MBH Bank Plc. achieved outstanding financial results in 2024, with significant growth: its balance sheet total increased by 12.6% to HUF 12,504.7 billion, and its adjusted profit after tax remained stable at HUF 236 billion, Péter Krizsanovich, Deputy CEO of the bank responsible for strategy and finance, said at a press conference in Budapest on […]
In a move widely condemned by human rights organizations and EU officials, Hungary's parliament voted Tuesday to ban Pride events nationwide and authorize the use of facial recognition technology to identify and potentially fine participants. The controversial legislation, pushed through by Prime Minister Viktor Orbán's Fidesz party with 136 votes to 27, amends the country's […]
On Tuesday, Hungary's green energy production reached new highs: according to MAVIR, the electricity system operator, industrial plants generated an all-time high of 3,747 megawatts (MW) in the quarter-hour starting at 11 am. Including domestic and captive power plants, the total solar generation was 6178 megawatts, the Ministry of Energy (EM) said on its Facebook […]
The Hungarian capital’s Ferenc Liszt International Airport recorded a cargo volume of nearly 300,000 tons last year, which, as the airport operator company Budapest Airport reports, put it ahead of its regional competitor, Vienna Airport. After an outstanding year-end, the volume of cargo handled in 2025 continues to rise: the 29,063 tons handled in the […]
Rail Cargo Logistics - Hungaria and Slovenian Railways (SŽ-Tovorni promet d. o. o.) have signed a cooperation agreement in the field of single-carriage transport, on the basis of which the two companies will speed up the issuing of offers in bilateral relations, Rail Cargo Hungaria (RCH) Plc. told MTI on Wednesday. According to the release, […]
In its regional graduate program, the energy industry Mol Group will recruit 100 fresh graduates in eight countries this year, who will have the opportunity to start their professional careers at one of the most stable energy companies in Central and Eastern Europe, the company informed MTI on Wednesday. According to the statement, the Growww […]
Malta's Universal Air will launch two return flights a week on the Debrecen-Leipzig and Debrecen-Malta routes from March 30, creating a direct connection between the cities, the press service of Debrecen Airport informed MTI on Wednesday. In a statement, they said that the two routes will be operated by a 78-seat De Havilland Canada Dash […]
After last year’s annual traffic record and a record start in January, the significant increase in passenger numbers at Ferenc Liszt International Airport continued in February, the airport operator company Budapest Airport reports. According to the statement, the country’s tourist appeal, Hungarians’ appetite for travel and spending power being focused increasingly on new experiences proved […]
Consumer impression plays a key role in business success, but most companies do not have a comprehensive strategy for this; lack of data is the biggest obstacle to Hungarian companies' ability to offer personalized offers to their customers, EY found in a study of 50 Hungarian marketing and sales executives, which was published in a […]
In the fourth quarter of 2024, RÁBA Automotive Holding Plc., based in Győr, NW Hungary, took major steps to adjust to the challenges of the global automotive industry, the company announced this Tuesday. The report says the Rába Modernization Program continues to be in the focus of attention through numerous technological developments key to increasing […]
The Hungarian population is increasingly open to solutions that strengthen the circular economy, such as selective waste collection, and almost 40% of respondents are convinced that waste is a valuable source of energy, according to a recent Mol survey sent to MTI this Tuesday, on Global Recycling Day. They added that Mol regularly surveys public […]
Sátoraljaújhely-based Continental Tobacco Plc., an independent, Hungarian family-owned private company that combines several European tobacco companies, closed last year with a significant increase in turnover and staff numbers, the company told MTI on Tuesday. According to the statement, the tobacco company's headcount increased by 15% in one year, so that including the employees of the […]
Audi Hungaria Plc., based in Győr, NW Hungary, achieved sales revenue of EUR 8.611 billion (HUF 3,426.7 billion) in 2024, which is EUR 491 million (HUF 195.4 million) less than in 2023. The company told MTI that its operating profit last year was EUR 368 million (HUF 146.4 billion), while in 2023 it reached EUR […]
The oil and gas company MOL Plc. has notified the capital markets oon the website of the Budapest Stock Exchange on Tuesday that it had discovered a new oil field near Somogysámson in Western Hungary. During the exploration drilling carried out in December last year, oil was found at a depth of 1,250 meters. According […]
Investment incentives across the CEE region continue to attract R&D and BSS projects, with support reaching up to 70% of qualified costs, according to Colliers' latest interactive report: “How Government Incentives Shape Industrial & Office Real Estate in CEE”. Jan Kamoji-Czapinski, Director, Incentives Advisory, Europe Strategic Advisory at Colliers comments that “most of the countries […]
