The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25 basis points to 5.50% at a monthly policy meeting on Tuesday. The Council also lowered the central bank's symmetric interest rate corridor by 25 basis points, bringing the O/N deposit rate to 4.50% and the […]

According to Provident’s latest Financial Wellbeing survey, 28% of Hungarians have no money left at all by the end of the month, while in the Czech Republic, Poland, and Lithuania, this figure is 13% in each country. There is also a significant difference among the nine countries surveyed in terms of how much money the […]

Hungarian transmission system operator MAVIR has rolled back a crisis level indicating "significant disruption." The step was taken after the normalization of the output of Hungary's power plants, MAVIR said in a statement. "Available production capacity and reserves ensure the balance and supply of Hungary's electricity system under normal operation," it added. Output of the […]

The government is setting a 7.5% of GDP deficit target in Hungary for 2026 and will submit a legislative proposal on August 31 to modify the budget bill, the Finance Ministry said on Monday. The ministry stated the inherited economic situation, and the costs of the drought and energy crisis do not yet allow for […]

Founded in October 2022, Confindustria Ungheria is an association established as a meeting space for those who recognize Hungary as a place for investment, development and growth of their businesses. Its goal is to support the Italian business community by valuing members through meeting, aggregating and developing relationships between the different presences in the area. […]

A Gripen fighter of the Hungarian Armed Forces crashed near Szolnok (E Hungary) for reasons as yet unknown, Prime Minister Péter Magyar said on Facebook on Monday, adding that the pilot successfully ejected from the aircraft. According to a preliminary report, there were no injuries and no damage to civilian infrastructure, he added. Defense Minister […]

A 655-sqm crop warehouse, completed with HUF 390 million in European Union funding, was inaugurated in Nemesvámos (W Hungary) on Monday. As part of the project, the municipality also purchased a van and built a property protection system, mayor Balázs Söványházi said at the ceremony. In the interest of sustainability, a 5-kilowatt solar panel system […]

The Italian Trade Agency (ICE) is the governmental organization that supports the business development of Italian companies abroad and promotes the attraction of foreign investment in Italy through various events like business fairs, seminars and workshops. As the Director of the agency in Budapest, Giovanna Chiappini Carpena explains to Diplomacy&Trade, they work closely with Italian […]

A commemoration to mark the European Day of Remembrance for Victims of All Totalitarian and Authoritarian Regimes was held at the grave of Margit Slachta, a nun who worked to save Jews from persecution, in the Fiumei Road Cemetery in Budapest on Sunday. Zsolt Sári, the state secretary for public collections and heritage preservation, highlighted […]

The Budapest Stock Exchange (BÉT) stock index, the BUX, fell amid declining trading volume during the short week; on Wednesday, the last trading day, the BUX closed at 148,659.81 points, down 1.26% or 1,892.89 points from the previous Friday. Over the three trading days, weekly trading volume totaled HUF 58.98 billion, down from HUF 95.04 […]

"The meeting was friendly, pragmatic and forward-looking – exactly the tone one would expect when two governments that share solid bilateral foundations begin a new chapter," Ambassador Giuseppe Scognamiglio tells Diplomacy & Trade, reflecting on the encounter in Rome between then Hungarian Prime Minister-elect Péter Magyar and Italian Premier Giorgia Meloni that followed Hungary's April […]

The government is allocating nearly HUF 500 billion to develop the electricity grid and install smart meters under the European Union’s Recovery and Resilience Facility (RRF), the Minister of Economy and Energy István Kapitány announced on social media this Saturday. The minister emphasized that the Hungarian Development Bank (MFB) has signed all five grant agreements […]

Hungarian transport and investment minister Dávid Vitézy, has announced plans to build a continuous network of cycle paths connecting the city of Győr in the northwest of the country with the capital. As part of this, a direct cycle path from Komárom via Esztergom to the Danube Bend is being developed now in the framework […]

Future cohesion policy should focus on retaining human capital, strengthening local innovation capabilities, and restoring territorial equity rather than on building physical infrastructure, notes Csaba Zalai, a professor at the National University of Public Service (NKE), in a study published by the central bank. Csaba Zalai analyzes the macroeconomic and regional consequences of demographic change […]

The anniversary of the founding of the Hungarian state serves as a reminder that a nation's future is built not only by leaders but by strong and enduring institutions, the President of the Republic András Baka said in his festive address late on Thursday. Speaking on public news channel M1 before the fireworks on the […]

The core priorities of the IT workforce remain unchanged, but professionals are paying increasingly close attention to how employers meet these expectations. This is highlighted in the Hungarian segment of the Randstad’s Employer Brand Research 2026 report on the IT sector. Hungarian IT professionals have clear expectations of employers: they are placing increasing emphasis on […]