The theme of the World Expo 2025 to be held between April 13 and October 13, 2025 in Osaka is ‘Designing Future Society for Our Lives’. As to how this theme reflects Japan's vision for addressing global challenges and shaping the future, Ambassador Ono highlights to Diplomacy&Trade that world expositions are places where wisdom from […]
Zsófia Beck, managing partner for the energy industry in Central and Eastern Europe at the Boston Consulting Group (BCG), has been appointed global head of the firm's integrated energy utilities segment. According to the announcement, this is the first time the consultancy has appointed a leader to a global position from its Budapest office. Zsófia […]
The Government of Japan has reaffirmed its commitment to supporting those affected by the ongoing war in Ukraine by providing USD 178,748 to the International Organization for Migration (IOM) in Hungary. This funding will enable vulnerable refugees to access safe and dignified accommodation while also supporting their transition to independent housing, contributing to sustainable solutions, […]
Raiffeisen Bank Plc. closed last year with a consolidated profit after tax of HUF 115.9 billion, 12.3% higher than in 2023, the financial institution reported on the website of the Budapest Stock Exchange (BSE) on Monday. According to the statement, the biggest contributors to the increase in profit were a significant rise in commission income […]
According to preliminary data the deficit of the general government sector was HUF 4 002 billion in 2024, 4.9% of GDP. The balance improved year-on-year by HUF 1 097 billion, close to 1.8 percentage points as a proportion of GDP. The Hungarian Central Statistical Office (KSH) reported the data to Eurostat, the Statistical Office of […]
The Hungarian capital’s Ferenc Liszt International Airport will welcome the summer season with the largest number of flights in its history: 200 flights to 136 destinations and with 13.8 million seats available, more than ever before. The offer includes new destinations and airlines, as well as significant increases to existing destinations, the airport operator Budapest […]
Trimetrik Ltd., a manufacturer of injection-moulded plastic parts for railway and road vehicles, has built its central production plant in Székesfehérvár with a budget of more than HUF 2 billion, the Székesfehérvár municipality told MTI. The more than 6,000-square-meter plant was built in the Alba Industrial Zone thanks to the Hungarian Multi Program with the […]
The Balaton Shipping Company (BAHART) is focusing on families and cyclists with its discounts and services in this year's 179th passenger shipping season, and also aims to match or even exceed last year's record traffic, the shipping company's CEO Gábor Veigl said at the company's season opening event on a catamaran sailing between Fonyód and […]
H-Vend Service Ltd., based in Szeged, SE Hungary, has developed, with EU support, beverage and food vending machines using digital technology, which can be managed remotely and controlled without touching, the firm's managing director and owner, Gábor Haska said on Friday. At a press conference presenting the project, he said that H-Vend Service Ltd., founded […]
In February 2025, the average number of employed persons aged 15–74 was 4,682,000, essentially the same as a year earlier, the Central Statistical Office (KSH) reports. The number of unemployed persons was 220,000 and the unemployment rate 4.5%, the report says. Employment, December 2024-February 2025:In the period December 2024-February 2025, the average number of employed […]
An electricity storage system is being installed at the Várpalota site of aluminium semi-finished products manufacturer Inotal Plc. The HUF 3 billion investment, which will be financed with HUF 1.35 billion from EU funds and HUF 1.65 billion from the company's own resources, is expected to be completed by autumn this year, the plant's director, […]
Generation Z young adults born after 1997 are increasingly represented in the labor market and making independent financial decisions. Their habits differ significantly from those of older generations in many areas of life, including a very different attitude to money than their parents or grandparents. It is an important responsibility for financial service providers to […]
According to preliminary data, 5,653 children were born and 10,934 people died in Hungary in February 2025, the Central Statistical Office (KSH) reported this Friday. The number of births lessened by 9.1%, that of deaths by 0.7% and that of marriages by 14% compared to the same month of the previous year. In February 2025:A […]
Hungary’s State Audit Office filed a complaint against a controversial foundation established by the central bank claiming years of financial mismanagement and opaque dealings. The police are investigating the case which involves funds in excess of $1 billion. The foundation, Pallas Athéné Domus Meriti (PADME), set up shortly after former Hungarian National Bank (MNB) Governor […]
The Hungarian pharmaceutical company Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that the European Medicines Agency (EMA) has accepted Richter’s marketing authorization application (MAA) for its proposed biosimilar to RoActemra tocilizumab. Tocilizumab, the first biologic to inhibit IL-6 signaling, is indicated for the treatment of rheumatoid arthritis, juvenile idiopathic […]
