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Construction sector output up 20.5% in October

Output of Hungaryʼs construction sector climbed 20.5% year-on-year in October, Hungarian news agency MTI says, citing unadjusted data released by the Central Statistical Office (KSH). Output of the buildings segment was up 18.8%, lifted by construction of residential, cultural and industrial buildings, KSH said. Civil engineering output rose 22.3%, helped …

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Hungary’s 10 Major Problem Areas, Listed by National Bank Governor Matolcsy

György Matolcsy wrote a ten-point list of major areas in need of improvement and development in Hungary. In his article published on Novekedes.hu, the Governor of the National Bank of Hungary touches on many issues from the (still non-existent) Ferihegy high-speed railway, to solving the problems of women wanting babies, to the sugar …

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Comfy parking: A Hungarian start-up won an international award in Vienna

The Budapest-based Rollet has been prized and praised to be the most promising start-up enterprise of 2019. The ceremony took place at the Property Forum of Vienna, the most prestigious real-estate conference in the region where the top 100 most influential companies represent themselves from all over Central Europe. According …

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Budapest’s Matild Palace to be Luxury Collection Hotel

Özyer Group has signed an agreement with Marriott International to launch the acclaimed Luxury Collection brand in Hungary with Matild Palace, a Luxury Collection Hotel, according to a recent announcement made by Özyer Group. As the first Luxury Collection Hotel in Hungary, the Matild Palace will provide the perfect setting …

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Hungary’s Tobacco Market Lights Up

The Hungarian tobacco market has been lit up and most probably will break the annual record of traffic, Hungarian daily Világgazdaság reported based on data made public by national tobacco distribution firm Nemzeti Dohánykereskedelmi (ND) Nonprofit Zrt. Retail traffic of tobacco products in June exceeded HUF 56.6 billion, which boosted …

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