New car sales climb 5% in Jan-Sep

Automotive

The number of new passenger car registrations in Hungary rose 5% to 95,541 in January-September from the same period a year earlier, the Hungarian Association of Vehicle Importers (MGE) said based on figures compiled by DataHouse.

MGE noted that around 30% of those vehicles will not remain on the road in Hungary but will be re-exported for various business reasons within half a year, a practice, the association added, that does not benefit the national fleet.

In September alone, new passenger car registrations dropped 17% year-on-year to 9,524.

OTP Redeems EUR 400 mln of Green Securities Banking

OTP Redeems EUR 400 mln of Green Securities

KDNP Pulls out of EPP After Tisza Joins Elections

KDNP Pulls out of EPP After Tisza Joins

Gloster Wins EUR 15 mln BMW Contract Deals

Gloster Wins EUR 15 mln BMW Contract

Int'l Travelers to Europe Prioritize Safety, Quality This Su... Tourism

Int'l Travelers to Europe Prioritize Safety, Quality This Su...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.