Hungary's net issuance of state debt stood at 85.0% of the full-year plan at the end of the second quarter, the Government Debt Management Agency (ÁKK) said in a press release. As MTI reports, net issuance came to HUF 4,615 billion, compared to the HUF 5,455 billion target for the whole year. Net retail issuance […]

Hungarian-owned Pek-Snack group, which makes frozen bakery products, had after-tax profit of HUF 619 million in 2025, up 5% from HUF 589 million a year earlier, the company told MTI. Revenue was HUF 12.7 billion, almost unchanged from a year earlier. Exports accounted for 42% of the total. Pek-Snack has an extensive franchise network. It […]

OTP Bank became the first European Union financial institution to launch a EUR 7 billion Medium Term Note (EMTN) program on the Hong Kong Stock Exchange, the bank said on Wednesday. The launch of the program was celebrated with a gong ceremony on June 30. As the first step of the new program, a EUR […]

The Hungarian currency, the forint strengthened close to 8% against the euro in the first half of this year, taking third place among emerging market currencies after the Brazilian real and the Columbian peso, senior analyst Dávid Németh of K+H Bank said on Wednesday. The forint strengthening is a sign of investor confidence in Hungary, […]

The freedom of the United States also guarantees freedom in Europe, Caroline Savage, the Chargé d'Affaires of the US Embassy in Budapest, said at a commemoration marking the 250th anniversary of the US Declaration of Independence. The ceremony was held at a monument to George Washington in the Hungarian capital's City Park on Wednesday, MTI […]

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 51.5 points in June, rising from 50.2 in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Wednesday. The PMI was over the 50-point threshold, signalling expansion in the manufacturing sector. Among the PMI sub-indices, the new orders index rose 3.7 […]

Hungary's government sector had a HUF 2,090 billion deficit in the first quarter, equivalent to 9.0% of GDP, data released by the Central Statistical Office (KSH) on Wednesday show. The deficit was HUF 838 billion higher, or 3.1 percentage points higher as a proportion of GDP compared to the same period of the previous year. […]

The heads of the foreign affairs and European affairs committees of Visegrád Group (V4) parliaments signed a joint agreement expressing their positions on the European Union's next seven-year framework budget, security policy, EU enlargement plans, and opportunities for expanding cooperation, the chair of Hungarian parliament's European affairs committee, Ildikó Sopov said on Tuesday, MTI reports. […]

Last year, some 6.6 million tons of biomass was used for energy production in Hungary, 10.7% more than the year before, the Institute of Agricultural Economics (AKI) said in a report on Tuesday. In 2025, Hungarian power plants, heating plants and industrial boiler operators using biomass feedstock primarily relied on wood chips — hat is, […]

N7 Defence Holding, Arzenál Fegyvergyár ['Weapons Factory'] and Colt CZ Hungary signed a binding term sheet with firearms manufacturer Colt CZ Group International on Monday, parent company 4iG said on Tuesday, MTI reports. The term sheet sets out the framework for the recapitalization of Colt CZ Hungary, the restructuring of its ownership structure and the […]

Factory gate prices, or industrial producers prices, in Hungary edged down 0.7% year-on-year in May, data released by the Central Statistics Office (KSH) on Tuesday, and reviewed by MTI, show. Prices for domestic sale were up 1.9% while export prices decreased 1.8%. Domestic prices of the manufacturing sector, which have a 67.6% weight in the […]

Zoltán Gazsi, the founder of the 'Day of Selflessness' initiative and former managing director of Eisberg Hungary, has passed away after a long illness borne with dignity. He appeared frequently in the pages of Diplomacy&Trade over the past 12 years. Zoltán Gazsi was 60 years old. Zoltán Gazsi graduated from the University of Agricultural Sciences […]

Looking at the year as a whole, tourist arrivals are generally on the rise; however, tourism performance in the coming months will depend largely on global trends and the exchange rate of the forint, Visit Hungary announced on Monday. In their analysis sent to MTI, they highlighted that in May, tourist traffic rose by 2.6% […]

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 […]