The volume of industrial production declined in July 2024 by 1.3%, year-on-year, based on working-day adjusted data production dropped by 6.4%, the Central Statistical Office (KSH) reports. Compared to crude data, the significant difference is due to the fact that there were two more working-days in this month than in July 2023. Out of the […]

Investments are flowing into Hungary, and the country's economy is doing very well in EU comparison, the daily Magyar Nemzet wrote on Friday. According to the article, the state of the Hungarian economy is increasingly being discussed in public debates, and there are many opinions in the public domain, but instead of these, it is […]

The 33rd Budapest Wine Festival opened this Thursday with Georgia as guest of honor, featuring wines from numerous Hungarian and international producers, gastronomic specialties, panel discussions and other events on the terraces of the Buda Castle Palace until Sunday. In his welcoming speech, Hungary’s Agriculture Minister István Nagy was of the view that the festival […]

Hungary’s bold threat to send a convoy of buses packed with migrants to Brussels, a direct protest against European Union policies, has sparked outrage and could lead to swift EU retaliation, the bloc’s executive branch warned this week. Last week, Hungary’s anti-immigrant government said it planned to offer migrants a free, one-way ticket to Brussels […]

The image of wandering through the maze of bureaucratic red tape: queuing, printing, scanning, filing and then waiting patiently for one's case to reach the relevant person. Naturally, people want the best customer experience for the tax they pay. The digitization of public services is a major contribution to this, the Budapest-based economic research institute […]

The energy company MVM is drilling its tenth well in the gas fields of Eastern Hungary, the Ministry of Energy (EM) said on its Facebook page on Wednesday. The ministry explained that the drilling of the fourth new well in the Sarkad area of Békés County was recently completed and is currently being tested. The […]

The Eastern Hungarian city of Debrecen won silver and the southwestern spa town of Zalakaros gold in this year's European Cities and Villages in Bloom competition, one of the most prestigious European contests in the field of environmental architecture, the Hungarian Tourism Agency (MTÜ) has told MTI. According to the information, a total of 11 […]

The Minister of Public Administration and Regional Development, Dr, Tibor Navracsics, has met – in Lajoskomárom, southwest of Budapest – with rural business leaders at an event of the Modern & Stylish Rural Business Community (MSVK), which now brings together nearly 60 businesses. The theme of the day was current and future issues of regional […]

From this September, the poultry farming group Master Good starts a long-term cooperation with Bátor Tábor [‘Camp Courage’], that provides healing experiences to seriously and chronically ill children and their families: a portion of the proceeds from the sale of Füstli brand products with a promotional label, HUF 10 per pack, will be donated to […]

One of China's largest and most famous international economic fairs will be held in Xiamen in the coming days, and Hungary will be the guest of honor after Chinese President Xi Jinping personally invited Hungary to participate during his visit to Budapest, Levente Magyar, Parliamentary State Secretary of the Ministry of Foreign Affairs and Trade, […]

Retail sales in Hungary continue to disappoint, offering little cause for optimism. Since April 2024, the sector has been stuck in stagnation, with recent data providing few signs of improvement. Despite some positive indicators, the figures remain well below expectations. According to the latest data from the Hungarian Central Statistical Office, June’s weak performance was […]

The largest green hydrogen plant in Central and Eastern Europe, with a capacity of 10 megawatts, has started production at the Hungarian Mol Group's refinery in Százhalombatta, just south of Budapest, producing 1,600 tons of clean, carbon-neutral green hydrogen per year, which is used in fuel production, the company informed MTI on Wednesday. The statement […]

The after-tax profit of energy and soft drinks producer Hell Energy Group increased by 137.8% to HUF 13.72 billion in the first half of 2024 compared to the same period a year earlier, Hell Energy Hungary Ltd. announced on the website of the Budapest Stock Exchange (BSE) on Wednesday. The sales volume increased by 14.1% […]

Agnieszka Bobrukiewicz has become a member of the Board of Directors of the ORLEN Unipetrol Group, the largest refining and petrochemical company in the Czech Republic. In her new role, effective September 1, 2024, she will focus primarily on the management of the Group's retail segment and marketing activities within the Czech, Slovak and Hungarian […]

The recent record high inflation rate has made Hungarians more financially aware, with more and more of them trying to plan their finances, according to Provident research. In fact, change is needed: Hungarians are still finding it difficult to navigate the world of financial products compared with their European counterparts. A recent survey by Provident […]

A significant proportion of Hungarian companies are not aware of the environmental, social and governance (ESG) aspects they need to comply with, the biggest challenge for them is navigating the legislation and the lack of resources, according to an international survey published by Ernst&Young (EY). EY examined the conditions of ethical operation in 2024 by […]