Hungary's cash flow-based general government balance showed a HUF 43.5 billion surplus in May, preliminary data released by the Finance Ministry, and reviewed by MTI, on Monday show. The surplus narrowed from a HUF 129.5 billion surplus in the same month a year earlier. The general government for the period January-May reached HUF 3,806.3 billion, […]

Logistics company STI Hungary has acquired a division of Hungary's Complex 3H that has developed a thermal system for maintaining temperatures of pharmaceutical shipments without an external power source for up to seven days, MTI reports. In a statement, STI Hungary managing director Péter Csipes said the technology could be used for shipments of biotechnology […]

The Budapest Stock Exchange closed out a volatile week, with the BUX index ending trading down 0.70% at the end of a period marked by geopolitical tensions. While Mol and Magyar Telekom managed to gain ground, OTP and Richter saw their share prices fall in a market with slightly declining trading volume, the financial website […]

Amnesty International Hungary has urged the government to introduce the EU's pay transparency rules, MTI reports. In a statement on Sunday, the organization noted that the 2023 European Union directive, aimed at eliminating the gender pay gap, requires member states to take steps to ensure pay transparency to address the disparity between men and women. […]

First-quarter revenue from premiums of Hungarian insurers inched up 0.5% year-on-year to HUF 572 billion, data released by the National Bank of Hungary (MNB), and reviewed by MTI, show. Revenue from premiums on life insurance policies decreased 8.5% to HUF 212 billion. Revenue from premiums on general insurance policies climbed 6.7% to HUF 360 billion. […]

The Boston Consulting Group (BCG), one of the world’s leading management consulting firms, has announced the appointment of Zsófia Beck, Managing Director and Partner at the Budapest office and also the head of the Energy Practice Area in Central and Eastern Europe, as the Global Lead of BCG’s Integrated Power Segment. According to a BCG […]

The launch of a regular flight between Budapest and Toronto is a sign that "transport relations between Hungary and North America have reached a new level," Parliamentary State Secretary at the Hungarian Ministry of Transport and Investment, Zsolt Tárkányi said in Budapest on Saturday, MTI reports. Speaking at a press conference after the arrival of […]

Fitch Ratings affirmed Hungary's 'BBB' long-term issuer default ratings with a negative outlook at a scheduled review, MTI reports. "Hungary's 'BBB' rating is supported by strong structural indicators, including GDP per capita well above the peer median. These strengths are balanced against high public debt, a record of unorthodox economic policies, vulnerability to energy prices, […]

The Hungarian Chamber of Engineers considers the government's plan to tighten battery manufacturing industry regulations to be professionally sound, the chamber told MTI. The chamber said the government’s decisions – setting out a national inspection plan, comprehensive inspection of priority facilities, development of a new regulatory concept, and renewal of the environmental liability system – […]

The statutory objectives of the National Bank of Hungary (MNB) include, directly and indirectly, the support of environmental sustainability, the central bank said in a statement on the occasion of World Environment Day. The effects of climate change can spread through various transmission channels into the economic and financial system, affect inflation, foreign exchange reserve […]

Romanian parcel delivery company Sameday will withdraw from Hungary after its planned merger with Express One, a subsidiary of Austrian Post, failed to receive the license for foreign direct investments, the company's PR department said on Friday, MTI reports. In their announcement, they noted that Sameday had earlier this year signed an agreement to sell […]

In the tenth academic year of the European Parliament’s Ambassador School Program, eleven new schools joined the initiative in Hungary. The schools that joined in the 2025–2026 academic year received their plaques at a ceremony held at the Europe Point on June 5, 2026. Launched ten years ago, the program aims to raise young people’s […]

According to seasonally and working-day adjusted data, industrial production increased by 0.9% year-on-year and declined by 1.1% compared to the previous month, a first reading of data released by the Central Statistical Office (KSH) on Friday shows. The Office points out that working-day adjusted index is equal to the non-adjusted one. Production volume decreased in […]

The Hungarian banking system continued to be characterized by high profitability, ample liquidity and a strong capital position in 2025, the National Bank of Hungary (MNB) says in an analysis released this week. In the fresh biannual Financial Stability Report, the central bank and financial market regulator points out that the ratio of non-performing loans […]

This year’s Sziget Festival welcomes visitors with a new concept: the Jardin des Arts (Garden of the Arts) connects the worlds of contemporary circus, dance, audiovisual arts, and multidisciplinary performances as a cohesive cultural quarter, allowing visitors to be not only spectators but also creators of the experiences. According to a press release sent to […]

ABZ Innovation is investing HUF 2.7 billion in Szentendre, north of Budapest, to create a manufacturing center for drones used for civilian purposes. Máté Keczer, the executive director of ABZ Drone, which is the distributor for drones manufactured by ABZ innovation, said they mainly deal with agricultural and industrial drones. The executive director added that […]