This Sunday, the 22nd anniversary of Hungary’s accession to the European Union was celebrated at Szabadság Square, in downtown Budapest, where free concerts, the now-traditional Europe Day race, quizzes, and a variety of programs attracted thousands of visitors throughout the day. The Europe Day events were organized by the European Commission Representation in Hungary and […]

The Budapest Stock Exchange (BÉT) share index, the BUX, ended the week at 134,545.20 points, up 0.57% compared to last Friday’s close. Total trading volume rose from HUF 96.26 billion to HUF 120.60 billion on a weekly basis, with leading stocks posting mixed results. Thanks to favorable international sentiment, the BUX closed higher on Monday, […]

As part of the company’s domestic modernization process in Hungary, French sporting goods retailer Decathlon has reopened its completely renovated store in Székesfehérvár, which is celebrating its 20th anniversary this year; this is the first location outside Budapest. Levente Fekete, regional director of Decathlon Hungary and the manager responsible for store renovations, told MTI that […]

First-quarter net income of Hungarian oil and gas company MOL fell 75% year-on-year to HUF 38.8 billion as supply issues weighed, an earnings report released this week. MOL's total revenue fell 8% to HUF 2,024 billion as the company's downstream business faced a "perfect storm", starting with the disruption of deliveries through the Druzhba pipeline, […]

Hungary's parliament on Saturday elected Peter Magyar, leader of the Tisza Party, as prime minister during its inaugural session. Magyar, the leader of the victorious Tisza Party, was elected with 140 votes in favour, 54 against and one abstention. He took the oath of office and signed the related documents, then received the congratulations of […]

Following the April 12 general election, the new Hungarian parliament held its inaugural session, opened by President Tamás Sulyok, this Saturday. Attila Nagy, the head of the National Election Office (NVI), confirmed at the inaugural session that Hungary's 2026 parliamentary election was carried out in accordance with the country's constitution and legal framework. He said […]

Hungary's cash flow-based general government deficit reached HUF 3,849.8 billion at the end of April, 70.7% of the full-year target, the Ministry of National Economy said in a preliminary release of data. As reported by MTI, the central budget deficit reached HUF 3,743.4 billion and the social security funds were HUF 150.3 billion in the […]

Hungary's annualised consumer price index rose to 2.1% in April from 1.8% in the previous month, data released by the Central Statistical Office (KSH) show. Food prices rose 1.5%, but fell 0.9% excluding the price of eating out. Pork prices fell 8.5% and potato prices dropped 11.4%, but fresh fruit prices rose 7.0%. Household energy […]

Heineken® is inviting soccer and table football fans to an extraordinary record attempt on May 16, two weeks before the UEFA Champions League final in Budapest. The goal is for as many people as possible to play together at the country’s largest, 7.2-meter-long foosball table and thereby become 'Foosball Champions', the brewing company says in […]

For nearly 60% of the population, managing finances is a major source of stress, while the overwhelming majority view money as the key to security and freedom. Fear of inflation continues to weigh most heavily on Hungarians, but concerns about unemployment have also risen significantly over the past year: one in five respondents perceives the […]

In a competition organized by the Hungarian organization Autós Nagykoalíció as well as automotive sites Zöldjárműipar.hu and Járműipar.hu, a jury of automotive journalists selected the BMW iX3 as the Hungarian-manufactured vehicle of the year. As in previous years, BMW was honored in the seventh season of the Hungarian Car of the Year competition: this year, […]

Mastercard announced this week that the first live, authenticated transaction initiated by an AI agent was successfully completed in collaboration with OTP Bank, demonstrating how AI-based commerce can be implemented in a secure and responsible manner. The transaction, built on Mastercard’s Agent Pay technology, illustrates how AI agents can process purchases on behalf of consumers […]

From an economic perspective, demographic trends are vital, as they determine the size of the workforce, tax revenues, pension expenditures and the future trajectory of healthcare spending. Declining population – and its possible impact on employment – is one of the longer-term challenges faced by the new Hungarian government, headed by Péter Magyar, coming to […]

Gauges of sentiment by the German-Hungarian Chamber of Industry and Commerce (DUIHK) show an improvement in business confidence after the April 12 election. Presenting the results of the surveys on Thursday, communications director Dirk Wolfer said the share of respondents who expected to see an improvement in the local economy rose from 7% before the […]

Retail sales in Hungary rose 10.6% year-on-year in March, data released by the Central Statistical Office (KSH) on Thursday show. Retail sales rose 8.2% when adjusted for calendar year effects. Adjusted food sales increased 2.6%, non-food sales climbed 8.4% and turnover at petrol stations rose 20.6%. Online and mail-order sales volume, which accounted for 8.8% […]

German carrier Lufthansa has entered a codeshare agreement for flights operated by Skyhub PAD and Danish Air Transport connecting Pécs, S Hungary, and the southern German city of Munich, the head of the Pécs-Pogány Airport, Márk Dragovácz said at a press conference in Pécs. This move by Lufthansa to be an official codeshare partner, thereby […]