The financial situation of the Hungarian population is slowly improving, and with it the willingness to take out loans has also started to increase, according to data from a national survey commissioned by Provident Financial Ltd. Although demand for credit has fluctuated over the past few years, along with consumer confidence, both are currently on […]

Hungary's parliament has passed a constitutional amendment allowing the government to ban public LGBTQ+ events, including the annual Budapest Pride march. The amendment, approved on April 14 with a two-thirds majority by the ruling Fidesz-KDNP coalition, declares that children's rights to moral, physical, and spiritual development take precedence over other fundamental rights, including the right […]

Despite the economic difficulties, the economic indicators of Hungary's BioTechUSA Group improved last year, with the turnover of one of Europe's largest manufacturers and distributors of dietary supplements rising to HUF 93.7 billion, the company told MTI on Thursday. It said the wholly domestically owned group increased its turnover by 3.5%, while its EBITDA rose […]

Ganz Transformers and Electric Rotating Machines Ltd. closed the 2024 business year with an outstanding result, its net sales more than doubled compared to last year, and its profit after tax increased almost fourfold, the company told MTI on Thursday. According to a statement, the net sales of the company, which has been 100% Hungarian-owned […]

The Hungarian oil and gas company Mol has made three new natural gas discoveries in the Tal exploration area in Pakistan, for which the company has now started to develop an extraction strategy, the Hungarian Minister for Foreign Affairs and Trade, Péter Szijjártó announced in Islamabad. Mol has been present in the Pakistani market for […]

The French ESSCA School of Management International's Hungarian Campus, which is ranked at the top of the Financial Times' management training rankings and is recognized as the "Triple Crown" of the profession, has hosted a prestigious international afternoon this Wednesday with former Peruvian Ambassador Péter Kraft, owner and creative director of the Hungarian Value certified […]

Porsche Hungária has donated an Audi demonstration car, each manufactured for educational purposes, to five vocational training institutions in the country, the head of communications of the company, Tamás Bognár, said at a press conference held in Tatabánya on Wednesday on the occasion of the handover of one of the vehicles. According to MTI, the […]

The toy market is also boosted by Easter, with families with young children usually buying between HUF 5,000 and HUF 10,000, REGIO Toytrade Ltd. told MTI on Wednesday. According to their survey, 69% of parents buy toys on the eve of the first family holiday of the year, with only sweets being more popular at […]

At the Sanofi Pharmaceutical Innovation Center, the biopharmaceutical company is now presenting its global immunology strategy, highlighting the role of innovative medicines and vaccines in the future of medicine. First unveiled at the 2024 Olympic and Paralympic Games in Paris, the Sanofi Science Lab will now be the only one in Central Europe to be […]

The SAAB Group, manufacturer of Gripen fighter jets, is to establish an aeronautical development center in Hungary, which will provide a major opportunity for Hungarian engineers to take part in the high-tech industry of fighter aircraft production, according to Hungarian Minister for Foreign Affairs and Trade, Péter Szijjártó. A statement issued by the ministry says […]

PannErgy sold 670,000 gigajoules (GJ) of heat in the first quarter, 2.6% ahead of plan and 3.8% ahead of last year's first quarter, the company said in a production report published on the Budapest Stock Exchange (BSE) website on Wednesday. A summary by MTI says the geothermal system in Miskolc sold a record 328,000 GJ […]

Budapest Mayor Gergely Karácsony inaugurated a memorial mark on the occasion of the 80th anniversary of the Holocaust on Boráros Square. The commemorative mark bears the names of the victims of the internment camp established on Csepel Island on the River Danube in the spring of 1944. The event featured a recitation by the actor […]

According to preliminary data, the net sales of DEKRA Group's Hungarian subsidiaries last year amounted to HUF 11 billion and the profit after tax was HUF 230 million, while this year's sales are expected to increase by 4-5%, the company said at a press conference in Budapest on Tuesday. The export turnover of the group's […]

AVICO’s latest residential project, Spring Garden, is taking shape in one of the greenest parts of Angyalföld (Budapest's 13th District), directly adjacent to the Rákos Stream. The development includes 218 flats and will rehabilitate the entire area between the new buildings and the stream, transforming it into a spacious, continuous urban park, according to a […]

The AutoWallis Group’s Retail Business Unit increased new vehicle sales by 13% thanks to international acquisitions closed last year, while the Distribution Business Unit’s sales showed a year-on-year decrease in the first quarter, mainly due to one-off effects. The regional car sales and mobility service provider’s used vehicle sales skyrocketed, showing growth of more than […]

HelloParks has commenced construction of two new sustainable industrial and logistics facilities in Fót and Páty (North and West of Budapest), adding over 88,000 sqm of space to its domestic development pipeline. Upon completion, the company will operate a total of 11 buildings across its megapark network by the end of the year. These developments […]