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 […]
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 […]
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 […]
For small businesses, an online presence is essential, which has become a key competitiveness factor in recent years, said Tamás Sipos, head of Magyar Telekom's small and medium-sized enterprises (SME) segment, presenting the results of a representative survey conducted by Ipsos on behalf of Telekom at a press conference in Budapest on Wednesday. Those who […]
Brand loyalty is less and less influential in consumer decisions, but value for money is more important than ever in retail, the international consultancy firm Ernst & Young (EY) told MTI on Tuesday. According to a survey by the consultancy, a third of shoppers do not even look at brand names, and two-thirds do not […]
Thousands of cyclists gathered on Saturday afternoon in front of the Városháza Park (City Hall Park) in the downtown area of the Hungarian capital to participate in the 10th I Bike Budapest parade. The aim of the event was to raise awareness of the state of cycling in Budapest and to demonstrate for a better […]
Residential property sales in Budapest, the county seats and county-level cities were significantly shortened in the first quarter of this year, according to the latest analysis by the property website ingatlan.com. According to the summary sent to MTI, the extremely buoyant demand is shown by the fact that owners of residential property in Budapest found […]
The National Bank of Hungary (MNB) said in a report published on Thursday that the commercial real estate market may be on the verge of recovery, having moved from a multi-year low in both domestic and regional data last year. Speaking at a press conference in Budapest on the state of the commercial real estate […]
Despite geopolitical tensions, weak global growth and changes in the regulatory environment, the Mol Group closed the 2024 financial year with a stable result, meeting its financial targets, the Group's CEO, Zsolt Hernádi said at the company's annual general meeting in Budapest on Thursday. Zsolt Hernádi noted that despite the decline in the financial result, […]
The National Bank of Hungary (MNB) continues its successful series of collector coins featuring Hungarian national parks. In honor of the Aggtelek National Park, which is celebrating its 40th anniversary this year, the Bank has issued a silver collector coin with a face value of HUF 20,000 and its non-ferrous metal version with a face […]
Last year, 3,647 applications for the purchase of real estate in Hungary were submitted by foreign nationals from outside the European Union, which is 23% more than a year earlier; the last time similar activity was seen was before 2019, the real estate broker Duna House told MTI on Tuesday. According to Duna House's analysis, […]
Easter Monday, which is a holiday in Hungary, is a day of celebration of profane human joy, especially youth. Over the years, this day has become more and more about symbolic customs than about going to church, and sprinkling of girls by boys, which has changed a little, but still retains its roots. Folklore has […]
Despite the economic difficulties, the economic indicators of Hungary's BioTechUSA Group improved last year, with the turnover of one of Europe's largest manufacturers and distributors of dietary supplements rising to HUF 93.7 billion, the company told MTI on Thursday. It said the wholly domestically owned group increased its turnover by 3.5%, while its EBITDA rose […]
The French ESSCA School of Management International's Hungarian Campus, which is ranked at the top of the Financial Times' management training rankings and is recognized as the "Triple Crown" of the profession, has hosted a prestigious international afternoon this Wednesday with former Peruvian Ambassador Péter Kraft, owner and creative director of the Hungarian Value certified […]
