Toyota sold 18,122 new cars in Hungary in 2024, a historic record performance that gave the Japanese brand a 12.4% share of the total Hungarian market for new passenger cars and light commercial vehicles, Toyota Central Europe Ltd. informed MTI on Tuesday. The brand reported sales of 17,371 vehicles in the market cleared of withdrawals, […]
Between December 27 and January 5, the number of inquiries for residential properties for sale increased by 8% year-on-year, and by 28% compared to two years ago, which foreshadows a strong year in the housing market, according to ingatlan.com's own advertising data, reported MTI on Tuesday. The statement quoted László Balogh, chief economic expert of […]
Industrial producer prices were 7.9% higher on average in November 2024 than one year earlier. Domestic output prices were 3.2% and non-domestic output prices 10.2% higher than in November 2023. The price rise was primarily caused by the weakening of the Hungarian currency, the forint against the euro and the world market price of energy […]
The end of last year saw a strong rally in the spread of green motoring, with the number of pure electric vehicles in Hungary rising to over 70,000 last year, according to a post on the Ministry of Energy's (EM) said on its social media page on Monday. According to the ministry's statement, last December […]
The European Institute of Innovation and Technology (EIT) has opened an innovation office in Hungary, the institute told MTI on Monday. Covering all innovation areas of the EIT, the office will connect local innovators and other stakeholders to Europe's largest innovation ecosystem and enable Hungarian talent and entrepreneurs to access the EIT Community's education, business […]
L'Oréal has appointed a new managing director for the Czech, Hungarian and Slovakian markets. Monika Masewicz took up the post from January 1, 2025, the company told MTI on Monday. The new managing director joined the company in 2015, and in recent years she was the director responsible for L'Oréal's skin care business in Poland […]
In November 2024, 1.2 million guests spent 2.8 million tourism nights at tourist (commercial, private and other) accommodation establishments. The number of arrivals surpassed the previous year by 17% and that of tourism nights by 9.7%. The number of nights spent by domestic guests exceeded November 2023 by 3.8% and those spent by international guests […]
The market for passenger cars in Hungary showed a significant growth in 2024, with 121,607 such vehicles registered in the country in 2024, 13% more than in the previous year, the Hungarian Association of Motor Vehicle Importers (MGE) has told MTI. They noted that there has been an extraordinary growth in the electric car sector, […]
The value of export lessened by 3.5%, while that of import surpassed by 2.3% in EUR terms the same period of the previous year’s values in November 2024. The balance of the external trade in goods deteriorated by EUR 716 million, the Central Statistical Office reports. Compared to the previous month, the level of trade […]
Hungary has permanently lost EUR 1 billion (USD 1.03 billion) in European Union funds due to its failure to address corruption, marking an unprecedented move by EU authorities in Brussels. This decision represents the first enforcement of such measures in the bloc’s history. The European Commission announced Wednesday that Hungary had forfeited EUR 1 billion […]
The deficit of the general government sector in the third quarter of 2024 was HUF 621 billion, or 3.0% of GDP. The balance is HUF 133 billion, or 0.9 percentage point more favourable than a year earlier, the Central Statistical Office (KSH) reported this Friday. In the 3rd quarter of 2024 compared to the same […]
From January, Vodafone Hungary continues to operate under the name One Hungary Plc., the Vodafone HU mobile network is renamed One, and the Vodafone and Digi business networks are merged, the company 4iG told MTI on Thursday. In addition to the One brand, which previously covered Vodafone and Digi's residential and small business services, the […]
Five-time Olympic champion gymnast Ágnes Keleti, the Sportswoman of the Nation, Hungary's female athlete with the most Olympic medals, the world's oldest living five-time Olympic gold medalist and the oldest ever five-time Olympic gold medalist, passed away at the age of 103 years on Thursday morning. Ágnes Keleti – who would have celebrated her 104th […]
The year 2024 brought a recovery in the market for residential property for sale, partly due to lower lending rates and the additional subsidy for housing loans; according to last year's data and the current outlook, the housing market can expect to continue from momentum in 2025, according to ingatlan.com's own advertising data, MTI reported […]
Since February, domestic companies can apply for a subsidy of HUF 2.8-4 million per vehicle for the purchase of a pure electric car, van or minibus. More than two thirds of the EUR 30 billion budget was put out to tender last year, over half of it has been contracted and almost a fifth has […]
