HungaryTrends – The week in business and finance

Photo: MTI/Bodnár Boglárka

See below the main business and financial news from the previous week:

McDonald’s delivery has launched in Budapest!

American fast-food chain McDonald’s has launched its long-anticipated delivery service in the Hungarian capital. Read more HERE.

NEW Hybrid Hotels in the Hungarian hospitality industry – PHOTOS

Hungarian tourism is experiencing its heyday. The industry is steadily increasing since 2010, every year more and more foreign travellers choose our country as their target destination; additionally, domestic tourism is also showing an increasing tendency. As a result of which, new hotels are continuously being constructed in the country. Read more HERE.

Hungary among the greatest cherry producers

Hungary is a major power in cherry production; however, the consumption of the healthy fruit is negligible; that served as the driving factor of initiating the campaign “Ez most nagyon meggy!”. The name of the project is a Hungarian word-play which aims to enhance Hungarian cherry consumption, realised by the Ministry of Agriculture (AM) and the Agricultural Marketing Center (AMC). Read more HERE.

Hungary home prices climb at fastest clip in EU

Home prices in Hungary rose by 11.3 percent year on year in the first quarter, faster than in any other European Union member state, data released by Eurostat showed. Home prices in the Czech Republic rose by 9.4 percent during the period, the second-highest rate in the EU. Home prices in Poland climbed by 8.1 percent and home prices in Slovakia rose by 5.7 percent. Read more HERE.

4IG seals preliminary deal to acquire T-Systems Hungary

Listed IT company 4iG signed a preliminary agreement with Magyar Telekom on acquiring T-Systems Hungary. MTel will carve out T-Systems’ SME business before the deal is closed, and T-Systems will continue to sell MTel’s telecommunications services to big businesses and public sector institutions under the arrangement.