The housing construction market is picking up, but it is highly uneven across regions; for example, in Budapest, 83% of new apartments were built in just four districts during the first half of the year, as highlighted in an analysis by Mapei Ltd. Nationwide, 6,278 new homes were built in the first half of the […]
The Hungarian Minister for the Living Environment, László Gajdos, announced the launch of a probe of Hungary's battery industry in a post in a social media post on Tuesday. The probe, extending to the battery industry's entire supply chain, will scrutinize capacities, use of materials, emissions, water use and waste management, he said. According to […]
Home sales in Hungary fell 2.1% year-on-year to 9,292 in July, a monthly estimate by listed real estate broker Duna House shows. For the period January-July, home sales fell 9.7% year-on-year to 65,846. July saw the more subdued activity typical of the summer months in the Hungarian real estate market: 9,292 sales took place, which […]
There is enough motor fuel in Hungary; supply is secure and the goal is to ensure that it remains secure tomorrow and the day after tomorrow, the chairman-CEO of Hungarian oil and gas company MOL, Zsolt Hernádi has announced. He said water levels in the Danube, which provides both cooling and industrial water for the […]
Hungarian transmission system operator MAVIR, acting on orders from the government, will call on several dozen large industrial energy consumers to make voluntary cuts in their electricity usage, Prime Minister Péter Magyar announced in a social media post on Thursday. He said MAVIR will contact cement factories, car and battery manufacturers, chemical plants and other […]
Austria's Erste Group booked first-half net income of EUR 104m at its banking business in Hungary, down 24% from the base period as sectoral taxes — booked for the full year — weighed, an earnings report released on Thursday shows. Net interest income climbed 19% to EUR 243 million and net revenue from commissions and […]
Hungarian parliament approved the bill on Tuesday to establish the National Office for Asset Recovery and Protection (NVVH). The bill was passed with 143 votes in favor and 47 votes against. The explanatory memorandum to the legislation states that its purpose is to establish a legal framework that ensures the NVVH can effectively carry out […]
Lawmakers in Hungarian parliament on Monday elected Dr. Pál Sonnevend a Constitutional Court judge, with 138 votes in favor and 6 votes against. The new judge was elected in a secret ballot for a nine-year term. The election was necessitated by the ending of Csaba Hende's mandate as a judge following the 17th amendment to […]
The review of state-owned companies overseen by the Ministry of Economy and Energy is continuing, the ministry's head, István Kapitány, said in a social post on Saturday. The minister wrote that following the Eximbank review, "we are examining contracts and past decisions one by one, thoroughly, and in every case based on documents." He said […]
According to the latest MNB house price index by the National Bank of Hungary (MNB) for the second quarter of 2026, the annual growth rate in house prices has slowed across all types of settlements, the central bank reports on its website. In Budapest, following a 1.9% rise in the first quarter, house prices fell […]
Despite geopolitical risks, the oil price shock and the strengthening forint, assets held in Hungarian private banking accounts grew in the first half of the year. According to latest private banking survey by the financial website portfolio.hu, the total amount in the accounts of Hungary’s wealthy exceeded HUF 13,600 billion at the end of June. […]
Prime Minister Péter Magyar met in his office with Toshihiro Suzuki, the chairman-CEO of Suzuki Motor Corporation, on Thursday. Suzuki has been one of the most reliable foreign investors in Hungary since 1991, the prime minister said on social media. Péter Magyar added that he discussed further developments and investments with Toshihiro Suzuki, as well […]
Take-up on the industrial property market in and around Budapest reached 175,510 sqm in the second quarter, the Budapest Research Forum (BRF) said on Wednesday. New leases accounted for 18% of total demand, renewals for 44% and contracts for additional space for 12%. Pre-leases made up 26%. The vacancy rate in greater Budapest stood at […]
Hungary's first humanitarian aid package to earthquake-hit Venezuela has arrived in Caracas, Hungarian health minister Zsolt Hegedűs said on social media on Tuesday. The minister noted that over 5,000 people are known to have died in two quakes, measuring 7,2 and 7,5 on the Richter scale, on June 24, while over 16,000 people were injured. […]
Demand in the real estate market has been subdued this year, with sales volume down compared to last year; however, more properties priced above the average were sold in the first half of the year, real estate broker Duna House reported on Tuesday. According to their analysis, sales of residential properties priced above HUF 100 […]
