With all votes cast in the April 12 general election counted, the Tisza Party will have 141 representatives in Hungary's 199-seat parliament, giving the party a comfortable two-thirds majority with 70.85%, data from the National Election Office released late Saturday show. The Fidesz-KDNP alliance will have 52 representatives (26.13%) and Our Homeland ('Mi Hazánk') six […]

Researchers at the University of Szeged (SZTE) are developing novel quantum-optical devices using metamaterials to revolutionise information transfer, the university's communications office said in a press release. The project, led by Dr Mária Csete, is part of an international collaboration. Current optical and laser technologies face key limitations such as light amplification, control, and detection […]

International reserves of the National Bank of Hungary (MNB) stood at EUR 58.732 billion at the end of March, down EUR 1.132 billion from a month earlier, data released by the central bank show. Stock of cash, deposits and securities in the reserves rose by EUR 2.824 billion to EUR 40.693 billion, while stock of […]

Economic research institute Kopint-Tárki is predicting that GDP could grow by 2% this year, the head of the institute, Éva Palócz has announced. The institute sees inflation averaging 3.5% in 2026. According to the macroeconomic report published by Kopint-Tárki, the change in government is "creating a new economic framework." The investment-stimulating effect of European Union […]

OTP Bank, Hungary's biggest commercial lender, strives for fair cooperation with the Tisza government, which is in the interest of both the Hungarian economy and businesses; the bank's activity will not decline in Hungary, chairman of the board, Sándor Csányi said at the bank's annual general assembly. OTP's management will soon hold consultations with the […]

A measure of business confidence by the Confederation of Hungarian Business (VOSZ) rose to 54% in the first quarter, Ákos Kozák, the director of the Balance Institute, which helps prepare the index, announced. Among the sub-indices of the VOSZ Barometer, the measure of business sentiment rose 3 percentage points from the previous quarter to 61%. […]

The Hungarian Academy of Sciences (MTA) "agrees with the main goals outlined in the program of the Tisza party" and wants to ensure Hungarian researchers gain access to European cooperation and funding as a priority, the academy said in a statement on it website. It added that the autonomous and transparent operation of universities was […]

Due to the change in government resulting from last Sunday’s parliamentary elections in Hungary, market expectations suggest that the new government’s economic policy will become more transparent and predictable in the coming years; measures such as special taxes, margin caps and fuel price controls will be phased out over time. That is according to Raiffeisen […]

At standalone level, Gránit Bank closed the year 2025 with HUF 21.4 billion in profit before tax and HUF 19.2 billion in profit after tax, the latter being so far the highest twelve-month result in the Banks’s history, according to the executive summary of the report őublished on the website of the Budapest Stock Exchange. […]

The Danube boating season has begun, and in addition to sightseeing cruises, several scheduled and special-event boat trips are now available, Mahart-Passnave Ltd. announced to MTI on Thursday. According to the announcement, the Budapest-Szentendre-Budapest sightseeing boat and the hop-on circular route on the Visegrád-Nagymaros-Zebegény route are already in operation, and the Esztergom, Visegrád-Esztergom, and Budapest-Szentendre-Visegrád […]

It is Europe's shared responsibility to ensure future generations learn from the sins of the past, understand their context and reflect on their consequences, the deputy state secretary for civil and social relations, Vince Szalay-Bobrovniczky said, marking the Memorial Day of the Victims of the Hungarian Holocaust on Thursday. Speaking at the Holocaust Memorial Center, […]

The shopping center-focused real estate investment company Urban Plaza Plus Plc. is trading in the standard category of the Budapest Stock Exchange (BSE) on a euro basis, and its listing was celebrated with a symbolic opening bell at the BSE headquarters in Budapest on Thursday. Tibor Tóth, CEO of the Budapest Stock Exchange, said: the […]

András Kármán, the election-winning Tisza Party's expert on budget and tax policy, met National Bank of Hungary Governor Mihály Varga, at the latter's invitation. András Kármán said on Facebook that the parties agreed that the financial markets reacted favorably to Tisza's election win, but added that developments in Iran and the resulting energy price hikes […]

The President of the League of Trade Unions (Democratic League of Independent Trade Unions), Dr. Melinda Mészáros sent a letter to Péter Magyar, the leader of the election-winning Tisza Party, stating that the leadership of the League is initiating cooperation with the new government, the union told MTI on Wednesday. They justified the cooperation by […]

Péter Magyar, the leader of the election-winning Tisza Party, said on Wednesday that President Tamás Sulyok will formally invite him to form the next government. Magyar met the president after Tamás Sulyok invited the leaders of the parties with mandates in the new parliament to attend talks at his office in Sándor Palace, MTI reports. […]

In the first three months of this year, retail sales of gasoline and diesel in Hungary were up 8.1% and 13.3%, respectively, compared to the same period last year; total fuel consumption thus rose by an average of 11.3%, the Hungarian Petroleum Association (MÁSZ) told MTI on Wednesday. Total consumption was 980 million liters in […]