Business

01/10/2024

Hungarian housing market: Buyer demand reaches 2-year high

Government home subsidies, declining mortgage rates, and an improving economic situation have sparked a Hungarian housing market boom in 2024.
01/10/2024

Hungary’s largest steelworks in deepening trouble – liquidation started

"India's Liberty Steel, which acquired the steelworks in a liquidation procedure, has failed to fulfill its commitments."
01/10/2024

Number of jobseekers around historical low in Hungary

September figure was the lowest for the month in more than three decades! Details HERE:
01/10/2024

Hungary’s economic update: rising government deficit, PMI growth, and trade surplus increase

Hungary's government sector had a HUF 1,489 bn (EUR 37m) deficit in the first half! Deficit, PMI, Surplus trade details are HERE:
01/10/2024

Hungary’s parliament to start debating 2025 draft budget in mid-November

"The budget would be approved before Christmas"
30/09/2024

Hungarian Competition Office advocates connectivity at Balkan Competition Platform conference

Balkan Competition conference in Istanbul
30/09/2024

Wizz Air expands payment options and adjusts plans for Saudi expansion

A pack of both good and bad news from the Hungarian low-cost airline. #WizzAir #travel #tourism #airline
30/09/2024

Support from Brussels: Hungary to expand renewable energy in district heating with €238M investment plan

"Brussels" nods very large subsidy for district heating systems to reduce Hungary's gas dependence:
30/09/2024

Hungary’s factory gate prices see notable rise in August

Factory gate prices in Hungary rose in August, data released by the Central Statistics Office (KSH):
30/09/2024

Hungary’s tourism industry is booming: guest nights in August exceeded expectations

Which tourist destination has seen the biggest increase or decrease in visits? Hungary's guest nights in August - Find out here:
29/09/2024

Major delays at popular parcel delivery company in Hungary

Have you had any issue with Packeta recently? #delivery #Packeta
26/09/2024

2nd biggest Hungarian bank cooperates with Bank of China, inflation falls in Hungary

MBH Bank, Hungary's second-biggest commercial lender, and Bank of China Limited Hungary Branch have signed a memorandum of understanding. #mbhbank #bank #bankofchina #china #mbh
24/09/2024

Hungarian policymakers announce base rate cut

The Monetary Council of the National Bank of Hungary (NBH) decided to cut the central bank base rate by...
24/09/2024

EU agriculture ministers discuss streamlining administration

European Union agriculture ministers met in Brussels:
24/09/2024

Hungarian fashion brand Nanushka opens store in New York

Attention New York! Nanushka's new store blends modern design with the brand's Hungarian heritage:
24/09/2024

Head of the Competition Authority: CJEU ‘humiliates’ Hungarians with Spar ruling

The statement by the head of Hungary's competition authority is not objective, is that right for such an authority? #CJEU and #Spar criticism here:
24/09/2024

Morgan Stanley predicts euro could reach 410 forints amid worsening economic outlook

Morgan Stanley has forecasted a difficult period ahead for Hungary's currency, suggesting the euro-to-forint exchange rate could rise as high as HUF 410. #forint #euro #MorganStanley #money #economy
23/09/2024

Tourist buses to be banned from Buda Castle!

The new Fidesz leadership of Budapest's 1st district is preparing to ban all tourist buses from Buda Castle because they disturb locals. #budapest #touristbuses #tourism #travel #budacastle
23/09/2024

Tourism industry raises concerns over proposed ban on short-stay accommodations in Hungary

Is Hungarian tourism in danger? The government is considering a total ban on short-stay accommodations in Hungary, but...
23/09/2024

Hungary aims to reduce deficit with new fiscal measures, reports finance ministry

Hungarian government remained committed to improving balance indicators, read details HERE: