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 […]
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 […]
