Repayment of outstanding loans is less of a problem than before, and reluctance to borrow has eased, according to a survey by Provident Financial Ltd.'s among its own customers. The data also shows that with their financial situation feeling more stable, more people are willing to spend on things such as health care, which was […]
According to the data of the Hungarian Central Statistical Office (KSH) and the National Tourism Data Service Center (NTAK), nearly 1.5 million people visited Hungarian accommodation establishments in September 2024, which is 2% higher than in the same period last year, the Ministry of National Economy (NGM) said in a statement on Tuesday. Hotels nationwide […]
At the World Expo 2025, which will be held between April 13 and October 13, 2025 with the participation of 161 countries and 9 international organizations, the Hungarian pavilion will mainly be responsible for the development of the country's image and the presentation of Hungarian gastronomy. The Expo 2025 Hungary Nonprofit Ltd. sent a statement […]
The bazaars of Marrakech, the Guggenheim Museum, Parisian romance, the famous Pink City are some of the new destinations offered by Budapest Airport’s winter schedule with nine new flights. As statement by the company, which is the operator of Budapest’s Ferenc Liszt International Airport, and is part of VINCI Airports, points out for the lovers […]
The Danish home furnishing chain JYSK Group's has opened its 100th store in Hungary in the eastern Hungarian city, Debrecen. JYSK CEO Rami Jensen recalled at the opening ceremony that their first Hungarian store was opened in Fót in 2005. And from their regional distribution center in Ecser, opened two years ago, they now serve […]
Hungary’s political landscape is shifting as emerging opposition leader Péter Magyar’s Tisza party continues to challenge Prime Minister Viktor Orbán’s ruling Fidesz party. Two opinion polls released this week show Tisza overtaking Fidesz ahead of the 2026 general elections, signaling a potential shake-up in the country’s long-standing political order. For the second time in as […]
The pharma companies AbbVie (headquartered in North Chicago, Illinois in the United States) and Gedeon Richter Plc. (headquartered in Budapest, Hungary) have announced a new discovery, co-development and license agreement to advance novel targets for the potential treatment of neuropsychiatric conditions. A statement on the website of the Budapest Stock Exchange highlights that this collaboration […]
The two millionth car was completed at the Mercedes-Benz factory in Kecskemét in October, a blue, five-seater EQB with pure electric drive, Mercedes-Benz Manufacturing Hungary Ltd. told MTI on Thursday. According to the information, the plant is currently producing Mercedes-Benz A-Class models, the CLA Coupé and Shooting Brake models, as well as Mercedes-Benz EQBs. Last […]
Low-cost airliner Wizz Air has announced that it will trial operations using Sustainable Aviation Fuel (SAF) in collaboration with Airbus. This positions Wizz Air at the forefront of compliance with the EU’s forthcoming RefuelEU aviation regulations, which are set to take effect in 2025. The joint initiative underscores Wizz Air’s proactive approach to decarbonising air […]
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 […]
