Indotek Group, one of Hungary's leading real estate investment and asset management companies, is expanding its Western European office network with a new office in Vienna. Indotek has been expanding in Western and Southern Europe for more than a decade, and the opening of the Austrian office will bring the group even closer to German-speaking […]
Around HUF 300 million of tourism investments are starting in Makó (SE Hungary) involving funds from the European Union, the local municipality told MTI. According to the announcement, part of the project involves renovating the dilapidated outdoor stage and auditorium of the Hagymaház ('onion house') spa in order to revive the Makó Summer program series. […]
National Bank of Hungary (MNB) governor Mihály Varga underscored the impact cooperation and exchanges of experience between central banks could have on economic stability in the region at the 7th joint conference of the Hungarian and Polish central banks in Warsaw. In a statement issued by MNB on Friday, Varga acknowledged the results achieved in […]
Third-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 4% year-on-year to HUF 330.5 billion, an earnings report published ahead of the opening bell on Friday shows. Net interest income increased 10% to HUF 489.0 billion. Net revenue from commissions and fees climbed 11% to HUF 152.7 billion. For the period Q1-Q3, after-tax […]
WING, one of Hungary’s leading real estate development and investment groups, received prestigious recognition in two categories at the 2025 Portfolio Property Awards Gala. The company’s Liget Center Vitrum development was named Office Building of the Year, while its Polish subsidiary’s Resi4Rent transaction earned the title of Foreign Real Estate Investment Transaction of the Year. […]
Green number plates were issued for 25,500 all-electric cars in January-October this year in Hungary, the Energy Ministry said in a post on social media on Thursday. The Ministry noted that the new annual record for green number plates could exceed 30,000 units this year. The number of green number plates issued to all-electric vehicles […]
Hungary's MOL Group called for tangible actions to restore Europe's industrial competitiveness, warning that high energy costs, regulatory complexity and burden along with the increasingly fragmented markets were putting the continent's long-term prosperity at risk, in a statement issued on Wednesday. In the statement, the company advocated for a 'European Minimum of Competitiveness' a shared […]
The National Bank of Hungary (MNB) is issuing a silver collector coin with a face value of HUF 20,000 and its non-ferrous metal version of HUF 3,000 on the 200th anniversary of the founding of the Hungarian Academy of Sciences. In addition to the collector coins, the MNB is issuing one million copies of a […]
Hungarian real estate developer WING Group has signed an agreement with GTC for the purchase of a development site located at 173–177 Váci Road, one of Budapest’s main business corridors, covering more than 2.1 hectares, the Group says in a statement. According to the plans, approximately 470 modern apartments and a 23,000-square-meter modern office building […]
In the first three quarters of 2025, 7,490 new dwellings were built in Hungary, 14% fewer than a year earlier. The number of dwellings to be built based on issued construction permits and simple declarations was 19,947, 37% more than in the same period of 2024, the Central Statistical Office reports. In quarters 1-3 2025, […]
Hungary has promulgated its first law on artificial intelligence, the Ministry of National Economy Ministry said on Saturday. With the act, the government aimed to establish a legal framework for the safe, transparent and responsible use of AI, Szabolcs Szolnoki, the deputy state secretary for technology, said in the statement. In addition to implementing the […]
A record number of 317,000 travellers spent 611,000 guest nights at tourism accommodations over the four-day weekend for the October 23 national holiday, Visit Hungary said on Friday. According to the announcement, Hungarians were particularly keen to travel, with more than 61% of guest nights coming from Hungarian guests: 184,000 set off on trips and […]
Dunaújváros, located on the banks of the River Danube south of Budapest, is an industrial town and wants to remain so, according to a representative survey conducted among the local population. The vast majority of Dunaújváros residents believe that new industrial investment would help the town, which has fallen on hard times following the collapse […]
The 10th Budapest Jewelry Week kicked off this Monday. Until November 9, the public can view more than 25 exhibitions by nearly 100 artists. This year, the professional workshops and lectures are organized by the participating jewelry designers, who are also having guided tours and workshops on various topics, as well as performances, in order […]
The number of new passenger car registrations in Hungary rose 7.7% year-on-year to 95,946 in January-September, data compiled by the European Automobile Manufacturers' Association (ACEA) show. Hybrid electric and plug-in hybrid vehicles accounted for 55% of sales, cars with petrol engines made up 24% and vehicles with diesel engines 12%. Fully-electric vehicles accounted for 8% […]
