Japanese food industry giant Nissin Foods, a leader in instant meal production, is establishing its second European manufacturing plant in Kecskemét. The 40 billion HUF investment will double the company’s local production capacity, Foreign Minister Péter Szijjártó announced in Budapest on Friday.

The price per square meter of renovated panel apartments has already reached 1 million HUF, while the average price is soaring at 750,000 HUF.

In December 2024, the gross average salary for full-time employees was 727,700 forints, while the net average salary, taking into account discounts, was 500,500 forints.

Nationwide, rental prices rose by 9.4% in January compared to the same period last year, while in Budapest, the increase was 9.5%. However, the expanding supply may offset further price hikes, according to a report from Ingatlan.com published by MTI on Wednesday.

In January 2025, consumer prices increased by an average of 5.5% compared to the previous year, the Central Statistical Office (KSH) reported on Tuesday.

Based on the number of listings published on the real estate advertising portal, the housing price index shows that prices on the national housing market increased by 1.6 percent in January, which is double the 0.8 percent rise recorded in December.

The European Commission is introducing stricter customs checks on products sold by online stores such as Shein and Temu. Additionally, it is pushing for the removal of the duty-free exemption for packages valued under 150 euros. The aim is to filter out dangerous, counterfeit, or unsafe goods, which are increasingly flooding the EU market.

According to the Central Statistical Office (KSH), in November 2024, the average gross salary for full-time employees in Hungary was 695,100 HUF (1 694,58 EUR), while the average net salary (including tax benefits) was 478,000 HUF (1 165,31 EUR). The gross salary increased by 11.9%, net salary by 11.8%, and real wages rose by 7.9% compared to the same […]