The retail chain Spar Hungary achieved gross sales of almost HUF 1,112 billion in 2024, which is 4.8% higher than the previous year, while the volume of products sold increased by about 2% year-on-year, the company's CEO, Gabriella Heiszler said at the annual press conference in Budapest on Thursday. She stated that Spar Hungary also […]
A second production unit and a new logistics center of Sensirion Hungary Ltd. were inaugurated this Wednesday in Debrecen, E Hungary. The development was realized with a HUF 4.5 billion investment of WX Sharing Ltd., jointly owned by SZINORG Group and XANGA Group, in a build-to-suit construction. According to a statement by the company, the […]
Ferenc Liszt International Airport has been awarded the best airport in Eastern Europe by aviation research organization Skytrax for the twelfth consecutive year, the airport's operator, Budapest Airport has announced on its website. The recognition, which is based on feedback from passengers, was received by Budapest Airport, part of the VINCI Airports network, at the […]
At the national level, the real estate network Otthon Centrum (OC) has measured a 50% price increase in the Hungarian building plot market in one year. According to the summary sent to MTI on Wednesday, the average price of building plots increased to HUF 21,500 per square meter last year. In absolute terms, building plots […]
This spring, Spago Budapest by Wolfgang Puck invites you to celebrate Easter in style with unforgettable culinary experiences in a truly special setting. Blending refined gastronomy with the spirit of the season, the restaurant offers the perfect backdrop for every festive occasion — be it an exclusive Easter Sunday brunch, a cozy family lunch, or […]
At its April 8 meeting, the Monetary Council of the Hungarian National Bank (MNB) reviewed the latest international trade policy actions and their potential consequences. The Monetary Council concluded that uncertainty in the global economy and financial markets has increased substantially in recent days. Investor risk aversion is widespread, and both recessionary and inflationary risks […]
One of the main reasons why I wished to be appointed for a second term as Ambassador of Switzerland to Hungary and why I enjoy my second term so much is certainly the fact that as a Swiss Ambassador to Hungary – and as ambassador of any country in Hungary, I am quite sure – […]
CONSTRUMA – Hungary's largest and internationally recognized construction fair – has opened in the Hungarian capital. Held for the 43rd time this year, it brings together the best in the industry to learn about the latest technologies and find answers to the challenges of the future, according to the event's website. The themes cover the […]
Earlier this year, the Canadian Chamber of Commerce in Hungary (CCCH) held a business breakfast focusing on the uncertainties surrounding the economic policies of the new Trump administration. CCCH President Nicholas Sarvari has summarized for Diplomacy&Trade how much coherence, if any, can be seen in this economic policy so far; how it may affect trade […]
Today, a 15,300- square-meter high-tech production hall jointly developed by Panattoni Hungary and OTP Real Estate Investment Fund has been inaugurated in Debrecen. The plant, which was developed for ZF Chassis Modules in a build-to-suit construction, will supply chassis to BMW's Debrecen plant and is the second development of its kind in Hungary, following the […]
In 2024, solar panels accounted for a quarter of Hungary's electricity generation, the highest share not only in Europe but in the world. The year before last, we ranked third in this comparison, behind Chile and Greece. According to a recent report by the independent international think tank Ember, Hungary's share of solar PV rose […]
In March 2025, consumer prices rose by 4.7% in annual terms. Compared to February, the annual price increase rate decelerated by 0.9 percentage points. Core inflation fell by percentage points and stood at 5.7%. Core inflation excluding indirect tax effects fell to 5.4%, the National Bank of Hungary (MNB) says on its website. On a […]
The real estate developer and real estate investment company WING increased its revenue and EBITDA (earnings before interest, tax, depreciation and amortization) in 2024, according to an investor presentation published on the Budapest Stock Exchange (BSE) website on Monday. The company increased its group-wide revenue from HUF 172.3 billion to almost HUF 198 billion last […]
Buyer interest in prefabricated apartments has halved, after the average price per square meter of these properties rose by 30% in the first quarter compared to the previous three months, and now exceeds HUF 1 million, real estate broker Duna House told MTI on Monday. They pointed out – based on their own data – […]
The Hollókő Easter Festival awaits visitors with folklore programs, Palóc (a local ethnic group) gastronomy, revival of folk traditions and the inevitable sprinkling of water at the four-day event, which this year will include concerts, family and children's programmes in the World Heritage village of Nógrád County, the organiser informed MTI on Monday. According to […]
