As an integral part of the international art market, the auction market for Hungarian artists shows similar dynamics: the market boomed in 2021, then started to slow down this year after strong results in 2022. The Hungarian contemporary art market, like the global art market, is showing a growing interest in works by female artists […]
"On the basis of the information currently available, there is an equal number of arguments in favor of cutting interest rates by 75 basis points or 100 basis points at the end-January policy meeting," Deputy Governor of the National Bank of Hungary (MNB), Barnabás Virág said at a Euromoney conference in Vienna. The Deputy Governor […]
With an investment of about HUF 20 billion, the Rossmann chain is building a 28,000-square-meter logistics center and a 4,000-square-meter office in Üllő, the project is expected to be completed by the end of 2025, the company said on its website. According to the information, a modern semi-automated warehouse will be built to supply the […]
Mercedes-Benz Hungária Ltd. reported on Tuesday on electromobility gaining ground, the increase in demand for luxury models and the good performance of the models produced in Kecskemét, central Hungary, summing up its sales in Hungary in 2023. The company said in a statement sent to MTI that 4,419 Mercedes-Benz passenger cars were registered in Hungary […]
Suzuki Motor's production plant in Hungary will suspend output this week of its Vitara and S-CROSS models, the Reuters news agency quoted a company statement on Monday. The production halt between January 15 and 21 comes after automakers Tesla and announced suspensions in Europe in the second half of last week, in a sign that […]
The Judit Virág Gallery in Budapest will present a new all-art exhibition entitled Rome-Budapest, featuring Rome-related paintings, sculptures and artworks by renowned Hungarian artists from February 22 to March 28. Through the works of classical and contemporary artists, the public can learn about the influence of the Italian capital on the Hungarian cultural community of […]
The construction industry faced a number of challenges in 2023, but market expectations suggest that even this year will not be a boom year, according to an analysis by financial portal portfolio.hu. Last year, only a third of construction companies managed to increase their turnover compared to the previous year. Nearly half of the companies […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 63,628.13 points on Friday, up 3.54% on the week to 2,173.51 points, MTI reported this morning with a brief analysis. The BUX ended Friday's trading session at a new historic high for the fourth time this week. The weekly turnover of […]
Hankook Tire Hungary Ltd., which has been operating in Hungary since 2007, is one of the country's largest foreign investors, which stands out not only for its economic performance but also for its social responsibility. According to the company's statement, it is important to contribute to improving the quality of life of the people living […]
In addition to the positive international sentiment, the Hungarian stock market also performed well today, with the BUX index setting a new historic closing high. Today, the BUX index ended the day up 0.9% on its last close. The BUX index is currently above its 20-, 50- and 200-day moving averages, so there is a […]
After wielding its veto power at an EU summit in December to stop the proposed €50-billion fund for Ukraine, known as the Ukraine Facility, Hungary suspended a vital life-line for the war-torn country. As the EU searches for ways to revive negotiations on the package, Hungary signaled it may throw its support behind the initiative […]
Veolia Group companies in Hungary and Poland have acquired a 53% majority stake in THERMOWATT Energetikai és Építőipari Ltd., a company developing an innovative technology for the recovery of thermal energy from wastewater, the group said. The statement also revealed that a further 46% stake was acquired by GloCap I Economic Development Private Equity Fund, […]
The Hungarian President of the Republic, Katalin Novák held a New Year Reception for Ambassadors and other mission leaders accredited to Hungary in the Museum of Fine Arts in Budapest. She recalled that there will be elections in Europe this year, giving 400 million European citizens the opportunity to set the direction of European politics. […]
The Budapest Stock Exchange's (BSE) share index, the BUX, closed at 62,804.52 points on Wednesday, up 882.9 points or 1.43%, the second all-time high this week, MTI reported Wednesday afternoon. Turnover on the stock market was HUF 20.5 billion, with the leading shares performing mixed compared to the previous day's close. According to Zoltán Árokszállási, […]
The Centrale multifunctional building complex will be built on one of the Hungarian capital's main intermodal hubs, the Puskás Ferenc Stadion underground station, at Budapest’s prime sports, entertainment, and culture district, and in the middle of the Hungária Boulevard office corridor. The 29,000-sqm GBA development, with its unique architectural and forward-thinking solutions, will offer commercial […]
