The global market for mergers and acquisitions (M&A) set a new record for the number of deals in 2022, but the total value of deals was 30% lower than in 2021, according to a new study by the accounting firm Deloitte. The number of transactions hit a decade high, with 44,765 deals last year, up […]
The real estate market experienced a long-unprecedented momentum in May, with investment in the capital and moving to larger properties in rural areas motivating buyers, while nationwide, demand was focused on good condition apartments, real estate brokerage firm Duna House said on Monday. According to its estimates based on the company’s own data, 10,187 sales […]
The biggest Hungarian wineries had a varied year in 2022. Among the best performers were Varga Winery, St. Andrea (Attila Gere's interest), but Kreinbacher also soared and Bock Winery cannot complain, according to a summary by Management Forum (Mfor). In 2022, the weather and drought have significantly reduced the overall volume of grapes produced, but […]
Denso Manufacturing Hungary Ltd. installs three new production lines at its Székesfehérvár site and launches a large-scale reskilling program to adapt to electrification. The investment scheduled to be completed by April 2024 is worth EUR 64.4 million (over 14% of which is covered by Hungarian taxpayers through state subsidy) with up to 55 new jobs […]
It was for the first time this May that 31-year-old Hungarian pianist Peter Bence performed in a major concert in Budapest. A real virtuoso, he sometimes plays his piano as drums or guitar. "With his unique technique, he has taken piano playing to a new level, making a great impact on new generations of musicians […]
The value of Hungarian exports was 3.4% higher, while that of import 4.0% lower in EUR terms in April 2023 than in the same period of the previous year, MTI reported quoting official figures by the Central Statistical Office. The balance of the Hungarian economy’s external trade in goods improved by EUR 836 million. Compared […]
The stock index of the Budapest Stock Exchange (BSE) rose last week amid falling turnover, closing at 49,320.70 points on Friday, up 3.03% on the week to 1451.09 points, MTI reported this Sunday morning with a brief analysis of the week’s trading. Weekly turnover on the stock market was HUF 67.9 billion, up from HUF […]
Based on the numbers of inbound tourism so far this year and summer bookings, the number of foreign tourists is already approaching the levels before the epidemic, Tamás Flesch, president of the Association of Hungarian Hotels and Restaurants, told the business news portal Napi.hu. Foreign tourists are rediscovering Hungarian tourism this year after the pandemic, […]
On June 10, the Hungarian Interchurch Aid (HIA) invited everyone to a picnic and a demonstration of local hop production in Kastélyosdombó, in the castle park of the Erdődy Castle, which is also the seat of the regional headquarters of the Hungarian Interchurch Aid. The event, called ‘Hops Tour in Kastélyosdombó’, was supported by HEINEKEN […]
The installed photovoltaic capacity in Hungary increased by more than 840 megawatts in the first five months of this year, and by the beginning of the summer the total number of solar power plants above 50 kilowatts (kW) exceeded 3,000 megawatts, the Ministry of Energy (EM) informed MTI in a statement on Saturday. Another sign […]
Masterplast Plc. and Market Építő Plc. have announced on the website of the Budapest Stock Exchange (BSE) on Friday that they have established a joint venture to develop and manufacture new building materials for Master Plaster and Master Builder Construction. The two companies had a strategic cooperation agreement on the establishment of Budapest-based MIP Alapanyaggyártó […]
The Waberer's Group has invested almost EUR 2 million to rejuvenate its fleet, with the company putting 45 three-axle and 5 two-axle Berger trailers into service for its local and international transport operations, Waberer's told MTI on Friday. According to the statement, the company has replaced a significant number of its semi-trailers in recent years, […]
The first phase of Skanska's H₂Offices has set an impressive environmental benchmark, earning a Platinum Leadership in Energy and Environmental Design (LEED) Core and Shell version 4 certification with 84 points, which is currently the highest score in Hungary. A statement by Skanska points out that this achievement sets a new standard in sustainable office […]
Budget airline Wizz Air expects heavy passenger traffic and higher fares this summer. The airliner is also expecting higher revenues in the 2023-2024 financial year, after posting a loss of EUR 535 million last year, according to the company's annual report. The business news website napi.hu reports that Wizz Air's net profit for the 2023-2024 […]
Hungary will eventually have to adopt the single European currency, but moving too soon would cost the nation’s economy, the governor of the National Bank of Hungary said. György Matolcsy stressed that the country will be ready for euro adoption by 2030. The National Bank of Hungary has a clear and firm position: Hungary must […]
