On an annual basis, Hungarian GDP stagnated in the first quarter of 2025 according to raw data, the National Bank of Hungary (MNB) says in its quarterly report published this Wednesday. From the monthly indicators, industrial production stagnated, construction output declined by 3.4% and retail sales rose by 0.4% on an annual basis in March. […]
According to Visit Hungary, which handles domestic and international tourism-related sales and marketing communications for the Hungarian Tourism Agency, the heatwave that hit at the beginning of June brought a real travel fever and outstanding results, with 288,000 guests, 20% more than last year, seeking relaxation at during the long holiday weekend. The statement said […]
French multinational rolling stock manufacturer Alstom is greening the electricity consumption of its Mátranovák factory (NE Hungary) with a 1.5-megawatt solar park. In an investment that will replace 23% of the factory's annual electricity demand with green electricity, experts will install 6,600 square meters of solar panels, the company said in a statement sent to […]
The Hungarian pharmaceutical company Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that “understanding and supporting the Hungarian government's efforts to reduce the burden on patients, voluntarily restricts the price of its non-prescription product Panangin®, a magnesium and potassium dietary supplement and complementary treatment for chronic heart disease and cardiac […]
Consumer prices were 4.4% higher on average in May 2025 than a year earlier, according to official figures by the Central Statistical Office (KSH). Compared to April, prices went up by 0.2% on average, KSH points out. In 12 months, compared to May 2024:A price increase of 5.9% (4.5% excluding food and beverage serving services) […]
TRIBE Budapest Airport Hotel has opened in the immediate vicinity of Terminal 2 at Ferenc Liszt International Airport. Rooms at the four-star hotel have been available for booking since mid-May, according to an announcement made at a press conference on Tuesday. The investment costs of the TRIBE Budapest Airport Hotel, developed by WING, are being […]
The Emil Frey Group, a car importer operating in several Central European countries, will begin selling Leapmotor cars in Hungary, making it the first Chinese brand in its portfolio, György Balkány, country manager of Emil Frey Hungary, announced at a press conference in Budapest on Tuesday. Leapmotor is reported to be an up-and-coming car manufacturer […]
The Magyar Nemzeti Bank is issuing a silver collector coin with a face value of HUF 20,000 and a non-ferrous metal version with a face value of HUF 3,000 named ‘Apáczai Csere János’, to mark the 400th anniversary of the birth of the first Hungarian encyclopaedist and pioneer of the dissemination of scientific knowledge in […]
Contrary to fears, the rise of artificial intelligence (AI) will increase rather than decrease the number of jobs, transforming the way people work, according to a statement sent to MTI by PwC Hungary, citing the PwC Global AI Jobs Barometer 2025 report, which found that even in the jobs most exposed to the impact of […]
More than 30-40 million students at over 8,000 institutions worldwide use the learning management system (LMS) developed by Hungarian experts at the Budapest base of the American educational technology company Instructure, the company told MTI. According to the announcement, the LMS system is used by Oxford, Toronto, and Ivy League universities in the United States, […]
The Sopron Brewery and the northwestern Hungarian town of Sopron, the ‘town of loyalty’ have been shaping and enriching each other's history since 1895. Sopron contributes to this long-lasting cooperation by dedicatedly cultivating beer culture, while the brewery contributes as an employer committed to local values and a supporter of the city's cultural and sporting […]
In April 2025, the volume of retail trade in Hungary was 6.8% higher in raw data, or 5.0% higher in calendar (and Easter effects) adjusted terms, 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 […]
The Hungarian parliament’s Fidesz caucus has postponed voting on a contentious bill that critics say is aimed at stifling independent civil society and media ahead of upcoming elections. The delay, announced by Cabinet Minister Gergely Gulyás, pushes the adoption of the so-called “Transparency in Public Life” legislation to the autumn parliamentary session. The bill, introduced […]
The volume of Hungary’s gross domestic product stagnated according to raw data and was 0.4% lower according to seasonally and calendar adjusted and reconciled data in the 1st quarter of 2025 than in the corresponding period of the previous year, the Hungarian Central Statistical Office reports. Compared to the previous quarter, the economic performance lessened […]
The Hungarian population would most likely spend state resources on the development of renewable energy sources, according to a representative national survey commissioned by Mol. According to a summary sent to MTI on Thursday, based on a survey that also asked about climate issues, 70% of the total population feels that climate change has a […]
