VistaJet is the world’s leading global private aviation company, flying Members and clients to over 96% of the world on the Vista Members’ fleet of over 270 silver and red aircraft, at a fixed hourly rate. Members benefit from access to a truly global service area covering the U.S., Europe, Asia, Africa and the Middle […]
The Tourism Summit international conference, the summit meeting of the tourism industry, will be held in Budapest on October 14-15, organizer Visit Hungary told MTI. According to their information, more than a thousand people have registered for the event, which will be hosted by the Bálna center in the Hungarian capital. The event, which will […]
Deloitte Private's Best Managed Companies business mentoring program was launched in Hungary in 2022 with the aim of providing professional support to privately owned companies in the country and recognizing outstanding performance. Based on this year's decision by an independent jury, 26 companies have been awarded the Best Managed Companies certification, the consulting firm told […]
German defense industry giant Rheinmetall is set to establish a new service center for development and engineering in the southwestern Hungarian city of Zalaegerszeg, the Hungarian Investment Promotion Agency (HIPA) reports. According to the statement released, the EUR 9.54 million investment – about 15% of which is covered by Hungarian taxpayers through a government grant […]
Hungarian haulier Waberer's International has inaugurated an almost HUF 1bn expansion of its vehicle service facilities at its base in Mosonmagyaróvár (NW Hungary) on Friday. As part of the investment, a repair shop, service building, tire repair shop and vehicle washer were built and expanded. Last year, nearly 2,700 trailers and 2,100 semi-trailers were serviced […]
First-half consolidated revenue, in 2025, of Vajda-Papír, Hungary's biggest maker of hygienic paper products, rose to HUF 38 billion from HUF 34 billion in the base period, the company told MTI on Friday. Pre-tax profit climbed to HUF 3.7 billion from HUF 3.2 billion. Vajda-Papír's stable, long-term competitive business model has enabled it to grow […]
Hungary has signed its longest-ever liquefied natural gas (LNG) supply agreement, striking a ten-year deal with French energy company ENGIE, even as Prime Minister Viktor Orbán refuses to heed U.S. calls to cut Russian energy imports. Foreign Minister Péter Szijjártó announced in Budapest that state-owned utility MVM CEEnergy will purchase 400 million cubic metres of […]
Electronics parts manufacturer Neutrik Hungary inaugurated a HUF 3.7bn investment in Ózd (NE Hungary) on Thursday, MTI reports. The investment by the local unit of Liechtenstein-based Neutrik, which makes audio and video connectors for the entertainment industry, was supported by a HUF 1.4 billion grant (close to 40% of the investment value) by Hungarian taxpayers […]
Hungary's Government Debt Management Agency (AKK) sold HUF 140.0 billion of bonds at auction on Thursday, HUF 95.0 billion more than planned, MTI reported this Thursday. AKK sold HUF 20.0 billion of three-year bonds, doubling its original offer after primary dealers bid for HUF 49.4 billion of the securities. Average yield was 6.41%, 3bp under […]
Family-owned agribusiness Door-Baromfi opened a HUF 2bn poultry farm in Somberek (SW Hungary) on Thursday. Half of the investment cost was covered by Hungarian taxpayers through a government grant. Door-Baromfi owner János Door said the company took out an HUF 800 million loan and used HUF 200 million of its own resources for the investment. […]
New passenger car registrations in Hungary rose 7.7% year-on-year to 95,946 in Q1-Q3 of this year, the Hungarian Association of Vehicle Importers (MGE) said on Thursday. Excluding re-exports, the number of registrations rose 5.8% to 82,226. The number of electric vehicles sold during the period climbed 23% to 8,028, boosted by a subsidies scheme. The […]
Share turnover on the Budapest Stock Exchange (BSE) came to HUF 330.9 billion in September, MTI quoted a BSE statement on Wednesday. Daily turnover averaged HUF 15.0 billion. Wood and Company brokered the highest volume of trades during the month, with double-counted turnover of HUF 189.2 billion. Concorde was runner-up with turnover of HUF 184.8 […]
Hungary's Garantiqa Hitelgarancia was the most active guarantor in Europe last year, an annual report by the European Association of Guarantee Institutions (AECM) shows. In a press release on Wednesday, Garantiqa said that it had headed the AECM ranking for the third year in a row. The report shows outstanding guarantee volume of Garantiqa reached […]
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 51.5 points in September, climbing from 49.1 in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Wednesday. The PMI rose back over the 50-point threshold, signalling an expansion in the manufacturing sector. Among the PMI sub-indices, the new orders index […]
Hungary's government sector had a HUF 480 billion surplus in the second quarter, equivalent to 2.2% of GDP, data released by the country's Central Statistical Office (KSH) on Wednesday show. The deficit of central government amounted to HUF 535 billion, while local governments and social security funds had HUF 137 and 88 billion surpluses. In […]
