The Mastercard Digital Payment Index (DFI) rose by 12 points over five years, reaching 63 points in Hungary last year, according to Mastercard's latest report released to MTI on Tuesday. The driving force behind this growth was the efforts of market players to develop digital payment infrastructure, as well as favorable changes in the regulatory […]
The Hungarian Banking Association warned that a plan by the government to raise the windfall profit tax on lenders would weigh on the entire economy in a statement issued on Tuesday, MTI reports. "Increasing the extra burden on banks would weigh on the entire Hungarian economy, slow economic growth further and hurt the country's assessment," […]
A HUF 2 billion solar park was inaugurated at the ELI-ALPS Laser Research Institute in Szeged (SE Hungary) on Tuesday. Speaking at the ceremony, Energy Minister Csaba Lantos said the government had ploughed HUF 25 billion, so far, into infrastructure at ELI-ALPS and the University of Szeged's Science Park. Hungary currently has 8,200 MW of […]
Hungary's annualized consumer price index stood at 4.3% in October, level with the rate in the previous month, according to data released by the Central Statistics Office (KSH) on Tuesday and quoted by MTI. Food prices rose 3.9%, but increased just 1.7% excluding the price of eating out. The price of eggs jumped 20.2% and […]
Canadian-born Hungarian-British writer David Szalay has been awarded this year's Booker Prize, Britain's most prestigious literary award, for his new novel 'Flesh'. The five-member jury, led by 1993 Booker Prize winner Roddy Doyle and including Kiley Reid, Chris Power, Ayobámi Adébáyo and Sarah Jessica Parker, announced the decision late Monday evening in London. The shortlist, […]
In the middle of this month, a variety of programs await revellers celebrating the capital's 202nd birthday, including the return of the popular Metro Festival, the relaunch of the party tram, and the opening of the city's Christmas market in City Hall Park, according to a statement from the Mayor's Office quoted by MTI. Key […]
Hungary's largest car importer, Porsche Hungaria on Monday laid the cornerstone of a EUR 20 million expansion of its parts and logistics base Parts Center in Budaörs, just west of Budapest. The expansion is scheduled to be completed by 2027. It will involve construction of a 11,500 square-meter warehouse, increasing warehousing capacity of the base […]
Stable diplomatic relations have brought tangible economic benefits, while key areas of business cooperation between the two countries have further expanded. That is according to Government Commissioner and CEO of the Hungarian Investment Promotion Agency (HIPA), following last week’s Hungarian–U.S. meetings in Washington, D.C. The CEO was part of the Hungarian government delegation there. He […]
National Bank of Hungary (MNB) governor Mihály Varga has signed a partnership agreement with his counterpart from the Bank of Korea during a visit to Basel, the MNB told MTI on Monday. The agreement creates opportunities for knowledge sharing and joint research between central banks, primarily in the field of digital financial innovations, the MNB […]
Since its launch in 2023, E.ON's Earth Champions competition has reached one in ten Hungarian kindergartens and schools: for the third time, awards have been presented to the communities that have been most successful in shaping environmental awareness, according to a press release issued by the E.ON Group. A generation can grow up whose fundamental […]
Hungary's general government deficit reached HUF 3,667.7 billion at the end of October, 76.8% of the full-year target, the Ministry of National Economy said in a preliminary release of data on Monday. The deficit in the budget is over 16% larger compared to October last year. The central budget gap reached HUF 3,616.2 billion and […]
Vajda-Papír Group, Hungary's leading manufacturer of hygiene paper, is acquiring Sofidel Hungary's household paper business, the group announced on the Budapest Stock Exchange (BSE) website on Monday. Vajda-Papír announced that on November 7, 2025, it signed a purchase agreement with Sofidel Hungary Ltd. to acquire Sofidel's Hungarian household paper processing business, subject to certain conditions […]
Indotek Group, one of Hungary's leading real estate investment and asset management companies, is expanding its Western European office network with a new office in Vienna. Indotek has been expanding in Western and Southern Europe for more than a decade, and the opening of the Austrian office will bring the group even closer to German-speaking […]
Normal kerosene supply has been restored at Ferenc Liszt International Airport starting from late Friday, airport operator Budapest Airport told MTI. Budapest Airport announced on October 22 that due to disruptions in the supply chain, less kerosene was arriving at the airport and has asked carriers to optimize their fuel consumption until supply is restored. […]
The Budapest Stock Exchange (BÉT) share index, the BUX, changed little compared to last Friday's close, ending the week down 13.25 points, or 0.01%, at 107,306.66 points. Total turnover decreased from HUF 112.213 billion to HUF 93.495 billion on a weekly basis, with leading stocks performing mixed. In its weekly summary, Equilor Plc. highlighted the […]
