The Hungarian oil and gas company Mol has acquired the gas fields and related infrastructure of O&GD near Endrőd, SE Hungary, Mol announced on Tuesday, according to MTI. The area of about 1,000 square kilometers includes 29 wells trained for hydrocarbon production, with a daily production of about 1,000 barrels equivalent. In the longer term, […]
Headquartered in Tokyo, the Japan External Trade Organization (JETRO) was established by the Japanese government in 1958 as the nation’s principal organization for implementing and promoting trade with other countries. Its Budapest office was founded in 1991 and since then, it has successfully promoted business exchange activities between Japan and Hungary. The office’s General Director, […]
After a strong start to the year, the leading index of the Budapest Stock Exchange (BSE), the BUX, continued to strengthen in March and maintained its historic high: after a 1.77% increase, it closed the month at 88,686.46 points, the BSE told MTI on Tuesday. Total turnover on the stock market remained at the February […]
The real estate market continued its upswing in March, with 12,200 property sales, up 7% compared to the previous month and 10% compared to the same period last year, the real estate broker firm Duna House said in its transaction count estimate based on its own data on Tuesday, according to MTI. They added that […]
Industrial producer prices were 8.2% higher on average in February 2025 than one year earlier. Domestic output prices were 5.4% and non-domestic output prices 9.6% higher than in February in the previous year, the Central Statistical Office (KSH) reports. The price rise was primarily caused by the annual weakening of the forint exchange rate against […]
The theme of the World Expo 2025 to be held between April 13 and October 13, 2025 in Osaka is ‘Designing Future Society for Our Lives’. As to how this theme reflects Japan's vision for addressing global challenges and shaping the future, Ambassador Ono highlights to Diplomacy&Trade that world expositions are places where wisdom from […]
Zsófia Beck, managing partner for the energy industry in Central and Eastern Europe at the Boston Consulting Group (BCG), has been appointed global head of the firm's integrated energy utilities segment. According to the announcement, this is the first time the consultancy has appointed a leader to a global position from its Budapest office. Zsófia […]
The Government of Japan has reaffirmed its commitment to supporting those affected by the ongoing war in Ukraine by providing USD 178,748 to the International Organization for Migration (IOM) in Hungary. This funding will enable vulnerable refugees to access safe and dignified accommodation while also supporting their transition to independent housing, contributing to sustainable solutions, […]
Raiffeisen Bank Plc. closed last year with a consolidated profit after tax of HUF 115.9 billion, 12.3% higher than in 2023, the financial institution reported on the website of the Budapest Stock Exchange (BSE) on Monday. According to the statement, the biggest contributors to the increase in profit were a significant rise in commission income […]
According to preliminary data the deficit of the general government sector was HUF 4 002 billion in 2024, 4.9% of GDP. The balance improved year-on-year by HUF 1 097 billion, close to 1.8 percentage points as a proportion of GDP. The Hungarian Central Statistical Office (KSH) reported the data to Eurostat, the Statistical Office of […]
The Hungarian capital’s Ferenc Liszt International Airport will welcome the summer season with the largest number of flights in its history: 200 flights to 136 destinations and with 13.8 million seats available, more than ever before. The offer includes new destinations and airlines, as well as significant increases to existing destinations, the airport operator Budapest […]
Trimetrik Ltd., a manufacturer of injection-moulded plastic parts for railway and road vehicles, has built its central production plant in Székesfehérvár with a budget of more than HUF 2 billion, the Székesfehérvár municipality told MTI. The more than 6,000-square-meter plant was built in the Alba Industrial Zone thanks to the Hungarian Multi Program with the […]
The Balaton Shipping Company (BAHART) is focusing on families and cyclists with its discounts and services in this year's 179th passenger shipping season, and also aims to match or even exceed last year's record traffic, the shipping company's CEO Gábor Veigl said at the company's season opening event on a catamaran sailing between Fonyód and […]
H-Vend Service Ltd., based in Szeged, SE Hungary, has developed, with EU support, beverage and food vending machines using digital technology, which can be managed remotely and controlled without touching, the firm's managing director and owner, Gábor Haska said on Friday. At a press conference presenting the project, he said that H-Vend Service Ltd., founded […]
In February 2025, the average number of employed persons aged 15–74 was 4,682,000, essentially the same as a year earlier, the Central Statistical Office (KSH) reports. The number of unemployed persons was 220,000 and the unemployment rate 4.5%, the report says. Employment, December 2024-February 2025:In the period December 2024-February 2025, the average number of employed […]
