Industrial producer prices were 9.0% higher on average in December 2024 than one year earlier. Domestic output prices were 4.0% and non-domestic output prices 11.5% higher than in December 2023, the Central Statistical Office (KSH) reports. The price rise was primarily caused by the weakening of the forint exchange rate against the euro. Compared to […]
Hungary’s economy is showing tentative signs of recovery after stagnating through much of 2024, weighed down by sluggish demand from key eurozone trading partners. Yet, the broader outlook remains lackluster. Fresh data released by the country’s statistical office this week revealed that gross domestic product (GDP) grew by 0.5% in the fourth quarter compared to […]
Henkel Hungary has doubled the production capacity of its multi-technology adhesive plant in the western hungarian village of Környe, recognized as a key operation within the global network of the German multinational. The EUR 30.0 million investment involved the installation of new production lines, enabling the company to better serve its furniture and food industry […]
Toyota expects the new car market in Hungary to stagnate in 2025, but it is realistic to maintain its multi-year leadership by setting a new sales record and supporting this by repositioning the prices of its plug-in hybrid models, Toyota Central Europe Ltd., the company responsible for imports in Hungary, said in Budapest. According to […]
Coca-Cola HBC Hungary is preparing to open 15 staffless and cashierless stores in three years with a total investment of more than HUF 250 million, and the company plans to triple its revenue from this commercial solution by the end of 2026, the company told MTI on Wednesday. According to the information, the soft drink […]
According to the latest survey by the Business Council for Sustainable Development in Hungary (BCSDH), conducted with professional support from Deloitte, 66% of Hungarian companies committed to a sustainable transition have defined specific climate protection goals. Additionally, the number of companies measuring emissions across their entire value chain has doubled. The BCSDH survey reveals a […]
The Hungarian Diplomatic Academy (MDA) has signed a cooperation agreement with Continental Autonomous Mobility. The aim of the MDA's Corporate Diplomacy Program, which is overseen by the Ministry of Foreign Affairs and Trade, is to deepen cooperation between the corporate sector and the foreign service, MDA told MTI. Since its establishment in 2020, MDA has […]
Every second Hungarian company surveyed expect their net sales to increase this year, two-thirds of those surveyed expect a 4-10% increase and 21% expect an even higher increase, according to the results of Randstad 2025 HR Trends, the results of which were released to MTI on Monday. The survey, which was conducted between October and […]
At its meeting on January 28, 2025, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided not to change the central bank interest rates with effect from January 29, 2025, MNB said in a statement. According to the communiqué, the primary objective of the National […]
Rail Cargo Hungaria (RCH) has achieved outstanding energy efficiency: last year, the company's locomotives consumed more than 90 million kilowatt hours (kWh) of electricity on the rail network of MÁV Hungarian Railways , with more than 11% of the energy used being fed back into the network by using braking energy, thus saving enough electricity […]
January 28 is International Data Privacy Day, and Provident Financial Ltd. wishes to raise awareness among older people of the importance of online consciousness, the lack of which can have financial consequences. Over the past 10-15 years, the digital revolution has fundamentally changed the lives of the older generation. They don't have to wait hours […]
The Hungarian team won the special prize for the platter theme at this year's Bocuse d'Or in Lyon, France this Monday. In the overall competition, Hungary finished 13th, the news site telex.hu reported. The winner of the world gastronomy competition this year was France, followed by Denmark and Sweden. The Hungarian team was led by […]
Budapest Airport, the operator of the Hungarian capital’s Ferenc Liszt International Airport and part of the VINCI Airports network, has achieved an important milestone in sustainability. Budapest Airport’s subsidiary, Airport Fuel Supply Ltd., has successfully passed the audit criteria for the introduction of sustainable aviation fuel (SAF) at Ferenc Liszt International Airport. Certification is a […]
Magyar Telekom, the leading Hungarian telecommunications service provider, has announced on the website of the Budapest Stock Exchange that it has entered into an agreement to sell ViDaNet Plc., a company providing fixed services, to URSUS Investment and Asset Management Plc.. In a multi-step process, Magyar Telekom is divesting its shareholding in ViDaNet Plc., while […]
MVM Mobiliti's 300 kilowatt (kW) ultra-fast chargers are now available at ten locations, including Székesfehérvár, Dunakeszi, Szolnok and Kecskemét, MVM Mobiliti Ltd., the operator of the country's largest e-charger network, told MTI on Friday. According to the statement, MVM Mobiliti's first project, supported by the European Union's CINEA (European Climate, Environment and Infrastructure Executive Agency), […]
