Companies invest significant resources in improving efficiency: processes, costs, teams and tools are constantly optimized. Yet one area is still often overlooked: the way meetings are organized. The real cost of a meeting is rarely the venue, catering or technology. More often, it is time. A two-hour meeting is almost never just two hours. Travel, […]

Take-up on the industrial property market in and around Budapest reached 175,510 sqm in the second quarter, the Budapest Research Forum (BRF) said on Wednesday. New leases accounted for 18% of total demand, renewals for 44% and contracts for additional space for 12%. Pre-leases made up 26%. The vacancy rate in greater Budapest stood at […]

Hungary's HUN-REN Alfréd Rényi Institute of Mathematics will become part of a new Max Planck Center (MPC) for mathematical sciences, alongside Yale University and Germany's Max Planck Institute for Mathematics in the Sciences, the Alfréd Rényi Institute said on Wednesday. The Max Planck Center is one of the highest-level international collaborations within the Max Planck […]

Wines from the Mura region in southwest Hungary, close to the borders with Croatia and Slovenia, have been added as a Protected Designation of Origin (PDO) in the European Union's eAmbrosia database, the European Commission said on Wednesday. The reputation and quality of the wine are closely linked to the geographical environment of the region […]

The Hungarian government decided last week to launch a HUF 3,500bn, ten-year railway development plan, Prime Minister Péter Magyar said at a press conference this Wednesday. The prime minister stated that the development of the Hungarian railway system is not merely a matter of transportation, but one of national strategy and economic development; among other […]

Provident Financial Ltd. has reached another milestone: it has officially opened its 20th customer service center in Hungary, located in District IX, which is also the company’s second customer service center in Budapest. The company says that thanks to the new customer service center, residents of South Pest and the surrounding metropolitan area can access […]

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25 basis points to 5.75% 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 4.75% and the […]

Combined revenue of the 92 members of the Association of Hungarian Logistic Service Centers (MLSZKSZ) climbed 14% in 2023-2025, while profit surged 41%, the association said on Tuesday. Annual revenue rose from HUF 1,117 billion in 2023 to HUF 1,269 billion in 2025. After-tax profit climbed from HUF 77.6 billion to HUF 109.6 billion during […]

Hungary's first humanitarian aid package to earthquake-hit Venezuela has arrived in Caracas, Hungarian health minister Zsolt Hegedűs said on social media on Tuesday. The minister noted that over 5,000 people are known to have died in two quakes, measuring 7,2 and 7,5 on the Richter scale, on June 24, while over 16,000 people were injured. […]

Demand in the real estate market has been subdued this year, with sales volume down compared to last year; however, more properties priced above the average were sold in the first half of the year, real estate broker Duna House reported on Tuesday. According to their analysis, sales of residential properties priced above HUF 100 […]

Based on May data from the Hungarian Central Statistical Office (KSH), there are no signs of a turnaround in the construction industry yet: production volume fell by 10.7% year-on-year and by 6.5 % compared to the previous month. However, according to the local unit of Italian building materials manufacturer Mapei, the statistics do not yet […]

Hungary's largest lender, OTP Bank Plc. announces that it signed a share purchase agreement to acquire 100% of the shares of Luminor Holding, the parent company of Luminor Bank, operating in the Baltic region. In an extraordinary announcement, OTP Bank Plc. said on the website of the Budapest Stock Exchange that the shares of Luminor […]

Researchers at the Budapest University of Economics (BGE) have developed a scientifically based ecological footprint calculator for businesses. The application supports sustainability decisions with an easy-to-understand metric and shows user companies in which areas they can achieve the greatest impact and where their environmental impact is most significant, the university says on its website. With […]

“During this transitional period, I will do my utmost to carry out the duties entrusted to me in a balanced and impartial manner, serving the interests of the country,” Ágnes Forsthoffer, Speaker of the National Assembly wrote after Amendment 17 to the Fundamental Law entered into force with the signature of President of the Republic […]

Hungary’s strategic fuel reserve has doubled since the low point in March, so Hungary's fuel supply is secure, but reserves need to be stockpiled, the Ministry of Economy and Energy has announced. The strategic fuel reserve ensures that the country can continue to function and that families and the economy are supplied in the event […]

The Budapest Stock Exchange (BSE) stock index fell this week amid declining trading volume; on Friday, the BUX closed at 140,981.27 points, down 1.04% from the previous week. Weekly trading volume totaled HUF 102.8 billion, down from HUF 104.7 billion the previous week, with leading stocks – with the exception of Mol – posting losses. […]