As expected, the Monetary Council of the National Bank of Hungary (MNB) left its policy rate unchanged at its meeting this Tuesday. In the explanatory statement, the central bank stresses the importance of caution in view of deteriorating external developments. The press statement released after the meeting points out that MNB’s primary objective is to […]
The Budapest Real Estate Consultants' Forum (BIEF, BRF), which comprises CBRE, Colliers, Cushman & Wakefield, ESTON International, iO Partners and Robertson Hungary, has published its industrial/logistics real estate market data for Q3 2024. The statement points out that the total modern industrial stock in Hungary amounted to 5,292,750 sqm at the end of Q3 2024. […]
After Malta, Hungary has seen the highest growth in the number of new purely electric cars registered in the first nine months of this year, according to a post on the Ministry of Energy (EM)'s social media page. The Mediterranean island nation has reclaimed the top spot with 83.2%, while Hungary is again the silver […]
One in six people in the world live with some kind of disability, but it is not always easy to see for outsiders. This year, Budapest Airport, the management company of the Hungarian capital’s Ferenc Liszt International Airport, has launched several initiatives at the airport to make travelling more pleasant and relaxing for people with […]
The number of bottles and cans returned under the new recycling system has reached half a billion this week, Mol's waste management concession company MOHU has told MTI. The statement said that MOHU's goal is to recycle at least 90% of beverage packaging in Hungary, where it is estimated that more than 3 billion beverage […]
The Mercure hotel in Debrecen has been awarded the BREEAM Excellent international sustainability rating, it has announced at a press conference held at the hotel. BREEAM is a sustainability rating system developed in the United Kingdom, and currently Mercure Debrecen is the highest-scoring BREEAM-certified hotel in Hungary. That was stated by Sándor Szabó, Deputy General […]
The role of employer branding in the corporate sector to find and retain employees will continue to grow: 47% of companies surveyed will increase their employer branding budgets in 2025, despite the economic challenges, according to the Brandfizz Employer Branding Compass National Employer Brand Survey sent to MTI. The survey says only 7% of those […]
The Hungarian energy distribution company ALTEO Plc. has announced on the website of the Budapest Stock Exchange that it signed this Friday business quota sale and purchase contracts with the Hungarian company Pannonia Bio Plc. and the Spanish firm CEOLICA HISPANIA for the acquisition of 100% of the business quota of the Hungarian renewable energy […]
More than 700 female students took part in the TechCsajok [‘TechGirls] career orientation event in Budapest and Debrecen, presenting the possibilities of engineering careers, the German-Hungarian Chamber of Industry and Commerce (DUIHK) has told MTI . DUIHK has been organizing the career orientation roadshow since 2017 with the support of its member companies to promote […]
Hungary's economy faces a challenging third quarter with zero growth expected and the forint at an 18-month low against the euro. This gloomy outlook could force the central bank to maintain current interest rates for an extended period. Deputy Governor Barnabás Virág of Hungary's central bank signaled a potential pause in interest-rate cuts at a […]
The Mol Group and Turkish Petroleum Corporation (TPAO) signed a Memorandum of Understanding in Istanbul to work together as strategic partners in the field of hydrocarbon exploration and production, the oil and gas group has announced. The statement says the companies are taking their cooperation in Turkey to a new level after successful joint international […]
Developing financial literacy and self-care is of paramount importance in improving the quality of life, especially in social groups where adults, even if they have their own income, lack financial security. The Hungarian Interchurch Aid organization (HIA) and Provident Financial Ltd. have been working together as strategic partners for two years now to give as […]
After several years of renovation, the iconic Art Nouveau building, once known as the Grand Hotel Milano, is set to open in one of the hearts of Italian luxury, towering over Lake Como. The historic building will soon be revitalized as the Nuvole Garden, with a vision by Hungarian designer Zoltán Varró. According to a […]
The Hungarian company PannErgy sold 163,101 gigajoules (GJ) of heat in the third quarter, 5.3% more than in the same period last year, the company said in its production report published on the Budapest Stock Exchange (BSE) website on Tuesday, while confirming the expected achievement of its consolidated EBITDA (earnings before interest, tax, depreciation and […]
Long-term demographic trends have an impact not only on the working-age population but also on future pensioners. Currently, there are 1 million 998 thousand old-age pensioners in Hungary, a number that is set to grow significantly in the coming years. How does this affect the sustainability of the pension system? That is the question the […]
