Serbia-based hygiene paper manufacturer Drenik Group has announced a new investment project in Szolnok, involving the expansion of its existing plant and the construction of a biomass power plant supported by the Factory Rescue Program. With this decision, the company, operating in Hungary for a decade, will increase its total investment value to EUR 110 […]
On October 30-31, the exhibition and fair site in Budapest, Hungexpo hosted the Shanghai Fair Trade Show, one of the world's largest exhibition series supported by the Chinese government. According to a statement released, the event attracted thousands of visitors and featured some 130 Chinese high-tech companies from a wide range of sectors. Among others, […]
Starting this Monday, Richárd Végh, former president and CEO of the Budapest Stock Exchange (BSE), takes up the position of CEO at the financial services company KAVOSZ Plc., the organization announced to MTI on Monday. According to the announcement, Richárd Végh's tasks will include further digitizing the company's operations, expanding financial service provider partnerships, and […]
The Budapest Stock Exchange (BÉT) share index rose amid growing turnover this week, with the BUX closing at a historic high of 107,319.91 points on Friday, up 3,137.08 points, or 3.01%, from the previous week's three-day trading. Weekly turnover amounted to HUF 112.21 billion, compared to HUF 56.86 billion in the previous week's three days […]
Genius Automotive Europe Ltd., the Hungarian importer of the Omoda and Jaecoo car brands, has begun expanding in the Central and Eastern European region: at the end of October, it launched the distribution of the two brands of the Chinese Chery Group on the Romanian market, and in December, it will introduce them in Bulgaria, […]
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 […]
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. […]
Eleven contemporary Italian films will be screened at the 23rd MittelCinemaFest between November 7 and 15 at the Puskin and Tabán cinemas in Budapest. In addition to Italian filmmakers, audiences will also have the opportunity to meet Hungarian actress Fanni Wrochna, who stars in the film Eleonora Duse. According to a statement sent to MTI […]
A record number of 317,000 travellers spent 611,000 guest nights at tourism accommodations over the four-day weekend for the October 23 national holiday, Visit Hungary said on Friday. According to the announcement, Hungarians were particularly keen to travel, with more than 61% of guest nights coming from Hungarian guests: 184,000 set off on trips and […]
South Korea's Asiana Airlines will launch a direct flight between Seoul and Budapest from April 2026, Aviareps said on Friday. The flight will operate twice a week, on Fridays and Sundays, at the start. A third weekly flight, on Wednesdays, could be added later, conditional on regulatory clearance. Asiana Airlines will use an Airbus A350, […]
The Austrian Erste Group's revenues increased, but its net profit rose only slightly in the first three quarters due to higher bank levies, the bank told MTI on Friday. The Erste Group performed well in the first nine months of 2025. Despite falling interest rates in its primary markets, net interest income rose by 3% […]
According to preliminary data, 6,172 children were born and 8,758 people died in September 2025, the Central Statistical Office reports. Compared to the same month of the previous year, the number of births decreased by 8.3% and the number of deaths by 12%, while the number of marriages increased by 17%. In September 2025:6,172 children […]
As the world races to decarbonize, a new report from the global research firm Wood Mackenzie delivers a sobering message: the goal of reaching net-zero emissions by 2050 is slipping out of reach. Surging power demand, driven by artificial intelligence, electrification, and industrial recovery, combined with geopolitical instability, is pushing global warming toward 2.6°C by […]
The SPP Group's after-tax profit for the first nine months of 2025 was EUR 31.3 million, EUR 15.2 million higher than in the first nine months of 2024. In the first quarter of 2025, the Slovakian properties added to the portfolio contributed EUR 13.7 million to the result, accounting for the majority of the increase, […]
Cable maker Fux inaugurated a HUF 2 billion production hall at its base in Miskolc (NE Hungary) on Thursday. Hungarian taxpayers covered 10% of the costs as the government provided HUF 200 million of non-refundable funding to the project through the Demján Sándor Program matching support scheme. At the inauguration ceremony, National Economy Minister Márton […]
