The BYD brand's position in the Hungarian new car market is visibly strengthening, with outstanding results in the first four months of this year, and this could improve further as the year progresses with the intensive expansion of the dealer network, supported by a strong model range, according to the Chinese manufacturer's PR agency. BYD […]
Continest Technologies Plc. has established a new subsidiary. Continest Defence Lab for the development of container-based infrastructures designed for defense and humanitarian tasks, the company told MTI. The Defence Lab not only supplies equipment, but as a technology integrator it is able to integrate the developments of various industry players, universities and research institutes into […]
Zsófia Bánhegyi, Vice President for Corporate Relations of the Hungarian Marketing Association (MMSZ), has been named as the top European marketing professional of the year, MMSZ announced on Friday. The European Marketing Confederation (EMC), the member organizations of the European Marketing Confederation (EMC), including MMSZ, nominated national candidates for the Marketer of the Year competition […]
A controversial bill introduced by Hungary’s ruling Fidesz party, aimed at restricting foreign-funded media outlets and civil society organizations, has drawn sharp criticism from European lawmakers, press leaders, rights groups, and the judiciary. Hungary’s parliament began debating the draft legislation last week, which would allow the government to create a public list of organizations receiving […]
A new gas power plant is being built in Mátra as the Hungarian Energy and Public Utility Regulatory Authority (MEKH) has granted the installation permit for the planned combined cycle gas power plant unit in Visonta, the Ministry of Energy (EM) said in a post on its community page on Thursday. Once the last administrative […]
Long-term loans remain unpopular among executives of large corporates, driven by the hectic changes in the domestic and especially the international economic situation. A growing proportion of those who use loans to realize their investments are considering leasing structures, according to a representative survey by K&H, the findings of which were published in a statement […]
Zwack Unicum Plc. achieved gross sales of HUF 38.788 billion in the 2024/2025 financial year between April 1, 2024 and March 31, 2025, which is HUF 1.850 billion, 5% higher than in the previous financial year, while its annual result increased by 2.9% to HUF 2.9 billion, the company announced on the website of the […]
MOL Plc. has notified the market on the website of the Budapest Stock Exchange (BSE) that the MOL Group and the MVM Group have entered into an oil trading agreement aimed at further diversifying the region’s energy supply portfolio, with a particular focus on landlocked Hungary and Slovakia. Through this cooperation, MOL says it could […]
The volume of investments in the Hungarian economy was 12.1% lower according to raw data in the 1st quarter of 2025 compared to the same period of the previous year, the country's Central Statistical Office (KSH) reports. Compared with the previous quarter, based on seasonally adjusted data, the value of investments lessened by 3.4% at […]
The production of sustainable aviation fuels (SAF), which play a key role in decarbonizing aviation, has grown rapidly in recent years, but wider adoption requires industry-wide collaboration, according to an analysis sent to MTI by the Boston Consulting Group (BCG) on Wednesday. According to a BCG survey of more than 500 executives from 200 companies, […]
From April 2025, the Ecser distribution center of global home furnishings retailer JYSK will become the seventh country to supply 91 stores in Austria, and from June, online orders will be processed in the neighboring country. More than 11,000 products are stored at the Ecser center (just south of Budapest), and the utilization of the […]
According to PwC's latest research, AI (artificial intelligence) could add one percentage point per year to the economy's growth rate over the next decade, comparable to the growth rate of the world's industrialization in the 19th century. Cross-sector transformations and leveraging the business value of AI are the focus of Value in Motion, which also […]
The PLMA World of Private Label International Trade Show has opened in the Dutch city of Amsterdam – an event becoming increasingly popular among retailers and manufacturers looking for new business opportunities and partners in the private label market. Twenty Hungarian food companies are presenting themselves to an international audience at the trade fair in […]
MBH Bank closed the first quarter with a stable high profitability: its total assets grew by almost 8.8% year-on-year to more than HUF 12,824 billion, the adjusted pre-tax profit of the banking group amounted to HUF 67.9 billion, and its adjusted return on equity reached 20.5%, the company told MTI on Wednesday. They added that […]
12 hotels across Hungary have joined the Munch food-saving platform: ten hotels in Budapest and two in the countryside are currently participating in the anti-waste initiative. The hotels in the capital have saved a total of 6,000 kg of food. According to a 2018 study, hotels produce 79,000 tons of food waste every year, accounting […]
