The luxury hotel Ritz-Carlton on Erzsébet Square in Budapest will now operate under the Al Habtoor Palace brand, as the ownership group transitions to its own hotel brand.

By the end of 2024, more than 70,000 fully electric vehicles were on Hungary’s roads. According to the Ministry of Energy, 1,970 new registrations were added in December alone.

The scientific project, “Fraternity,” is funded with HUF 400 million (EUR 980,000) under the HU-rizont program.

The state has sold unused land from the former Rákosrendező railway yard of the national railway company MÁV to the UAE-based Eagle Hills Group.

The alternative energy service provider Alteo plans to invest up to EUR 2-2.5 billion by 2030 and significantly expand its business in Central Europe.

Due to increased capital requirements, the two companies are considering bringing in a new investor for their joint stone wool factory.

The French company Alstom is investing HUF 600 million (approximately EUR 1.5 million) in the construction of a new logistics hall at its Mátranovák site.

The government has extended the interest rate freeze until June 30, 2025, which currently protects the mortgage loans of 291,000 Hungarian families.

Mol has acquired Naperőmű Farm Kft. from Optimum Vogt Kft. – a subsidiary of Ib vogt GmbH. Mol has thus doubled its production capacity for renewable energies by 66 megawatts.

The mechanical engineering company Körber Hungária invested more than HUF 3.6 billion (approx. EUR 9 million) in improvements at its site in Pécs in 2024.