The climate resilience of Hungarian agriculture needs to be strengthened, and the government supports farmers in this, Minister of State for Agriculture and Rural Development of the Ministry of Agriculture (AM), according to Zsolt Feldman who spoke at the opening of the 43rd AGROmashExpo international agricultural and field machinery exhibition in the Hungarian capital on […]
There was strong investor interest in MBH Bank Plc's new international MREL-eligible bond 2025 on January 21, according to the financial institution. A total of more than EUR 1.6 billion was offered by investors, which is more than three times the minimum target set at the start of the offering, the bank told MTI on […]
The modern office stock in Budapest increased by 2,150 square meters in the fourth quarter of 2024, thanks to the handover of the Liget Center Vitrum office building, the Budapest Real Estate Consultants Forum (BRF) told MTI on Tuesday. The total modern office stock in Budapest currently amounts to 4,455,615 square meters, of which 3,604,010 […]
The Neumann Society, named after Hungarian-born American mathematician János Neumann, who became known for laying the foundations of the digital computer, paid tribute to 66 years of Hungarian computer science at a conference on Hungarian Computer Science Day in Budapest this Tuesday. The President of the János Neumann Computer Science Society (NJSZT) and Rector of […]
Nearly 60% of the world's CEOs expect global economic growth to accelerate in the next 12 months, and 42% expect a 5% increase in headcount, according to PwC's 28th Global CEO Survey, released this Monday at the World Economic Forum in Davos. Almost three-fifths (60%) of CEOs are optimistic about the global economic outlook in […]
According to preliminary data, the domestic used car market saw an all-time high of 909,000 cars changing hands in 2024. This figure exceeded the previous record by 10.2%: 825,000 domestic transfers in 2022, JóAutók.hu summarized in an analysis published on Monday. Prices also fell significantly in the supply market that developed last year, Das WeltAuto […]
2024 broke all previous records in the history of Budapest Airport, the operator of the Hungarian capital's Ferenc Liszt International Airport: 17.6 million passengers and nearly 300,000 tons of air cargo passed through the airport last year, foreshadowing robust passenger growth in the coming years and consolidating the airport’s role as a regional hub, the […]
The first aluminum double-decker car body produced at the Szolnok (E Hungary) facility of the Swiss manufacturer of railway rolling stock, Stadler, was unveiled at 15th anniversary of the facility this Friday. This milestone was achieved as part of an EUR 45.2 million investment launched in 2023, enabling the Szolnok plant to become the largest […]
Hungarian inflation surged in December, with rising fuel and food costs driving consumer prices beyond expectations. The increase presents challenges for monetary policy and has stoked concerns over perceived inflation, as sharp price hikes in key items weigh on household budgets. The Hungarian Central Statistical Office (HCSO) reported a 4.6% annual increase in consumer prices […]
BMW's sales will be boosted next year by a new product portfolio, and the Hungarian importer expects the innovative Neue Klasse model, which will be launched in the second half of the year and will be produced at the German carmaker's new plant in Debrecen, to play a major role in this. Zoltán Gombos, Managing […]
Never before has the volume of traffic in Hungary's airspace been as high as in 2024, with HungaroControl's experts handling more than 1.1 million aircraft in the year, almost 6% more than in the previous year, the Hungarian air traffic service provider told MTI on Thursday. According to the information, the year 2024 brought the […]
Ho Taek Lim, as an experienced manager with many years of experience, took over as Managing Director of the Hankook Tire factory in Rácalmás. He was appointed to the position from December 1, 2024, after the retirement of Hyung Yun Kim, the company has announced. “Having already worked here at the site in the past, […]
Although people are becoming more financially aware, stress caused by financial challenges is still present among those in worse than average financial situations, according to a survey by Provident Financial Ltd. With January typically a time when people are faced with the reality that holiday spending has depleted their resources, the company is highlighting that […]
The building construction general contractor Belotti Ltd. has built a factory hall and installed a new production line for the serial production of innovative products, mainly for the production of industrial floors in Szekszárd, south-central Hungary, the company told MTI. The HUF 320 million investment was implemented with 50% support from the Economic Development and […]
The year 2024 was balanced and successful for Hungary's investment promotion efforts, with partners arriving from 19 countries across three continents, record-breaking number of Hungarian projects, and a significant share of investments in the field of the highest added value activities, Government Commissioner and CEO of the Hungarian Investment Promotion Agency (HIPA), Mr. István Joó […]
