Business

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
23/10/2024

Forint plummets to over 403 against euro, hitting 2-year low

On Wednesday afternoon, the Hungarian forint dropped to over 403 against the euro, marking its weakest level since September 2022. #forint #euro #currency #money
23/10/2024

New Hungarian airline set to launch by late 2024!

A new Hungarian airline, Hungary Airlines, is expected to take off by the end of 2024, potentially receiving its operational license soon. #airline #airport #travel
22/10/2024

VIDEO, PHOTOS: Retro-themed hotel to open in Debrecen with a nod to the ‘60s and ‘70s

A new retro-themed hotel is set to open in Debrecen, bringing the nostalgic vibes of the 1960s and 1970s to Hungary’s second-largest city. #Debrecen #hotel #tourism
22/10/2024

Hungarian national bank’s latest decision strengthens the forint

The Hungarian currency reacted positively to the not-so-surprising decision. #forint #euro #economy
22/10/2024

23 October: Which stores will be open during Hungary’s national holiday?

There are some stores that will be open for those in need of essentials. Find everything you need to know about shopping on 23 October below. #shopping #23October #NationalDay #opening
22/10/2024

Hungary’s largest parcel network disappears: What it means for Hungary’s parcel delivery

Hungary’s parcel delivery landscape is undergoing significant change as the well-known Czech Packeta brand is set to disappear from the market. What does the future hold? #parceldelivery #webshop #shopping
22/10/2024

Hungarian wages continue to climb, real earnings outpace inflation

The average gross wage in Hungary rose 13.1pc year-on-year to HUF 628,800 (EUR 1,568) in August. #wage #money #economy
21/10/2024

Railway stations in major Hungarian cities to be completely rebuilt with private capital

On Monday, János Lázár, the head of the construction and transport ministry, said that the ministry is coordinating the revamp of ten busy railway stations. Lázár […]
21/10/2024

Hungary, Laos agriculture ties strengthening: Minister Linkham Duangsavanh visits Budapest

Sándor Farkas, a state secretary at the Agriculture Ministry, met with Laos' Minister of Agriculture and Forestry Linkham Duangsavanh in Budapest:
21/10/2024

BREAKING NEWS! Another huge tax hike from the Orbán cabinet: this time it’s on short-term rentals in Budapest

Short-term rentals in Budapest: with these austerity measures and tax increases, the Hungarian government is punishing Hungarian families!
21/10/2024

Hungarian farm groups slam European Union’s Common Agricultural Policy report

"European Commission's report on dialogue concerning the future of the European Union's Common Agricultural Policy (CAP) is unacceptable"
21/10/2024

Válasz Online: Is Orbán’s son-in-law on the brink of securing a big business?

His ventures, including real estate and solar farms, receive government support and inflated buyouts. #Orbán #investment #business #realestate #government
20/10/2024

New era for Hungarian transport: New national transport giant set to form

Hungary’s passenger transport sector is about to undergo a significant transformation in the coming weeks. #publictransport #travel #transport #bus #train #railway
20/10/2024

Airbnb effect: Budapest apartment prices start dropping after Airbnb ban

The price of apartments in Budapest's District VI has started to fall after the ban on Airbnb rentals. #property #rentals #Airbnb #Budapest
20/10/2024

Polish TVN in the crosshairs: Hungarian TV2 owner plans bold acquisition amid Russian influence fears

Hungarian investors are targeting Poland's top TV station, TVN, sparking concerns over foreign influence and media control shifts.
19/10/2024

End of an era: Iconic Budapest bistro Bálna closes for good

The iconic Bálna Terasz is closing after 10 years. The decision was not in their hands. #Bálna #Budapest
19/10/2024

Historic deal: Szeged in Hungary sells land to Chinese BYD for nearly EUR 30 million

Szeged has handed over the second parcel of land for the construction of Chinese EV maker BYD's plant. #Szeged #BYD #China #electriccar
18/10/2024

Hungarian forint at 4-month low against USD, further weakening ahead?

The Hungarian forint is at a 4-month low against the American dollar: the exchange rate stands around 370/USD these days. The last time it was that high was in June. What can we expect? #forint #usd #currencyexchange #hungarianeconomy #hungariangovernment