This Wednesday, President Donald Trump of the United States and President Masoud Pezeshkian of Iran signed a memorandum of understanding aimed at ending the military conflict between the two countries. The agreement includes the reopening of the Strait of Hormuz, which could also ease the pressure on the global economy. This development is likely to […]

Singapore-based Vulcan Shield, which supplies high-temperature insulation solutions to a range of industries and is building a plant in Békéscsaba (SE Hungary), has started test production with 12 workers at a plant rented from Linamar Hungary, executive manager of the Hungarian unit, Lóránt Komjáti is quoted by MTI as saying. Speaking at a local council […]

According to Greenpeace Hungary, the Hungarian Bioculture Association and the Hungarian Nature Conservation Association, the government must make it clear that Hungary continues to support a GMO-free agriculture sector, the organizations said on Thursday. According to civil society groups, it was an “unexpected shift” that the Tisza MEPs voted in the European Parliament (EP) to […]

The government aims to support companies generating real added value for Europe and Hungary by creating a level playing field, Minister of Economy and Energy István Kapitány said in Gyor, at the launch of the serial production of Audi Hungaria's new MEBeco electric drive, on Thursday. MTI quotes István Kapitány as saying that the government […]

Hungarian e-commerce sales reached HUF 2,100 billion last year, up by 9.3% from 2024 and increasing tenfold compared to 2015, PwC Magyarország lead manager Norbert Madár said on Thursday citing the company’s report on the topic at an awards ceremony. As MTI reports, turnover of domestic e-retailers exceeded HUF 1,700 billion in 2025, a 4.2% […]

More than half of school students aged 7-10 years use some kind of financial app in their daily lives in Hungary, according to representative research presented at a joint press conference held by Erste and Visa. It was also revealed that parents believe ages of 7-10 years are the most appropriate for introducing children to […]

Hungarian Finance Minister András Kármán and Transportation and Investment Minister Dávid Vitézy have met with Matteo Patrone, the Vice President for Banking at the European Bank for Reconstruction and Development (EBRD) on Wednesday, the ministers said on social media. András Kármán said they discussed how the EBRD can contribute to restarting investments after the significant […]

One of the most ancient and prestigious Milanese Maisons officially opens in the Matild Palace hotel in Budapest, in the heart of Europe, according to a press release issued this Wednesday. Founded in 1817, Cova has represented for over two centuries the excellence of Italian elegance, craftsmanship and refined hospitality. The Maison was born in […]

The E.ON Hungária Group has commissioned a new 132/22-kilovolt transformer substation in Répcelak, W Hungary. The project, which was implemented with EU funding and cost approximately HUF 2 billion, improves the reliability of electricity supply for more than 15,000 customers in the northern part of Vas County. The investment was carried out as part of […]

The children's clinic of Semmelweis University in Budapest has launched a nationwide survey to gauge the quality of life of children between 4 and 18 years and their families in the country, the institution said on Wednesday. As MTI reports quoting the statement, researchers are hoping to gain a comprehensive view based on anonymous answers […]

Futureal Energy Partners (FEP), a business unit of Hungary's Futureal Group has acquired one of Aretis Group’s battery energy storage system (BESS) portfolios in Latvia, which has a capacity of 45 megawatts (MW) and a storage capacity of 120 megawatt-hours (MWh), the company announced to MTI on Wednesday. The transaction includes two greenfield projects currently […]

Hungary has made important progress in connection with the rule of law since its new government took office last month, Michael McGrath, the European Union's commissioner for justice and rule of law, said in Luxembourg on Tuesday, MTI reports. Speaking at a press conference after a meeting of the General Affairs Council, Michael McGrath gave […]

Hungary's tourism sector generated 10.2% of GDP, including multiplier effects, in 2025, a report by the Central Statistical Office (KSH), reviewed by MTI, shows. Presenting the report on Tuesday, Tamás Tóth, the office's deputy head, noted that the tourism sector was the biggest contributor to Hungary's surplus in trade of services and accounted for the […]

ContiTech Rubber International Ltd. has started recruiting more staff for its business service centre in Szeged (SE Hungary), the local unit of Germany's ContiTech said on Monday. ContiTech Rubber International Ltd. plans to hire 130 more white-collar workers at the BSC by the end of 2027, for positions in sales, business development, supply chain, engineering, […]

MVM Démász and MVM Émász, regional electricity distributors of state-owned energy group MVM, have completed HUF 55 billion of grid upgrades, the companies said on Monday. Half of the investment cost was covered by state funding and the European Union's Recovery and Resilience Facility (RRF). MVM Démász, the distributor for the south of the country, […]

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, […]