Suzuki is making a further investment of HUF 9.3 billion in Hungary, as part of which the Japanese company is expanding its production capacity and taking a major step towards the carbon neutral conversion of its Esztergom plant, this, the Ministry of Foreign Affairs and Trade informed MTI on Wednesday. According to Minister Péter Szijjártó's […]
A new hotel brand has been launched in Hungary after QPR Properties opened its 151-room luxury hotel, the W Budapest Hotel, in the Drechsler Palace on Andrássy Avenue in Budapest. The conversion of the landmark building, which once housed the State Ballet Institute, into a hotel was completed in two and a half years by […]
At its meeting on 25 July 2023, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to leave unchanged the central bank base rate at 13% with effect from July 26, 2023. MNB’s primary objective is to achieve and maintain price stability. Without prejudice to […]
On the initiative of the Hungarian Bathing Association, the Night of the Beaches will be held again this year on July 29, with half a hundred baths from all over the country joining the national event. As the Bathing Association told MTI on Tuesday, the Hungarian baths are looking forward to welcome the lovers of […]
The number of companies in Hungary has fallen every month so far this year, with almost 10,000 fewer firms operating in June than in December last year, business information provider Opten told MTI on Tuesday. According to the information, almost 2,400 companies were founded in June, which is not an outstanding number, but not low […]
The monthly repayments are the main factor that Hungarians look at when considering whether to take out a loan to finance their plans. And for those who have been granted a loan by a financial institution in the past year, the total cost of the loan and how easy it was to borrow are the […]
The environmentally friendly, electric-powered fleet of Volánbusz has been expanded significantly in the last year and a half, with the company putting 100 new electric buses into service in the framework of the HUMDA Plc. Green Bus Program, the nationwide bus company Volánbusz said in a joint statement with the program's participants on Tuesday, MTI […]
In the first half of this year, the Hungarian Food Bank Association saved and donated 4.7 million kilograms of near-expiry and faulty packaging to people in need. In a statement sent to MTI on Tuesday, the association said that since their formation in 2005, they have collected more than 100 million kilograms of surplus food […]
The A1 and B1 halls of the first phase of the East Gate Pro Business Park, developed by WING Plc., have been awarded the BREEAM International New Construction Very Good sustainability rating, portfolio.hu reports. The halls have earned the rating for their sustainable energy and water efficient management, among other things. The development has been […]
The National Bank of Hungary (MNB) will offset its annual carbon footprint in Drávaszentes, in the area of the Danube-Drava National Park in southern Hungary, with large-scale afforestation and grassland reconstruction, again in close cooperation with WWF Hungary, thus neutralizing its carbon emissions. The central bank says in a statement that it first offset the […]
BUX, the stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 53,404.17 points on Friday, up 1,549.52 points or 2.99% from a week earlier, MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover of the stock market was HUF 56.15 billion, up from HUF […]
More than three quarters (77%) of EU citizens think climate change is a very serious problem at this moment, according to the latest Eurobarometer climate change survey. 61% of Hungarians respondents say they have taken action in the past six months to fight climate change. A majority of Europeans think that the European Union (56%), […]
The majority of household savings are in cash, due to high inflation we are experiencing a very serious loss of wealth, Hungarian households are losing several thousand billion forints due to inflation. As the annual inflation rate hovered just above 20% in June, the toll of skyrocketing consumer prices is adding up for Hungarians. Hungary […]
The Panorama Terrace of the Money Museum in Budapest attracted 10,000 visitors in the first month after its opening, the museum told MTI on Thursday. According to the statement, the exceptionally high number of visitors was also helped by the audience of the Night of Museums, when about 3,000 visitors were welcomed. As they recall, […]
German automotive firm Kirchhoff invests EUR 50 million in total at its sites in Esztergom and Dorog, both located in Pest County, to expand its Hungarian operation significantly. The projects are to create 80 new jobs, according to the Hungarian Investment Promotion Agency. Kirchhoff Automotive is an international supplier that offers body solutions to make […]
