Budapest Spas cPlc. surpassed all previous records in 2024, with annual net sales of nearly HUF 26.3 billion, up from HUF 23 billion in 2023, and a profit after tax of more than HUF 6.2 billion, compared to HUF 5 billion in the previous year, the company told MTI on Friday. They stressed that the […]
In February 2025, industrial production was 8.7% below its level of a year earlier, or 8.0% adjusted for working days. Output fell in all manufacturing subsectors, with the largest decline in the manufacture of electrical equipment, the Hungarian Central Statistical Office (KSH) confirmed in its second estimate released on Friday, MTI reports. Production dropped in […]
Hungary's Budget Deficit Nears Annual Target Amid Economic ConcernsHungary's budget deficit has surged to 62% of the government's full-year target in the first quarter, following a significant shortfall in March—the second-largest for that month in 24 years. This development raises questions about the feasibility of the administration's revised economic growth projections, especially as the National […]
Auchan Hungary's new, innovative retail unit, the first Auchan GO, has been officially opened. The smart point of sale is available to customers 24 hours a day, 7 days a week, because it does not require staff. Using the OkAuchan app, you can enter the store at any time, the value of the goods you […]
ORLEN has announced a new call for applications for the ORLEN Skylight Accelerator. Startups and young technology companies from around the world can submit their solutions and test them under real-world conditions within the ORLEN Group’s infrastructure. The program is also open to companies at early stages of technological development (Proof of Concept, Minimum Viable […]
The retail chain Spar Hungary achieved gross sales of almost HUF 1,112 billion in 2024, which is 4.8% higher than the previous year, while the volume of products sold increased by about 2% year-on-year, the company's CEO, Gabriella Heiszler said at the annual press conference in Budapest on Thursday. She stated that Spar Hungary also […]
A second production unit and a new logistics center of Sensirion Hungary Ltd. were inaugurated this Wednesday in Debrecen, E Hungary. The development was realized with a HUF 4.5 billion investment of WX Sharing Ltd., jointly owned by SZINORG Group and XANGA Group, in a build-to-suit construction. According to a statement by the company, the […]
Ferenc Liszt International Airport has been awarded the best airport in Eastern Europe by aviation research organization Skytrax for the twelfth consecutive year, the airport's operator, Budapest Airport has announced on its website. The recognition, which is based on feedback from passengers, was received by Budapest Airport, part of the VINCI Airports network, at the […]
At the national level, the real estate network Otthon Centrum (OC) has measured a 50% price increase in the Hungarian building plot market in one year. According to the summary sent to MTI on Wednesday, the average price of building plots increased to HUF 21,500 per square meter last year. In absolute terms, building plots […]
This spring, Spago Budapest by Wolfgang Puck invites you to celebrate Easter in style with unforgettable culinary experiences in a truly special setting. Blending refined gastronomy with the spirit of the season, the restaurant offers the perfect backdrop for every festive occasion — be it an exclusive Easter Sunday brunch, a cozy family lunch, or […]
At its April 8 meeting, the Monetary Council of the Hungarian National Bank (MNB) reviewed the latest international trade policy actions and their potential consequences. The Monetary Council concluded that uncertainty in the global economy and financial markets has increased substantially in recent days. Investor risk aversion is widespread, and both recessionary and inflationary risks […]
One of the main reasons why I wished to be appointed for a second term as Ambassador of Switzerland to Hungary and why I enjoy my second term so much is certainly the fact that as a Swiss Ambassador to Hungary – and as ambassador of any country in Hungary, I am quite sure – […]
CONSTRUMA – Hungary's largest and internationally recognized construction fair – has opened in the Hungarian capital. Held for the 43rd time this year, it brings together the best in the industry to learn about the latest technologies and find answers to the challenges of the future, according to the event's website. The themes cover the […]
Earlier this year, the Canadian Chamber of Commerce in Hungary (CCCH) held a business breakfast focusing on the uncertainties surrounding the economic policies of the new Trump administration. CCCH President Nicholas Sarvari has summarized for Diplomacy&Trade how much coherence, if any, can be seen in this economic policy so far; how it may affect trade […]
Today, a 15,300- square-meter high-tech production hall jointly developed by Panattoni Hungary and OTP Real Estate Investment Fund has been inaugurated in Debrecen. The plant, which was developed for ZF Chassis Modules in a build-to-suit construction, will supply chassis to BMW's Debrecen plant and is the second development of its kind in Hungary, following the […]
