The total modern industrial stock in Hungary was 4,729,935 sqm at the end of Q1 this year. The stock in Greater Budapest reached 3,241,150 sqm, while a further 1,488,785 sqm of industrial space is located in Regional Hungary. Due to the annual size revision, the stock grew by 5,815 sqm, additionally three previously not registered […]
The Budapest Stock Exchange (BSE) share index rose in the week, with the BUX closing at 44,822.21 points on Friday, up 1.64%, or 721.34 points, from the previous week's close, MTI reported Sunday morning with a brief analysis of the week’s trading. Turnover on the stock market was HUF 37.98 billion, up from HUF 21.09 […]
On Friday, 7,207 people entered Hungary at the Ukrainian-Hungarian border, while 7,745 of those entering at the Romanian-Hungarian border said they had come from Ukraine, the National Police Headquarters (ORFK) said. As reported by MTI on Sunday morning, of those who entered, police issued 91 people with temporary residence permits valid for 30 days. They […]
The southeastern Hungarian city of Szeged will stage the 2027 World Canoe Sprint and Para Championships ahead of the 2028 Los Angeles Olympics. The decision was made by the governing body of the International Canoe Federation (ICF), the board, at its meeting in Budapest, and announced by the organization’s president, Thomas Konietzko. "We are very […]
An exhibition of veteran and modern cars, bicycles and aircraft opened this Saturday in Esztergom, a town along the River Danube northwest of Budapest. This is the sixth time the exhibition has been held, and a pioneer in its creation is András Neuzer (club president of the Esztergom Vitézek rugby team and managing director of […]
The decline in the number of firms continued in March, with nearly 5,000 fewer firms registered in Hungary than in December last year, and 30% fewer firms formed than closed in the same period. This means that the trend of declining company formation and more frequent company closures continues, the economic portal Piacesprofit.hu reports. Seasonally, […]
Despite a more uncertain economic environment making things difficult for the real estate sector as well, the residential properties firm Cordia International Plc. has successfully navigated through the obstacles, as evidenced by the many milestones the company has achieved and the figures that show its performance. That is according to the Chairman of the Board […]
Upon the invitation of the Budapest Chamber of Commerce and Industry to the Hungarian capital, a business delegation of high-ranking members of New Jersey State’s politics and business from the United States paid a visit to the headquarters of the Hungarian Investment Promotion Agency (HIPA) followed by an insightful business forum. According to a statement […]
In 2022, with a rental revenue of EUR 15.54 million, the Budapest office complex Graphisoft Park achieved a pro forma net result of EUR 6.02 million, which is more than EUR 400,000 higher than the forecast published last November and 24% higher than our previous year's result. The significantly better result than the forecast is […]
Pope Francis is scheduled to visit Hungary on a three day trip to demonstrate his commitment to building up a more fraternal society in a Europe wounded by war. Immigration and minority rights will also be on his agenda, issues on which the pontiff and Prime Minister Viktor Orbán have divergent views. The official visit […]
Lidl Hungary sold Hungarian wine worth HUF 14.2 billion at home and abroad, with sales up by almost 60% in five years, the supermarket chain told MTI. Export sales have reached 15 million bottles, with Furmint, Királyleányka and Szürkebarát being the most popular Hungarian wines abroad. The offer is wide-ranging, with products from family wineries […]
Sales revenue at Mapei Ltd. in the first quarter of this year was HUF 7.2 billion, down 6.6% year-on-year, the company, which manufactures and distributes building materials, told MTI on Thursday. However, the company's export revenues rose by 28% to 169 million forints. The company aims to remain competitive in a changing market environment. To […]
The Lillafüred forest railway line in north-eastern Hungary has been renovated at a cost of more than HUF 4.3 billion. The entire railway track, service facilities and trains have been completely restored. The renewal of the forest railways plays an important role in the development of active tourism, with the twelve lines operated by the […]
On the proposal of Defense Minister Kristóf Szalay-Bobrovniczky, the President of the Republic Katalin Novák relieved – with immediate effect this Thursday – Lieutenant General Romulusz Ruszin-Szendi, Commander of the Hungarian Defense Forces, from his post, the Ministry of Defense told MTI. It was also informed that the Minister of Defense proposes Lieutenant General Gábor […]
Twenty-three musicians from five continents will perform at the second edition of Jazzfest Budapest, part of the Budapest Spring Festival (BTF) until May 17. This year's series of events are hosted in ten venues. The program has been put together by a team of curators, including internationally renowned Hungarian jazz musicians Tamara Mózes and Kornél […]
