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November 2025

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Hungary Promulgates AI Act

D&T
Nov 1, 2025

Hungary has promulgated its first law on artificial intelligence, the Ministry of National Economy Ministry said on Saturday. With the act, the government aimed to establish a legal framework for the safe, transparent and responsible use of AI, Szabolcs Szolnoki, the deputy state secretary for technology, said in the statement. In addition to implementing the […]

UBM Group Revenue Close to HUF 240 Billion

D&T
Nov 1, 2025

Hungarian agribusiness UBM Group's sales revenue increased 20.8% year-on-year to HUF 239.93 billion in the business year ended June 30, 2025, the company said on Friday, after an annual general meeting. Pre-tax losses came to HUF 45 million, which the company attributed to one-off items, and higher volatility and weaker performance in the livestock segment. […]

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