Retail Credit Market Surges to New Highs with Record Personal Loan Demand Demand on the retail credit market remains very strong. While new personal loan originations broke the previous annual record in... 2024.12.05.
Indotek Strengthens Retail Presence with 47% Stake in Auchan Hungary Over the weekend, the Indotek Group completed the acquisition of Auchan Hungary. In addition to the 47 percent stake in... 2024.12.05.
European Investment Bank Plays “Key Role” in Improving EU Competitiveness EIB President Nadia Calviño (L) and Hungary's Finance Minister Mihály Varga Hungary supports the acceleration of the European Investment Bank's... 2024.12.05.
EUFOR Althea Exercise Demonstrates Hungary’s Military Skills In Sarajevo, soldiers of the EUFOR Althea mission demonstrated their capabilities under Hungarian command in a spectacular exercise attended by... 2024.12.05.
Military Power Grows with New Leopard 2A7HU Tanks "They have arrived and are serving the peace of the Hungarian people: new Leopard 2A7HU tanks are in Hungary's service!... 2024.12.05.
Productivity Gaps Highlight Growth Potential Main building of the Hungarian National Bank in Budapest. Productivity indicators remain below the EU average, presenting a key growth... 2024.12.05.
Hungary Seeks U.S. Sanctions Exemption for Gazprombank to Ensure Energy Security The Hungarian government has submitted a request for exemption from sanctions to the competent U.S. authority in order to allow... 2024.12.05.
Semmelweis University Establishes Joint Institute with Nobel Laureate Ferenc Krausz University rector Dr. Béla Merkely with Ferenc Krausz Semmelweis University has forged a close relationship with Ferenc Krausz, 2023 Nobel... 2024.12.04.
Uzbekistan’s My Freighter Plans to Launch a Hungarian Airline Uzbekistan-based cargo airline My Freighter plans to acquire two more air operator certificates, one in Hungary and the other in... 2024.12.04.
Debrecen Becomes Key Hub for BMW’s Electric Future BMW’s expansion into Debrecen (eastern Hungary) marks a significant milestone in the company’s commitment to electrification and innovation. The company's... 2024.12.04.
Stricter Environmental Controls Imposed on Debrecen Battery Plant The environmental authority has imposed stricter conditions on the Debrecen plant of EcoPro, a South Korean manufacturer specializing in cathodes... 2024.12.04.
Moody’s Withdraws Oil Company MOL’s Ratings Moody's Ratings withdrew its 'Baa3' long-term issuer rating on MOL on Tuesday. The international credit rating agency justified the decision... 2024.12.04.
Development Programs Ensure a Secure Future for the Pork Industry The government is making significant strides in supporting the pork sector through development funding and consumption campaigns. At a press... 2024.12.04.
Foreign Minister: Solution Emerging for Gazprombank Sanctions Hungary has addressed concerns regarding US sanctions on Russia's Gazprombank, ensuring the nation's energy security remains intact, the Foreign Minister... 2024.12.04.
Salgótarján’s S-Bahn Project Gains Government Support János Lázár announced an innovative railway project aimed at transforming public transport in Salgótarján (northern Hungary). The Minister of Construction... 2024.12.04.
Survey Reveals Widespread Fake News Exposure among Youth A recent survey by the National Media and Infocommunications Authority (NMHH) has revealed key insights into the digital habits of... 2024.12.03.
Economic Impact of Christmas Markets: Boost for Tourism and Retail Sectors Experiential spending in Europe, emerging during the pandemic, continues to be a feature. Christmas markets are a major attraction, attracting... 2024.12.03.
Manufacturing Sector Rebounds with New Orders and Production Volume Growth The seasonally adjusted November Purchasing Managers Index (PMI) stood at 50.3, with respondents reporting a slight expansion in November compared... 2024.12.03.
Skills Shortage a Key Challenge for the European Labor Market, Says Minister Márton Nagy, Hungary’s Minister for National Economy, emphasized in Brussels that addressing the shortage of skilled labor remains the most... 2024.12.03.
Fuel Prices Are Set to Drop Further as Brent Oil Prices Fall Fuel prices continue to fall, driven by a decrease in Brent oil prices, reports holtankoljak.hu. On Tuesday, the purchase price... 2024.12.03.
Major Infrastructure Projects to Resume in 2025 The government plans to resume significant infrastructure investments in 2025, allocating HUF 480B (EUR 1.3B) for 300 new projects. This... 2024.12.03.
