MVM Optimum, a member of state-owned energy group MVM, has built a solar park in Vác (north of the capital) at the site of a local company, Zollner Elektronik, MVM said in a statement on Friday. The solar park has capacity to generate 1.5 GWh of electricity per year, supporting Zollner Elektronik's sustainable operation. The […]
Investment volume in Hungary declined 3.8% year-on-year in the third quarter, data released by the Central Statistical Office (KSH) on Friday show. The KSH data, reviewed by MTI, reveal that, adjusted for seasonal effects, investment volume dropped 4.1%. Investment volume in the logistics and manufacturing sectors contributed the most to the headline decline, KSH said. […]
In a market where real estate prices were already climbing faster than anywhere else in the European Union, Hungary’s residential property boom accelerated even more in recent months and that has raised serious red flags for the country’s central bank. According to preliminary data from the central bank, home prices in Budapest surged by 30% […]
Gránit Insurance Ltd., the insurance unit of listed Hungarian haulier Waberer's International, will boost its stakes in the Magyar Posta life and general insurance businesses to 100%, Waberer's Group said in an announcement on the Budapest Stock Exchange late Thursday. Gránit Insurance closed the acquisition of a 66.9% stake in the state-owned businesses a year […]
Egis Pharmaceuticals Ltd. has unveiled one of the most significant developments in its 112-year history in Budapest. The company will manufacture the active ingredient for a globally leading product at its new HUF 30 billion plant, which was financed from its own resources, the company told MTI on Thursday. According to the announcement, what makes […]
Artificial intelligence (AI) is not a promise for the future, but already a competitive factor for Hungarian companies, according to a recent SAP survey of 387 Hungarian middle and senior managers. According to the results, the business benefits of AI are tangible: the vast majority of companies using the technology experience faster decision-making, more efficient […]
Hiventures, the venture capital arm of the state-owned Hungarian Development Bank (MFB), has invested HUF 600 million from its fashion and design fund in Kuube Hungary. In a statement issued on Thursday, Hiventures said Kuube Hungary develops and sells solar powered off-grid smart benches, as well as smart street furniture for bus stops and public […]
Around 52% of large Hungarian companies are planning to make investments within a year, K+H Bank told MTI on Thursday based on a third quarter survey. According to the financial institution's third-quarter survey, the most popular area of investment is production machinery, with a 22% share, which is a 4 percentage point increase compared to […]
Marking World Children’s Day, UNICEF Hungary on Thursday said it is partnering with the national police headquarters ORFK to promote child safety and the protection of children’s rights. "On November 20, the world lights up in blue as a reminder that every child has a right to safety, love and dignity," UNICEF Hungary said in […]
The Budapest Music Center (BMC) is organizing a festival between February 15 and 28, 2026 and a year-round series of events to mark the 100th anniversary of Hungarian composer György Kurtág's birth, with "international stars and prominent Hungarian contemporary performers playing a cross-section of the composer's oeuvre at the most important classical music venues of […]
At the opening ceremony of this year's Scientific Student Conference of the Faculty of Electrical Engineering and Informatics at the Budapest University of Technology and Economics (BME), SAP Hungary Ltd. and the University signed a three-year strategic framework agreement. The goal of the two organizations is to develop an even closer relationship between Hungarian engineering […]
Tibor Litauszki received the title of Nature Photographer of the Year at the Magical Hungary (VM) awards ceremony and the opening of the nature photography exhibition at the Hungarian Natural History Museum, where the winners of the photo competition and the special prizes were also presented , the organizers told MTI on Wednesday. At the […]
Spain, Italy, Germany, and the United Kingdom: these are the countries from which the most foreign tourists come, in that order. On average, they spend 3-6 nights in the capital, during which time more than 62% of them seek out cultural programs such as museums, festivals, and historical sites. 47% of visitors are between the […]
4iG Plc. has informed capital market participants on the website of the Budapest Stock Exchange that its indirect subsidiary, 2Connect Telecommunications Infrastructure & Network Services Ltd., through its legal predecessor D-Infrastruktúra Telecommunications Ltd., has successfully applied for the first phase of the Digital Hungary Operative Program Plus, the Gigabit Hungary Program tender: the company has […]
Hungarian low-fare carrier Wizz Air is expanding its base in Budapest, adding an 18th aircraft in May, CEO József Váradi said at an online press conference on Tuesday. Next year, the airline will increase its capacity on Hungarian routes by 900,000 to 9.1 million seats, with new destinations including Bergen, Lamezia Terme, and Rimini. Wizz […]
