Another milestone has been reached for the 130-year-old New York Café, which is considered to be the most beautiful café in the world. The iconic establishment on Erzsébet körút in Budapest will open nightly from March 1st, after a test run, and will offer a nightly menu: from Thursday to Sunday, from midnight, giving more […]
Rossmann, the renowned drugstore chain, has commenced the installation of advanced system technologies in its new logistics hub in Üllő, just south of Budapest. The facility was handed over under early access terms by the developer, Panattoni Hungary, and owner OTP Real Estate Investment Fund. This HUF 20 billion project, one of the largest build-to-suit […]
A recent report by the McKinsey Global Institute (MGI) highlights a pressing concern: declining fertility rates and aging populations are poised to significantly impede economic growth, particularly in countries like Hungary and various emerging economies. Countries will need to raise fertility rates to avert depopulation—a societal shift without precedent in modern history. Hungary has been […]
In the first month of this year, the slightly negative trend continued: according to the survey conducted by the GKI Economic Research Institute with the support of the EU, the outlook for both the business sector and consumers deteriorated compared to December, although in both cases only within the statistical margin of error. Even so, […]
The airline Wizz Air broke its own passenger traffic record again in 2024, carrying 63 million passengers on almost 300,000 flights, a 23% increase compared to 2023, the airline told MTI on Thursday. In 2024, 6.4 million passengers travelled from Hungary with Wizz Air, a 23% increase compared to 2023. Last year, Wizz Air launched […]
The meat processing company Hungerit Plc. is investing EUR 97.6 million in a modern greenfield chicken slaughtering and processing facility in Szentes, SE Hungary, the Hungarian Investment Promotion Agency (HIPA) report. Spanning 23,000 square meters, the facility will significantly expand the company’s broiler operations in Szentes, allowing it to double its annual processing capacity from […]
A direct flight is to be launched between Budapest and Kuwait City, courtesy of Jazeera Airways. The memorandum of understanding on this was signed in January between the airline and the operator of the Hungarian capital's Ferenc Liszt International Airport, Budapest Airport, the latter one has announced in a statement. The flights will operate from […]
Auchan Hungary is opening a new, innovative retail unit in the capital, the essence of which is that customers can enter the store, shop and pay at any time with the help of an application, the retailer informed MTI on Wednesday. The new store format will be of 18 square meters, open 24 hours a […]
The climate resilience of Hungarian agriculture needs to be strengthened, and the government supports farmers in this, Minister of State for Agriculture and Rural Development of the Ministry of Agriculture (AM), according to Zsolt Feldman who spoke at the opening of the 43rd AGROmashExpo international agricultural and field machinery exhibition in the Hungarian capital on […]
There was strong investor interest in MBH Bank Plc's new international MREL-eligible bond 2025 on January 21, according to the financial institution. A total of more than EUR 1.6 billion was offered by investors, which is more than three times the minimum target set at the start of the offering, the bank told MTI on […]
The modern office stock in Budapest increased by 2,150 square meters in the fourth quarter of 2024, thanks to the handover of the Liget Center Vitrum office building, the Budapest Real Estate Consultants Forum (BRF) told MTI on Tuesday. The total modern office stock in Budapest currently amounts to 4,455,615 square meters, of which 3,604,010 […]
The Neumann Society, named after Hungarian-born American mathematician János Neumann, who became known for laying the foundations of the digital computer, paid tribute to 66 years of Hungarian computer science at a conference on Hungarian Computer Science Day in Budapest this Tuesday. The President of the János Neumann Computer Science Society (NJSZT) and Rector of […]
Nearly 60% of the world's CEOs expect global economic growth to accelerate in the next 12 months, and 42% expect a 5% increase in headcount, according to PwC's 28th Global CEO Survey, released this Monday at the World Economic Forum in Davos. Almost three-fifths (60%) of CEOs are optimistic about the global economic outlook in […]
According to preliminary data, the domestic used car market saw an all-time high of 909,000 cars changing hands in 2024. This figure exceeded the previous record by 10.2%: 825,000 domestic transfers in 2022, JóAutók.hu summarized in an analysis published on Monday. Prices also fell significantly in the supply market that developed last year, Das WeltAuto […]
2024 broke all previous records in the history of Budapest Airport, the operator of the Hungarian capital's Ferenc Liszt International Airport: 17.6 million passengers and nearly 300,000 tons of air cargo passed through the airport last year, foreshadowing robust passenger growth in the coming years and consolidating the airport’s role as a regional hub, the […]
