At its meeting on May 21, 2024, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to cut central bank interest rate by 50 basis points to 7.25%. The MNB says in a press statement that its primary objective is to achieve and maintain price […]
The stock index of the Budapest Stock Exchange (BSE) fell this week, closing at 68,088.24 points on Friday, 1,113.71 points, 1.61 percent lower than a week earlier, MTI reported Sunday morning along with a brief analysis of the week's trading. The stock market turnover for the week was HUF 49.84 billion, down from HUF 59.47 […]
Almost USD one billion were spent by foreign movie productions in Hungary last year, quadrupling the amount spent in 2018, it was revealed at a panel discussion at the 77th Cannes International Film Festival. After the event held with the participation of producers Ildikó Kemény, Robert Lantos and Mike Goodridge on Friday on the challenges […]
“The wonderful capital, Budapest, with its unique location and rich historical and cultural heritage, is a magnet for everyone. It has also been a focus for foreign real estate investors for many years, mainly due to the boom in tourism, as fortunately the Hungarian capital remains a very popular destination for European city breaks. That […]
The European Union has finalized a historic reform of its migration and asylum policy, achieving a milestone that had eluded the bloc for nearly a decade. The new regulations, part of the New Pact on Migration and Asylum, aim to create a fair and predictable system for handling asylum seekers, ensuring that all member states […]
To honor the 100th anniversary of its foundation, the National Bank of Hungary ('Magyar Nemzeti Bank' - MNB) is issuing a 100-forint commemorative circulation coin at a ceremonial event. This anniversary also marks the foundation of the independent Hungarian financial system; therefore, the centenary is recorded by unique collector coins in addition to the circulation […]
The success of the Hungarian automotive industry sends a clear message to manufacturers and investors that it is economically rational to keep production in Hungary. That is according to government commissioner István Joó, CEO of the Hungarian Investment Promotion Agency (HIPA), who spoke at the organisation's automotive conference in Budapest on Thursday. At the event, […]
There is no Europe without industry, and there is no Hungary either, and Mol believes that it can only remain strong with a sovereign and competitive industry. That is according to the CEO of the petrochemical Mol Group, Zsolt Hernádi at the inauguration of the Mol Polyol Complex in Tiszaújváros on Tuesday. At the ceremony, […]
Budapest Airport, the operator of the Ferenc Liszt International Airport in the Hungarian capital, launched a major development program in spring 2019, and over the past 5 years, the value of airport developments has exceeded HUF 130 billion, the company says in a statement. This spring, a new series of investments worth HUF 17 billion […]
The consolidated sales revenue of the pharmaceutical company Gedeon Richter Plc. was HUF 203.4 billion in the first quarter of 2024, 3.0% lower than a year earlier, the pharmaceutical company announced on the website of the Budapest Stock Exchange (BSE) on Tuesday. Analysts had expected revenues to fall 3.6% to HUF 202 billion. In the […]
The 24th Gyula Pálinka Festival, celebrating this special Hungarian fruit brandy, will be held between May 17-19, the organizers announced at a press conference on Monday in the Castle Garden in the southeastern Hungarian town of Gyula. Mayor Ernő Görgényi said that the festival is the town's biggest gastronomic event and has a significant tourist […]
With an investment of more than HUF 5 billion, Schaeffler Savaria Ltd., a manufacturer of automotive components, has upgraded its site with a logistics hall with a floor area of 6,200 square meters and an office building with a floor area of 2,200 square meters in Szombathely, the company told MTI. The new facility includes […]
Free concerts, the traditional Europe Day running race, quizzes and civic programs attracted thousands of visitors to Budapest's downtown Szabadság Square on Sunday, where the focus was on the 20th anniversary of Hungary's EU accession and the EP elections. The Europe Day events were organized by the European Commission Representation in Hungary and the European […]
Hundreds of exhibitors, including 160 winemakers, are awaiting guests at the Szeged Wine Festival, the country's largest wine festival, which starts on Thursday and will last eleven days this year, the managing director of Szeged Cityscape and Market Ltd., the organizer of the series of events, told MTI. Attila Rácz said that visitors can meet […]
The Budapest Stock Exchange's (BSE) share index, the BUX, rose by 1.76% this week, or 1,199.71 points, compared to last Friday's close, to close at 69,201.95 points, a new all-time high, MTI reported this Sunday morning. Total turnover rose from HUF 46.306 billion to HUF 59.474 billion on a weekly basis. All the leading shares […]
