Nearly 60% of the world's CEOs expect global economic growth to accelerate in the next 12 months, and 42% expect a 5% increase in headcount, according to PwC's 28th Global CEO Survey, released this Monday at the World Economic Forum in Davos. Almost three-fifths (60%) of CEOs are optimistic about the global economic outlook in […]
According to preliminary data, the domestic used car market saw an all-time high of 909,000 cars changing hands in 2024. This figure exceeded the previous record by 10.2%: 825,000 domestic transfers in 2022, JóAutók.hu summarized in an analysis published on Monday. Prices also fell significantly in the supply market that developed last year, Das WeltAuto […]
2024 broke all previous records in the history of Budapest Airport, the operator of the Hungarian capital's Ferenc Liszt International Airport: 17.6 million passengers and nearly 300,000 tons of air cargo passed through the airport last year, foreshadowing robust passenger growth in the coming years and consolidating the airport’s role as a regional hub, the […]
The first aluminum double-decker car body produced at the Szolnok (E Hungary) facility of the Swiss manufacturer of railway rolling stock, Stadler, was unveiled at 15th anniversary of the facility this Friday. This milestone was achieved as part of an EUR 45.2 million investment launched in 2023, enabling the Szolnok plant to become the largest […]
Hungarian inflation surged in December, with rising fuel and food costs driving consumer prices beyond expectations. The increase presents challenges for monetary policy and has stoked concerns over perceived inflation, as sharp price hikes in key items weigh on household budgets. The Hungarian Central Statistical Office (HCSO) reported a 4.6% annual increase in consumer prices […]
BMW's sales will be boosted next year by a new product portfolio, and the Hungarian importer expects the innovative Neue Klasse model, which will be launched in the second half of the year and will be produced at the German carmaker's new plant in Debrecen, to play a major role in this. Zoltán Gombos, Managing […]
Never before has the volume of traffic in Hungary's airspace been as high as in 2024, with HungaroControl's experts handling more than 1.1 million aircraft in the year, almost 6% more than in the previous year, the Hungarian air traffic service provider told MTI on Thursday. According to the information, the year 2024 brought the […]
Ho Taek Lim, as an experienced manager with many years of experience, took over as Managing Director of the Hankook Tire factory in Rácalmás. He was appointed to the position from December 1, 2024, after the retirement of Hyung Yun Kim, the company has announced. “Having already worked here at the site in the past, […]
Although people are becoming more financially aware, stress caused by financial challenges is still present among those in worse than average financial situations, according to a survey by Provident Financial Ltd. With January typically a time when people are faced with the reality that holiday spending has depleted their resources, the company is highlighting that […]
The building construction general contractor Belotti Ltd. has built a factory hall and installed a new production line for the serial production of innovative products, mainly for the production of industrial floors in Szekszárd, south-central Hungary, the company told MTI. The HUF 320 million investment was implemented with 50% support from the Economic Development and […]
The year 2024 was balanced and successful for Hungary's investment promotion efforts, with partners arriving from 19 countries across three continents, record-breaking number of Hungarian projects, and a significant share of investments in the field of the highest added value activities, Government Commissioner and CEO of the Hungarian Investment Promotion Agency (HIPA), Mr. István Joó […]
The AutoWallis Group sold close to 8% more vehicles in 2024 compared to 2023, marking yet another strong year, the company announced on the website of the Budapest Stock Exchange. The number of vehicles sold by the group increased by 7.7% to reach 48,386. The Retail Business Unit saw the greatest increases, growing new vehicle […]
As the last element of the Mátranovák 2030 development program, a logistics hall worth HUF 600 million will be built in Mátranovák, NE Hungary with the total development program worth HUF 6 billion. Alstom's Mátranovák site will provide one third of the Group's railway bogie manufacturing capacity, the rolling stock manufacturer company told MTI on […]
Gedeon Richter has announced positive topline results from Phase I and Phase III clinical studies for its proposed biosimilar to RoActemra® tocilizumab that has the development code 'RGB-19'. The Hungarian pharmaceutical firm points out in a statement on the webiste of the Budapest Stock Exchange that Phase I clinical study evaluated the equivalence of pharmacokinetics […]
Ford has maintained its 15-year leading position in the Hungarian commercial vehicle market: in 2024, it sold 9,253 new vehicles, reaching a 27% market share, the company informed MTI in a statement. The brand is strong across the entire market and all segments, with dealerships in Hungary selling 14,128 new Fords in 2024, resulting in […]
