In August, 8,951 new passenger cars were registered in Hungary, more than 10% fewer than a year earlier, according to DataHouse – a Carinfo.hu report quoted by the financial portal portfolio.hu. This means that the Hungarian car market has shrunk further – down 10.4% compared to August 2022. Looking ahead to 2023, the picture is […]
Although stock markets tend to be subdued in the summer months, the Budapest Stock Exchange had an outstanding month. The BSE's primary stock index, the BUX index, ended the month at 55,775 points, a historical record for the month, following a 4.5% increase, the financial portal portfolio.hu writes. The strong form was also reflected in […]
The Hungarian financial landscape witnessed yet another step in the ongoing monetary easing cycle as the nation's central bank announced a significant rate cut in August. With the ebbing pace of inflation creating room for further rate reductions, all eyes are now on the impending merger of the effective and base rates, set to occur […]
The surplus of the external trade in goods amounted to EUR 1.6 billion in Hungary in June, compared to May the adjusted volume of export decreased by 0.8% and that of import lessened by 1.5%, the Central Statistical Office reports. The volume of export increased by 10% in June 2023, while that of import decreased […]
The number of tourists arriving from the United States, South Korea and China had increased by leaps and bounds by the end of July compared to the same period last year, the Hungarian Tourism Agency (MTÜ) told MTI on Thursday. Year-on-year, 35% more American guests came to Hungary, while Chinese and Korean guests came almost […]
JYSK has opened new stores in Solymar and Mór, bringing the home furnishing chain's total number of stores in Hungary to 94, the company informed MTI on Thursday. The chain is continuing to expand, with plans to open two more JYSK stores by the end of the year, one in the capital and one in […]
In the 2nd quarter of 2023, the volume of investments in Hungary decreased by 13.5% compared to the same period of the previous year, and lessened by 4.1% compared to the previous quarter (seasonally adjusted). Most sections of the national economy contributed to the general decrease of investments. Investment performance increased only in manufacturing as […]
Mapei Ltd. is investing HUF 8 billion to build a new production line for roofing materials and a 12,000-square-meter warehouse in Hungary, the company, which manufactures and distributes building materials, told MTI on Wednesday. The development, to be completed by 2025, will be able to supply not only Hungary but also the region with high-quality […]
If you have at least a week to spend on holiday, you can choose between Lake Balaton and the Croatian Adriatic coast, with many arguments for and against. But summer lasts beyond the holidays, and it's also the time for a cool dip or a sunbath at the weekend or even after work. That's where […]
In the 2nd quarter of 2023, service exports calculated in EUR increased by 6.7%, their imports grew by 0.8% compared to the same period of the previous year. The surplus was EUR 2.7 billion, EUR 451 million more than in the 2nd quarter of 2022, slightly surpassing the previous record. Exports rised by 8.4%, imports […]
At its meeting this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided not to change of central bank base rates with effect from August 30, but leave it at 13.00%. At the same time, the interest rate corridor was narrowed. In the Monetary […]
This Tuesday sees the start of the International Olympiad in Informatics (IOI) in the southeastern Hungarian city of Szeged, with around a thousand participants from ninety countries around the world, the organizers told MTI. The International Olympiad in Informatics has been held annually since 1989 for secondary school students from the participating countries. The IOI […]
Over the past year (August 2022 to July 2023), an average of 30,000 users per month have used the MOL Bubi bicycle rental service in the Hungarian capital. Bubi 1.0 (the system operated between 2014 and 2020) had an average of 3,500 users per month, an increase of eight and a half times. "Wherever you […]
Alteo Group achieved consolidated revenues of HUF 58.8 billion in the first half of this year, up 55% compared to the same period last year, while its profit after tax increased by 10% to HUF 8.8 billion in the same period, the energy services and trading company announced on the website of the Budapest Stock […]
The Korean Cultural Festival in Budapest, starting on September 8, will showcase the diversity of Korean cultural heritage. The event will last for almost a month and will feature 12 programs and live broadcasts at four venues. The festival's series of concerts will showcase the many different facets of traditional Korean music, kugak, from the […]
