At its meeting on January 28, 2025, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided not to change the central bank interest rates with effect from January 29, 2025, MNB said in a statement. According to the communiqué, the primary objective of the National […]
Rail Cargo Hungaria (RCH) has achieved outstanding energy efficiency: last year, the company's locomotives consumed more than 90 million kilowatt hours (kWh) of electricity on the rail network of MÁV Hungarian Railways , with more than 11% of the energy used being fed back into the network by using braking energy, thus saving enough electricity […]
January 28 is International Data Privacy Day, and Provident Financial Ltd. wishes to raise awareness among older people of the importance of online consciousness, the lack of which can have financial consequences. Over the past 10-15 years, the digital revolution has fundamentally changed the lives of the older generation. They don't have to wait hours […]
The Hungarian team won the special prize for the platter theme at this year's Bocuse d'Or in Lyon, France this Monday. In the overall competition, Hungary finished 13th, the news site telex.hu reported. The winner of the world gastronomy competition this year was France, followed by Denmark and Sweden. The Hungarian team was led by […]
Budapest Airport, the operator of the Hungarian capital’s Ferenc Liszt International Airport and part of the VINCI Airports network, has achieved an important milestone in sustainability. Budapest Airport’s subsidiary, Airport Fuel Supply Ltd., has successfully passed the audit criteria for the introduction of sustainable aviation fuel (SAF) at Ferenc Liszt International Airport. Certification is a […]
Magyar Telekom, the leading Hungarian telecommunications service provider, has announced on the website of the Budapest Stock Exchange that it has entered into an agreement to sell ViDaNet Plc., a company providing fixed services, to URSUS Investment and Asset Management Plc.. In a multi-step process, Magyar Telekom is divesting its shareholding in ViDaNet Plc., while […]
MVM Mobiliti's 300 kilowatt (kW) ultra-fast chargers are now available at ten locations, including Székesfehérvár, Dunakeszi, Szolnok and Kecskemét, MVM Mobiliti Ltd., the operator of the country's largest e-charger network, told MTI on Friday. According to the statement, MVM Mobiliti's first project, supported by the European Union's CINEA (European Climate, Environment and Infrastructure Executive Agency), […]
Another milestone has been reached for the 130-year-old New York Café, which is considered to be the most beautiful café in the world. The iconic establishment on Erzsébet körút in Budapest will open nightly from March 1st, after a test run, and will offer a nightly menu: from Thursday to Sunday, from midnight, giving more […]
Rossmann, the renowned drugstore chain, has commenced the installation of advanced system technologies in its new logistics hub in Üllő, just south of Budapest. The facility was handed over under early access terms by the developer, Panattoni Hungary, and owner OTP Real Estate Investment Fund. This HUF 20 billion project, one of the largest build-to-suit […]
A recent report by the McKinsey Global Institute (MGI) highlights a pressing concern: declining fertility rates and aging populations are poised to significantly impede economic growth, particularly in countries like Hungary and various emerging economies. Countries will need to raise fertility rates to avert depopulation—a societal shift without precedent in modern history. Hungary has been […]
In the first month of this year, the slightly negative trend continued: according to the survey conducted by the GKI Economic Research Institute with the support of the EU, the outlook for both the business sector and consumers deteriorated compared to December, although in both cases only within the statistical margin of error. Even so, […]
The airline Wizz Air broke its own passenger traffic record again in 2024, carrying 63 million passengers on almost 300,000 flights, a 23% increase compared to 2023, the airline told MTI on Thursday. In 2024, 6.4 million passengers travelled from Hungary with Wizz Air, a 23% increase compared to 2023. Last year, Wizz Air launched […]
The meat processing company Hungerit Plc. is investing EUR 97.6 million in a modern greenfield chicken slaughtering and processing facility in Szentes, SE Hungary, the Hungarian Investment Promotion Agency (HIPA) report. Spanning 23,000 square meters, the facility will significantly expand the company’s broiler operations in Szentes, allowing it to double its annual processing capacity from […]
A direct flight is to be launched between Budapest and Kuwait City, courtesy of Jazeera Airways. The memorandum of understanding on this was signed in January between the airline and the operator of the Hungarian capital's Ferenc Liszt International Airport, Budapest Airport, the latter one has announced in a statement. The flights will operate from […]
Auchan Hungary is opening a new, innovative retail unit in the capital, the essence of which is that customers can enter the store, shop and pay at any time with the help of an application, the retailer informed MTI on Wednesday. The new store format will be of 18 square meters, open 24 hours a […]
