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BSE:MOL 25 December 2025

Budapest Update Dec. 25, 2025: Gellért and Rác Baths Renovation Delays Deepen as BKK Signs MOL Bubi 3.0 Contract

Budapest Update Dec. 25, 2025: Gellért and Rác Baths Renovation Delays Deepen as BKK Signs MOL Bubi 3.0 Contract

Budapest’s €60 million loan application to renovate Gellért, Rác, and Széchenyi Baths was rejected by the Hungarian government, delaying the projects. The city’s bath operator plans to resubmit the request as Gellért Bath remains closed, creating a major revenue gap. Meanwhile, the MOL Bubi bike-sharing system will expand without a winter shutdown.
25 December 2025

Stock Market Today

  • Dow Surges Past 50,000, S&P 500 and Nasdaq Hit Records on AI Rally
    May 14, 2026, 4:27 PM EDT. U.S. stocks climbed sharply Thursday as the Dow Jones Industrial Average retook the 50,000 mark and the S&P 500 and Nasdaq Composite surged to fresh all-time highs. Nvidia shares jumped over 4%, pushing its market value to a record $5.7 trillion amid strong demand for AI chips and U.S. approval of sales to several Chinese firms. The AI trade reignited optimism as President Trump and Xi Jinping began a high-stakes U.S.-China summit, focusing on trade, technology, and geopolitical tensions. Meanwhile, Cisco stock rose following an earnings beat and restructuring plan focusing on AI. Higher oil prices linked to geopolitical risks helped lift U.S. retail sales, underscoring inflationary pressures impacting rate cut expectations.

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