Hungarian economy

08/11/2024

PHOTOS: Chinese mini library inaugurated, China very proud on Szeged BYD plant

EV maker BYD's plant under construction in Szeged (SE Hungary) is a model for cultivating ties between China and Hungary, Gong Tao, China's ambassador to Hungary, said. #china #byd #carmanufacturing
07/11/2024

Hungary’s property market set for 2025 boom – Expert tips on the best places to invest

Real estate experts discussed future trends concerning the Hungarian property market at the Portfolio Investment Day conference. They all expect a boom. #realestate #propertymarket #hungarianproperty
07/11/2024

Vodafone disappears from Hungary in 2025: here’s the new name

4iG will rebrand the commercial telecommunications services of its units #VodafoneMagyarország, #DIGI, #AntennaHungaria and #Invitech.
07/11/2024

65 brand-new Mercedes-Benz Citaro buses come to Budapest

Budapest public transport company BKV will take delivery of 65 new Mercedes-Benz Citaro K buses in the second half of 2025, Gergely Karácsony, the capital's mayor, said. #budapest #newbuses #budapestbuses #budapesttravel
06/11/2024

Good news: MOL extracts more oil in Hungary than previously hoped for

Hungary's MOL has boosted daily production at a field in Vecsés, on the outskirts of the capital, by 600 barrels of oil with the addition of a third well. #mol #hungaryoil #budapest #vecses
06/11/2024

Trump’s victory threatens forint with collapse, Orbán cabinet happy and congratulates

The Hungarian forint is at a 2-year low against the American dollar following Donald Trump's decisive victory. All regional currencies are struggling becuse the strong dollar. Will the forint collapse while the Hungarian government is celebrating Trump's victory? #viktororban #donaldtrump #hungarianforint
06/11/2024

Budapest’s real estate might be on the verge of a renaissance – Here’s what’s driving it!

Real estate in Budapest seems to be evolving to meet modern needs with a focus on community and environmental sustainability. Check out our article to find out what this could mean for the Budapest housing market!
06/11/2024

Varga: Compromise on VAT in the digital age among successes of Hungarian EU presidency

A compromise reached on a package of legislation on VAT in the digital age is one of the “great successes” of Hungary’s presidency of the Council […]
05/11/2024

Surprisingly, Hungarians are not only going to the West to work

Austria remains the most popular destination for cross-border commuters; however, two neighbouring countries are moving up the list. #Austria #workers #labour #employment
05/11/2024

Varga discusses Europe’s competitiveness challenges in Brussels

Macroeconomic Dialogue at the Political Level (#MEDPOL) in Brussels #eu
04/11/2024

Surprising new trends that will revive the Hungarian housing market in 2025

The housing market is on the brink of a powerful comeback! What’s driving this unexpected shift and what it means for home buyers and renters? Check out our article for more details!
04/11/2024

Sixth lowest monthly PMI in Hungary since 1995

PMI in Hungary: this data also shows that the Orbán cabinet is in increasing economic trouble
04/11/2024

How Viktor Orbán’s son-in-law capitalised on tax breaks to dominate Hungary’s rich list!

Hungarian Prime Minister Viktor Orbán's son-in-law has amassed a significant fortune in recent years. What factors have contributed to his remarkable financial success? Check out our article for more details!
02/11/2024

Tax changes in 2025 in Hungary: Airbnb tax skyrockets, currency conversion fee remains, plane tickets may be cheaper

On 29 October at night, the government submitted their bill about the 2025 tax changes. In a nutshell, the Orbán administration plans to increase the Airbnb tax in Budapest (and only in Budapest) fivefold. Will that ruin the entire sector in the Hungarian capital? Will the hotel lobby win in Budapest? #budapest #tax #tax2025 #taxchanges #taxhungary #orbancabinet
01/11/2024

Real estate: Rising Russian and Vietnamese investment fuels Hungary’s property boom

Hungary’s real estate market has seen remarkable growth in recent years—but what’s fuelling this surge, and who’s behind the buying spree? Check out our article to learn more!
01/11/2024

New Chamber of Industry and Commerce head promises new support schemes for SME sector

Elek Nagy, who was elected the new head of the Hungarian Chamber of Industry and Commerce (MKIK) on Wednesday, has announced new schemes. #mkik #hungarianeconomy #smesector
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
31/10/2024

National economy minister: Hungary’s growth hindered by external factors, especially automotive decline

External economic factors, mainly the downturn in Germany's automotive industry, are weighing on Hungary's economic performance, the minister said. #economy #money #gdp #Germany
30/10/2024

Hungarian government unveils new economic initiatives: Blue-collar loans, home renovation subsidies, and family tax credits

The Hungarian government has introduced a series of economic initiatives, including interest-free loans for young blue-collar workers, home renovation subsidies for families in rural areas, and a gradual doubling of the family tax credit, aiming to stimulate growth and reduce economic dependencies. #economy
30/10/2024

Have your say! Hungary’s new National Consultation on wages, business, and housing

Time for Hungarian citizens to speak up on the future of the country's policies! The government just launched a nationwide consultation covering a range of key issues. What are these issues? Read our article to find out more!