The presence of foreign nationals in the Hungarian real estate market has strengthened again, with 23% more foreigners investing in Hungarian property in 2021, according to Duna House data, which show that 2,716 applications for property purchase were submitted by non-EU nationals last year. An important factor is the deterioration of the value of the […]
The German family-owned Balluff Group has opened a new development office in Budapest, the third location in Hungary, following Veszprém and Csetény (both southwest of Budapest), where 10 highly skilled jobs will be created, the company told the state news agency MTI. According to the information, Balluff's management decided a year ago to expand its […]
The stock index of the Budapest Stock Exchange (BSE) rose on the week, closing at 43,343.38 points on Friday, up 352.91 points or 0.82% on the previous week, the state news agency MTI reported this Sunday morning along with a brief analysis. The weekly turnover of the stock market was HUF 34.48 billion, compared to […]
The traditional August 20th national holiday fireworks display – claimed by the Hungarian government to be the largest on the continent – that had been postponed a week ago by the government appointed operative board in charge of the event took place this Saturday evening. This time, the operative board that refused to wait for […]
In the midst of the current severe energy crisis, the member businesses of the Hungarian Trade Association (OKSZ) – distributors of all sectors, including food, drugstore, various industrial goods such as clothing, toys, furniture, technical and DIY – have been looking at how they can operate more cost-effectively than ever before, as the drastic increase […]
The average age of passenger cars in Hungary has set a new record, reaching 15 years in 2021 – a record not seen since 2000, according to data by the Central Statistical Office (KSH): the Hungarian car fleet closed the first half of this year at 15.2 years of average age. This result is partly […]
The newest section of the bicycle path connecting the capital with Lake Balaton between Székesfehérvár and Balatonakarattya has been opened. Thus, cyclists can reach the shores of Lake Balaton from Budapest by bicycle on the more than 100-kilometer-long road section. The new 27.4-kilometer-long section is reported to make it easier for people living in the […]
The National Center for Public Health (NNK) has confirmed two more cases of monkeypox in the 33rd week – from 15 to 21 August – bringing the total number of cases in Hungary to 64, the state news agency MTI reports. The NNK said on Friday that the general condition of the 22 and 31-year-old […]
Hungary’s currency, the forint, has brokern numerous negative records against the euro and the dollar in recent weeks. The trend in currency markets is similar across Central and Eastern Europe (CEE) due to the war in Ukraine and the related sanctions, the forint has staged the steepest fall in the region. What could put a […]
It has long been an important element of government policy to keep the price of certain goods and services low so that the bill is settled in a less visible way, the business news site napi.hu says. This has happened with utility and food prices, interest rates on loans and fuel prices. In the case […]
KIA continues to lead the electric vehicle market in Hungary this year, with a 12.3% share of the market, that is, with 321 vehicles sold in the first half of the year, but the market is expected to shrink significantly next year. Norbert Nagy, the South Korean brand's importer in Hungary and president of KIA […]
More restaurants are being forced to close down due to the economic crisis, rising overheads, rising prices for raw materials and labor shortages, and with prices rising, people are also being more careful about what they spend, resulting in a backlog of customers. As an example, the Új Sipos, a landmark restaurant in Budapest's 3rd […]
The turnover of Progress Étteremhálózat [‘Restaurant Network’] Ltd., which operates McDonald's restaurants in Hungary, was HUF 32.25 billion in the first six months of the year, a 38.3% year-on-year increase compared to the first half of last year, the company announced on the Budapest Stock Exchange (BSE) website. According to the half-year balance sheet report, […]
The Budapest Business School (BGE) has received HUF 1.329 billion in funding from the Széchenyi Plan Plus Program, for the development of digital tools, among other things. In a communiqué to the state news agency MTI on Thursday, the university said that the support is used between June this year and April 2026 – with […]
The consolidated sales revenue of the Rába Group in H1 of 2022 amounted to HUF 30.0 billion, which is an increase by 26.6% compared to the figure of HUF 23.7 billion reported for the base period of H1 of 2021. The operating result of the group during the current period amounted to HUF 750 million […]
