Mapei Ltd. is investing HUF 8 billion to build a new production line for roofing materials and a 12,000-square-meter warehouse in Hungary, the company, which manufactures and distributes building materials, told MTI on Wednesday. The development, to be completed by 2025, will be able to supply not only Hungary but also the region with high-quality […]
The EFOTT and the Campus Festival attracted a large number of guests this July, the Hungarian Tourism Agency (MTÜ) told MTI. EFOTT, originally launched as the National Tourism Meeting of University and College Students, was again hosted in Sukoró, near Lake Velence, southwest of Budapest, where almost nine thousand guest nights were spent between July […]
The AutoWallis Group is expanding its services portfolio in one of the mobility market’s most dynamically growing areas, after acquiring ownership of the company (Wallis Autómegosztó Plc.) that operates Share Now in Hungary. As one of the most significant vehicle share service providers on the market, Share Now plans to continue dynamic growth with the […]
The volume of Hungarian exports increased by 3.9% in May 2023, while that of the country's imports decreased by 1.3% compared to the same period of the previous year. The surplus was EUR 1.1 billion, the balance improved by EUR 1.4 billion year-on-year, the Central Statistical Office reported on Monday. Compared to April, the seasonally […]
The Panorama Terrace of the Money Museum in Budapest attracted 10,000 visitors in the first month after its opening, the museum told MTI on Thursday. According to the statement, the exceptionally high number of visitors was also helped by the audience of the Night of Museums, when about 3,000 visitors were welcomed. As they recall, […]
Almost 400,000 people visited Hungexpo Budapest Congress and Exhibition Center's events in the first half of the year, with several exhibitions breaking the previous record for the number of visitors, Hungexpo told MTI on Monday. The event organizer said that the record-breaking AGROmashEXPO at the beginning of the year attracted almost 44,000 visitors to the […]
Tens of thousands of people – participants of this year's Budapest Pride – celebrated diversity by marching from the City Park towards the downtown area of Budapest and back to the City Park this Saturday afternoon. Their cause was supported by a statement signed by dozens of embassies and foreign cultural institutes. The march featured […]
The chocolate factory in Szerencs, NE Hungary celebrates its 100th anniversary. The centenary is celebrated in several stages in the town. In honor of the anniversary, one of the factory's iconic sweets, the cat's tongue, will also appear on a stamp. He added that thirty-six stampable sheets of the cat's tongue-shaped adhesive stamp have been […]
The value of Hungarian exports was 5.2% higher, while that of import 5.4% lower in EUR terms in May 2023 than in the same period of the previous year, the Central Statistical Office reports. The balance of the external trade in goods improved by EUR 1.3 billion. Compared to the previous month, the level of […]
In an exclusive interview with Andrea Solti, President of the Hungarian Business Leaders Forum (HBLF) and Country Chair of Shell Hungary Plc., Diplomacy&Trade explores HBLF's commitment to championing social causes and promoting diversity and equality in the business sector. With a focus on HBLF's involvement in the European Diversity Month, she sheds light on the […]
From Thursday to Sunday evening, the international festival celebrating the 120th anniversary of Harley-Davidson takes place at the Puskás Arena Park in the Hungarian capital with all kinds of activities from morning till night. The largest motorcycle parade in Budapest's history took place late morning and early afternoon this Saturday with 6,000 riders marching through […]
HelloParks has expanded its warehousing capacity in Fót and Maglód, both just outside Budapest, and six companies have agreed with the developer to lease almost 18,000 square meters of space in the 26,000-square-meter and 46,000-square-meter buildings, the industrial real estate developer told MTI on Wednesday. The two new warehouses of HelloParks were inaugurated in the […]
The National Bank of Hungary (MNB) has cut its key lending rate by 1 percentage point to 16%, while leaving the base rate unchanged at 13%. The latter is expected to be lowered when the two converge. According to central bank vice-president Barnabás Virág, there are already signs of improvement in inflation, with a figure […]
The global market for mergers and acquisitions (M&A) set a new record for the number of deals in 2022, but the total value of deals was 30% lower than in 2021, according to a new study by the accounting firm Deloitte. The number of transactions hit a decade high, with 44,765 deals last year, up […]
The real estate market experienced a long-unprecedented momentum in May, with investment in the capital and moving to larger properties in rural areas motivating buyers, while nationwide, demand was focused on good condition apartments, real estate brokerage firm Duna House said on Monday. According to its estimates based on the company’s own data, 10,187 sales […]
