Danish toy maker LEGO opened a HUF 54 billion expansion at its manufacturing base in Nyíregyháza (NE Hungary) on Tuesday. The investment, which expanded packaging and manufacturing capacity and created 300 jobs, was supported with a HUF 4.3 billion government grant. The base in Nyíregyháza is now the world's second biggest LEGO plant and the […]
Despite the many opportunities, the unpredictable business environment in Hungary presents a challenge to businesses. Even stable SMBs may expand one month and cut back on costs the next. The mobile services provider Yettel’s new business solution offers flexibility, digital administration and cost efficiency to SMBs that want to adapt and grow, the company says […]
Hungary had a EUR 557 million trade surplus in August, according to data released by the country's Central Statistical Office (KSH) on Tuesday. Exports fell 5.3% year-on-year to EUR 10.193 billion. Imports dropped 8.0% to EUR 9.636 billion. Trade with other European Union member states accounted for 74% of Hungary's exports and 71% of its […]
Industrial producer prices were 2.3% higher on average in Hungary in August 2025 than one year earlier. Domestic output prices rose by 0.9% and non-domestic ones by 3.0% compared to August in the previous year, the country's Central Statistical Office (KSH) reports. Compared to the previous month, domestic output prices lessened by 0.5% and non-domestic […]
Net sales revenue increased by nearly HUF 500 million, or 9%, to HUF 5.2 billion, indicating moderate but stable growth, the international IT service provider Gloster Digital Group has said in a statement on the website of the Budapest Stock Exchange. EBITDA decreased from HUF 519 million to HUF 484 million, representing a 7% decline. […]
Hungarian-owned integrated communications agency Influence Media has joined the More Agencies global agency network, which provides customized marketing, communications, and public affairs services in nearly 30 countries through its local partners, Influence Media announced in a statement to MTI on Monday. More Agencies, which selects its local partners based on strict criteria, approached the Hungarian […]
Sweden's Ericsson and the North Macedonian units of Hungary's 4iG Group and have signed a memorandum of understanding on strategic cooperation, according to a statement published on Monday. The strategic partnership outlined in the MoU, signed by 4iG unit One Macedonia and Ericsson Telecommunications Macedonia, aims to involve Ericsson in the design, delivery and commissioning […]
Gedeon Richter Plc. and Hikma Pharmaceuticals Plc. along with its wholly owned subsidiary Hikma Pharmaceuticals USA Inc. (“Hikma”) announcee this Monday that the U.S. Food and Drug Administration (FDA) has granted approval for the Biologics License Applications (BLA) of their biosimilar denosumab products, EnobyTM (denosumab-qbde) and XtrenboTM (denosumabqbde), referencing Prolia® and Xgeva®, respectively. Denosumab is […]
Open cellars, vineyard tours and cultural events await visitors between October 3 and 5 at the Tokaj-Hegyalja Harvest Days, one of Hungary's oldest harvest festivals, organizers told MTI. They wrote that the venue for the event, which has been held since 1932, will be the Tokaj Festival Valley this year, but programs are also being […]
The Budapest Stock Exchange (BSE) share index, the BUX, fell amid declining turnover this week, closing at 99,207.79 points on Friday, down 990.77 points, or 0.99%, from a week earlier. Weekly turnover was HUF 66.48 billion, down from HUF 101.33 billion the previous week, with all leading shares closing below last week's levels. On Monday, […]
Danish author Janne Teller will be the guest of honor and Romania will be the guest of honor country at this year's 30th Budapest International Book Festival, which will welcome a record number of 162 exhibitors, 118 programs, and more than 300 book signings between October 2 and 5 at the Bálna Defense Center in […]
The BMW Group's new car factory was officially opened this Friday in Debrecen, E Hungary where series production of the company's latest model, the Neue Klasse iX3, has begun. The more than 2,000 employees have arrived from 15 countries. Hans-Peter Kemser, President and CEO of BMW Manufacturing Hungary Ltd., was of the view that when […]
According to preliminary data published by the country's Central Statistical Office (KSH), 6,360 children were born and 8,908 people died in August 2025. The number of births lessened by 5.7%, that of deaths by 15% and that of marriages by 5.1% compared to the same month of the previous year. In August 2025: In January–August […]
Young soccer players attending the Hungarian Interchurch Aid's centers in northern and southern Hungary, children living in disadvantaged communities, competed for the championship title at the Ferencváros soccer club's sports center in Budapest after several months of training and competition. The soccer program run by Provident Financial Ltd. and the Hungarian Interchurch Aid to promote […]
Hungary's MOL Group has signed an agreement to restart international crude exports from the Kurdistan Region of Iraq, MOL Plc. has notified market participants on the website of the Budapest Stock Exchange. The statement says that MOL, as an integrated oil and gas company with interests in Exploration and Production (E&P) assets in the Kurdistan […]
