After a record first quarter, passenger traffic at Ferenc Liszt International Airport continues to climb steadily, the airport operator firm Budapest Airport has announced. The airport handled 9,071,236 passengers in the first half of the year, 15% more than in the same period last year, which approaches the total passenger traffic of the entire year […]
When they need a loan, Hungarians still turn primarily to family members for financial assistance, but compared to last year, there has been a change in that they are more willing to ask friends and colleagues than financial institutions and financial service providers, according to a representative survey of 1,000 people in nine countries commissioned […]
This year marks the 50th anniversary of the establishment of diplomatic relations between the People’s Republic of China and the European Union. The Chinese press has remembered the occasion in several articles. According to the Xinhua news agency’s summary, shared by the Chinese Embassy in Budapest, the most valuable experience of the 50-year history of […]
The Hungarian market for new electric passenger cars (EVs) is not expected to see the same dynamic growth this year as last year, while the segment's share of total sales, at around 7%, continues to lag behind the European average. However, EVs could account for 12-13% of KIA's sales, according to Norbert Nagy, president of […]
Hungary’s economic recovery faced a fresh setback in May as wage growth fell to its slowest pace in more than two years, signaling weakening household purchasing power and raising doubts about a consumer-driven rebound ahead of the 2026 election. Data released this week by the Hungarian Central Statistical Office showed that average gross wages rose […]
Following the establishment of its Hungarian subsidiary in 2021, Tulip Interfaces is expanding its Budapest hub with a new R&D project, the Hungarian Investment Promotion Agency (HIPA) reports. The American manufacturing technology company’s local team will grow by 26 engineers as a result of the investment, whose task will be to support the development of […]
Although the previous labor shortage has eased over the past year, the Hungarian labor market still can't breathe easy. According to a recent analysis by Work Force, the economic slowdown has led to more potential candidates, but companies are still struggling to find suitably qualified and motivated workers, especially in manufacturing, the automotive industry, and […]
The Budapest Research Forum (BRF), which comprises CBRE, Colliers, Cushman & Wakefield, ESTON International, iO Partners and Robertson Hungary, has published its Q2 2025 Hungarian office market summary. The total modern office stock currently adds up to 4,426,050 sqm, consisting of 3,548,815 sqm of ‘A’ and ‘B’ category speculative office space as well as 877,235 […]
American industrial automation giant Emerson is expanding its operations in Hungary through new smart investments that create high value-added jobs, while also joining the Government’s community of strategic cooperation partners. Emerson is set to invest EUR 6.2 million and create over fifty new jobs in two projects with the support of the Hungarian Investment Promotion […]
A HUF four billion development project has been launched at the Budapest site of 77 Elektronika Ltd. The medical diagnostics equipment manufacturer is relocating its entire Budapest production capacity to a single site and, at the same time, is implementing significant technological upgrades, the company told MTI on Wednesday. The 100% Hungarian-owned company is financing […]
PannErgy Plc. publishes a production report on a quarterly basis, presenting its production and utilisation of green energy. In its report, in addition to other useful information, PannErgy presents the green heat sales figures of its key geothermal energy production systems in the reporting period. In its extraordinary publication of October 1, 2024, the Company […]
The SpaceX Dragon space capsule carrying the members of the Axiom-4 mission, including Hungarian research astronaut Tibor Kapu, landed off the coast of California on Tuesday. The space capsule, named Grace, undocked from the International Space Station (ISS) at 1:15 p.m. Hungarian time on Monday to begin its 22.5-hour journey back to Earth. The capsule […]
Last month, the total installed capacity of solar power plants in Hungary exceeded 8,000 megawatts; the rise of green energy also contributed to the import ratio of electricity consumption remaining below 20% in the first half of this year, according to a social media post by the Ministry of Energy (EM) quoted by MTI on […]
The AutoWallis Group increased its vehicle sales by 3.4% in the first half of the year, mainly due to previously completed acquisitions in the Czech Republic, the company told MTI on Tuesday. According to the information provided, sales of new cars in the retail business segment increased by 18.8% to 5,849 units, with 1,131 of […]
The volume of industrial production lagged behind the one year earlier level by 2.6% in May 2024. The working day adjusted index is equal to the non-adjusted one, the Central Statistical Office (KSH) reports this Tuesday. Setbacks were measured in the great majority of manufacturing subsections, at the same time, production volume grew in the […]
