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Budapest

Karácsony Calls for Affordable Suburban Housing in Rákosrendező

The municipality of Budapest wants affordable suburban homes built "in a transparent way" in the city's Rákosrendező development area, Mayor...

Figures

Business Confidence Sinks to 50-month-low in January

Hungarian business confidence fell in January to lows last seen during the COVID-19 pandemic, weighed down by deteriorating prospects in...

Green Energy

Solar Power Accounted for 25% of Electricity Generation in 2024

Solar power accounted for 25% of electricity generation in Hungary in 2024, more than in any other country in Europe,...

HR

VOSz Highlights Need for Guest Workers

The National Association of Entrepreneurs and Employers (VOSz) highlighted the need for guest workers during the current phase of economic...

Residential

Kész Signs EUR 11 mln Contracts for 1st Romanian Housing Project

Kész, one of the largest construction groups in Hungary, which is building its first residential project on the Romanian market,...

Trade

Economy Ministry Points to Factors Lifting Motor Fuel Prices

The Hungarian Ministry of National Economy said the Ukrainian threat to crude oil supply, along with U.S. sanctions, was lifting...

EU

Hungary Wins EC Approval for Long-delayed Budget Plan

The European Commission endorsed Hungary's plan to comply with EU budget rules last week, marking a slight easing of tensions...

Domestic

Interior Ministry Launches Reintegration Project for Inmates Released From Prison

A total of 835 prisoners awaiting release will participate in a new reintegration project launched by Hungary's Ministry of the...

Science

BME, V-Híd Group Establish Educational, R&D Partnership

The Budapest University of Technology and Economics (BME) and infrastructure construction company V-Híd Group, have signed a collaboration agreement to...

HR

Magyar Posta in ‘Programmed’ Downsizing Amid Performance Decline

Magyar Posta is conducting a "programmed" downsizing, reportedly to circumvent formal mass layoff declarations, according to an article by hrportal.hu....

Weather

No Further Heavy Winter Frost Expected Over Upcoming Time Period

Persistent winter frosts of below -10°C (14°F), which are necessary to kill off pests and pathogens, have not yet occurred...

Sustainability

Alteo Aims to Become Regional Sustainability Leader by 2030

Alteo has outlined its 2025-2030 strategy, aiming to transform into a regional sustainability champion, according to the presentation published on...

Recycling

Mohu DRS System Registers 1 bln Returns in 6 Months

More than one billion bottles and cans have been returned in the past six months through Hungary's new deposit-return system...

Automotive

Most Hungarian Car Buyers Prefer Used Vehicles Over 6 Years Old

Two-thirds of those planning to buy a car in Hungary would rather purchase a used auto, with the average being...

Budapest

Budapest’s Spas Start 2025 With Moderate Price Hikes

Following a significant price increase for some spas in 2024, the price of entrance tickets to the capital's baths has...

Retail

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

Automotive

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

EU

EU Grants Hungary 1‑year Exemption from Gas Market Rule

The EC approved Hungary's request for a temporary exemption from an EU gas‑market regulation at the Serbian border, allowing the...

Budapest Hotels Outperform Regional Rivals Despite Lower Guest Numbers

Budapest’s hotels delivered some of the strongest results in CEE, posting an 81.3% occupancy rate, and leading the region with...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

State and City to Renew Budapest’s Danube Waterfront

The gov't and Budapest will form a new 50–50 joint company to develop the Budapest section of the Danube, resolving...

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

18,000 Truck Drivers Near Retirement, Hungary Faces Shortage

Europe currently has more than 500,000 unfilled truck‑driver positions, and another 600,000 drivers are expected to reach retirement age in...

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

EU Grants Hungary 1‑year Exemption from Gas Market Rule

The EC approved Hungary's request for a temporary exemption from an EU gas‑market regulation at the Serbian border, allowing the...

Budapest Office Supply Tightens, Vacancy Falls, Rents Flat

Budapest's office market is tightening, with the vacancy rate at 12.2% even as rental prices remain at EUR 25 per...

ÁKK: Euro Adoption May Cut Hungary’s Debt Costs by 50%

The Government Debt Management Agency (ÁKK) says Hungary could reduce its financing costs after adopting the euro, lowering annual interest...

Budapest to Raise Fare Evasion Penalties From Nov. 2

Budapest's public transport penalty fares will be raised by approximately 20–25% in several categories from November 2, daily newspaper Népszava...

Hungary to Formalize Gift of Lipizzaner Horses to King Charles III

Hungary will formally gift two Lipizzaner horses to the UK's King Charles III, resolving an ownership issue after the animals...

Varga Prioritizes Successful Euro Adoption Over Speed

Hungary should prioritize a successful transition to the euro over rapid adoption, MNB governor Mihály Varga said at the 64th...

Hungarian Homebuyers Secure Biggest Discounts in 2 Years

Homes in Hungary sold for an average of 6.4% below their final advertised asking price between June and August, the...

Hungarian Agricultural Concentration Accelerates, 35,000 Farms Disappear in 3 Years

Hungary's agricultural sector has undergone rapid consolidation, with the number of agrarian farms dropping by 41% over the past 10...

MVM Introduces Dynamic Electricity Tariff

From Sep. 1, households and microbusinesses under universal service can voluntarily switch to energy company MVM's new dynamic tariff, which...