Budapest-based real estate investment and asset management company Indotek Group announced today that it has purchased a EUR 43.5 million portfolio of 524 residential and commercial properties in Spain. The deal was structured as a transaction involving both non-performing loans (NPLs) and real estate. The acquisition is a strategic milestone in Indotek's expansion in Iberia […]
Sweet yet bitter, a deep red classic cocktail topped with an orange slice – the Negroni. It is one of the most popular drinks worldwide. The International Negroni Week will once again be celebrated and Spago Budapest is joining the initiative in the second half of September. For one week, guests can enjoy a special […]
The Chinese car brand BYD's share of the Hungarian electric vehicle market is approaching 14% this year, BYD Hungary told MTI. The brand, which launched in Hungary in 2023, sold 1,180 passenger cars and light commercial vehicles in the first eight months of this year. The brand, which entered the Hungarian market in 2023, sold […]
The industrial property developer HelloParks, member of Futureal Group, is celebrating the fifth anniversary of its founding and will complete the development of more than 500,000 sqm of warehouse space in the Budapest metropolitan area this year. The founders recognised the opportunity in the growing demand for modern and green industrial facilities during the pandemic […]
The new leadership of the National Bank of Hungary (MNB) aims to cooperate with economic and financial market actors to promote sustainable economic development. That is according to MNB Governor Mihály Varga, speaking after the conclusion of a cooperation agreement with Dr László Nagy, President of the Supervisory Authority for Regulatory Affairs of Hungary (SARA). […]
This fall marks a special milestone for one of the most prominent players in Hungarian gastronomy: Nobu Budapest celebrates its 15th anniversary. On October 3 and 4, the Michelin-recommended restaurant will celebrate its birthday with two exclusive ‘World of Nobu’ Omakase dinners and a limited-capacity Sushi Masterclass, hosted by world-renowned chefs Go Namerikawa and Hervé […]
For the first time in Hungary, an award will be given exclusively to rural micro, small, and medium-sized enterprises. Organized by the Modern & Stylish Rural Business Community (MSVK), the Rural Entrepreneurs' Night powered by Volkswagen will be held on November 11 this year at the Eiffel Workshop in Budapest, where the Rural Entrepreneurs of […]
U.S.-based Support Services Group (SSG) expands its presence in Hungary with a new operation that further strengthens the country’s well developed Business Services Center (BSC) sector, according to the Hungarian Investment Promotion Agency. The multilingual customer support office is being set up in Szekszárd, nestled in southern Hungary. Implemented with the support of HIPA, the […]
As of October 1, Gyula Marik will serve as chairman of the board of directors at Shell Hungary Plc. in addition to his existing position as regional procurement manager, the company announced to MTI on Monday. Gyula Marik began his career in finance at Shell in 2001 after graduating from the University of Szeged. Over […]
With an investment of nearly EUR 5.5 million, the Hungarian-owned Aero Space Power is establishing a new production hall in Kisvárda, NE Hungary. The company, engaged in metalworking, turbine and component production, and aerospace structure repair, is also expanding its portfolio with new activities at the site, the Hungarian Investment Promotion Agency reports. Aero Space […]
The MVM Group achieved consolidated sales revenue of HUF 2,015 billion in the first six months of this year, following HUF 2,156 billion in the first half of last year, and its after-tax profit was HUF 221.8 billion, compared to HUF 222.0 billion in the same period last year, the company announced on the Budapest […]
Turnover on the stock market was HUF 81.41 billion this week, following HUF 52.76 billion last week, with leading shares weakening. The BUX moved mixed during the week: it fell on Monday, Tuesday, and Wednesday, rose on Thursday in line with European stock markets amid positive investor sentiment, but ultimately fell again on Friday due […]
In the first half of 2025, Appeninn Group and its controlled subsidiaries retained a real estate portfolio focused on office and retail segments, that generated rental income of EUR 10.797 million and gross margin of EUR 7.170 million, and represented a gross margin ratio of 66.4%, increased from 62.2% last year, the Group has announced […]
Hungarian Prime Minister Viktor Orbán condemned the violation of Polish airspace allegedly by Russian drones, calling the incident “unacceptable” and expressing full solidarity with Warsaw. “Hungary stands in full solidarity with Poland with regard to the drone incident that took place last night,” Orbán wrote on his Facebook page Wednesday morning, adding that the event […]
Danish pump manufacturer giant Grundfos successfully complemented its latest research and development (R&D) project in Hungary, aimed at improving the efficiency of entire product families, the Hungarian Investment Promotion Agency (HIPA) reports. Implemented with the support of HIPA, the EUR 3.47 million investment created 40 new high value-added jobs at the company’s product development center […]
