Hungarian Prime Minister Viktor Orbán has announced a new home subsidy plan targeting public sector employees as he gears up for a closely-fought 2026 election. The new measure will make doctors, nurses, teachers, and soldiers eligible for an annual home subsidy of HUF 1 million ( USD 2,870). These funds can be used either for […]
Following more than a year of preparatory work, American Airlines has announced that it will resume its non-stop flight between Budapest and Philadelphia from May 2026 - after a 6-year hiatus. The flight, suspended during the pandemic, was very popular with both American and Hungarian passengers. The service quality of the daily Boeing 787-8 Dreamliners […]
Pisco is a product historically obtained from the distillation of fresh musts from recently fermented “Pisqueras” grapes, which gives an unequalled result. The Embassy of Peru in Hungary has organized “Pisco night” events to introduce this product to the Hungarian audience. At one of these recent events, held at the Budapest Marriott Hotel, Peruvian Ambassador […]
Compared to the previous year, Flextronics' sales revenue decreased by 16.2%. At the same time, the added value has remained essentially unchanged, the company says in its annual report published this Thursday. The primary reason for the decline was the termination of a partnership agreement with a significant share of materials in the industrial business, […]
E.ON Drive Infrastructure (EDRI)'s network of more than 400 electric car charging points has been revamped: the charging stations have been given a new look, the connector markings have been changed, and the background system has also been updated. With the newly introduced ad hoc payment system, customers can now pay for charging without registration […]
Group revenue remained broadly stable year-on-year in Q2 2025, as a continued increase in service revenues driven by sustained demand for data and connectivity was offset by lower System Integration and IT revenues, declines in equipment sales and the impact of ViDaNet fixed-line subsidiary deconsolidation, the Hungarian telecom company announced on the website of the […]
On the occasion of the First Cry of Independence, Ecuador's National Day, celebrated every year on August 10, the Embassy of Ecuador in Hungary has invites the public to experience a special floral installation in the heart of Budapest. In collaboration with Naranjo Roses, a leading Ecuadorian rose exporter, a striking heart-shaped installation made entirely […]
Gedeon Richter Plc.'s performance in the first half of the year was in line with its annual plans, so it has not changed its expectations for this year, CEO Gábor Orbán said at a press conference following the flash report on Wednesday in Budapest. He said that, excluding exchange rate effects, they expect growth of […]
French, German and Dutch police officers are assisting the Budapest Police Headquarters (BRFK) at this year's Sziget Festival. The National Ambulance Service (OMSZ) is present at the event with a care center and nine ambulance units, MTI reported on Wednesday. Csécsi Soma, spokesperson for the BRFK, emphasized at a press conference held on Wednesday, the […]
Nestlé has been a key player in the global food industry for over 150 years and has actively shaped economic and social processes in Hungary for more than three decades. In an interview with Diplomacy&Trade, the CEO of Nestlé Hungary, Péter Noszek discusses the importance of the Szerencs solar park, net-zero emission targets, the expansion […]
During this year's Formula One race weekend, hotels in the capital welcomed nearly 100,000 guests, with occupancy rates exceeding 86%, Visit Hungary told MTI on Wednesday, based on data from the National Tourism Data Center (NTAK). Most foreign guests came from Great Britain, Poland and Germany for the 40th Hungarian Grand Prix, which took place […]
Erste Bank Hungary Plc. closed the first half of the year with operating income of HUF 187.5 billion and after-tax profit of HUF 69.2 billion, Chairman and CEO Radován Jelasity said at the company's press conference on Wednesday. Year-on-year, operating income increased by 6%, while after-tax profit decreased by 7%. Operating profit exceeded HUF 123.5 […]
In June 2025, the volume of retail trade in both raw and calendar-adjusted data was 3.0% higher than in the same month of the previous year. Compared to the same period of the previous year, calendar-adjusted sale volumes expanded by 3.7% in specialized and non-specialized food shops, by 3.9% in non-food retailing and by 2.5% […]
The Hungarian pharma company Gedeon Richter Plc.'s consolidated sales revenue for the first half of the year was HUF 465.5 billion, 10.9% higher than a year earlier, the company announced on the Budapest Stock Exchange (BÉT) website on Wednesday. Net profit for the first half of 2025 was HUF 120 billion, which is 13% lower […]
Tamás Kádár, CEO of Sziget, said that more tickets have been sold for this year's festival than last year. Due to Covid and other industry impacts, ticket sales had been declining since 2022, but the current growth is definitely welcome at the event held on the Óbuda Island on the River Danube. Kádár also said […]
