Consumer prices were 5.6% higher on average in February 2025 than a year earlier. Over one month, consumer prices rose by 0.8% on average, within which food became 1.2% more expensive, the Central Statistical Office (KSH) reports. In 12 months, compared to February 2024:A price increase of 7.1% was recorded for food, within which 44.3% […]
The volume of industrial production lagged behind the one year earlier level in January 2025 by 3.9%. The working day adjusted index is equal to the non-adjusted one, the Central Statistical Office (KSH) reported this Tuesday. Out of the manufacturing subsections production increased in five, and lessened in eight, at the highest rate in the […]
The "Hello Beijing" cultural and tourism promotion event organized on March 7 by the Beijing Municipal Bureau of Culture and Tourism was a great success in Budapest, according to a statement about the event, which attracted nearly 100 participants, including many tourism professionals, journalists and travel bloggers. The event provided a detailed presentation of Beijing's […]
Ferenc Liszt International Airport, the main airport of the Hungarian capital, has been named the best airport in Europe in the category of airports with 15-25 million passengers a year for the second time in two years. The recognition, given by Airports Council International, is one of the most prestigious awards in the airport industry, […]
The new leadership of the National Bank of Hungary (MNB) is committed to reducing inflation, and its primary goal is to achieve and maintain price stability, the new governor of the central bank, Mihály Varga said at the opening conference of the Hungarian Chamber of Commerce and Industry in Budapest. According to statement by MNB, […]
Major electrolyte producer KunlunChem is set to expand the traditional chemical industry in Szolnok with a low-energy factory by an investment exceeding EUR 100 million, according to the Hungarian Investment Promotion Agency (HIPA). The Chinese company’s greenfield investment builds upon a strong tradition, as the largest chemical plant of the region, the Tiszamenti Vegyiművek was […]
In ten years, Magyar Suzuki Plc. has produced one million units of the Vitara model. The 1,000,000th Vitara with a GLX sunroof was completed this Friday at the Esztergom factory, the company told MTI. The Vitara is currently Hungary's most popular passenger car, the company's communications manager Zsuzsanna Bonnár-Csonka said. She recalled that the start […]
Budapest-based ANY Security Printing Company Plc.'s net sales for 2024 increased by 27% year-on-year to more than HUF 70.5 billion, the company announced on the website of the Budapest Stock Exchange. Among strategic products, card production and personalization sales grew 50% compared to 2023, while sales of security products and solutions increased 25%. Export sales […]
The airport of the Hungarian capital, currently known as Ferenc Liszt International Airport, was opened to the traveling public on May 7, 1950. The facility, which initially handled 50,000 passengers a year and now serves the same number a day, broke all previous records and handled 17.6 million passengers in 2024. A statement by the […]
OTP Bank's consolidated adjusted adjusted profit after tax for the last quarter of last year was in line with the average expectations at HUF 249.735 billion, 17% higher than in the same period of the previous year, according to a statement published on the website of the Budapest Stock Exchange (BSE) on Friday morning. The […]
French President Emmanuel Macron is seeking to strengthen EU unity on Ukraine, but Hungarian Prime Minister Viktor Orbán remains opposed. Meanwhile Brussels is preparing to bypass Hungary as it seeks funding to sustain support for Kyiv and strengthen its defense capabilities. Hungarian Prime Minister Viktor Orbán traveled to Paris for discussions with French President Emmanuel […]
The new Ukrainian Ambassador to Hungary, Fedir Sandor officially took office this Thursday after presented his credentials to the President of the Republic, Tamás Sulyok, in the Hungarian capital. Fedir Sandor is a professor at the Uzhhorod National University, but since the beginning of the current Russian invasion of Ukraine, he has been a soldier […]
The more successful Hungarian companies are abroad – anywhere in the world, but primarily in the Carpathian Basin – the stronger the Hungarian economy will be, Levente Magyar, Parliamentary State Secretary of the Ministry of Foreign Affairs and Trade, said on Thursday in the Transylvanian village of Comuna Moldovenești (in Hungarian: Várfalva), at the inauguration […]
Intersnack Hungary Ltd. handed over an HUF 8 billion self-financed capacity increase investment at its Győr plant in NW Hungary this Thursday. Dénes Lukács, the company's managing director, said that the investment will make oven-baked crisps, which contain 70% less fat than conventional products, available in Hungary. The product will be launched not only in […]
Shopper Park Plus Plc. (SPP) has made a public announcement on the website of the Budapest Stock Exchange relating to the closing of the acquisition process of a Tesco-anchored Slovakian portfolio. The statement says SPP has previously published information on the details of the transaction in several announcements between October 10 and December 19, 2024). […]
