“Germany has traditionally been the largest investor in Hungary. Approximately 2,400 German companies employ around 235,000 people here. This number has increased by 55% since 2010, that is, one in every 14 employees in the Hungarian corporate sector now works for a German company,” government commissioner and CEO of the Hungarian Investment Promotion Agency (HIPA) […]
It is now 35 years that German unification took place. When asked what conclusions she would draw from these three and a half decades for Hungary and for German-Hungarian relations, the German Ambassador to Hungary, Julia Gross tells Diplomacy&Trade that she believes a lot has been accomplished over this period. “The two parts of Germany […]
The Budapest Stock Exchange (BSE) share index, BUX, closed two-day trading week Tuesday (due to the Christmas holidays) at 111,046.97 points, up 155.98 points or 0.14%. Péter Aradványi, an analyst at Equilor Investment Ltd., explained the low turnover and moderate price movements with the typically subdued interest at the end of the year, adding that […]
More than 1,600 disadvantaged children living in the poorest small settlements in Hungary had their personal wishes collected during the Hungarian Maltese Charity Service's campaign, with private donors and companies helping by purchasing specific gifts from a list. According to a statement sent to MTI on Tuesday, the charity announced its fifth annual 'Be a […]
The number of new passenger car registrations in Hungary rose 7.1% year-on-year to 117,510 in January-November, data compiled by the European Automobile Manufacturers' Association (ACEA) show. However, the association also noted that the number of registrations remains below pre-coronavirus pandemic levels. Battery electric cars accounted for 16.9% of the market in the first eleven months […]
Austria and Hungary – few countries have closer and tighter knit bilateral relations.One area where cooperation between Austria and Hungary is particularly strong and important is the economy: Austria is the fourth most important trading partner for and the third most important investor in Hungary. Approximately 1,400 Austrian companies secure over 70,000 jobs here. Together […]
According to bank card usage data, Hungarian consumers gave tips of 8.12% at domestic restaurants this year, Teya Hungary told MTI on Tuesday, based on data from POS terminals it operates at 2,000 restaurants. The service provider, which operates card acceptance terminals for a total of around 20,000 businesses in Hungary, reported that looking at […]
About 2.9-3 million hectoliters of cloudy new wine were produced from the grapes harvested this year, 10% higher than last year's level, which is around the average of the past ten years, according to the overview prepared by the National Chamber of Agriculture (NAK) and the National Council of Wine Communities (HNT). According to their […]
Dairy company Bóly Plc., a member of the Bonafarm group, and the Kaposvár Campus of the Hungarian University of Agriculture and Life Sciences (MATE) jointly developed technology to breed cattle producing only premium quality A2 milk, the company said. The project was financed from a HUF 775 million grant from the National Research, Development and […]
The Budapest Stock Exchange's share index, the BUX, closed at a historic high of 110,890.99 points on Monday, up 485.25 points or 0.44%. The stock market turnover was HUF 10.7 billion, with leading stocks performing mixed compared to the previous day's close. Ákos Czibere, an analyst at Equilor Investment Ltd., told MTI that on Monday, […]
Hungary's general government deficit reached HUF 4,070.4 billion at the end of November, 80.5% of the full-year target, the country's National Economy Ministry confirmed in a detailed reading of data on Monday, MTI says. The report noted the deficit target of the general government, corresponding to a 3.7% ESA deficit target in the adopted budget […]
According to the results of a recently published international study, conscious choice and moderation in alcohol consumption have become an increasingly strong cultural trend. Saying no has now become acceptable, does not raise embarrassing questions, and does not require explanation. This change has also triggered a spectacular transformation in the beverage market, according to a […]
The Embassy of the Republic of Kosovo in Hungary, together with the Kosovo Winemakers’ Association Enologjia and with support from the Balkan country’s Ministry of Foreign Affairs and Diaspora (MFAD), successfully organized at the end of November a high-level Kosovo Wine Promotion and Professional Networking Event at the Embassy premises in Budapest. Gathering distinguished guests, […]
MOL ends the year stronger than ever: 2025 brought an absolute record for Fresh Corner's two iconic products, coffee and hot dogs. Sixty-six million cups of coffee were sold in the region, and 12.4 million in Hungary – the company has never achieved such high figures in a single year before. Hot dogs also broke […]
4iG Defence and Space Technologies signed an agreement with Axiom Space, the leading provider of human spaceflight services and developer of human-rated space infrastructure, parent company 4iG is quoted by MTI as saying. Under the agreement, 4iG SDT will carry out a USD 100 million raise capital in the US company in two steps: to […]
