Rába will not pay dividends and will allocate last year’s profit to retained earnings, the Győr-based vehicle manufacturer announced on the Budapest Stock Exchange’s website following its annual general meeting. The decision is in line with the proposal of the board of directors of Rába Automotive Holding Plc. The general meeting made this decision based […]
The number of new passenger car registrations in Hungary rose 10.8% year-on-year to 36,455 in January-March, data compiled by the European Automobile Manufacturers' Association (ACEA) show. Hybrid electric and plug-in hybrid vehicles accounted for 62% of sales, cars with petrol engines made up 20% and vehicles with diesel engines 9%. Fully-electric vehicles accounted for close […]
Hungary's commercial property market is past its cyclical low point, but weak economic growth is holding back a recovery and geopolitical uncertainty is weighing on outlooks, the National Bank of Hungary (MNB) said in a report on the market released on Tuesday. The report augurs an increase in the vacancy rates on the office and […]
HungaroMet, the national weather service, on Tuesday said it will establish Hungary’s first climate adaptation network to support the European Union's Mission on Adaptation to Climate Change. The network aims to foster broad cooperation by connecting sectoral and regional stakeholders, they said. The initiative, part of the EU-funded AdaptationHubs project, will align with similar networks […]
According to the Hungarian Association of Digital Companies (IVSZ), Hungary’s future depends on the knowledge-based transition. In its statement, the organization announced that, as a professional partner, it supports decisions that can make the country one of the region’s leading technology hubs. The statement quotes IVSZ president Balázs Vinnai who said that failing to achieve […]
Economic research institute Kopint-Tárki is predicting that GDP could grow by 2% this year, the head of the institute, Éva Palócz has announced. The institute sees inflation averaging 3.5% in 2026. According to the macroeconomic report published by Kopint-Tárki, the change in government is "creating a new economic framework." The investment-stimulating effect of European Union […]
A measure of business confidence by the Confederation of Hungarian Business (VOSZ) rose to 54% in the first quarter, Ákos Kozák, the director of the Balance Institute, which helps prepare the index, announced. Among the sub-indices of the VOSZ Barometer, the measure of business sentiment rose 3 percentage points from the previous quarter to 61%. […]
The Hungarian Academy of Sciences (MTA) "agrees with the main goals outlined in the program of the Tisza party" and wants to ensure Hungarian researchers gain access to European cooperation and funding as a priority, the academy said in a statement on it website. It added that the autonomous and transparent operation of universities was […]
The Danube boating season has begun, and in addition to sightseeing cruises, several scheduled and special-event boat trips are now available, Mahart-Passnave Ltd. announced to MTI on Thursday. According to the announcement, the Budapest-Szentendre-Budapest sightseeing boat and the hop-on circular route on the Visegrád-Nagymaros-Zebegény route are already in operation, and the Esztergom, Visegrád-Esztergom, and Budapest-Szentendre-Visegrád […]
It is Europe's shared responsibility to ensure future generations learn from the sins of the past, understand their context and reflect on their consequences, the deputy state secretary for civil and social relations, Vince Szalay-Bobrovniczky said, marking the Memorial Day of the Victims of the Hungarian Holocaust on Thursday. Speaking at the Holocaust Memorial Center, […]
The shopping center-focused real estate investment company Urban Plaza Plus Plc. is trading in the standard category of the Budapest Stock Exchange (BSE) on a euro basis, and its listing was celebrated with a symbolic opening bell at the BSE headquarters in Budapest on Thursday. Tibor Tóth, CEO of the Budapest Stock Exchange, said: the […]
The President of the League of Trade Unions (Democratic League of Independent Trade Unions), Dr. Melinda Mészáros sent a letter to Péter Magyar, the leader of the election-winning Tisza Party, stating that the leadership of the League is initiating cooperation with the new government, the union told MTI on Wednesday. They justified the cooperation by […]
In the first three months of this year, retail sales of gasoline and diesel in Hungary were up 8.1% and 13.3%, respectively, compared to the same period last year; total fuel consumption thus rose by an average of 11.3%, the Hungarian Petroleum Association (MÁSZ) told MTI on Wednesday. Total consumption was 980 million liters in […]
The Hungarian Banking Association and the Confederation of Hungarian Business (VOSZ) both congratulated the Tisza Party on its election victory and offered cooperation to the new government. The Hungarian Banking Association said in a statement that "the Tisza Party's unequivocal victory could open a new chapter for European integration and the development of the Hungarian […]
Budapest Airport, Hungarian capital’s Ferenc Liszt International Airport ans also part of the VINCI network, presented this Friday a donation of HUF 250 million to the Heim Pál National Pediatric Institute. The support is part of a comprehensive noise protection strategy; in addition to the donation just presented, Budapest Airport is allocating an additional HUF […]
