Brand loyalty is less and less influential in consumer decisions, but value for money is more important than ever in retail, the international consultancy firm Ernst & Young (EY) told MTI on Tuesday. According to a survey by the consultancy, a third of shoppers do not even look at brand names, and two-thirds do not […]
The University of Pécs (PTE) and Deutsche Telekom (DT) IT Solutions are creating a new IT and telecommunications center for the approximately one thousand students of the Faculty of Engineering, Informatics and Natural Sciences, the higher education institution told MTI on Tuesday. In their statement, they wrote that the so-called DT Excellence Center will offer […]
Market Építő Plc.'s after-tax profit reached HUF 30.51 billion in 2024, an increase of more than HUF 9 billion compared to the same period last year, while the construction company's revenue decreased from HUF 321.69 billion in 2023 to HUF 307.43 billion in 2024, the construction company said on Tuesday on the Budapest Stock Exchange […]
Graphisoft Park that includes industrial and office facilities in Budapest produced in 2024 a pro forma net profit EUR 7.96 million, which – in line with its previous forecast – exceeds the exceptionally high result of the previous year – which is also due to one-off items – by approximately EUR 100,000, or 1%, the […]
At its meeting on April 29, 2025, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to leave unchanged the central bank interest rates (base rate at 6.50% and the overnight deőposit rate at 7.50%) with effect from April 30, 2025. The National Bank of […]
In March 2025, 1.1 million guests spent nearly 2.7 million tourism nights at tourist (commercial, private and other) accommodation establishments in Hungary, the country's Central Statistical Office reports. Due to Good Friday and Easter falling entirely in April this year and the March 15 holiday not linked to a long weekend, the number of tourist […]
Due to the expected summer increase in airport traffic, the 100E Airport Express will operate more frequently between Deák Ferenc Square and Budapest's Ferenc LisztInternational Airport from Thursday, the Budapest Transport Center (BKK) told MTI on Tuesday. According to the statement, the BKK is preparing for the increased traffic expected over the four-day weekend, and […]
Industrial producer prices in Hungary were 7.3% higher on average in March 2025 than one year earlier. Domestic output prices were 4.7% and non-domestic output prices 8.6% higher than in March in the previous year, the country's Central Statistical Office (KSH) reports. The price rise was primarily caused by the annual weakening of the forint […]
Hungarian market leader sportswear brand Decathlon increased its sales by 6% to HUF 86.2 billion in 2024, while its profit after tax rose from HUF 3.7 billion to HUF 4 billion, the company told MTI on Monday. According to the statement, based on the renewed global brand identity, the brand's stores in Hungary also started […]
The Hungarian energy services firm Alteo Plc. will not pay any dividend this year, as the General Meeting of Shareholders has decided that last year's profit will be fully transferred to the profit reserve, the company announced on the website of the Budapest Stock Exchange (BSE) on Monday. The general meeting of Alteo Plc. last […]
BorsodChem Plc., based in Kazincbarcika, NE Hungary, is developing its own catalyst technology and laboratory with almost HUF 1.3 billion, the company told MTI. According to the information, the aim of the project is to provide the company with a competitive advantage in the market by reducing costs and increasing production efficiency. BorsodChem's development aims […]
A still life ‘Wild Flowers’ by Hungarian painter János Vaszary, owned by the family of the world-famous American playwright Irwin Shaw, will be auctioned by the Judit Virág Gallery in Budapest, the gallery informed MTI on Monday. As they wrote, János Vaszary painted this still life in the 1930s. The painting has been owned by […]
“The bigger the daily drive, the more important it is to feel that you are not alone” - says the new advertisement of Soproni, celebrating its 130th anniversary. The beer brand, proud of its tradition and innovation alike, draws attention to the power of community and togetherness. A statement by parent company Heineken calls attention […]
Thousands of cyclists gathered on Saturday afternoon in front of the Városháza Park (City Hall Park) in the downtown area of the Hungarian capital to participate in the 10th I Bike Budapest parade. The aim of the event was to raise awareness of the state of cycling in Budapest and to demonstrate for a better […]
This year again, Budapest's passenger boats will hold their traditional season-opening sailing: this Sunday, about 28 boats will leave the capital's ports at the same time to march in spectacular formation along the Budapest section of the Danube, the Hungarian Federation of Passenger Fleet Operators (SZHSZ) told MTI. The aim of the event is to […]
