Hungarian author László Krasznahorkai, the winner of last year's Nobel Prize in Literature, has received the Doctor Honoris Causa title of Budapest's Eötvös Lóránd University. László Krasznahorkai is truly deserving of the university’s highest honor, based on his body of work, which enriches universal culture with enduring values, and his internationally outstanding achievements, according to […]

Budapest’s Liszt Ferenc International Airport handled 2,137,301 passengers in August of this year, a 12.3% increase compared to the same period last year, Budapest Airport announced on Friday. Total passenger traffic for the summer months was 6.2 million, exceeding all previous summer figures and representing a 13.7% increase over last year. In August, the most […]

The government has restarted negotiations with the Norway Grants for development funding for Hungary, which could bring over EUR 92 billion (EUR 254.1m) to the country, Foreign Minister Anita Orbán announced on Friday. She said in a social media post that the government aimed to reach an agreement under which the majority of the funds […]

In the 2025/26 fiscal year, JYSK’s combined in-store and online sales revenue in Hungary rose by 12.7% to HUF 100.3 billion, exceeding HUF 100 billion for the first time, the Scandinavian-based retail chain said on Friday. In Hungary, the number of customers, including online sales, rose by 6.1%, or 212,000; the company opened four new […]

The real question is whether it will be possible to create a sustainable rental housing sector with rental housing construction. Building apartments is a one-time investment, while creating a rental housing system is a decades-long housing policy task, according to a new research study by the GKI Economic Research Institute. In Hungary, the proportion of […]

Hungarian oil and gas company MOL inaugurated a HUF 21.6 billion solar park and battery storage facility in Algyő (SE Hungary) on Thursday. The 37.5 MW solar park was paired with 40 MWh of battery storage capacity. MOL now has nine solar parks with a combined capacity of over 400 MW. MOL plans to install […]

A groundbreaking U21 men’s singles tennis tournament with substantial prize money is held from September 18 to 20 at the PG Tennis Club on Kőér Street in Budapest. The Stanley Cup’s main sponsor is the STANLEY hand tool brand. The goal of the STANLEY Cup is to provide genuine competitive and developmental opportunities for male […]

Analysts at MBH Bank, Hungary's second-biggest lender, put GDP growth at 1.8% in 2026 and 2.5% in 2027 in a forecast released on Thursday. MBH Bank Analyst Center head Zoltán Árokszállási said the pickup in growth would be supported by the arrival of Hungary's unlocked European Union funding, new industrial capacities and improved external demand. […]

National Bank of Hungary (MNB) governor Mihály Varga underscored the need to strengthen cooperation among central banks to support financial stability amid an increasingly fragmented world, opening the premiere edition of the Budapest Financial Summit on Wednesday. Although local challenges may vary from economy to economy, the need for stability, resilience and efficient institutions is […]

The University of Szeged (SZTE), in southeastern Hungary, has joined the collaborating centers of the World Health Organization, the university said on Wednesday. According to the university's statement, SZTE has been granted Public Health Innovative Collaboration Center status, which will further increase the university's international role in the area of public health innovation. The new […]

The 44th Hungarian Press Photo Exhibition, showcasing the best press photographs of last year, has opened at the Robert Capa Contemporary Photography Center in Budapest. The exhibition will remain open until November 8. The show features the images that were awarded the Grand Prize of the National Association of Hungarian Journalists ('Nimród', a series by […]

South Korean tire maker Hankook has completed a EUR 540 million expansion at its plant in Rácalmás (C Hungary) where production of truck and bus tires will begin in October. The newly built plant has an annual production capacity of more than 800,000 units. The South Korean conglomerate announced on Tuesday that the fourth phase […]

Hungarian Parliament elected five new justices to the Constitutional Court in a secret ballot on Tuesday. The new justices are Nóra Chronowski, Miklós Ligeti, András György Kovács, Zsolt Szomora and Árpád Gábriel Orosz, all nominated by the governing Tisza Party. The newly elected Constitutional Court justices took their oath before Parliament. Parliament elected new justices […]

Output of the automotive industry, Hungary's biggest manufacturing sector, climbed 18.0% year-on-year in July, a detailed reading of data released by the Central Statistical Office (KSH) on Tuesday shows. The automotive segment accounted for 27% of manufacturing output during the month. Output of the computer, electronics and optical equipment segment, which accounted for 15% of […]

Ildikó Enyedi's 'Silent Friend', starring Tony Leung Chiu-wai, will represent Hungary in the international feature film category at the 99th Academy Awards, the National Film Institute (NFI) has announced. Each country may submit one film for the category under Academy rules. Members of the film academy will select five nominees from the official submissions, which […]

Energy group Alpiq inaugurated a EUR 64 million hybrid power plant – combining gas engine generation with battery storage – in Budapest on Monday. Gábor Briglovics, managing director of Alpiq Hungary, said at the handover ceremony that the Csepel gas-fired power plant has a capacity of 50 megawatts (MW), and with its commissioning, the combined […]