The 2024 tourism record has already been achieved in 11 months this year, with the number of guests registered at accommodation facilities reaching 18,226,413 on December 2, breaking last year's record for the entire year, Visit Hungary Nonprofit Plc. told MTI. According to Visit Hungary, further strong interest is expected until the end of the […]
German defence industry company Rheinmetall inaugurated a HUF 29 billion vehicle parts plant in Szeged (SE Hungary) on Friday, the Hungarian Ministry of Foreign Affairs and Trade said in a statement. Hungarian taxpayers – through a government support – cover about 45% (or around HUF 13 billion) of the investment, which promises to create 300 jobs. According […]
Porsche Hungaria's sales rose 5% to 29,500 in 2025, preserving its position as Hungary's top vehicle importer, the company said on Friday. Porsche Hungaria imports the Volkswagen group brands Cupra, SEAT, Skoda and Volkswagen. Managing director Tamás Wachtler said total new passenger car and light commercial vehicle sales in Hungary were likely to climb 7.7% […]
The real estate development company WING has won this year’s Art is Business Award in the 'Corporate Art Project' category for the creation of Modernism in Pieces, an architectural history exhibition. The pop-up exhibition, held in November 2024, presented the historical, architectural, and art historical significance of the renovated Liget Center in a unique way. […]
The volume of industrial production in Hungary lagged behind the one year earlier level by 2.7% in October 2025. The working day adjusted index is equal to the non-adjusted one, the Central Statistical Office reports. A setback in production occurred in the great majority of the manufacturing subsections. According to seasonally and working-day adjusted data, […]
Fewer than 60,000 people — the richest 0.001% of the global population — now hold three times more wealth than the poorest half of humanity, according to the World Inequality Report 2026. It’s a comparison so extreme it barely seems real: a group small enough to fit inside a single football stadium commands more wealth […]
Low cost airline Wizz Air has reached 60 million passengers in Hungary, and gave a special welcome to its 60 millionth Hungarian passenger, who boarded the company's first flight to Tallinn on Thursday, the airline told MTI. They recalled that Wizz Air launched its first flight from Budapest to Athens from Ferihegy at the end […]
The Hungarian government and GE HealthCare have signed a strategic cooperation agreement, making the American medical technology company the 101st strategic partner. The document was signed on behalf of the government by government commissioner and CEO of the HIPA Hungarian Investment Promotion Agency, István Joó, and on behalf of the company by managing director Jutas […]
Global fund management company Janus Henderson is establishing its new business service center (BSC) in Budapest, further strengthening Hungary's position as one of the leading business service locations in the region, according to the Hungarian Investment Promotion Agency (HIPA). The London-based company, which manages almost USD 500 billion in assets, will create 400 jobs in […]
The Hungarian subsidiary of US-based innovative drug developer AbbVie and the Hungarian National Institute of Oncology have signed a strategic cooperation agreement, the parties announced to MTI on Thursday. According to the announcement, the long-term partnership agreement aims to support oncology research and improve domestic oncology care by expanding access to innovative therapies. Cancer is […]
Founded in 1906, Nilfisk is a global leader in the field of professional cleaning equipment and full cleaning systems in the industrial, commercial and consumer markets. The company is headquartered in the Danish capital, Copenhagen with sales entities in 45 countries and dealers in more than 100 countries – one of which is Hungary where […]
The Energy Ministry on Thursday announced the launch of a HUF 38.7 billion interest-free credit scheme to support energy efficiency improvements at microbusinesses and small and medium-size enterprises. Businesses may apply for between HUF 10 million and HUF 500 million of the credit for investments that cut utilities bills by at least 30%. Investments in […]
Hungarian writer László Krasznahorkai was presented with the Nobel Prize in Literature by Swedish King Carl Gustaf XVI at the Nobel Prize Award Ceremony in the Stockholm Concert Hall on Wednesday. In her opening address, Astrid Soderbergh Widding, chair of the Board of the Nobel Foundation, stated that "the prize in literature is awarded to […]
Construction sector orders are level with last year and show no sign of any marked expansion, although home construction could provide a boost, the head of industry association EVOSZ said at a general meeting on Wednesday. László Koji said that an EVOSZ survey showed that the revenue of 60% of construction companies declined in 2025, […]
The multiple award-winning Liget Center development by WING has been honored with the Construction Industry Excellence Award, recognizing the project’s outstanding architectural, heritage preservation and technical achievements. The prestigious accolade was presented on December 10 by ÉVOSZ, the National Association of Building Contractors, Hungary’s leading professional organisation in the construction sector. Among the applicants for […]
