Business

01/11/2024

Struggling German carmaking industry may ruin PM Orbán’s economic dreams and election chances – UPDATED

The German carmaking industry is struggling, and that has a devastating effect on Hungary's economy and PM Orbán's 2026 election chances. #germany #hungarianeconomy #hungarianindustry #2026elections
01/11/2024

Construction sector seeks financial relief and expanded programs to bolster home building in Hungary

Government schemes supporting home constructions and renovations strengthen the public's confidence, construction industry association ÉVOSZ said. #construction #housing #realestate #property
31/10/2024

Historic expansion set for M1 motorway in Hungary: 2×3 lane widening project launches

While preparatory activities will undoubtedly impact traffic, steps are being taken to ensure minimal disruption. #motorway #traffic
31/10/2024

Major shift in Budapest: District council approves ban on short-term rentals, package for affordable housing adopted

The local council of Budapest's District VI, in the city centre, voted on a short-term rental ban from 1 January 2026 at a meeting on Thursday. #property #housing #rents #realestate
31/10/2024

Forint in uncontrolled decline, crossing multiple lows: when will it stop?

The Hungarian currency even reached the 409 level against the euro today. #forint #euro #money #currency
31/10/2024

AutoWallis Group opens first Renault and Dacia dealership in Budapest

Listed car seller AutoWallis Group announced the opening of its first Renault and Dacia dealership in Budapest on Wednesday. #AutoWallis #dealership #Renault #Dacia
30/10/2024

No stopping: Hungarian forint hits another record low after weak GDP report

Today’s GDP report shocked investors, triggering a further plunge for the forint. #economy #forint
29/10/2024

Forint hits new low: Weakest since 2022 amid economic struggles

The Hungarian forint has plunged to its weakest rate against the euro since December 2022, sparking concern among economists. #forint #euro #dollar #economy #money
29/10/2024

Fuel prices in Hungary set to soar as government plans new tax hike on gas stations

The government is planning a tax increase that could soon drive up fuel prices significantly in Hungary. #fuel #petrol #diesel #car
29/10/2024

National Bank of Hungary: Maintaining banks’ strong capital position ‘pivotal

The National Bank of Hungary (NBH) acknowledged a reduction in overheating risks. #bank #finance #report #NBH
28/10/2024

Chinese EVE Power battery plant IPPC permit submitted in Hungary

China's EVE Power has submitted the application for an Integrated Pollution Prevention and Control (IPPC) permit for a battery plant. #Debrecen #batteryplant #EVEPower #China
27/10/2024

IMF: Hungarian economy will be a frontrunner in the EU next year

The International Monetary Fund (IMF) forecasts the Hungarian economy will be a frontrunner in the European Union next year, the Finance Ministry said on Friday. #imf #hungarianeconomy #europeanunion #forecast
27/10/2024

Hungarian forint breaks currency exchange level, additional weakening on the horizon

An exchange rate level above 410/EUR is imaginable due to the external threats and the struggle of the Hungarian economy without EU funds or because of Trump's possible victory. #hungarianeconomy #hungarianforint #forint
27/10/2024

Romanian press: Orbán’s son-in-law to purchase high-end office building in Bucharest

Do you think this cross-border expansion will benefit both countries, or does it raise questions about transparency and public funds? #Romania #investment #realestate #officebuilding #business
26/10/2024

Trump’s triumph could mean PM Orbán’s defeat and a government change in 2026

PM Orbán hopes Trump will end the war in Ukraine and lower US and EU pressure on Hungary; however, he may lose the 2026 elections because of Trump. #donaldtrump #viktororban #2026elections #hungarianeconomy
25/10/2024

After historic lows, Hungary’s forint faces possible further decline with today’s S&P credit rating – UPDATED

Hungary's national currency is struggling and is highly volatile in response to external shocks. It appears though that a Harris administration could help strengthen it. However, the Orbán cabinet is placing all its bets on Trump. Will the forint's future be bleak? #forint #hungarianeconomy #trump #harris #orbancabinet #s&p
25/10/2024

Addressing Budapest’s housing crisis: Proposal to restrict home purchases by non-EU nationals

What do you think – what solutions would best help address Hungary’s housing challenges? Let us know your ideas below! 🏘 #housingcrisis #realestate #Budapest #tax #rent
24/10/2024

Budapest’s ticket machines to get a modern makeover, busy flyover renovation begins

The upcoming developments promise a smoother, more convenient travel experience in Hungary’s bustling capital. #Budapest #BKK #tickets #renovation
24/10/2024

Hungarian finance minister calls for bigger role of development banks in crisis management at G20 meeting

Finance Minister Mihály Varga said international development banks needed to play a bigger role in managing crises. #developmentbank #finance #money #g20
24/10/2024

Iconic Hotel Gellért undergoes grand restoration with luxury operator set to take over

Once completed, the hotel will be operated by the world-renowned luxury brand, Mandarin Oriental Group. #hotel #Gellért #Budapest