The audit of the National Bank of Hungary's (MNB) gold reserves has been completed; the 94.73 tons of gold reserves stored in Hungary are in perfect condition, the MNB announced on its Facebook page on Thursday. According to the announcement, central bank governor Mihály Varga, ordered the audit of the gold reserves after taking office, […]
On Thursday, Mondeléz International officially handed over its new solar park on the premises of its factory in Székesfehérvár: the USD 2.3 million (approximately HUF 780 million) investment has created the group's largest solar park in Central and Eastern Europe. Dominik Boguslawski, factory manager in Székesfehérvár, said that the 25,000-square-meter solar park is also the […]
Hungary and China may establish a research, development, testing and certification center for smart, new energy vehicles and their energy storage systems in Zalaegerszeg, ZalaZONE Vehicle Testing Track announced to MTI on Wednesday. According to a letter of intent, a joint investment by the China-U.S. Green Fund, Zhongzhi Zhitong Testing Technology Co. Ltd., and the […]
Festipay Plc., founded in Hungary, will provide cashless payment services at the 40th Formula 1 Hungarian Grand Prix, which will be held just west of Budapest on the first weekend of August. The company announced to MTI on Wednesday that it will operate hundreds of contactless terminals throughout the hospitality area, where guests can pay […]
Budapest Airport, the operator of the Hungarian capital's Ferenc Liszt International Airport, has announced that Condor, one of Germany’s most established carriers, will launch its Frankfurt-Budapest service from May 1, 2026. The flight, operating three times a day, will add further capacity and flexibility towards this key European hub. From May 2026, a new airline […]
A supercomputer specialized in artificial intelligence research was inaugurated this Tuesday at the University of Szeged (SZTE) in SE Hungary. As part of the investment, SZTE purchased 1.75 peta flop/s of computing capacity, but thanks to the design, it also has access to significant resources managed by Hewlett Packard Enterprise (HPE). Tibor Szpisják, HPE's managing […]
The real estate business Duna House Group achieved new record volumes in the second quarter of 2025: The volume of financial intermediation reached all-time-highs, up 37% year-on-year and +20% quarter-on-quarter, the Group says on the website of the Budapest Stock Exchange. The volume of real estate brokerage remained close to the record levels achieved in […]
Both runways at Ferenc Liszt International Airport are operational again, and air traffic is gradually returning to normal, Budapest Airport announced on its website on Monday evening. Earlier on Monday, a severe thunderstorm disrupted traffic at the airport. Due to debris carried by the stormy winds, the runways were temporarily closed at 2:20 p.m. for […]
Provident Financial Ltd. and the Hungarian Interchurch Aid's ‘Invisible’ program's ‘Conscious Living Step by Step’ competition is making a tangible difference in the lives of three families through versatile educational, expert and financial assistance. The winning families received assistance that will enable them to start a new chapter in their lives in terms of financial […]
In May 2025, the volume of retail trade in both raw and calendar-adjusted data was 2.1% higher than in the same month of the previous year in Hungary, the country's Central Statistical Office (KSH) reports. Compared to the same period of the previous year, calendar-adjusted sale volumes expanded by 0.5% in specialized and non-specialized food […]
Extreme climate and weather events are becoming more frequent and severe. The cost of the resulting damage and losses is USD 16 million per hour globally. A significant part of this stems from our lack of understanding of nature’s interconnections. Our current systems and infrastructures are no longer sufficient to handle these challenges – we […]
The BMW brand increased its sales in the Hungarian new car market by 18.8% in the first half of this year compared to the same period last year, with 3,286 models sold, the Bavarian brand continues to maintain its first place in the premium segment - BMW Group Hungary informed MTI in a statement. The […]
The Budapest Stock Exchange (BÉT) leading stock index, the BUX, exceeded the 100,000-point closing value for the first time, reaching a new historic milestone for the domestic stock exchange. The index, which started at 1,000 points in 1991 and has since grown a hundredfold, tracks changes in the prices of domestic stocks with the largest […]
Most of the companies desire and plan technological developments, viewing digitalization as crucial for increasing competitiveness, but the prevalence of automation and Industry 4.0 solutions remains low. that is according to a recent study, commissioned by Siemens Hungary Plc., that surveyed decision-makers of Hungarian small and medium-sized manufacturing enterprises (SMEs) about their development plans. Almost […]
The Hungarian government will provide up to $443 million (150 billion forints) annually in interest subsidies to first-time homebuyers as part of a new housing support programme, Prime Minister Viktor Orbán’s administration announced this week. The measure, which comes less than a year before a high-stakes general election, is aimed at easing access to home […]
