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 […]
On June 10, the Hungarian Interchurch Aid (HIA) invited everyone to a picnic and a demonstration of local hop production in Kastélyosdombó, in the castle park of the Erdődy Castle, which is also the seat of the regional headquarters of the Hungarian Interchurch Aid. The event, called ‘Hops Tour in Kastélyosdombó’, was supported by HEINEKEN […]
Masterplast Plc. and Market Építő Plc. have announced on the website of the Budapest Stock Exchange (BSE) on Friday that they have established a joint venture to develop and manufacture new building materials for Master Plaster and Master Builder Construction. The two companies had a strategic cooperation agreement on the establishment of Budapest-based MIP Alapanyaggyártó […]
The first phase of Skanska's H₂Offices has set an impressive environmental benchmark, earning a Platinum Leadership in Energy and Environmental Design (LEED) Core and Shell version 4 certification with 84 points, which is currently the highest score in Hungary. A statement by Skanska points out that this achievement sets a new standard in sustainable office […]
Budget airline Wizz Air expects heavy passenger traffic and higher fares this summer. The airliner is also expecting higher revenues in the 2023-2024 financial year, after posting a loss of EUR 535 million last year, according to the company's annual report. The business news website napi.hu reports that Wizz Air's net profit for the 2023-2024 […]
DENSO Gyártó Magyarország Ltd., the Hungarian subsidiary of DENSO Japan, which has been operating in the city for 25 years, has donated a four-seasonal themed garden to the city. The newly inaugurated Japanese garden is located on the island of Csónakázó Lake in Székesfehérvár. The company, founded in 1997, wanted to create a lasting memorial […]
Consumer prices were 21.5% higher on average in May 2023 than a year earlier, MTI has quoted official figures published by the Central Statistical Office (KSH). In one month, consumer prices decreased by 0.4% on average. The highest price rises were measured for electricity, gas and other fuels as well as food over the last […]
The Veszprém site of Continental Automotive Hungary Ltd., which is celebrating its 30th anniversary this year, has reached the one billion sensor production mark, the company told MTI. The Hungarian subsidiary of the German automotive group said in a statement that thanks to the developments of the past decades, the Veszprém site, which is already […]
Kim Jin Phyo, Speaker of the National Assembly of the Republic of Korea and László Kövér, Speaker of the Hungarian National Assembly lay a wreath at the Mermaid shipwreck memorial at the Pest end of the Margaret Bridge, paying tribute to the South Korean and Hungarian victims of the tragedy. On May 29, 2019, the […]
