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The forint is getting increasingly worse, falling to 365.
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The forint is getting increasingly worse, falling to 365.

The forint’s trading on Thursday initially stabilized, but the exchange rate weakened throughout the day due to the international mood and expectations regarding US labor market data. Important factors include the US-Iran negotiations, the price of oil, and expected interest rate changes by the Japanese and US central banks. The KSH’s unfavorable industrial and retail data also affected the forint, while demand for Hungarian government bonds remained stable.

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Alteo closed the first half with robust growth, with revenues increasing by nearly a third, and EBITDA also significantly increased thanks to energy storage and joint development with Moll, as well as circular economy initiatives. The company put new capacities into operation, made progress in wind power development, and also expanded its waste processing activities. However, due to higher depreciation and interest costs, net profit decreased significantly.

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