Hungarian businesses have settled into an uncertain economic environment, according to a recent business survey by the German-Hungarian Chamber of Industry and Commerce (DUIHK), with both the general economic situation and the company's own business assessments looking gloomy in the long term, the president of the chamber, András Sávos, said at a press conference in […]
Nestlé Hungária Ltd. has inaugurated a new solar park in Szerencs, NE Hungary, representing an investment of EUR 1.8 million, the Hungarian Investment Promotion Agency (HIPA) reports. The facility will generate approximately 1.5 GWh of electricity annually and marks the latest development in the operations of the Swiss company, which has been present in Hungary […]
The total value of corporate mergers and acquisitions (M&A) in Hungary rose to a record high last year, with 110 transactions worth an estimated USD 9 billion. The number of deals was virtually stagnant compared to the previous year, but their estimated total value set a record with an increase of almost 40 percentage points […]
Budapest’s international airport, the gateway to Hungary, was opened to the traveling public exactly seventy-five years ago, on May 7, 1950. Over the past seven and a half decades, hundreds of millions of passengers and millions of aircraft have used the runways and terminal buildings at the area called ‘Ferihegy’. The airport has been voted […]
In March 2025, the volume of retail trade was 0.4% lower in raw data, or 0.4% higher in calendar (and Easter effects) adjusted terms, than in the same month of the previous year, the Hungarian Central Statistical Office reports. Compared to the same period of the previous year, calendar-adjusted sale volumes expanded by 1.2% in […]
The Photojournalists' Section of the National Association of Hungarian Journalists (MÚOSZ)has organized the Hungarian Press Photo Contest again this year. It is a showcase of the most interesting Hungarian press photos taken in 2024. The 43rd Hungarian Press Photo Exhibition presents a selection of these photos. 282 photographers submitted 2,566 entries for prizes in 16 […]
At an event held at the Hungarian University of Physical Education and Sports Sciences in Budapest to celebrate the 100th anniversary of the university's foundation this year, six more athletes' handprints were placed on the Wall of Hungarian Sports Stars, according to MTI. The Wall of Hungarian Sports Stars was founded in the early 1990s […]
In Q1 2025, 2,704 new dwellings were built, 2.7% fewer than a year earlier. The number of dwellings to be built on the basis of construction permits and simple declarations was 5,651, 25% more than in the same period of 2024, the Hungarian Central Statistical Office reports. In the first quarter of 2025, 2,704 dwellings […]
Vehicle trading company and mobility service provider AutoWallis Group's revenue exceeded HUF 398.4 billion las year, which is HUF 32.2 billion (or 8.8%) higher than the revenue for the previous year, the Group announced on the website of the Budapest Stock Exchange. The report says organic growth in the Group's revenue was 7%, which is […]
The largest noise protection program, launched by the For the Neighbors of Budapest Airport Foundation in 2022 with the involvement of 4,000 properties in total, is continuing with the inclusion of additional areas of Districts 10 and 18 in Budapest and Üllő, according to a statement by Budapest Airport, the operator of the Ferenc Liszt […]
According to press reports, the Trump administration has expressed interest in reducing Hungary’s reliance on Russian energy sources, recommending the purchase of American liquefied natural gas (LNG) and nuclear technology instead. This aligns with a key pillar of sovereignty-focused economic policy: the pursuit of energy independence, the Hungarian Economic Reasearch Institute GKI says in its […]
Lajos Tihanyi's 1908 painting entitled ‘Market in Baia Mare’ will be one of the featured works of art at the spring auction of the Judit Virág Gallery, the organizers told MTI on Monday. They pointed out that the work of art was thought to have disappeared for almost 100 years, but the lurking work turned […]
After the increased interest of the past months, the residential property market for sale was characterised by a significant drop in demand in April, with interest declining mainly in the capital as investor activity declined, the Hungarian real estate website ingatlan.com reported on Monday, according to its own data. According to the monthly aggregate of […]
Hungary has become a collection and distribution center in the European logistics network, while rail freight transport has been struggling with significant cost increases and profitability problems, intermodal transport has achieved an outstanding 122% growth in 2024, the Association of Hungarian Logistic Service Centers (MLSZKSZ) told MTI on Monday. They explained that according to data […]
Trading on the Budapest Stock Exchange (BSE) was more volatile in April, in line with international trends, with the BUX index rising 3.4% on the previous month to close the month at 92,196.43 points, the BSE told MTI on Monday. It was pointed out that despite international uncertainty, April was a month of high turnover […]
