Nobel Prize-winning physicist Ferenc Krausz has been elected a member of the US National Academy of Sciences (NAS). The announcement on Wednesday was passed on in a statement by the Frontiers Foundation, which he founded. The NAS announced on April 29 that it has elected 120 new members and 25 international members in recognition of […]

Shareholders of listed car seller AutoWallis voted at an annual general meeting to put all of last year's profit into retained earnings, the company said on the Budapest Stock Exchange on Wednesday. It means that in addition to its existing resources, the AutoWallis Group may also allocate its after-tax profit of nearly HUF 5 billion […]

The University of Szeged (SZTE), in SE Hungary, signed a three-year contract on clinical research with the local unit of US-based pharmaceutical company AbbVie the university says in a statement on its website. The agreement was signed by Javier Aracil Corma, AbbVie’s Managing Director for the Adriatic region and Hungary, on behalf of AbbVie, and […]

Consolidated net sales revenue of Hungarian soft drink maker Hell Energy rose 11% in 2025 to HUF 218.3 billion, an earnings report posted on the website of the Budapest Stock Exchange, where the company's corporate bonds are listed, shows. Energy drinks contributed the most to the growth in sales over the past five years, while […]

Budapest-based carrier Wizz Air will keep its fares low and plans no fuel surcharge or flight cuts due to higher kerosene prices, Chief Commercial Officer Ian Malin said at a press conference in the capital on Tuesday. Fielding questions, he said that around 70% of Wizz Air's summer fuel needs were covered by favourable options, […]

Balázs Horváth, a journalist for the Hungarian business news portal Economx, received the HUF 1 million grand prize in Provident Financial Ltd.’s “Provident Press Award for the Invisible” competition. The award, presented at a formal ceremony, was granted based on the decision of a professional jury to the professional who most authentically and effectively drew […]

The number of days it took homes in Hungary to sell after they were listed averaged 95 days in January-April, up from 84 days in the same period a year earlier, real estate broker Duna House said on Tuesday. This turn is also indicated by longer sales cycles and a shift in market conditions that […]

Global stars Rick Astley, Matt Bianco, Earth, Wind and Fire Experience, Gregory Porter and Ella Eyre will be among the headliners at the 14th Paloznak Jazz Picnic in W Hungary between August 6 and 8 this year, the organizers said in a statement. "The great value of festivals is their incredible power to build community. […]

The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 6.25% after reviewing the latest economic and financial developments at today’s meeting. The O/N deposit rate and the O/N lending rate also remained unchanged, at 5.25% and 7.25%, respectively. The central bank will continue to ensure positive real interest […]

The Budapest Stock Exchange (BSE) generated total revenue of HUF 4.338 billion last year, 16% more than a year earlier; EBITDA rose by 22% to HUF 1.680 billion, while net profit, including the contribution from the KELER Group, increased by 65% to HUF 9.635 billion. The company will pay a dividend of HUF 60 per […]

Magyar Telekom has won tenders in a program to undertake gigabit network investments in 16 counties with around HUF 20.3 billion in European Union funding, the company said on Monday. Using these non-repayable EU funds, a fiber-optic cable system providing state-of-the-art internet and TV services will reach an additional 118,000 locations. The planning and permitting […]

Katalin Karikó, the first Hungarian woman to win a Nobel Prize, will be awarded an honorary doctorate in Oxford in June and at two American universities in May, the Public Relations Office of the University of Szeged (SZTE) informed MTI on Monday. According to the announcement, Katalin Karikó, a professor at SZTE, will be among […]

The European Commission has approved EUR 71.6 million (HUF 28 billion) in aid from the state of Hungary for the expansion of South Korean tire maker Hankook Tire & Technology Co. Ltd.'s plant in Rácalmás (C Hungary), the European Union's executive body said on Monday. The EC statement highlights that this measure will support Hankook […]

Expectations among companies operating in Hungary’s tourism sector exceeded the national economic average in April; according to the performance expectations index, they are in a more favorable position than any other sector — according to the latest survey conducted by the National Association of Tourism and Hospitality Employers (VIMOSZ) in collaboration with GKI Economic Research, […]

Nobel Prize-winning research biologist Katalin Karikó attended the opening of an open-air exhibition entitled 'The Martians', featuring outstanding figures in Hungarian science, in downtown Washington on Sunday. The Hungarian-made installation on display in front of the Kossuth House, the Hungarian Cultural Center is also partly linked to the 250th anniversary of the independence of the […]

Amid declining trading volume, the Budapest Stock Exchange (BSE) stock index, the BUX, closed at 133,872.25 points on Friday, down 3.56%, or 4,945.78 points, from the previous week’s closing value. Weekly trading volume on the stock market totaled HUF 142.41 billion, down from HUF 336.22 billion the previous week, with leading stocks posting mixed results. […]