The AutoWallis Group sold close to 8% more vehicles in 2024 compared to 2023, marking yet another strong year, the company announced on the website of the Budapest Stock Exchange. The number of vehicles sold by the group increased by 7.7% to reach 48,386. The Retail Business Unit saw the greatest increases, growing new vehicle […]
As the last element of the Mátranovák 2030 development program, a logistics hall worth HUF 600 million will be built in Mátranovák, NE Hungary with the total development program worth HUF 6 billion. Alstom's Mátranovák site will provide one third of the Group's railway bogie manufacturing capacity, the rolling stock manufacturer company told MTI on […]
Gedeon Richter has announced positive topline results from Phase I and Phase III clinical studies for its proposed biosimilar to RoActemra® tocilizumab that has the development code 'RGB-19'. The Hungarian pharmaceutical firm points out in a statement on the webiste of the Budapest Stock Exchange that Phase I clinical study evaluated the equivalence of pharmacokinetics […]
Ford has maintained its 15-year leading position in the Hungarian commercial vehicle market: in 2024, it sold 9,253 new vehicles, reaching a 27% market share, the company informed MTI in a statement. The brand is strong across the entire market and all segments, with dealerships in Hungary selling 14,128 new Fords in 2024, resulting in […]
The volume of industrial production lagged behind by 4.2% in November 2024, production, based on working-day adjusted data lessened by 2.9%, year-on-year, the Central Statistical Office reports. Production has been attenuated in the great majority of the manufacturing subsections, most of all in the manufacture of transport equipment. According to seasonally and working-day adjusted data, […]
Residential and public buildings were evaluated on the basis of sustainability criteria in the first Sustainable Building Envelope competition, the organizers told MTI on Monday. The best residential building was the Emilia House in Diósd, designed by Bálint Bakos, Péter Kosik and Máté Molnár, and built by the Equinox International architecture firm. Among the new […]
Egis Pharmaceuticals Plc. has acquired one of Teva Pharmaceuticals Plc.'s well-known product family for skin application, following the approval of the competition authority, the pharmaceutical manufacturer informed MTI on Monday. According to the statement, the takeover of the distribution and promotion of the product line began on December 17, 2024, and the parties sought to […]
Last year was a new record year for domestic tourism, never before have so many people travelled to Hungary from abroad, never before have so many domestic guests stayed within the country's borders and never before has so much revenue been generated by hotels, Zoltán Guller, President of the Hungarian Tourism Agency (MTÜ), said at […]
A HUF 50 billion investment by the Chinese automotive company Xinzhi in Hatvan, east of Budapest, will create almost 900 new jobs, according to the Hungarian Ministry of Foreign Affairs and Trade. In a statement sent to MTI said on Monday, Minister Péter Szijjártó announced that Xinzhi, a market leader in the production of one […]
New research from 'Compare the Market' reveals the world’s best airports for parking based on the auto theft rate and average pricing. Regarding national car theft rate, the best position on the list is occupied by the Hungarian capital's Ferenc Liszt International Airport. Budapest's Ferenc Liszt International Airport in Hungary takes the top spot overall, […]
Last year had the largest number of trains in Hungary running with on-board restaurants and bistro cars, and the passenger catering service was used by almost one million passengers, Hungarian State Railways MÁV said in a statement on Sunday. More than a hundred coaches with dining or premium and bistro compartments run daily on international […]
The Kiskunság National Park, situated between the Danube and Tisza rivers, was established on January 1, 1975 as Hungary's second national park, the Ministry of Agriculture told MTI on Saturday. The park has become a symbol of the protection of natural values, the development of ecotourism and environmental education over the past half century, preserving […]
Mercedes-Benz sales declined last year, mainly due to the sale of around a quarter fewer all-electric cars. The Mercedes-Benz Group sold 625,800 cars and commercial vehicles in the fourth quarter of 2024, 2% fewer than a year earlier. And the group's annual sales fell 4% to 2.389 million. Passenger car sales in the fourth quarter […]
In a rare move against a NATO ally, the United States has imposed sanctions on Antal Rogán, the chief of staff to Hungarian Prime Minister Viktor Orbán, citing allegations of corruption. The US Department of State announced the decision on Tuesday, marking Rogán as the highest-ranking Hunga The US Treasury Department accused Rogán of orchestrating […]
The Hungarian energy company Alteo has published its business strategy for the period 2025-2030, the implementation of which would provide the energy service and trading company with significant growth both geographically and financially, the company told MTI on Thursday. The company's results over the past three years have significantly exceeded the targets set in its […]
