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13/11/2024
A lifetime of savings? Buying a home in Hungary became more challenging
An average earner in Hungary would need 69 months of income to buy a 60-square-metre second-hand apartment. #housing #Budapest #realestate
13/11/2024
Business
13/11/2024
Chinese EVE Power submits industrial safety report for battery plant in Hungary
Chinese-owned EVE Power Kft has submitted an industrial safety report for a battery plant it is building in Debrecen (E Hungary), the municipal council said on Tuesday. #China #car #battery #plant #Debrecen
13/11/2024
Business
12/11/2024
Hungarian national economy minister meets with banking association representatives
National Economy Minister Márton Nagy met with representatives of the Hungarian Banking Association on Tuesday to discuss lenders' participation in a government stimulus programme. #economy #szépcard #loan
12/11/2024
Business
12/11/2024
Budapest’s real estate market set new record in October
The effects of the recent restrictions on short-term rentals can already be felt. #realestate #rent #housing #Budapest #record #investment
12/11/2024
Business
12/11/2024
Employers, unions could reach wage agreement ‘in weeks’ in Hungary
An agreement on wages between employers and unions could be reached "within a few weeks", says Sándor Czomba. #wages #minimumwage #salary #employment #labourmarket
12/11/2024
Business
12/11/2024
Forint’s freefall: The dollar and euro take a toll on Hungary’s economy
With the forint now at a two-year low against the dollar, touching 385.88 forints per dollar, questions arise about the future of Hungary’s currency. #dollar #usd #euro #eur #forint #huf #currency #money #economy
12/11/2024
Business
11/11/2024
Hungarian baker couple winning awards in England – Their creations featured by the BBC: the M’s Bakery story
Meet the Hungarian bakers who took a chance, left home, and turned their love for baking into a UK success story! Check out the amazing story of Bournemouth's M's Bakery!
11/11/2024
Business
11/11/2024
Only once in 22 years has the October general government deficit been bigger than now
In October, the central sub-system of the general government accumulated a deficit of almost 1 billion euros, the second highest deficit in the last 10 months in decades:
11/11/2024
Business
11/11/2024
Chamber head launches consultations on minimum wage rise in Hungary 🔄
MKIK has launched broad consultations with the support of local chambers on next year's minimum wage rise:
11/11/2024
Business
11/11/2024
Hungary’s 2025 economic action plan unveiled: €9.8 billion to counter economic downturn 🔄
Forever optimistic! The government's optimism has not waned, with the 2025 budget and economic action plan coming, which will now really boost the Hungarian economy, ministers say:
11/11/2024
Business
11/11/2024
How PM Orbán’s tax treaty plans could benefit Hungarian expats in the U.S.
🇭🇺🇺🇸 The new tax treaty could thus ease the financial burden for Hungarians living in the United States, which could benefit foreigners with investments and income abroad ⤵️
11/11/2024
Business
11/11/2024
Hungary’s largest steel plant faces crisis: Indian Liberty and Government clash over blame
Liberty, the Indian owner, is looking to the Government for help, but the Government is calling attention to the company's obligations: #dunaújváros #india
11/11/2024
Business
11/11/2024
The Gellért Hotel rebirth: Orbán’s daughter aims to turn it into a luxury hub for super rich Asians
The legendary Gellért Hotel is undergoing a luxurious transformation, and Ráhel Orbán, daughter of Hungarian Prime Minister Viktor Orbán, is leading the charge. Check out our article for more information!
11/11/2024
Business
10/11/2024
Bad news came from the Hungarian economy again: industry in trouble
Output of Hungary's industrial sector fell 7.2pc in September, a first reading of data released by the KSH shows. Will the Hungarian economy, industry be put on a growing path again? #hungarianindustry #hungarianeconomy #ksh
10/11/2024
Business
10/11/2024
Forint strengthened, but the EUR/HUF exchange rate may exceed 500 in 2025
After Donald Trump's victory the Hungarian forint started to fall and reached even 412/EUR, which was a 2-year maximum. Now, the exchange rate is better but experts believe the rate can rise above 500 in 2025. #hungarianforint #forint #hungarianeconomy #donaldtrump
10/11/2024
Business
10/11/2024
Food courier crisis in Hungary: Labour shortage and opportunities for foreigners with KATA tax revisions
KATA tax reforms have reshaped Budapest’s food delivery landscape, cutting courier earnings and pushing many to leave or work long, gruelling hours. #Budapest #fooddelivery #couriers #labour #guestworkers
10/11/2024
Business
09/11/2024
Expansion of M1 motorway in Hungary reaches a new milestone – PHOTOS
Key upgrades to the M1 motorway include a widened layout, a new central barrier, enhanced greenery, and upgraded rest areas. #roadwork #M1 #expansion #motorway #car #traffic
09/11/2024
Business
08/11/2024
Good news: Hungarian OTP Bank earnings much higher than expected while MOL struggles
OTP Bank, Hungary's biggest commercial lender, booked consolidated after-tax profit of HUF 318.5bn in the third quarter, climbing 8pc from the base period after adjustments. #otpbank #mol
08/11/2024
Business
07/11/2024
VISUALS: Hungarian real estate developer Futureal to build Birmingham’s first purpose-built shared living environment
Boasting the feel of a junior hotel suite, residents will be able to retreat from the various shared amenities and enjoy real privacy, Futureal promises. #futureal #cordiauk #investment #realestate #property #development
07/11/2024
Business
06/11/2024
U.S. presidential election pushes forint to 2-year low
How will the outcome of the U.S. presidential election affect the Hungarian currency? Find out below. #forint #US #election #currency
06/11/2024
Business
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PHOTOS: Hungarian luxury hotel rises among Europe’s best!
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PHOTOS: Amrita Sher-Gil Cultural Centre marks 15 years of India-Hungary cultural ties
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Hungary’s housing market sees revival with rising prices and mortgage demand, central bank reports
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VIDEO: 100-year-old love letter discovered in Budapest confectionery box
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Hungary and Kazakhstan strengthen ties with 7 new agreements in business, agriculture, and science
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