The 44th Hungarian Press Photo Exhibition, showcasing the best press photographs of last year, has opened at the Robert Capa Contemporary Photography Center in Budapest. The exhibition will remain open until November 8. The show features the images that were awarded the Grand Prize of the National Association of Hungarian Journalists ('Nimród', a series by […]

South Korean tire maker Hankook has completed a EUR 540 million expansion at its plant in Rácalmás (C Hungary) where production of truck and bus tires will begin in October. The newly built plant has an annual production capacity of more than 800,000 units. The South Korean conglomerate announced on Tuesday that the fourth phase […]

Hungarian Parliament elected five new justices to the Constitutional Court in a secret ballot on Tuesday. The new justices are Nóra Chronowski, Miklós Ligeti, András György Kovács, Zsolt Szomora and Árpád Gábriel Orosz, all nominated by the governing Tisza Party. The newly elected Constitutional Court justices took their oath before Parliament. Parliament elected new justices […]

Output of the automotive industry, Hungary's biggest manufacturing sector, climbed 18.0% year-on-year in July, a detailed reading of data released by the Central Statistical Office (KSH) on Tuesday shows. The automotive segment accounted for 27% of manufacturing output during the month. Output of the computer, electronics and optical equipment segment, which accounted for 15% of […]

Ildikó Enyedi's 'Silent Friend', starring Tony Leung Chiu-wai, will represent Hungary in the international feature film category at the 99th Academy Awards, the National Film Institute (NFI) has announced. Each country may submit one film for the category under Academy rules. Members of the film academy will select five nominees from the official submissions, which […]

Energy group Alpiq inaugurated a EUR 64 million hybrid power plant – combining gas engine generation with battery storage – in Budapest on Monday. Gábor Briglovics, managing director of Alpiq Hungary, said at the handover ceremony that the Csepel gas-fired power plant has a capacity of 50 megawatts (MW), and with its commissioning, the combined […]

In July 2026, construction output volume, based on both raw and working-day adjusted data, was 12.2% lower than a year earlier, the Central Statistical Office reports. Output of both main construction groups decreased, that of buildings by 10.7% and that of civil engineering by 14.0%. Based on seasonally and working-day adjusted indices, construction output was […]

The Budapest Stock Exchange’s stock index (BUX) rose to a new all-time high this week. The BUX closed at 152,518.27 points on Friday, marking a 3.23% weekly gain, while weekly trading volume fell short of the previous week’s level. Among the leading stocks, Mol performed the best, with its share price rising 8.64% and also […]

“Euro adoption must be carried out in such a way that it yields more benefits than risks for Hungary’s economy,” according to National Bank of Hungary (MNB) Governor Mihály Varga, speaking at the 64th Itinerant Congress of Economists this week. He underlined that it was necessary to adopt the euro in a manner that would […]

Former National Bank of Hungary (MNB) governor Péter Ákos Bod is of the view that the macroeconomic trajectory outlined by the Hungarian government is achievable with a normal market economy. Addressing an annual conference of economists in Eger (NE Hungary), Péter Ákos Bod highlighted the nationalization of voluntary pension savings in 2011 in explaining why […]

Kaboom Technologies, headquartered in Budapest, has begun operations and will bring together the solutions of more than 30 international defense technology companies, the company announced. According to their plans, they will combine American, European, and Israeli technological expertise with Hungarian engineering, manufacturing, and business capabilities, and will enter the Hungarian and European markets through joint […]

Nestlé Hungária announced on Friday that it has reached an agreement with Vimpex Group which will take over Nestlé’s factory in Diósgyőr, a part of the city of Miskolc (NE Hungary). The Swiss-based multinational announced this summer that it would close its Miskolc facility at the end of the year. In a statement, Nestlé informed […]

Hungarian owners of diesel vehicles with a maximum of 150 horsepower will receive a total of HUF 20,000 in compensation by December, Prime Minister Péter Magyar said in a post on social media on Friday. The prime minister stated that direct and effective support would be provided to the owners of nearly 1m diesel vehicles […]

Italian-owned electronic manufacturing services company DTI Hungary plans to expand production at its base in Zalaegerszeg (W Hungary) and raise headcount, the city's mayor said after a walkthrough and talks with management. DTI Hungary will enhance its cooperation with the ZalaZONE vehicle testing grounds, the city's industrial park and local educational institutions, he said. The […]

Energy costs account for 4–10% of the total operating costs of domestic small and medium-sized enterprises (SMEs), while Hungarian companies pay one of the three highest gas prices in Europe. Amid market uncertainties and rising prices, flexible consumption and energy storage may offer a solution, SME Sales Manager at E.ON Energy Solutions, Sándor Szalai explained […]

Erste Bank Hungary analysts put Hungary's GDP growth at 1.7% in 2026 and 2.2% in 2027, the lender said in a forecast on Thursday. The bank's analysts put a protracted conflict in the Middle East, tensions over tariffs, the impact of drought on the farm sector and a summer energy crisis among downside risks. On […]