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 […]
Budapest Mayor Gergely Karácsony inaugurated a memorial mark on the occasion of the 80th anniversary of the Holocaust on Boráros Square. The commemorative mark bears the names of the victims of the internment camp established on Csepel Island on the River Danube in the spring of 1944. The event featured a recitation by the actor […]
AVICO’s latest residential project, Spring Garden, is taking shape in one of the greenest parts of Angyalföld (Budapest's 13th District), directly adjacent to the Rákos Stream. The development includes 218 flats and will rehabilitate the entire area between the new buildings and the stream, transforming it into a spacious, continuous urban park, according to a […]
The AutoWallis Group’s Retail Business Unit increased new vehicle sales by 13% thanks to international acquisitions closed last year, while the Distribution Business Unit’s sales showed a year-on-year decrease in the first quarter, mainly due to one-off effects. The regional car sales and mobility service provider’s used vehicle sales skyrocketed, showing growth of more than […]
Budapest Spas cPlc. surpassed all previous records in 2024, with annual net sales of nearly HUF 26.3 billion, up from HUF 23 billion in 2023, and a profit after tax of more than HUF 6.2 billion, compared to HUF 5 billion in the previous year, the company told MTI on Friday. They stressed that the […]
At the national level, the real estate network Otthon Centrum (OC) has measured a 50% price increase in the Hungarian building plot market in one year. According to the summary sent to MTI on Wednesday, the average price of building plots increased to HUF 21,500 per square meter last year. In absolute terms, building plots […]
Buyer interest in prefabricated apartments has halved, after the average price per square meter of these properties rose by 30% in the first quarter compared to the previous three months, and now exceeds HUF 1 million, real estate broker Duna House told MTI on Monday. They pointed out – based on their own data – […]
