Almost half of people do not feel confident enough when it comes to making financial decisions, according to the 2024 Hungarian survey by Provident Financial Services Ltd. No one is born knowing how to manage money. However, psychologists and financial experts agree that laying the foundations of money management awareness from an early age will […]
PANNON Green Power TSL1. Ltd. has installed grid energy storage facilities in Törökszentmiklós, located just south of Budapest) with the help of HUF 668.25 million European Union funding, the company said in a statement to MTI on Monday. The investment in battery energy storage is an innovative solution for the Hungarian energy grid and energy […]
The number of domestic accommodation guests increased by 8% over the Women's Day weekend compared to last year, the tourism site Visit Hungary told MTI on Thursday. Between March 7 and 9, almost 256,000 guest nights were booked by travelers in Hungary, they said. They recalled that last year, nearly 18 million guests spent more […]
Despite the high and gradually rising prices, the share of new apartments and houses among real estate transactions nationwide rose to 7% in the first two months of the year, up from 5% in the same period of 2024, the real estate brokerage group Duna House said on Friday, based on its own data. According […]
Construction output volume, based on raw data, lagged behind the previous year’s level by 9.6% in January 2025, the Central Statistical Office (KSH) reports. Out of the main groups of construction,the construction of buildings lessened by 8.9%, that of civil engineering by 10.8%. Based on seasonally and working day adjusted indices construction output was above […]
Hungary’s government has announced new price controls on essential food items as inflation continues to strain consumers. Economists warn that previous interventions of this kind have led to mixed results. Prime Minister Viktor Orbán announced this week that commercial grocers must limit their markup to no more than 10% of the wholesale price on 30 […]
The Embassy of Switzerland in Budapest, in cooperation with the Budapest City Administration, Swisscham Hungary, Budapest Global Association and other partners, has announced the launch of the "Switzerland in Budapest 2025" program. This project aims to highlight the deep historical, cultural, and economic ties between Switzerland and Hungary by showcasing the many Swiss traces that […]
Mercedes' new factory in Kecskemét will also start serial production early next year, doubling the company's production capacity in Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó announced in Stuttgart on Tuesday. The minister said that Mercedes decided to build a factory in Hungary about a decade and a half ago, and now a […]
More pure electric cars than ever before were put into service in February: last month, 2,124 pure electric vehicles received green license plates in Hungary, breaking the all-time record for monthly registrations, which was held until now by March 2024 with 2,108 units, the Ministry of Energy said on Tuesday. According to the information, the […]
Last year, the WING Group, that is, WING Hungary, Bauwert AG and ECHO Investment together, successfully closed property sales worth almost EUR 300 million, one of Central Europe's leading property development and investment groups told MTI on Tuesday. The group sold three office buildings in three countries worth more than EUR 200 million and a […]
Consumer prices were 5.6% higher on average in February 2025 than a year earlier. Over one month, consumer prices rose by 0.8% on average, within which food became 1.2% more expensive, the Central Statistical Office (KSH) reports. In 12 months, compared to February 2024:A price increase of 7.1% was recorded for food, within which 44.3% […]
The volume of industrial production lagged behind the one year earlier level in January 2025 by 3.9%. The working day adjusted index is equal to the non-adjusted one, the Central Statistical Office (KSH) reported this Tuesday. Out of the manufacturing subsections production increased in five, and lessened in eight, at the highest rate in the […]
The "Hello Beijing" cultural and tourism promotion event organized on March 7 by the Beijing Municipal Bureau of Culture and Tourism was a great success in Budapest, according to a statement about the event, which attracted nearly 100 participants, including many tourism professionals, journalists and travel bloggers. The event provided a detailed presentation of Beijing's […]
Ferenc Liszt International Airport, the main airport of the Hungarian capital, has been named the best airport in Europe in the category of airports with 15-25 million passengers a year for the second time in two years. The recognition, given by Airports Council International, is one of the most prestigious awards in the airport industry, […]
The new leadership of the National Bank of Hungary (MNB) is committed to reducing inflation, and its primary goal is to achieve and maintain price stability, the new governor of the central bank, Mihály Varga said at the opening conference of the Hungarian Chamber of Commerce and Industry in Budapest. According to statement by MNB, […]
