The Hungarian Government Debt Management Agency (AKK) sold HUF 68.0 billion of securities at auction on Wednesday, HUF 18.0 billion more than planned. As MTI reports, AKK sold HUF 8.0 billion of discount twelve-month T-bills, cutting its original HUF 30.0 billion offer after primary dealers bid for just HUF 12.0 billion of the securities. Average […]
The balance of power in the global meat industry has shifted, with chicken meat emerging as the winner of the past decade. Returning from the ANUGA food industry trade fair in Cologne, László Bárány, managing director and owner of Master Good, said that the poultry sector is set to grow by at least 25% over […]
In September 2025, the average number of employed persons aged 15–74 in Hungary was 4,669,000. The number of unemployed persons was 218,000 and the unemployment rate was 4.5%, according to the country's Central Statistical Office (KSH). In the period July–September 2025, the average number of employed persons aged 15–74 was 4,679,000, 29,000 fewer than a […]
Hungarian haulier Waberer's Group on Tuesday said it signed a strategic cooperation agreement with KTZ Express, the international intermodal logistics subsidiary of Kazakhstan's state railway company. In the framework of the agreement, the sides aim to establish a joint venture to develop and operate an intermodal terminal in the Budapest region to serve as the […]
This Tuesday, the governing majority in Hungarian parliament assented to prolonging the government’s state of emergency for another 180 days till May 13 next year, MTI reports. The proposal submitted by the justice ministry was passed with 127 votes in favor and 56 against. In its proposal, the ministry referred to the war and humanitarian […]
The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at 6.50% at a monthly policy meeting on Tuesday. The Council also left the O/N deposit rate at 5.50% and the O/N collateralised loan rate at 7.50%. The rates mark the ends of the central bank's […]
At this year's Procurement Bar event, the Sustainable Procurement Awards were once again presented to recognize outstanding players in the domestic procurement and sustainability industry, rewarding domestic companies and procurement teams with responsible, ethical, and environmentally conscious procurement practices. The award was decided by an independent professional jury. During the evaluation of the nominees, aspects […]
The real estate broker Duna House Group is to continue operations as DH Group, with a revamped image and a new website, MTI reported on Monday. The company says its name is expected to officially change at the general assembly in November. Duna House, founded as a family business in 1998, has long outgrown the […]
From mid-October, László Csapó will take up the position of Director of Business Development at Danubius Hotels Plc. His responsibilities will include the strategic and operational management of the group's expansion projects. He has more than twenty years of experience in hotel sales, asset management and business development, the company says in a statement. “Throughout […]
In January-September this year, Hungary’s solar capacity increased by 997 MW, the Energy Ministry said in a post on social media on Monday. With current trends, it is certain that solar capacity will increase by at least 1 GW in 2025, making it the fourth year in a row when capacity increased by such an […]
The 2nd Budapest International Film Festival (BIFF) will present 36 movies in over 50 screenings at Budapest's Corvin Cinema between October 25 and November 2, the organizers said in a statement this Sunday. The festival program will include films from other international festivals as well as "experimental works by contemporary makers." The festival's retrospective section […]
The Budapest Stock Exchange (BÉT) share index strengthened amid rising turnover this week, with the BUX closing at 102,968.67 points on Friday, up 977.91 points, or 0.96%, from a week earlier, according to MTI. Weekly turnover was HUF 75.29 billion, following HUF 60.87 billion the previous week, with leading shares declining except for OTP. Equilor […]
Pharmacenter Hungary has developed two oncology drugs in a HUF 535 million project, supported by a HUF 298m grant from the National Research, Development and Innovation Fund, the company said in a statement. The project started in October 2021 and was completed in September 2025. One of the resulting products is used in the therapy […]
South Korean Shinheung's capacity expansion in Monor has created 700 jobs, further strengthening Hungary's role in the electric car industry revolution. That is according to Péter Szijjártó, Minister of Foreign Affairs and Trade, who spoke at the handover of the project in Monor, southeast of Budapest. The South Korean battery component manufacturer's HUF 45 billion […]
The electricity distributor company OPUS TITASZ inaugurated an HUF 18.2bn substation in Nyíregyháza (NE Hungary) this Friday. The investment, supported by European Union funding, is said to boost the electricity distributor's capacity by 45%, allowing it to meet fully demand at the local industrial park. At the inauguration ceremony, Energy Minister Csaba Lantos highlighted the […]
