State-owned energy company MVM inaugurated a HUF 10.4 billion, 57MWh battery energy storage unit at a gas-turbine power plant in Ajka (W Hungary) on Monday, MTI reports. The investment was supported by HUF 3.8 billion in grant money from the European Union. MVM CEO Karoly Matrai said heatwaves like the present one point to the […]

So far this summer, the load on the Hungarian power grid peaked on Friday, June 26, breaking last summer’s electricity consumption record, but the all-time summer record set in 2024 has not yet been broken, Mavir Hungarian Electricity Transmission System Operator Ltd. said on Monday in response to an inquiry from MTI. According to Mavir’s […]

Hungary's current account had a EUR 251 million surplus in the first quarter of the year, compared to a EUR 353 million surplus in Q4 2025, and a EUR 1.177 billion surplus in Q1 2025, quarterly data released by the National Bank of Hungary (MNB), and reviewed by MTI, on Monday show. The trade surplus […]

Hungarian pharmaceutical company Richter Gedeon has announced mass layoffs of more than 30 people over a 30-day period, the company announced in a statement on Monday. Richter is quoted by MTI to have said that the planned reductions will affect pharmaceutical manufacturing, particularly active ingredient manufacturing. Maintaining the competitiveness of active ingredient manufacturing is a […]

The number of guests at commercial and private tourism accommodations in Hungary climbed 2.6% to 1,753,000 in May from the same month a year earlier, while the number of guest nights edged down 0.5% to 3,865,000, data released by the Central Statistics Office (KSH) and reviewed by MTI show. The number of domestic guests rose […]

The Budapest Stock Exchange (BSE) stock index rose amid declining trading volume this week; on Friday, the BUX closed at 139,790.13 points, a historic high, up 1.57% or 2,164.59 points from the previous week. Weekly trading volume was HUF 137.5 billion, down from HUF 155.1 billion the previous week, with leading stocks posting mixed results. […]

Hungary’s biggest commercial lender OTP Bank and oil and gas company MOL took the 398th and the 1,239th place respectively on Forbes’ 2026 Global 2000 list that ranks the largest companies worldwide, MTI reports. OTP took the 993rd place based on revenue, the 360th place based on profit, the 313th place based on assets and […]

Braving soaring temperatures, thousands of revelers set off from outside the State Opera House on Saturday for the 31st Budapest Pride Community Festival march, a vibrant celebration winding through the heart of the capital. The event was also attended by the European Commissioner for Equality, Preparedness and Crisis Management, Hadja Lahbib. A float blaring music […]

Support for joining the euro zone is exceptionally high, at around 70-75%, in Hungary, Prime Minister Péter Magyar said following talks with Eurogroup president Kyriakos Perrakakis in Budapest on Friday. Among member states outside the euro zone, Hungary has the high level of support for joining, the Prime Minister added. "This has not always been […]

Preliminary data show the number of births falling by 1.3% in May compared with the same month of the previous year, while deaths decreased by 4.3%, according to this week's report by the Central Statistical Office (KSH). Marriages decreased by 6.5%. Reviewed by MTI, data show that fully, 5,654 children were born in May and […]

MVM Tisza Erőmű, a unit of state-owned energy company MVM Group, inaugurated a 31MW/62MWh battery storage investment in Tiszaújváros (E Hungary), MTI reports. The investment was supported by HUF 4 billion in grant money from the European Union. MVM CEO Károly Mátrai said the investment is part of MVM's long-term development strategy, which aims to […]

In a first step to renew the leadership of Hungarian diplomatic missions, the foreign ministry is recalling 37 heads of mission, Foreign Minister Anita Orbán said in a video on Facebook on Friday. While some diplomats' terms of office are expiring, other decisions were "motivated by the goal of ensuring that Hungary’s interests are represented […]

Hungarian property developer Indotek Group purchased the remaining 53% stake in Auchan Magyarország from Auchan Retail International to become sole owner of the company that owns and operates the retail chain, Indotek said on Friday. Indotek added that it the financed acquisition from internal funds. The sides did not reveal the value of the transaction. […]

If we help the trees, the trees will help us: that is the basic idea behind this program. Green plants are essential for the livability of cities: their shade mitigates the heat, improves air quality, and provides a refreshing atmosphere. However, due to a lack of rainfall and drought, the survival of newly planted urban […]

Hungary has lowered its terrorism threat level from high to moderate, MTI quoutes a statement from the interior ministry this Thursday. The deputy director-general of counter-terrorism force TEK convened the Anti-Terrorism Coordination Committee, where experts reviewed the security situation and recommended the change, the ministry said in a statement. Interior Minister Gábor Pósfai subsequently approved […]

On the 35th anniversary of the Visegrád Declaration, the heads of government of the Czech Republic, Hungary, Poland and Slovakia met at the Royal Palace in Gödöllő, east of Budapest, this week and relaunched the Visegrád Four (V4) partnership among the four countries. Following the Hungarian parliamentary elections in April 2026, with high-level political cooperation […]