The CIB Group's profit after tax increased by 14.1% to HUF 71.905 billion and its balance sheet total increased by 4.4% to HUF 3,463.21 billion in the financial year 2024, the banking group announced to MTI on Tuesday. According to the statement, the outstanding results provide a solid basis for CIB Group to significantly exceed […]
E.ON Hungária Group has made significant improvements through its complex research and development program, Flex.ON, with new solutions implemented with HUF 2.1 billion to make energy supply more cost-efficient and flexible, the company informed MTI on Tuesday. The aim of the investment is to enable the group to serve the growing energy needs of its […]
The real estate market in the Budapest metropolitan area started the year with increasing transaction numbers, persistently strong demand and further price increases, according to data from real estate brokerage group Duna House. In a statement on Tuesday, the group said that the number of transactions in January and February this year had already exceeded […]
The third SopronFest will take place between June 1 and 8, with hundreds of events at 75 venues. Timmy Trumpet, Parov Stelar, Worakls, Dub FX, Halott Pénz, Majka, Ákos and Desh will be among the artists performing at the Lővérek area of the town of Sopron, NW Hungary, during the Pentecost weekend, the event organizers […]
Kempinski Hotel Corvinus Budapest has announced the appointment of Péter Bárdos as its new Executive Chef. According to the statement, with almost 25 years of experience in the kitchen leading highly successful teams in a luxury hotel environment, he is perfectly positioned to take the helm at one of the leading luxury hotels in Budapest. […]
Amway, the world's leading direct selling company, achieved global sales of USD 7.4 billion (HUF 2,727 billion) in 2024, and HUF 6.1 billion in Hungary, the former down 3% and the latter up 4% compared to 2023, the company told MTI on Friday. According to the information, global sales fell last year due to the […]
MBH Bank Plc. achieved outstanding financial results in 2024, with significant growth: its balance sheet total increased by 12.6% to HUF 12,504.7 billion, and its adjusted profit after tax remained stable at HUF 236 billion, Péter Krizsanovich, Deputy CEO of the bank responsible for strategy and finance, said at a press conference in Budapest on […]
In a move widely condemned by human rights organizations and EU officials, Hungary's parliament voted Tuesday to ban Pride events nationwide and authorize the use of facial recognition technology to identify and potentially fine participants. The controversial legislation, pushed through by Prime Minister Viktor Orbán's Fidesz party with 136 votes to 27, amends the country's […]
With one of the most significant investment projects in its history, Start Plast, a traditional firm in the Hungarian plastics industry, has doubled its capacity, the Hungarian Investment Promotion Agency reports. The plastic injection mold manufacturer based in Újhartyán, near Budapest, has carried out an EUR 3.53 million investment with the assistance of HIPA. Alongside […]
On Tuesday, Hungary's green energy production reached new highs: according to MAVIR, the electricity system operator, industrial plants generated an all-time high of 3,747 megawatts (MW) in the quarter-hour starting at 11 am. Including domestic and captive power plants, the total solar generation was 6178 megawatts, the Ministry of Energy (EM) said on its Facebook […]
The Hungarian capital’s Ferenc Liszt International Airport recorded a cargo volume of nearly 300,000 tons last year, which, as the airport operator company Budapest Airport reports, put it ahead of its regional competitor, Vienna Airport. After an outstanding year-end, the volume of cargo handled in 2025 continues to rise: the 29,063 tons handled in the […]
Rail Cargo Logistics - Hungaria and Slovenian Railways (SŽ-Tovorni promet d. o. o.) have signed a cooperation agreement in the field of single-carriage transport, on the basis of which the two companies will speed up the issuing of offers in bilateral relations, Rail Cargo Hungaria (RCH) Plc. told MTI on Wednesday. According to the release, […]
In its regional graduate program, the energy industry Mol Group will recruit 100 fresh graduates in eight countries this year, who will have the opportunity to start their professional careers at one of the most stable energy companies in Central and Eastern Europe, the company informed MTI on Wednesday. According to the statement, the Growww […]
Malta's Universal Air will launch two return flights a week on the Debrecen-Leipzig and Debrecen-Malta routes from March 30, creating a direct connection between the cities, the press service of Debrecen Airport informed MTI on Wednesday. In a statement, they said that the two routes will be operated by a 78-seat De Havilland Canada Dash […]
After last year’s annual traffic record and a record start in January, the significant increase in passenger numbers at Ferenc Liszt International Airport continued in February, the airport operator company Budapest Airport reports. According to the statement, the country’s tourist appeal, Hungarians’ appetite for travel and spending power being focused increasingly on new experiences proved […]
