Last year, nearly three billion electronic payment transactions were carried out in Hungary, up from 2.5 billion the previous year, while the proportion of users of electronic payment solutions and businesses accepting such transactions is also steadily rising. That is according to Miklós Luspay, Director of the Financial Infrastructures and Payment Systems Directorate at the […]

Listed property company Appeninn booked a first-half loss of EUR 6.2 million as portfolio revaluations resulting from the stronger forint weighed, an earnings report released on Monday shows. Appeninn booked after-tax profit of EUR 3.4 million in the base period. The fresh P+L statement shows an EUR 8.8 million property revaluation loss, including a EUR […]

Researchers of Hungary's HUN-REN Wigner research center have been awarded the Gregori Aminoff Prize of the Royal Swedish Academy of Sciences for developing a new method for crystal structure determination, the HUN-REN research network said on Monday. According to HUN-REN's website, the technique developed by Miklós Tegze, Gábor Bortel and Gyula Faigel at the Wigner […]

In today’s business world, successful corporate events are no longer defined solely by conference rooms, presentations and formal schedules. Companies are increasingly looking for venues that combine professional infrastructure with an inspiring environment – places where meetings can become opportunities for meaningful conversations, networking and new connections. Located in Budapest’s 9th district, directly next to Groupama Aréna and MVM Dome, TRIBE Budapest Stadium offers a contemporary approach to business events, bringing meetings, conferences, gastronomy, networking and accommodation together under one roof.  A Convenient Location for Business Events […]

Amid rising trading volume, the Budapest Stock Exchange (BÉT) stock index strengthened this week; on Friday, the BUX closed at 152,688.63 points, up 0.11%, or 170.36 points, from the previous week. Weekly trading volume totaled HUF 143.7 billion, up from HUF 98.7 billion the previous week, with leading stocks posting mixed results. On Monday, in […]

The management of PannErgy, as Hungary's leading geothermal heat producing company, has set a consolidated IFRS EBITDA target range of HUF 4,300–4,450 million for the 2026 business year (published in January 2026), the median value of which represents organic growth compared to the expected results of the 2025 business year. The company generated consolidated sales […]

Twelve Hungarian hotels are included in the Michelin Guide Global Hotel Selection this year, Michelin Guide says in a press release. The Four Seasons Hotel Gresham Palace Budapest and the Matild Palace, a Luxury Collection Hotel, received a two-key rating. Ten other hotels are listed with one Michelin key, all of which were already on […]

Hungarian author László Krasznahorkai, the winner of last year's Nobel Prize in Literature, has received the Doctor Honoris Causa title of Budapest's Eötvös Lóránd University. László Krasznahorkai is truly deserving of the university’s highest honor, based on his body of work, which enriches universal culture with enduring values, and his internationally outstanding achievements, according to […]

Budapest’s Liszt Ferenc International Airport handled 2,137,301 passengers in August of this year, a 12.3% increase compared to the same period last year, Budapest Airport announced on Friday. Total passenger traffic for the summer months was 6.2 million, exceeding all previous summer figures and representing a 13.7% increase over last year. In August, the most […]

The government has restarted negotiations with the Norway Grants for development funding for Hungary, which could bring over EUR 92 billion (EUR 254.1m) to the country, Foreign Minister Anita Orbán announced on Friday. She said in a social media post that the government aimed to reach an agreement under which the majority of the funds […]

In the 2025/26 fiscal year, JYSK’s combined in-store and online sales revenue in Hungary rose by 12.7% to HUF 100.3 billion, exceeding HUF 100 billion for the first time, the Scandinavian-based retail chain said on Friday. In Hungary, the number of customers, including online sales, rose by 6.1%, or 212,000; the company opened four new […]

The real question is whether it will be possible to create a sustainable rental housing sector with rental housing construction. Building apartments is a one-time investment, while creating a rental housing system is a decades-long housing policy task, according to a new research study by the GKI Economic Research Institute. In Hungary, the proportion of […]

Hungarian oil and gas company MOL inaugurated a HUF 21.6 billion solar park and battery storage facility in Algyő (SE Hungary) on Thursday. The 37.5 MW solar park was paired with 40 MWh of battery storage capacity. MOL now has nine solar parks with a combined capacity of over 400 MW. MOL plans to install […]

A groundbreaking U21 men’s singles tennis tournament with substantial prize money is held from September 18 to 20 at the PG Tennis Club on Kőér Street in Budapest. The Stanley Cup’s main sponsor is the STANLEY hand tool brand. The goal of the STANLEY Cup is to provide genuine competitive and developmental opportunities for male […]

Analysts at MBH Bank, Hungary's second-biggest lender, put GDP growth at 1.8% in 2026 and 2.5% in 2027 in a forecast released on Thursday. MBH Bank Analyst Center head Zoltán Árokszállási said the pickup in growth would be supported by the arrival of Hungary's unlocked European Union funding, new industrial capacities and improved external demand. […]

National Bank of Hungary (MNB) governor Mihály Varga underscored the need to strengthen cooperation among central banks to support financial stability amid an increasingly fragmented world, opening the premiere edition of the Budapest Financial Summit on Wednesday. Although local challenges may vary from economy to economy, the need for stability, resilience and efficient institutions is […]