Hungary's gold reserves have increased from 94.5 tons to a record 110 tons, taking into account long-term national and economic strategic goals, the National Bank of Hungary (MNB) told MTI on Monday. The increase in the gold reserve was justified by the fact that the precious metal has appreciated due to global economic, geopolitical and […]
It was the first time in the history of the International Travel Awards that a development won three awards: the Liget Budapest Project won first place in two categories: the World's Best Tourism Development and Europe's Best Family Friendly Development, while the Hungarian House of Music was awarded the title of Europe's Most Attractive Tourist […]
A consortium led by KDB Bank Europa Ltd., the Budapest-based subsidiary of South Korea-based KDB Bank, has provided EXIM Hungary with a EUR 120 million 3-year general financing loan, EXIM Hungary has told MTI. According to the statement, the fundraising negotiations with KDB Bank Europa Ltd. started in the fall of 2023, and in the […]
The tourism industry has been celebrating World Tourism Day on September 27 every year since 1980, at the initiative of the United Nations World Tourism Organization (UN Tourism), VisitHungary said in a statement on Friday. Recalling the social and economic importance of the sector, Visit Hungary pointed out that tourism provides a livelihood for some […]
The vast majority of companies believe they can meet their climate change commitments, but for most it could take decades, according to a survey by Ernst & Young (EY), which has published its findings in a statement. According to the survey by the international consultancy firm, almost 70% of companies in Hungary are confident that […]
After taking only a brief pause, the National Bank of Hungary (NBH) returned to its monetary easing path in September, cutting its key interest rate once again. The bank's latest forward guidance suggests a steady outlook on future rates, further fueling market expectations for another rate cut before the year is out. Hungary's decision to […]
BestDrive, the international tire service network of the Continental Group, is expanding in Hungary, having opened its first franchise in Budapest this week. BestDrive announced in a statement to MTI that it will start operations this year with five franchised brand service centers in Budapest and three in rural areas – Szeged, Debrecen and Székesfehérvár […]
MBH Bank and the Hungarian Branch of Bank of China Limited have signed a Memorandum of Understanding to establish a long-term, stable and mutually beneficial business relationship, MBH told MTI on Thursday. The MoU aims to strengthen inter-bank activities, especially in the field of bilateral financing arrangements, and to promote trade in financial products through […]
The share capital of Magyar Export-Import Bank Plc. has been increased by HUF 15 billion by the holder of the company's ownership rights. The news has been announced on the website of the Budapest Stock Exchange. For the capital increase, the Minister of National Economy, who exercises all the ownership rights and obligations of the […]
At its meeting this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to cut the central bank's base rate by 25 basis points to 6.5%, lowering the two edges of the interest rate corridor by the same amount with effect from September 25, […]
Hungarian-owned Master Good Group has acquired a strategic stake in NOBU, a chain of more than 50 restaurants and nearly 20 hotels worldwide. The group comprised of Master Good Ltd., Baromfi Coop Ltd. and Sága Foods Plc., is one of the largest food industry players in the region it and has been a dominant player […]
Hungary will present itself as a bridge between East and West, as the main meeting point for Western and Eastern investments and developments at EXPO REAL, one of the world's most prestigious real estate development trade fairs, between October 7-9 in Munich, the National Investment Promotion Agency (HIPA) and the Real Estate Developers Round Table […]
Organized by the French Embassy in Budapest and the French Institute, the French stand presents the best of contemporary French literature and publishing. The Budapest International Book Festival, which will take place from September 26 to 29 at the Millenáris, is one of the most prominent literary and book fairs in Central Europe, with the […]
Launched three years ago, the English language Hugo app helps collect Hungarian-related sites in the United States, building a network of ‘Hungarian traces’ from the American Revolutionary War to the present day – historical, cultural or even gastronomic. As Anna Smith Lacey, the Executive Director of the Washington DC-based Hungary Foundation, the app’s developer, explains […]
It was 25 years ago that the UN General Assembly adopted the Declaration and Program of Action on a Culture of Peace. To mark the anniversary, the President of the Hungarian UN Society, Katalin Bogyay, invited women ambassadors accredited to Hungary to engage in dialogue for peace through art, poetry and music in the presence […]
