67-year-old Olympic champion canoe paddler István Vaskuti has officially been named as the new ‘Athlete of the Nation’, according to a government decision published in the official gazette ‘Magyar Közlöny’. The Athlete of the Nation group has 12 members. One of them, Olympic champion wrestler János Varga died this past December and the other members […]

The Budapest Stock Exchange (BSE) share index fell on a downward trend this week, with the BUX closing at 45,626.92 points on Friday, 380.19 points, 0.83% lower than a week earlier, MTI reported along with a brief analysis of the week’s trading. The weekly turnover of the stock market was HUF 35.72 billion, up from […]

In his annual ‘State of the Nation’ address this afternoon, Prime Minister Viktor Orbán discussed a wide range of issues, including his government’s stance on the war in Ukraine, the fight against inflation, and the biggest dangers facing Hungary in the next few years. On questions impacting Hungary’s future the most, PM Orbán said that […]

Last year, 2.8 million guests spent 8.8 million guest nights at Lake Balaton, which means 38% more guests and 27% more guest nights compared to the previous year, the professional director of the Hungarian Tourism Agency (MTÜ), Szabolcs Juhász said at the meeting of the Balaton Development Council on Friday. The Balaton tourism region was […]

At the start of the last census, on October 1, 2022, the population of Hungary was 9 million 604 thousand and there were 4 million 593 thousand dwellings in the country, Marcell Kovács, project manager of the census, said at a press conference in Budapest on Thursday. Marcell Kovács pointed out that in the period […]

Gyermelyi Plc. inaugurated a new mill northwest of Budapest on Friday with an investment of more than HUF 6.5 billion, creating the largest single-site milling enterprise in Hungary. The Hungarian government provided HUF 1.7 billion, that is, over a quarter of the invested amount, in non-refundable state funding. The new mill is capable of grinding […]

Energy services provider and trader Alteo Group achieved a net profit of HUF 12.9 billion in 2022, an increase of 120% compared to 2021, the company said on Friday. Alteo has been successful despite the challenges in the energy market, turning difficulties to its advantage with a strategy based on sustainability and renewable energy, the […]

With new investments worth nearly HUF 70 billion, a logistics and distribution center will be set up by German giant Bosch and the manufacturing capacity of its site in Miskolc, NE Hungary will be extended, the Hungarian Investment Promotion Agency reports. Bosch Group is known for being an exceptionally active investor in Hungary: it pumped […]

Hungary’s economic performance stumbled at the end of last year, confirming analyst views that the economy was in a technical recession from the second half of last year. The government expects the economy to expand in 2023. Hungary’s statistical office reported a contraction for a second consecutive quarter this week. Gross domestic product (GDP) fell […]

Initial studies and surveys have found thermal water beneath Procter & Gamble's plant in Csömör, just outside Budapest, and thanks to the company's fortunate geographic location, it has embarked on a long-term planning process in collaboration with the Csömör Municipality to replace its entire natural gas consumption with geothermal energy. "In the current energy market […]

Hungarian freight forwarding and logistics firm Trans-Sped Kft. celebrated the inauguration of its brand-new logistics hall in Nagytarcsa. The investment is part of a seven-year development plan that mobilizes EUR 23 million and creates 257 new jobs. The Hungarian state covers 30% of the investment costs. Seated in Debrecen, fully Hungarian-owned Trans-Sped Kft. has been […]

MOL Group announced its financial results for Q4 and full year 2022 on the website of the Budapest Stock Exchange. Despite the unprecedentedly turbulent external environment, MOL Group generated USD 1.074 billion in the fourth quarter of 2022, bringing full-year EBITDA to USD 4.702 billion. Upstream and Downstream together provided 95% of this result in […]

Last year, the Hungarian Food Bank Association saved and distributed food worth around ten billion forints to the needy, helping around 240,000 people in need. Last year, the Association saved almost one and a half times as much food as in the previous year to keep up with the growing needs of the needy, the […]

Forbes Travel Guide ('FTG'), the only global rating system for luxury hotels, restaurants, spas and ocean cruises, today announced its 2023 Star Awards. Kempinski Hotel Corvinus Budapest earned a new Forbes Travel Guide Four-Star award. Kempinski Hotel Corvinus Budapest defines contemporary luxury in its outfitting, as well as service, in the heart of Budapest. Boldly […]

Gedeon Richter Plc. and Mithra Pharmaceuticals have announced that they signed a license agreement for the commercialisation of Donesta®, a novel product candidate for the treatment of post-menopausal symptoms, according to a statement on the website of the Budapest Stock Exchange. The completion of the agreement follows the signing of the Binding Term Sheet by […]