The real estate group Duna House had a strong finish in 2024: key volumes exploded to all-time highs in the last quarter sustaining significant y-o-y growth (financial intermediation volume increased by 17% and network commission revenue by 24%), while growing also on quarterly basis (+14% and +16%, respectively), the Group has announced on the website […]
More than a billion plastic bottles, cans and glass bottles have been returned in Hungary in the past six months, with the number of daily returns exceeding 10 million on several days between Christmas and New Year, beating the previous record of 8 million in August, MOHU, the company responsible for the recycling of such […]
The European Commission announced on Wednesday that 35,762 young Europeans, including 787 Hungarians, will receive free European train tickets this spring under the European Union's DiscoverEU program. According to the Brussels-based information, the winners of the latest DiscoverEU program, part of the EU's Erasmus+ program, will be able to travel across Europe from March 1, […]
The Al Habtoor Group has announced the official launch of Al Habtoor Palace, Budapest, located within the historic Adria Palace in the heart of the Hungarian capital. This iconic building, originally constructed in the early 20th century, has been a landmark of architectural elegance and cultural significance. It has been reimagined into Al Habtoor Palace […]
Two-thirds of those planning to buy a car in Hungary would prefer to buy a used car, with the average car being older than 6 years, according to a representative survey conducted by Das WeltAuto online, which was reported to MTI. The survey involved individuals aged 18 and over who are planning to buy a […]
The National Bank of Hungary (MNB) is focusing its retail campaign on financial health to help households create a more stable financial situation for themselves, the bank told MTI on Wednesday. Financial health does not depend solely on the financial situation, planning, developing money management habits and exploiting savings opportunities can all help, the ministry […]
As of January 1, 2025, Balázs Károly occupies the position of Commercial and Customer Service Director of Provident Financial Ltd., the company has announced. According to the statement, he comes to the role with outstanding professional experience and in-depth market knowledge. He has worked for more than a decade at Provident's Hungarian, Bulgarian and Romanian […]
Toyota sold 18,122 new cars in Hungary in 2024, a historic record performance that gave the Japanese brand a 12.4% share of the total Hungarian market for new passenger cars and light commercial vehicles, Toyota Central Europe Ltd. informed MTI on Tuesday. The brand reported sales of 17,371 vehicles in the market cleared of withdrawals, […]
Between December 27 and January 5, the number of inquiries for residential properties for sale increased by 8% year-on-year, and by 28% compared to two years ago, which foreshadows a strong year in the housing market, according to ingatlan.com's own advertising data, reported MTI on Tuesday. The statement quoted László Balogh, chief economic expert of […]
Industrial producer prices were 7.9% higher on average in November 2024 than one year earlier. Domestic output prices were 3.2% and non-domestic output prices 10.2% higher than in November 2023. The price rise was primarily caused by the weakening of the Hungarian currency, the forint against the euro and the world market price of energy […]
The end of last year saw a strong rally in the spread of green motoring, with the number of pure electric vehicles in Hungary rising to over 70,000 last year, according to a post on the Ministry of Energy's (EM) said on its social media page on Monday. According to the ministry's statement, last December […]
The European Institute of Innovation and Technology (EIT) has opened an innovation office in Hungary, the institute told MTI on Monday. Covering all innovation areas of the EIT, the office will connect local innovators and other stakeholders to Europe's largest innovation ecosystem and enable Hungarian talent and entrepreneurs to access the EIT Community's education, business […]
L'Oréal has appointed a new managing director for the Czech, Hungarian and Slovakian markets. Monika Masewicz took up the post from January 1, 2025, the company told MTI on Monday. The new managing director joined the company in 2015, and in recent years she was the director responsible for L'Oréal's skin care business in Poland […]
In November 2024, 1.2 million guests spent 2.8 million tourism nights at tourist (commercial, private and other) accommodation establishments. The number of arrivals surpassed the previous year by 17% and that of tourism nights by 9.7%. The number of nights spent by domestic guests exceeded November 2023 by 3.8% and those spent by international guests […]
The market for passenger cars in Hungary showed a significant growth in 2024, with 121,607 such vehicles registered in the country in 2024, 13% more than in the previous year, the Hungarian Association of Motor Vehicle Importers (MGE) has told MTI. They noted that there has been an extraordinary growth in the electric car sector, […]
