Housing prices rose by 2.5% in October compared to a month earlier, compared to a monthly increase of only 0.9% in September; the year-on-year increase accelerated from nearly 7% in September to almost 10% in September, according to the latest housing price index from the Hungarian real estate site ingatlan.com. According to the portal's Thursday […]
The Corvinus University of Budapest and KPMG, an audit, tax and business consulting firm, have signed a strategic agreement, a three-year partnership document signed by Bruno van Pottelsberghe, the university's president-rector, and Rezső Rózsai, the company's CEO, KPMG has told MTI. According to the information, the partnership serves to ensure that the latest technologies and […]
MBH Bank Plc. is further increasing its stake in Fundamenta-Lakáskassza Plc. after signing a sale and purchase agreement with Generali Biztosító Plc.. for the purchase of a 14.88% stake in the housing savings bank; after obtaining the necessary regulatory approvals, the credit institution will hold a total of 91.23% of the company. MBH Bank said […]
The Shopper Park Plus Group's profit after tax for the first nine months of 2024 amounted to EUR 16.1, significantly higher than the EUR 8.3 million profit in the same period of the previous year, due to a property revaluation gain, also due to new leases signed. The SPP Group's gross profit improved by 10.5% […]
On Friday, the Budapest Stock Exchange (BSE) commemorated the 30th anniversary of the listing of the pharmaceutical giant Richter Gedeon Plc. with a ceremonial opening bell Participation on the stock market has made a significant contribution to the success of the pharmaceutical company both at home and abroad, a BSE statement to MTI said, explaining […]
The Hungarian-Chinese Investors Roundtable (MKBKA) was established at the end of October with the participation of key business players and business interest groups in order to ensure the efficient and successful implementation of Hungarian and Chinese cooperation, the body told MTI on Thursday. The Hungarian-Chinese Investors Roundtable is an independent group of experts that helps […]
MOL Plc. has notified the capital markets on the website of the Budapest Stock Exchange that third Vecsés oil well (just outside Budapest), adds another 600 barrels of oil a day to MOL's Hungarian production. In the Vecsés oil field, discovered two years ago, there are three wells already operating. They produce about 4,000 barrels […]
The Casa del Caffé Vergnano, a Coca-Cola-owned company, has become a catering partner of the Félegyházi Family Bakery, which can now develop its services with a premium coffee brand, the Italian coffee company has told MTI. Based on the long-term cooperation, Coca-Cola HBC Hungary will support the bakery with modern equipment, expert advice, professional training […]
The Real Estate Developers Round Table (IFK), an association of the largest Hungarian real estate developers, has called attention to the over-design of Hungarian "A" and "B" class office buildings, their oversized energy capacities and the resulting higher operating costs and carbon emissions. Together with the ABUD Engineering Office, the interest grouping has formulated professional […]
Krisztina Bogdán has been appointed the new CEO of ING Bank from November 4, 2024, taking over the post from Gyula Réthy, the bank's interim CFO since July 1, after Tibor Bodor, CEO, left the bank at the end of June, the company told MTI on Monday. With more than 25 years of experience in […]
At the World Expo 2025, which will be held between April 13 and October 13, 2025 with the participation of 161 countries and 9 international organizations, the Hungarian pavilion will mainly be responsible for the development of the country's image and the presentation of Hungarian gastronomy. The Expo 2025 Hungary Nonprofit Ltd. sent a statement […]
The Budapest Real Estate Consultants' Forum (BIEF, BRF), which comprises CBRE, Colliers, Cushman & Wakefield, ESTON International, iO Partners and Robertson Hungary, has published its industrial/logistics real estate market data for Q3 2024. The statement points out that the total modern industrial stock in Hungary amounted to 5,292,750 sqm at the end of Q3 2024. […]
One in six people in the world live with some kind of disability, but it is not always easy to see for outsiders. This year, Budapest Airport, the management company of the Hungarian capital’s Ferenc Liszt International Airport, has launched several initiatives at the airport to make travelling more pleasant and relaxing for people with […]
The number of bottles and cans returned under the new recycling system has reached half a billion this week, Mol's waste management concession company MOHU has told MTI. The statement said that MOHU's goal is to recycle at least 90% of beverage packaging in Hungary, where it is estimated that more than 3 billion beverage […]
Developing financial literacy and self-care is of paramount importance in improving the quality of life, especially in social groups where adults, even if they have their own income, lack financial security. The Hungarian Interchurch Aid organization (HIA) and Provident Financial Ltd. have been working together as strategic partners for two years now to give as […]
