The AutoWallis Group has signed a cooperation agreement with its Portuguese partner Salvador Caetano Group to distribute the Chinese brand XPENG, which produces innovative electric cars, in Hungary, Slovenia and Croatia, the company said on Monday. Under the agreement, AutoWallis Caetano Plc., which is 50-50% owned by the Hungarian and Portuguese companies, will be the […]
Inflation remains the biggest risk, while cutting consumption is the most common crisis management tool, according to the Provident Barometer, a representative survey of the Hungarian population commissioned by Provident. The results of the research, which will now be conducted quarterly, also show that financial insecurity is associated with low levels of financial awareness, which […]
Forestay Group has organized a topping-out ceremony of the Moxy Budapest Downtown, a 283-room hotel set to open in spring 2026 on Budapest's historic Kazinczy Street. With structural works now complete, the project is on schedule for delivery in the second quarter of 2026. The project transforms a previously underutilized site, once home to the […]
The Budapest Stock Exchange's (BSE) share index, the BUX, ended the week down 1.69% on last Friday, falling by 1,639.07 points to 95,426.77 points. Total turnover rose from HUF 91.867 billion to HUF 112.652 billion on a weekly basis, with leading shares weakening. Magyar Telekom bought own shares from the leading issuers during the week: […]
Hungary’s largest car importer, Porsche Hungária organized a children's day for the families of the National Association of Large Families (NOE) on Saturday at the Driving Camp driving track in Zsámbék. At the opening ceremony, László Bak, member of the NOE board, said that participants were invited to the event after pre-registration in order to […]
The BYD brand's position in the Hungarian new car market is visibly strengthening, with outstanding results in the first four months of this year, and this could improve further as the year progresses with the intensive expansion of the dealer network, supported by a strong model range, according to the Chinese manufacturer's PR agency. BYD […]
Continest Technologies Plc. has established a new subsidiary. Continest Defence Lab for the development of container-based infrastructures designed for defense and humanitarian tasks, the company told MTI. The Defence Lab not only supplies equipment, but as a technology integrator it is able to integrate the developments of various industry players, universities and research institutes into […]
Zsófia Bánhegyi, Vice President for Corporate Relations of the Hungarian Marketing Association (MMSZ), has been named as the top European marketing professional of the year, MMSZ announced on Friday. The European Marketing Confederation (EMC), the member organizations of the European Marketing Confederation (EMC), including MMSZ, nominated national candidates for the Marketer of the Year competition […]
A controversial bill introduced by Hungary’s ruling Fidesz party, aimed at restricting foreign-funded media outlets and civil society organizations, has drawn sharp criticism from European lawmakers, press leaders, rights groups, and the judiciary. Hungary’s parliament began debating the draft legislation last week, which would allow the government to create a public list of organizations receiving […]
A new gas power plant is being built in Mátra as the Hungarian Energy and Public Utility Regulatory Authority (MEKH) has granted the installation permit for the planned combined cycle gas power plant unit in Visonta, the Ministry of Energy (EM) said in a post on its community page on Thursday. Once the last administrative […]
Long-term loans remain unpopular among executives of large corporates, driven by the hectic changes in the domestic and especially the international economic situation. A growing proportion of those who use loans to realize their investments are considering leasing structures, according to a representative survey by K&H, the findings of which were published in a statement […]
Zwack Unicum Plc. achieved gross sales of HUF 38.788 billion in the 2024/2025 financial year between April 1, 2024 and March 31, 2025, which is HUF 1.850 billion, 5% higher than in the previous financial year, while its annual result increased by 2.9% to HUF 2.9 billion, the company announced on the website of the […]
MOL Plc. has notified the market on the website of the Budapest Stock Exchange (BSE) that the MOL Group and the MVM Group have entered into an oil trading agreement aimed at further diversifying the region’s energy supply portfolio, with a particular focus on landlocked Hungary and Slovakia. Through this cooperation, MOL says it could […]
The volume of investments in the Hungarian economy was 12.1% lower according to raw data in the 1st quarter of 2025 compared to the same period of the previous year, the country's Central Statistical Office (KSH) reports. Compared with the previous quarter, based on seasonally adjusted data, the value of investments lessened by 3.4% at […]
The production of sustainable aviation fuels (SAF), which play a key role in decarbonizing aviation, has grown rapidly in recent years, but wider adoption requires industry-wide collaboration, according to an analysis sent to MTI by the Boston Consulting Group (BCG) on Wednesday. According to a BCG survey of more than 500 executives from 200 companies, […]
