbj.hu

Lithuania Inflation Rate Eases in April

Lithuania’s annual inflation rate increased to 14.5% in April, easing further from a 1-year low of 16.6% in the previous month, data from the Vilnius-based Statistics Lithuania (LS) showed on Tuesday.

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Czech Industrial Output Rises Further in March 

The Czech Republic’s industrial production expanded for the second straight month in March on the back of strong manufacturing output, data from the Czech Statistical Office (CZSO) revealed on Tuesday.

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Nádudvari Revenue Rises 35% in 2022

Revenue of food company Nádudvari Élelmiszer, a unit of agribusiness Nagisz, rose 35% to HUF 16.7 bln last year, managing director Ádám Nagy said on Wednesday. 

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OTP Bank Books Q1 Profit of HUF 194.8 bln

OTP Bank, Hungary’s biggest commercial lender, had consolidated after-tax profit of HUF 194.8 billion in the first quarter, improving from a HUF 33.4 bln loss in the base period, when impairment on…

bbj.hu

Government Aims to Attract Serbian Guest Workers

Hungarian Foreign Minister Péter Szijjártó (L) and Serbian Foreign Minister Ivica Dacic Minister of Foreign Affairs and Trade Péter Szijjártó held talks in Belgrade on Wednesday, where among other issues, the two…

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Crowds to Travel during Pentecost Weekend

Pre-bookings for the Pentecost long weekend increased by 15 percent compared to the previous year, Szallas.hu reported based on its own data. According to the most recent survey of the booking site,…

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Agricultural Relations with the United States to be Strengthened

Balancing the triple bottom line of competitiveness, food self-sufficiency and sustainability is necessary to ensure the long-term success and sustainability of agriculture, Agriculture Minister István Nagy said at a meeting with Glenn…

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Defense Co-operation with Italy to Be Developed

Italy and Hungary are strategic allies, Defense Minister Kristóf Szalay-Bobrovniczky affirmed in Rome on Wednesday after bilateral talks with Italian Defense Minister Guido Crosetto, MTI reports. Kristóf Szalay-Bobrovniczky, reporting to a public…

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