The Hungarian forint has dropped to its lowest level in 18 months, driven by escalating tensions in the Middle East and recent rate cuts by the National Bank of Hungary (NBH), prompting investors to pull back. Despite these challenges, the central bank has reassured markets that it will maintain a "disciplined and tight" monetary policy […]
After 11 years, the National Association of Facility Management, Building Operation and Maintenance Service Providers (LEO) has undergone a complete makeover, the organization has announced. The rebranding is aimed at strengthening the brand position, increasing professional credibility, being more active in member recruitment and presenting a professional image on the international scene. The logo facelift […]
Indotek Group has announced the appointment of Philip Wood as Head of International Transactions & Asset Management as of October 1, 2024. In this role, he will oversee the asset management group’s international expansion strategy, focusing on key markets in Central, Southern and Western Europe. He will lead the company’s efforts to explore new market […]
GKID has entered into an agreement with PwC under which PricewaterhouseCoopers Magyarország Ltd. acquires a 100% stake in GKID Research & Consulting Ltd. This acquisition will expand PwC’s consulting business with e-commerce, package logistics, media market as well as data service and market research expertise, PwC Hungary says in a statement. Under the terms of […]
The Hungarian real estate brokerage firm Duna House estimates that 9,754 residential properties changed hands, up 21% year on year, and that HUF 112 billion worth of housing mortgages were taken out in September 2024 in Hungary, more than double (+106%) of the base period's data. The number of transactions in the first nine months […]
The Cofidis Group has successfully completed the acquisition of Magyar Cetelem Bank Plc., the Hungarian subsidiary of BNP Paribas Personal Finance Group, Cofidis has announced. According to the statement, Cofidis Group has strengthened its position in the Hungarian market and the Central European region. Gilles Sauret, Chairman of the Board of Directors of the Cofidis […]
There are already one million users of the REpont application developed for the mandatory return system of beverage packaging, two thirds of the registrants joined in July and August, MOHU MOL Waste Management Ltd. has told MTI. The REpont app, which has been one of the most popular apps on internet download sites for weeks, […]
ENVIRONTEC powered by ÖKOINDUSTRIA, the first international environmental, waste water and sustainability exhibition, opened on Tuesday at the Hungexpo fair and exhibition site, with almost 100 exhibitors from eight countries presenting their innovations and technological developments in the field. The three-day event, which will focus on the latest environmental innovations, will provide an excellent opportunity […]
Starting October 1, 2024, László Radványi will succeed Tamás Lőcsei as the new Country Managing Partner of PwC Hungary. Tamás Lőcsei will transition to overseeing key projects in Central and Eastern Europe (CEE) and driving local business development in Hungary, according to a press statement by PwC Hungary. László Radványi, who has been with PwC […]
Hungary's gold reserves have increased from 94.5 tons to a record 110 tons, taking into account long-term national and economic strategic goals, the National Bank of Hungary (MNB) told MTI on Monday. The increase in the gold reserve was justified by the fact that the precious metal has appreciated due to global economic, geopolitical and […]
It was the first time in the history of the International Travel Awards that a development won three awards: the Liget Budapest Project won first place in two categories: the World's Best Tourism Development and Europe's Best Family Friendly Development, while the Hungarian House of Music was awarded the title of Europe's Most Attractive Tourist […]
A consortium led by KDB Bank Europa Ltd., the Budapest-based subsidiary of South Korea-based KDB Bank, has provided EXIM Hungary with a EUR 120 million 3-year general financing loan, EXIM Hungary has told MTI. According to the statement, the fundraising negotiations with KDB Bank Europa Ltd. started in the fall of 2023, and in the […]
The tourism industry has been celebrating World Tourism Day on September 27 every year since 1980, at the initiative of the United Nations World Tourism Organization (UN Tourism), VisitHungary said in a statement on Friday. Recalling the social and economic importance of the sector, Visit Hungary pointed out that tourism provides a livelihood for some […]
The vast majority of companies believe they can meet their climate change commitments, but for most it could take decades, according to a survey by Ernst & Young (EY), which has published its findings in a statement. According to the survey by the international consultancy firm, almost 70% of companies in Hungary are confident that […]
After taking only a brief pause, the National Bank of Hungary (NBH) returned to its monetary easing path in September, cutting its key interest rate once again. The bank's latest forward guidance suggests a steady outlook on future rates, further fueling market expectations for another rate cut before the year is out. Hungary's decision to […]
