Market players expect 90-120,000 fewer residential property sales in 2023 than last year, with the outlook mainly determined by lending rates, changes in utility bills and remaining state subsidies. As the property agency Duna House told the state news agency MTI on Monday, it estimates that 6,474 sales were made on the real estate market […]
Suzuki achieved a 12.43% share of the total number of 13,859 passenger cars registered in Hungary in 2022, with the brand leading the domestic new car sales for the seventh year in a row, thanks mainly to its two domestic models, the Vitara and the S-CROSS, Magyar Suzuki Plc. said on Monday, according to Datahouse […]
Celebrating its 20th anniversary in 2023, Dome Facility Services Group has been providing comprehensive, integrated facility management (FM) services to the Hungarian real estate market while adhering to its proven values. Characterizing the domestic FM market and Dome’s role in it, Gábor Décsi MRICS, Managing Partner at Dome Group, highlights to Diplomacy&Trade that “in the […]
As of 00.00 hours this Sunday, Croatia is a member of the Schengen area, which means that travelers will be able to use Croatian-Hungarian border crossings without stopping and without checks, the Croatian Minister of Foreign and European Affairs announced at a ceremony at the Letenye-Muracsány (in Croatian: Gorican) border crossing Saturday night. In his […]
"We are a strong, fighting, crisis-resistant nation," the President of the Republic, Katalin Novák said in her New Year's speech. The speech, which has become a tradition every year, is delivered by the Head of State of Hungary, and so it was the first time that Katalin Novák, who took office in 2022, addressed the […]
The Budapest Stock Exchange (BSE) share index, the BUX, closed the year at 43,793.76 points on Friday, down 13.6% year-on-year to 6,926.95 points. The leading shares weakened in 2022, with the exception of Mol, with OTP suffering the biggest loss in value. On the last trading day of the year, the OTP Bank’s stock was […]
The traditional New Year’s Eve Trotter Festival was held once again in Budapest this Saturday. As the organizers say, it is the most popular racing day in Hungary. The New Year’s Eve Trotter Festival was born in 1999 in the old Kerepesi Road Racecourse (now it is the site of the the shopping center Aréna […]
Facility management is one of the most important sectors of the Hungarian economy. The umbrella association of this profession in Hungary works on tackling the challenges of our times and on raising the overall standard in this industry. As the President of the National Association of Facility Management, Building Operation and Maintenance Service Providers (LEO […]
As Ukraine expects to have a smaller harvest next year than this year, Hungary will probably be able to import less from its northeastern neighbor. Ukraine's corn harvest could fall by almost half, from 41.9 million tons in 2021 to 22-23 million tons in 2022. The Russian invasion prevented the harvesting of grain in some […]
The Hungarian forint (HUF) has moved within a wide range this year, with a gap of around HUF 80 between the strongest and weakest levels against the euro: gaining momentum from the HUF 370 level at the beginning of the year to move close to HUF 350, while in October the common European currency was […]
The Budapest Transport Center (BKK) has extended free travel on its public transport services for refugees from Ukraine until March 31, 2023. As in the past, the free travel is available on presentation of a Ukrainian travel document that can be used for identification purposes. The free service, which was introduced on March 4, 2022, […]
1,002,200 people in Romania declared themselves as Hungarians in this year's census, making the Hungarian minority 6% of the population who answered the question, the Romanian National Institute of Statistics is quoted by the Hungarian state news agency MTI. In the previous census, in 2011, 1,227,623 people declared themselves as Hungarians – a drop of […]
60% of Hungarian families have seen their housing maintenance costs rise since the rules on the reduction of utility bills were changed. The average household has to pay HUF 12,000 more for energy, while the average household affected by the price increase has to pay HUF 22,000 per month. Almost four-fifths of the families surveyed […]
The bear market rally that started in mid-October has come to a halt by December and uncertainty once again took hold of financial markets in the last month of the year. The largest central banks continued to tighten monetary conditions in December, leading to further increases in bond yields and the weakening of stock markets. […]
There are more and more vacant posts in healthcare, more and more patients per family doctor, while the number of pediatric practices is decreasing, according to an analysis by the Central Statistical Office (KSH) reviewed by the financial website portfolio.hu. GP services are not always available locally for people living in the smallest settlements. 10% […]
