Hungary's national flag was raised in front of Parliament on Thursday morning in a military ceremony to mark the August 20 national holiday, attended by President András Baka, Prime Minister Péter Magyar and Speaker of Parliament Ágnes Forsthoffer. The flag was hoisted by a ceremonial unit of the Hungarian Armed Forces to the national anthem, […]

Hungary's state debt relative to GDP reached 75.1% at the end of the second quarter, preliminary data released by the National Bank of Hungary (MNB) show. The state debt ratio rose from 74.6% at the end of 2025. In absolute terms, Hungary's state debt stood at HUF 67,815 billion at the end of Q2, up […]

The National Tax and Customs Authority (NAV) has terminated its investigation on suspicion of money laundering into the Ukrainian cash transport case due to the absence of a crime, NAV said on Wednesday. According to their statement, investigation has been closed in the case in which the transport vehicle and its staff were seized by […]

This Wednesday, Dr. András Baka took office as the new Hungarian head of state elected by Parliament eight days ago. Dr. András Baka was born in 1952 in Budapest. He graduated from the Faculty of Law and Political Science at Eötvös Loránd University (ELTE) in 1978 and conducted research in constitutional law at the Hungarian […]

Mobile data traffic in Hungary increased an annual 25%, on average, from 2022 until 2025, a report by the National Media and Infocommunications Authority (NMHH) shows. Mobile data, excluding machine-to-machine (M2M) data, reached 525 petabytes (PB) in the fourth quarter of 2025, up from 233 PB in the first quarter of 2022, according to the […]

All four Hungarian competitors won medals at this year’s iGeo Geography Olympiad in Istanbul, Turkey, according to the University of Pécs (PTE), which prepared the Hungarian team. The announcement noted that 182 competitors from 48 countries tested their knowledge at the competition. From the Hungarian team, Máté Keresztesi-Kiss, a former student at the Fazekas Mihály […]

Vajda-Papír Ltd., a manufacturer of hygiene paper products, saw its revenue rise by more than 12 % to HUF 50.91 billion last year compared to the previous year, while its earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 7.2 % to HUF 3.01 billion, the company has announced. According to the report, the […]

Three hundred and fifty events will take place between August 18 and 23, and on the main day, August 20, 12 flower-decorated floats will parade along the route of the 57th Debrecen Flower Carnival route, with the floats accompanied by 17 Hungarian art groups and nine international troupes, organizers announced at a press conference on […]

Hungary's Constitutional Court on Monday rejected all three petitions from opposition Fidesz and the Christian Democrats (KDNP) challenging amendments to the Fundamental Law. The court dismissed the petitions primarily on grounds of lack of jurisdiction. Fidesz-KDNP had sought the annulment of parts of the 17th amendment to the Fundamental Law, including the provision that immediately […]

The government has ordered a comprehensive probe of 4iG's contracts with the state, Prime Minister Péter Magyar said in a social media post on Monday. The prime minister stated that four ministries would be involved with the probe of 4iG, which he called the "mothership" of "NER" companies, using a Hungarian acronym referring to businesses […]

The Sziget festival "must move forward to break free", according to its founder, Károly Gerendai. "Based on feedback from the audience and the media, the direction we have outlined is good, but many circumstances were not in our favor, so the numbers did not turn out as we would have liked," he said. "Our main […]

The Budapest Stock Exchange’s stock index, the BUX closed the week at a historic high, above 150,552 points. The domestic market outperformed international stock exchanges, driven primarily by significant gains in Mol and Richter, while total weekly trading volume declined slightly. Trading in recent days was greatly supported by the fact that several brokerage firms […]

The average and end-of-month stocks of external assets increased in July, the National Bank of Hungary (MNB) reports. The increase was primarily the result of the EUR-denominated government bond issuance by the Government Debt Management Agency, changes in the forint exchange rate, and the decrease in the stock of swaps providing euro liquidity concluded with […]

Visitors have arrived at this year’s Sziget Festival from all six inhabited continents, representing a total of 112 countries, ranging from Iceland to New Zealand and from Canada to Japan, press officer Viktória Vető said. Sziget has been Hungary’s most significant cultural and tourist attraction for decades, bringing tens of thousands of visitors to Budapest […]

Net sales of ANY Security Printing Company PLC for 2026 amounted to HUF 33.2 billion, which is 5.6 billion (14%) lower than in the base period, the company has announced on the website of the Budapest Stock Exchange. Sales of security products, solutions were HUF 17.2 billion 3.4 billion (16%) lower, than in the base […]

Commercial real estate investment volume in Hungary could exceed EUR 1.2 billion in 2026, with a "strong pipeline of ongoing transactions", property consultancy Colliers said in an analysis. First-half commercial real estate investment volume reached EUR 610 million, climbing 26.7% from the base period, the strongest H1 performance since 2021, according to Colliers director Balázs […]