The number of days it took homes in Hungary to sell after they were listed averaged 95 days in January-April, up from 84 days in the same period a year earlier, real estate broker Duna House said on Tuesday. This turn is also indicated by longer sales cycles and a shift in market conditions that […]
Global stars Rick Astley, Matt Bianco, Earth, Wind and Fire Experience, Gregory Porter and Ella Eyre will be among the headliners at the 14th Paloznak Jazz Picnic in W Hungary between August 6 and 8 this year, the organizers said in a statement. "The great value of festivals is their incredible power to build community. […]
Budapest-based carrier Wizz Air will keep its fares low and plans no fuel surcharge or flight cuts due to higher kerosene prices, Chief Commercial Officer Ian Malin said at a press conference in the capital on Tuesday. Fielding questions, he said that around 70% of Wizz Air's summer fuel needs were covered by favourable options, […]
The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 6.25% after reviewing the latest economic and financial developments. The O/N deposit rate and the O/N lending rate also remained unchanged, at 5.25% and 7.25%, respectively. The central bank will continue to ensure positive real interest rates in order […]
The Budapest Stock Exchange (BSE) generated total revenue of HUF 4.338 billion last year, 16% more than a year earlier; EBITDA rose by 22% to HUF 1.680 billion, while net profit, including the contribution from the KELER Group, increased by 65% to HUF 9.635 billion. The company will pay a dividend of HUF 60 per […]
Magyar Telekom has won tenders in a program to undertake gigabit network investments in 16 counties with around HUF 20.3 billion in European Union funding, the company said on Monday. Using these non-repayable EU funds, a fiber-optic cable system providing state-of-the-art internet and TV services will reach an additional 118,000 locations. The planning and permitting […]
Katalin Karikó, the first Hungarian woman to win a Nobel Prize, will be awarded an honorary doctorate in Oxford in June and at two American universities in May, the Public Relations Office of the University of Szeged (SZTE) informed MTI on Monday. According to the announcement, Katalin Karikó, a professor at SZTE, will be among […]
The European Commission has approved EUR 71.6 million (HUF 28 billion) in aid from the state of Hungary for the expansion of South Korean tire maker Hankook Tire & Technology Co. Ltd.'s plant in Rácalmás (C Hungary), the European Union's executive body said. The EC statement highlights that this measure will support Hankook in setting […]
Expectations among companies operating in Hungary’s tourism sector exceeded the national economic average in April. According to the performance expectations index, they are in a more favorable position than any other sector — according to the latest survey conducted by the National Association of Tourism and Hospitality Employers (VIMOSZ) in collaboration with GKI Economic Research, […]
Nobel Prize-winning research biologist Katalin Karikó attended the opening of an open-air exhibition entitled 'The Martians', featuring outstanding figures in Hungarian science, in downtown Washington on Sunday. The Hungarian-made installation on display in front of the Kossuth House, the Hungarian Cultural Center is also partly linked to the 250th anniversary of the independence of the […]
Amid declining trading volume, the Budapest Stock Exchange (BSE) stock index, the BUX, closed at 133,872.25 points on Friday, down 3.56%, or 4,945.78 points, from the previous week’s closing value. Weekly trading volume on the stock market totaled HUF 142.41 billion, down from HUF 336.22 billion the previous week, with leading stocks posting mixed results. […]
Appeninn Holding Asset Management Plc. will not pay dividends after 2025, according to a decision by its general meeting, the company announced on the Budapest Stock Exchange’s website. Based on its standalone financial statements prepared in accordance with International Financial Reporting Standards (IFRS) and approved at the general meeting, the real estate investment and asset […]
Ball Corporation, a global manufacturer of sustainable aluminum packaging, is expanding its workforce at its recently acquired plant in Makó, SE Hungary, the company’s communications partner informed MTI. According to the announcement, the local company Ball Italcsomagoló Magyarország [Drink Packaging Hungary] Ltd. plans to hire more than forty new employees in the first phase, with […]
Approximately HUF 3.5 billion were spent on developing digital teaching methodologies at the University of Miskolc in northeastern Hungary, on building digital infrastructure to support practical instruction, and laying the groundwork for student and faculty skills related to the use of information technology, the institution told MTI. In their statement, they wrote that the goal […]
The jobless rate in Hungary for people between the ages of 15 and 74 stood at 4.5% in March, data released by the Central Statistics Office (KSH) on Friday show. The rate was up from 4.3% in March 2025, but down from 4.8% in February. In absolute terms, there were 219,000 unemployed in March. The […]
