Based on the responses in in the latest quarterly Bank Sentiment Survey by the National Bank of Hungary (MNB), the banking system perceived a slight deterioration in the economic environment in 2024 H2. According to the banks, the tightening of the regulatory environment, the increase in operating expenses, the decrease in the level of profitability […]
70% of Hungarian CEOs expect acceleration of the global economic growth; 60% of them made optimistic statements regarding the Hungarian economy but only 39% are confident about the growth of their companies. That is according to PwC’s 14th Hungarian CEO Survey in which the respondents predict a 1.8% GDP growth, a 415 HUF/EUR exchange rate […]
After the record year of 2024, passenger traffic at Ferenc Liszt International Airport continued to increase this January, with 1,293,556 passengers travelling from the capital airport in January, which is not only 17.5% higher than last year’s figure, but is also the highest first-month passenger traffic ever. The new record was driven by the popularity […]
Based on the opinions of 252 Hungarian CEOs, PwC Hungary has presented the 'Most Inspiring Leader of the Year Award'. Established in 2022, the award recognises a Hungarian CEO who is seen as a role model by other top executives in Hungary. This time, the award has been given to Gábor Orbán, CEO of the […]
Hungary will focus on showcasing industrial and logistics real estate developments that support a strong inflow of foreign working capital at the world's premier real estate development exhibition, MIPIM, in Cannes from March 11 to 14, with a focus on the economic attractiveness of the country's rural cities and the expansion of the industrial-logistics sector, […]
After a 10% drop in sales in 2023, reminiscent of the new coronavirus epidemic, the domestic sales of the five largest Hungarian beer producers increased by 2.8% to 5.55 million hectoliters in 2024, Sándor Kántor, director of the Association of Hungarian Beer Producers, told MTI. This brings the pace of expansion back to around 3% […]
Young adults' expectations of financial services differ from those of middle-aged and older adults in many areas. They favor mobile platforms that are available 24 hours a day, from anywhere, and base their major decisions on "finfluencers", often contemporary influencers who are knowledgeable about finance. Three quarters of Provident's Generation Z customers interact exclusively online […]
Astrid Oberhummer is a well-founded hotel expert and industry insider who has been working successfully in the luxury hotel industry for over 25 years. She is CEO and founder of the company Lobster Experience that has been born from a vision of a unique premium luxury travel network that would embrace providers, journalists, bloggers, tour […]
More than 300,000 solar power plants, including industrial ones, are already in operation in Hungary, and by spring the household solar systems alone will reach this milestone, the Ministry of Energy announced on Monday. According to preliminary data from the Hungarian Energy and Public Utility Regulatory Authority (MAVIR), the total installed capacity of domestic solar […]
Hungary’s 4iG Space and Defence Ltd. (4iG S&D) has signed a non-binding Memorandum of Understanding with Houston-based Axiom Space, Inc. to explore and develop joint space industry cooperation opportunities, including in the area of orbital data center (ODC) services, 4iG told MTI on Monday. According to the information, the parties will set up a joint […]
A record number of more than 2,400 samples competed at the 15th anniversary E Hungary, and Spirits Competition in Debrecen, the organizers told MTI on Sunday. A total of 2,402 samples were entered from 151 settlements in Hungary, Romania, Slovakia and Serbia. This is an absolute record in the history of domestic and international pálinka […]
In her new one-woman show, New York icon Candace Bushnell, the international best-selling novelist and creator of ‘Sex and the City’ takes the audience on whirlwind tour of New York City, from Studio 54 to the Lipstick Jungle and beyond, sharing her remarkable stories of fashion, literature and sex while pouring cosmos in Manolos. She […]
German industrial equipment manufacturer heavyweight Harro Höfliger is set to produce custom machines used in medical technology and the pharmaceutical industry at its new plant in Debrecen, E Hungary, built in an investment project of EUR 14 million, the Hungarian Investment Promotion Agency (HIPA) reports. Founded 50 years ago, Harro Höfliger acquired the Hungarian operations […]
German industry giant Bosch has completed a nearly 100,000-square-meter logistics and warehouse center in Miskolc, NE Hungary. The EUR 150 million investment will supply 26 countries with a wide range of Bosch products, the Hungarian Investment Promotion Agency (HIPA) reports. Located on the site of a former municipal airport, the significance of the investment extends […]
OTP Bank has opened a mobile branch in Polgár, Hajdú-Bihar County, offering the same services as traditional cashless branches, the bank told MTI on Thursday. The bank decided to launch a mobile branch in another settlement due to the positive experience so far, they said. Although more and more people are settling simple transactions via […]
