Third-quarter net income of Magyar Telekom rose 24% year-on-year to HUF 55.3 billion, supported by a wider margin and the rollback of a supplementary telecommunications tax, as shown by an earnings report released on Wednesday and summarized by MTI. Revenue edged down 1% to HUF 242.9 billion. Direct costs fell 6% to HUF 89.0 billion, […]
The Hungarian Tourism Quality Certification Board is leading a consortium to set up a digital competency center to support SMES in the tourism and catering sectors. In a statement on Wednesday, the board said the center would be funded with HUF 1.2 billion in European Union support. The consortium members include the National Association of […]
Three Hungarian companies are among the top ten in a regional ranking based on revenue according to a study by trade credit risk management company Coface. Oil and gas company MOL is in fourth place in the Coface CEE Top 500 ranking, state-owned energy company MVM is in eighth and Audi Hungaria is in tenth […]
Mercedes-Benz is launching a research and development (R&D) project in Kecskemét, marking the first time the premium German car manufacturer has chosen Hungary for one of its highest value-added investments. The EUR 54.4 million project - about a quarter of which is covered by Hungarian taxpayers through a government decision to provide state support - […]
At the end of September, the Erste Group in Hungary managed over HUF 10 trillion in client assets, with the total value of retail investments and deposits exceeding HUF 7 trillion, Erste told MTI on Wednesday. According to the information provided, Erste's operating income in the first nine months of 2025, based on statements prepared […]
Fifteen years after the first exhibition of contemporary Taiwanese art, the Ludwig Museum presents "Before the storm. Taiwan on the border of past and future," a new overview of contemporary art on the island and, indirectly, of the experiences and dilemmas that define Taiwan's past, present and future. Opening this week-end, the selection features works […]
Tourism accommodations in Hungary hosted close to 528,000 guests over the fall school break, 3.5% more than during last year's holiday, Visit Hungary said on Wednesday. Those travellers spent 1,060,000 guest nights at tourism accommodations over the holiday, between October 23 and November 2. According to a statement by Visit Hungary, the colorful landscapes, harvest […]
Bakery and confectionery products maker Ceres Bakery plans to build a HUF 24 billion bread plant in an industrial park in Tata (NW Hungary), the company's business director, István Mikos told MTI. István Mikos said the 14,000sqm plant would be built with the financial backing of Czech parent Agrofert Group. By 2027, the plant could […]
The Budapest Stock Exchange launched the tenth annual edition of the "BSE - Fifty Prosperous Hungarian Companies" publication at an event this Wednesday as Hungary’s business community once again came together to celebrate the most inspiring mid-sized companies. At the anniversary event, Tibor Tóth, CEO of the Budapest Stock Exchange, proudly presented the latest edition, […]
Last night, the first Rural Entrepreneurs' Night powered by Volkswagen was held at the Eiffel Workshop in Budapest, where the Rural Entrepreneur of the Year Awards were presented. The event is a real highlight among Hungarian business awards, as this is the first time in Hungary that awards have been given exclusively to rural micro, […]
The Hungarian economy is not likely to recover soon. This is is evident from the results of the latest economic survey by the German-Hungarian Chamber of Commerce and Industry (DUIHK), which were published this Tuesday. For the second time this year, some 250 company executives – from German and Hungarian member companies, but also from […]
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 […]
