Net income of listed car seller AutoWallis dropped 24% year-on-year to HUF 3.6 billion in Q1-Q3, an earnings report published on Monday shows. Revenue rose 21% to HUF 353.2 billion. Revenue of the wholesale division edged up 4% to HUF 168.5 billion, while revenue of the retail business climbed 43% to HUF 177.0 billion. Operating […]
News of the bank tax increase caused OTP Bank shares to plummet, dragging down the entire BUX with them, resulting in a slight decline in the Budapest Stock Exchange (BÉT) share index, the BUX, despite increasing turnover during the week: nn Friday, the BUX closed at 107,297.46 points, down 0.01%, or 9.20 points, from a […]
The JATE Awards, founded by Katalin Karikó, were presented for the first time at a gala evening held at the University of Szeged on Saturday evening. Literary historian Mihály Ilia, chemistry professor Ágota Tóth, and physician and doctoral student Márton Simon Czikkely received the awards. Katalin Karikó, a former student of József Attila University (JATE), […]
A series of programs will be held in 2026 in thesouthern hungarian city of Pécs, the seat of Baranya County, to mark the 120th anniversary of the birth of Hungarian-born painter Victor Vasarely and the 50th anniversary of the opening of the museum in Pécs that exhibits his works, Pécs Mayor Attila Péterffy told MTI […]
Hungary’s first and unique higher music education institution opened its doors 150 years ago, on November 14, 1875, under the name National Royal Hungarian Academy of Music, with Ferenc Liszt as President and Ferenc Erkel as Director. The institution soon became an internationally renowned citadel of Hungary’s music education, and has maintained its high standards […]
Free skating, charity opportunities, sparkling lights, delicious flavors and aromas, and magnificent gifts await everyone who is already in the Christmas spirit. In connection with the 152nd anniversary of the capital city, the 2025 Advent and Christmas Market and Winter Experience Park opened this Friday afternoon with Budapest's first festively decorated pine tree as well […]
The discount airline closed the peak travel season from April to September with strong performance, implementing a targeted strategic shift to reduce business risks and put itself on a path to profitable growth. Wizz Air carried 36.5 million passengers in the first half of its financial year (April-September), up 9.8% from the same period last […]
Business association VOSZ (Confederation of Hungarian Business) announced this Friday the launch of a program to promote links between multinationals and local SMEs. VOSZ's MutliMentor Program involves a screening element to ensure suitability, a mentoring scheme to help potential suppliers meet certification and financial requirements for supplying multinationals, and a networking component. VOSZ will match […]
E.ON Drive Infrastructure Hungary (EDRI), E.ON's charging station operator, is adding a new feature to its electric vehicle charging network: automatic Plug&Charge, which simplifies the charging process for electric vehicles, MTI reports. In a statement sent to MTI, EDRI emphasizes that it is one of the first in Hungary to make this feature available nationwide. […]
Output of Hungary's construction sector rose 17.6% year-on-year in September, albeit from a low base, data released by the Central Statistics Office (KSH) on Friday show. Construction sector output increased 15.2% when adjusted for the number of workdays. Output of the buildings segment climbed 18.3% and civil engineering output rose 17.1%. In absolute terms, construction […]
Hungarians’ financial confidence has taken a sharp turn in recent months, according to the latest Provident Barometer survey. The study, conducted by Ipsos on behalf of Provident Financial, reveals a growing fear of financial insecurity in retirement and a notable decline in short-term economic expectations. Since the summer, the share of respondents who worry their […]
The Hungarian government will extend mandatory caps on a range of food and non-food products until February 28, 2026 in a decree published late on Thursday in the latest issue of the official gazette Magyar Közlöny, the National Economy Ministry told MTI in a statement. The markups cap is also being extended to cover 14 […]
Capacity expansion, research and development, and employee training are all part of a nearly EUR 200 million investment program that the American consumer goods giant is launching at its Gyöngyös and Csömör sites, both east of Budapest. A quater of the investment costs will be covered by Hungarian taxpayers through a government decision to provide […]
Hungarian film director Ildikó Enyedi will receive the lifetime achievement award of the The International Federation of Film Critics (FIPRESCI) at the 46th Cairo Film Festival, the federation said on its website on Thursday. The award will be handed over to Ildikó Enyedi before the screening of her latest film, 'Csendes barát' (Silent Friend), on […]
The Hungarian Association of Digital Companies (IVSZ) has joined CyberShield, an initiative to prevent digital financial fraud through education, the Hungarian Banking Association said on Thursday. By joining CyberShield, IVSZ aims to help SMEs build more effective defences against business fraud. CyberShield was launched by the banking association, the National Bank of Hungary, the National […]
