With the rise of trends such as the globalisation of business, teleworking and coworking, the technologies to support employees have evolved significantly, changing the physical space they need. Smart building technologies are becoming a key enabler in more and more offices because the connectivity they provide allows employees to make more efficient use of space […]
Indotek Group, a Budapest-based European real estate investment and asset management company, has acquired the Espacio León shopping center owned by US fund management company Blackstone Inc. for almost EUR 50 million, the real estate investor told MTI on Monday. According to a statement from Indotek, the acquisition of one of the leading retail centers […]
Rossi Biofuel Plc., partially owned by the Hungarian oil and gas company Mol, is already capable of producing more than 200,000 tons of biofuel per year. A statement issued on the occasion of the International Day of Biodiesel points out that the Mol Group, through its long-term strategy called "shape tomorrow," is increasingly focusing on […]
Based on the number of transactions, the previous month was the strongest month on the real estate market this year, surpassing July 2023 and 2022, the real estate broker Duna House announced. According to the real estate broker's estimate, 11,538 residential properties changed hands in July, which is an increase of 23.7% in monthly comparison […]
The fact that the time required to sell residential properties has decreased clearly shows the revival of the housing market, the Hungarian real estate site ingatlan.com reported. Based on their data, the apartments offered for sale in the second quarter were sold in an average of 94 days, while in the first quarter it took […]
Hungarian FloeWater's bottled water was a major success on the international market, winning the prestigious Monde Selection gold medal. This new, revolutionary product, which appeared on the market this year, was also proven before the experts of the food certification institute, the company said in a statement. Operating since 1961, Monde Selection, one of the […]
The four new boats of Balatoni Hajózási Zrt. (Bahart Plc.) received prestigious international recognition just a few months after they were put in operation. The new boats won the world's most prestigious design award, the RED DOT Design Award, as well as the renowned international iF Design Award. The former can be won by excellence […]
The German do-it-yourself machine manufacturer Einhell, which has until now only carried out commercial activities in Hungary, is building a factory in the country, the Hungarian Investment Promotion Agency (HIPA) reports. The opening of a new facility employing 80 people marks a new chapter for Einhell, the German producer of battery-powered DIY and garden tools. […]
The new investment of about HUF 21 billion by BC GEN Hungary Ltd., an automotive supplier company with a South Korean ownership, will create four hundred new jobs in Salgótarján, Minister of Foreign Affairs and Trade Péter Szijjártó announced in Budapest. The development is supported by HUF 3.75 billion in Hungarian state subsidy. According to […]
Daniella Electricity further strengthens its market leader role in the region of Pécs by acquiring Elektro UNO's electrical products trading business unit. The transaction took place in June 2024, as a result of which the electrical products trading business unit of the long-established Elektro UNO, with 6 sites, will continue to operate under the Daniella […]
MVM Mobiliti handed over its first charging station with a total capacity of 600 kilowatts in Törökbálint, just west of Budapest. The station was implemented with support from the European Union. The development was implemented in the MVM Ultra project, with funds supported by CINEA (European Climate Policy, Environmental Protection and Infrastructure Executive Agency) of […]
Debrecen International Airport closed on Thursday evening due to technical reasons foreseeably for one week, and Budapest Airport takes over the handling of flights and passengers from Debrecen. Passengers who would have departed from Debrecen will be informed by their airline whether their flight will be diverted or canceled. For Budapest Airport, the diversions are […]
The foreign minister welcomed the Chinese leadership’s support for the further enhancement of cooperation. Péter Szijjártó, Minister of Foreign Affairs and Trade, said Hungary’s economic, trade and investment cooperation with China will provide a “solid foundation” for the country’s economic growth in the coming years. Speaking in Beijing, the minister welcomed the Chinese leadership’s support […]
IP WEST office building has become the first existing building in Hungary to achieve WELL certification, following a comprehensive renovation. Unique for obtaining the WELL Core certification under version 2 of the WELL Building Standard, which focuses on property services and common areas, IP WEST has earned a Gold level rating, as reported by Colliers' […]
Thanks to its developing relations with the Far East, Hungary plays a prominent role in the relations between China and the EU, according to the Minister of National Economy. Speaking at the EU-China tourism summit in Budapest on Wednesday evening, minister Márton Nagy was of the view that that during his EU presidency, which began […]
