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HungaryTrends – The most important business and financial news
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See below main Hungarian business and financial news from the previous week:
HUNGARIAN TOURISM CONTINUES TO SKYROCKET IN 2018
The latest results of the 2018 report of the World Travel & Tourism Council (WTTC) examining the global and domestic impact of tourism in 185 countries including Hungary. According to the results of the research, the positive tendency witnessed in the tourism of Hungary is going to continue in the future, and an even greater growth is expected in some domains in subsequent years. Read more HERE.
NEW CARSHARING SYSTEM IN BUDAPEST IS THE BOMB
Approximately 800-900 people use the new carsharing service of MOL in Budapest. The vehicles of the system have already travelled more than 400,000 kilometres. There are certain hotspots in the Hungarian capital that are especially popular among the users of carsharing. Read more HERE.
CONSTRUCTION OUTPUT JUMPS 26 PC IN FEBRUARY
The output of Hungary’s construction sector rose by an annual 26 percent in February, the Central Statistical Office (KSH) said. The output of the building segment increased by 19.8 percent during the period. The output of the civil engineering segment climbed 40.1 percent. Read more HERE.
HUNGARIAN BATH TOURISM SKYROCKETING IN SPRING
Budapest’s baths have increased their traffic by almost 20 percent during last March. Medicine waters seem to be attractive for tourists, which is proven by the fact that 60 percent of them also buys a ticket for some of the baths in the capital. Read more HERE.
OTP SHAREHOLDERS APPROVE HUF 219-PER-SHARE DIVIDEND
Shareholders of OTP Bank, Hungary’s biggest commercial lender, approved payment of a 219-forint-per-share dividend on last year’s earnings at an annual general meeting. The dividend fund comes to 61.3 billion forints (EUR 197m). This year is likely to be “intensive” with regard to acquisitions, said chairman-CEO Sándor Csányi. Hopefully, OTP can announce the details at the beginning or in the middle of summer, he added.
MOL SHAREHOLDERS APPROVE HUF 127.5-PER-SHARE DIVIDEND
Shareholders of Hungarian oil and gas company MOL approved payment of a 127.5-forint-per-share dividend on last year’s earnings at an annual general meeting. The dividend fund comes to 94.2 billion forints (EUR 303m). MOL’s board continued its practice of raising the base dividend by 9 percent from the previous year, but also proposed sharing free cash flows with shareholders in the form of a 50 percent top-up. Read more HERE.