Hungary's Magyar Vagon will manufacture railway trains for the Slovenian state railway company, Magyar Vagon told MTI after a contract was signed on Monday in the Slovenian capital, Ljubljana. Magyar Vagon will deliver five intercity trains, each consisting of four cars. The trains could be put into use in the second half of 2028. Magyar […]
In June 2025, in time for the jubilee 40th Hungarian Grand Prix, the renewed 25,000 m² paddock building and the new 10,000-seat grandstand of the Hungaroring were inaugurated in Mogyoród, based on the designs of DVM Group Ltd. and SAMO Architects Ltd. Together with the pit building completed in an earlier phase of the development, […]
The number of patent applications filed in Hungary climbed 17% in 2024, well over the 4.9% global increase, the Hungarian Intellectual Property Office (HIPO) said on Monday, citing the latest World Intellectual Property Indicators report. The global leaders in patent applications were China, the United States, Japan and South Korea, according to the report. According […]
Hungarian movie director Ildikó Enyedi on Sunday received the Femme de Cinema Sisley - Les Arcs award at the Les Arcs film festival in France, founded in 2013, to highlight the work of outstanding female filmmakers. The award ceremony was followed by the screening of Silent Friend, Enyedi's latest work starring Tony Leung Chiu-Wai, Enzo […]
The world economy is on the downturn phase right now. Almost all the developed countries, including EU members, will see their economy, say, stagnated for at least this year, mainly because of the various tariffs imposed on different countries and sectors by the Trump administration. That is how Senior Economist at the Center for Macroeconomics […]
By early December, approximately 1,030 megawatts of new solar power capacity had been built in Hungary in 2025. The country first exceeded 1 gigawatt of growth in 2022, and since then, it has managed to exceed this level every year. Of the nearly 8,300 megawatts of capacity, more than 5,000 megawatts have been installed in […]
Air China will operate its Budapest-Beijing flight every day from spring, up from four times a week at present, the Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó said in Budapest on Sunday. In a statement issued by his ministry, he said Budapest would be the fourth city in the European Union with a […]
The Budapest Stock Exchange (BÉT) share index, BUX, closed at 109,607.58 points on Friday, 0.63% higher than a week earlier. Weekly turnover was HUF 83.09 billion, following HUF 75.93 billion the previous week, with leading shares strengthening, except for Mol. Equilor Investment Ltd. highlighted in its weekly summary that, according to its analysts, OTP's 12-month […]
The László Bíró Award, named after the the Hungarian-born inventor of the first commercially successful ballpoint pen, has been awarded this year to Lídia Demján. The award recognizes people who have made a substantive and key contribution to promoting relations between Hungary and Argentina in the field of culture. At the award ceremony held this […]
It is incredibly exciting to witness the amazing cultural exchange between Japan and Hungary. Despite the geographical distance separating our nations – a considerable 9,000 kilometers apart, Japan and Hungary are far from being distant or unfamiliar entities to each other. Japanese restaurants are practically ubiquitous – I’ve lost count, and sushi is a supermarket […]
GLS Hungary and DPD Hungary have entered into a strategic partnership to make parcel collection more flexible, thanks to which DPD parcels in Hungary will also be available for collection from a significant number of GLS parcel machines, according to a joint statement issued by the two companies to MTI. The statement said that GLS […]
Over eight decades of its existence, the Danish company Grundfos has become the world's largest manufacturer of pumps and submersible pumps since its founder, Poul Due Jensen came up with his first pump model. Its philosophy has been about persistent innovation and striving for the best since 1945. Internationally, Hungary is one of the main […]
Construction output volume, based on both raw and calendar-adjusted data surpassed in October 2025 the one year earlier level by 9.7%. Among the main construction groups the construction of buildings expanded by 14.7%, that of civil engineering increased by 3.7%, the Central Statisical Office (KSH) reports. Based on seasonally and working day adjusted indices construction […]
Hungarian-owned electronics manufacturing services company Videoton expects to close 2025 with revenue of around HUF 300 billion, the holding's chairman-CEO Gábor Széles said at a year-end event. He stated that turnover would be "somewhat lower" than in 2024, but added that the company's performance was "fantastic" in the context of the economic crisis in Europe, […]
Intermodal freight transport company METRANS is set to start the construction of its third Hungarian terminal, the new rail/road logistics hub in Szeged will have a 300,000 TEU capacity, the Hungarian Investment Promotion Agency (HIPA) reports. The EUR 16.2 million investment, supported by HIPA, will open a new gateway for international freight in Hungary’s southern […]
