The National Bank of Hungary (MNB) said in a report published on Thursday that the commercial real estate market may be on the verge of recovery, having moved from a multi-year low in both domestic and regional data last year. Speaking at a press conference in Budapest on the state of the commercial real estate […]
Despite geopolitical tensions, weak global growth and changes in the regulatory environment, the Mol Group closed the 2024 financial year with a stable result, meeting its financial targets, the Group's CEO, Zsolt Hernádi said at the company's annual general meeting in Budapest on Thursday. Zsolt Hernádi noted that despite the decline in the financial result, […]
The Hungarian air navigation service provider, HungaroControl Plc., reported on Thursday that traffic in Hungary's airspace increased significantly over the Easter period compared to the same period last year, the service provider told MTI. The Easter long weekend is a special period in air traffic, when the traffic in Hungarian airspace usually exceeds the average […]
Robert Palladino, the Chargé d'Affaires of the United States Embassy in the Hungarian capital, paid an introductory visit to the City Hall, Budapest Mayor Gergely Karácsony said on his Facebook page on Wednesday. MTI quotes the mayor’s notes that he had a substantive and good-humored conversation with the diplomat. During the meeting, the deepening of […]
The logistics center of Ghibli Ltd. was inaugurated on Wednesday in the southern industrial zone of Debrecen, E Hungary. Together with this new 22,000-square-meter hall, the company has more than 120,000 square meters of warehouse capacity at seven locations in the country, the company's managing director, Zoltán Szabó, said at the inauguration. He added that […]
In 53% of the job advertisements posted since January last year, employers expect some language skills, while in the case of intellectual jobs the proportion is even higher, at 68%, Profession.hu reported on Tuesday with MTI, based on its recent analysis. According to the job portal's survey, companies still expect English to be the language […]
The National Bank of Hungary (MNB) continues its successful series of collector coins featuring Hungarian national parks. In honor of the Aggtelek National Park, which is celebrating its 40th anniversary this year, the Bank has issued a silver collector coin with a face value of HUF 20,000 and its non-ferrous metal version with a face […]
Last year, 3,647 applications for the purchase of real estate in Hungary were submitted by foreign nationals from outside the European Union, which is 23% more than a year earlier; the last time similar activity was seen was before 2019, the real estate broker Duna House told MTI on Tuesday. According to Duna House's analysis, […]
Easter Monday, which is a holiday in Hungary, is a day of celebration of profane human joy, especially youth. Over the years, this day has become more and more about symbolic customs than about going to church, and sprinkling of girls by boys, which has changed a little, but still retains its roots. Folklore has […]
The financial situation of the Hungarian population is slowly improving, and with it the willingness to take out loans has also started to increase, according to data from a national survey commissioned by Provident Financial Ltd. Although demand for credit has fluctuated over the past few years, along with consumer confidence, both are currently on […]
Hungary's parliament has passed a constitutional amendment allowing the government to ban public LGBTQ+ events, including the annual Budapest Pride march. The amendment, approved on April 14 with a two-thirds majority by the ruling Fidesz-KDNP coalition, declares that children's rights to moral, physical, and spiritual development take precedence over other fundamental rights, including the right […]
Despite the economic difficulties, the economic indicators of Hungary's BioTechUSA Group improved last year, with the turnover of one of Europe's largest manufacturers and distributors of dietary supplements rising to HUF 93.7 billion, the company told MTI on Thursday. It said the wholly domestically owned group increased its turnover by 3.5%, while its EBITDA rose […]
Ganz Transformers and Electric Rotating Machines Ltd. closed the 2024 business year with an outstanding result, its net sales more than doubled compared to last year, and its profit after tax increased almost fourfold, the company told MTI on Thursday. According to a statement, the net sales of the company, which has been 100% Hungarian-owned […]
The Hungarian oil and gas company Mol has made three new natural gas discoveries in the Tal exploration area in Pakistan, for which the company has now started to develop an extraction strategy, the Hungarian Minister for Foreign Affairs and Trade, Péter Szijjártó announced in Islamabad. Mol has been present in the Pakistani market for […]
The French ESSCA School of Management International's Hungarian Campus, which is ranked at the top of the Financial Times' management training rankings and is recognized as the "Triple Crown" of the profession, has hosted a prestigious international afternoon this Wednesday with former Peruvian Ambassador Péter Kraft, owner and creative director of the Hungarian Value certified […]
