A growing number of Hungarians are facing a challenge to survive on their income, with 27% of the population unable to save at all. This trend is getting worse year by year, and Hungarians are not doing well in international comparisons among the countries participating in the research – this is revealed by the international […]
The international community should place greater emphasis on the joint governance of artificial intelligence (AI), calling for the early formation of a global framework and rules that have broad consensus to guide the development and use of AI, according to Chinese Premier Li Qiang. Addressing the opening ceremony of the 2025 World AI Conference and […]
This year is particularly joyful in the small but vibrant village of Cered in Nógrád County as it will host the 30th international art exhibition. In some respects, this Hungarian settlement, which could be considered the ‘end of the world’, has an active artistic life throughout the year, but the festival on August 9th shines […]
The University of Szeged (SZTE), located in SE Hungarian city of Szeged, signed a cooperation agreement with ContiTech Fluid Automotive Hungária Ltd. and ContiTech Rubber Industrial Ltd. this Monday. The aim of the cooperation is for the participants to mutually assist each other in their innovation and education activities, as well as to launch joint […]
The Swiss-Hungarian Chamber of Commerce (Swisscham Hungary) was founded in 1995 to provide a platform for economic and commercial cooperation between the two countries. Over the past three decades, the trust and expertise of its members and its steadily growing membership have made the Chamber an important player in business life. On the 30th anniversary, […]
On July 28, 2025, Shopper Park Plus Plc. (SPP) signed a letter of intent with ESTON International Ltd., the Hungarian partner of one of the world's leading property advisors, Savills. ESTON International has been managing part of the Shopper Park Plus portfolio since mid-2022, following the acquisition of the properties, SPP announced on the website […]
French-owned Hungarian pharmaceutical company Egis Gyógyszergyár Plc. is set to implement another large-scale investment to boost efficiency and capacity at its base in Körmend, the Hungarian Investment Promotion Agency (HIPA) reports. The EUR 37.5 million investment include the modernisation of the a tableting plant and the galenic plant, and the extension of the storage facility […]
After his first tenure between 2012 and 2016 as Swiss ambassador to Budapest, Jean-François Paroz returned for a second term to Hungary and presented his credentials here in December 2020. Now, at the end of this second term, he tells Diplomacy&Trade that he is satisfied with the fulfillment of his mission. “Swiss-Hungarian relations are influenced […]
The National Bank of Hungary (MNB) is issueing collector coins named 'Therese Brunsvik', to commemorate the 250th anniversary of the birth of the founder of the first Hungarian kindergartens. The collector coins with a face value of HUF 20,000 and non-ferrous metal version with a face value of HUF 3,000 are available for purchase from […]
The Budapest Stock Exchange's share index, the BUX, closed the week at a new historic high of 101,380.77 points, up 9.53 points or 0.01%, privatbankar.hu quotes an Equilor report sent to MTI. Total turnover fell from HUF 65.374 billion to HUF 48.255 billion on a weekly basis, with leading stocks performing mixed. Equilor Investment Ltd.'s […]
On July 23 this year, the number of visitors exceeded 10 million, with the tourism sector already handling more visitors than Hungary's population, Visit Hungary told MTI on Friday. They reported that last year, this milestone was reached later, on July 29, according to data from the National Tourism Data Center (NTAK). All this clearly […]
The new production facility of J-STAR MOTION, a furniture component manufacturer, was officially inaugurated in Kaposvár. In addition to setting up a manufacturing center, the Chinese company specializing in intelligent motion and control solutions has also established a new logistics hub in the seat of Somogy County. The EUR 60 million greenfield investment, close to […]
Hungary’s business sentiment took a sharp hit in July, plunging to levels last seen during the pandemic, in a further indication that the country’s economy may be teetering on the edge of another recession. Hungary’s business sentiment took a sharp hit in July, plunging to levels last seen during the pandemic, in a further indication […]
In June 2025, the average number of employed persons aged 15–74 was 4,679,000 in Hungary. The number of unemployed persons was 212,000 and the unemployment rate was 4.3%, according to the country's Central Statistical Office (KSH). In the period April–June 2025, the average number of employed persons aged 15–74 was 4,661,000, 49,000 fewer than a […]
ALTEO-Therm Ltd. has successfully completed a HUF 434 million investment project to replace the former 3.2 MW Wärtsilä 220 SG gas engine at its Tiszaújváros site with a modern, refurbished Jenbacher J620 model. As part of the project, not only was the gas engine replaced, but the mechanical, electrical and control systems of the auxiliary […]
