Hungary's general government deficit reached HUF 3,667.7 billion at the end of October, 72.6% of the full-year target, the Ministry of National Economy confirmed in a detailed reading of data quoted by MTI on Monday. The report noted the deficit target of the general government, corresponding to a 3.7% ESA deficit target in the adopted […]
Third-quarter net profit of listed real estate broker Duna House, recently rebranded as DH Group, climbed 68% year-on-year to HUF 1.1 billion, an earnings report released on Monday shows. Net sales revenue rose 21% to HUF 11.9 billion. Domestic sales reached HUF 1.8 billion, while the Italian business generated turnover of HUF 6.5 billion and […]
The Budapest Stock Exchange (BSE) share index, the BUX, closed at 107,255.57 points on Friday, down 309.98 points or 0.29%, according to MTI. The stock market turnover was HUF 21.8 billion, with leading shares weakening compared to the previous day's close, with the exception of OTP. Both the BUX index and leading shares closed the […]
Toyota sold approximately 14,000 cars in the Hungarian new car market by the end of October this year, and its sales could reach 17,000 by the end of the year, which means it is expected to maintain its leading position among brands. Next year, it will support the spread of new energy vehicles on European […]
Harro Höfliger, which makes machinery for the pharmaceutical industry, inaugurated this Friday a HUF 6 billion capacity expansion at it base in Debrecen (E Hungary). The expansion is expected to create over a hundred jobs. The site is the company's second biggest outside Germany. A quarter of the investment costs is covered by Hungarian taxpayers […]
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 […]
