A contract for a EUR 1.2 billion syndicated loan for the construction of a 1,000 MW combined cycle gas turbine power plant in Tiszaújvaros (NE Hungary) has been signed, state-owned energy group MVM said on Friday. MVM said the syndicated loan is provided by 11 banks on favorable terms. The loan is covered by the […]
The value of the output of the Hungarian agricultural sector was above HUF 4,400 billion in 2025, which was 6.2% more than a year earlier. The contributors to the growth were a 10% rise in the total producer price level and a 2.5% increase in the volume of livestock production. The volume of output fell […]
The volume of industrial production lagged behind the one year earlier level by 2.7% in October 2025. Output also fell 2.7% when adjusted for the number of workdays. According to seasonally and working-day adjusted data, industrial output was 0.5% higher than in September 2025. Production volume decreased in the great majority of the manufacturing subsections […]
The construction industry is not expected to see a rapid rebound next year, but rather a slow, gradual recovery, driven primarily by residential renovations, energy efficiency programs, and preferential loans, the local unit of Italian building materials maker Mapei said in a report. Managing director Béla Markovich said the Home Start subsidized credit scheme for […]
Hungary is heading into 2026 with the uncomfortable feeling of déjà vu: another year where growth is possible on paper but hard to spot in real life. A fresh research note from ING Bank Hungary warns that the country’s disappointing third-quarter performance in 2025 has exposed structural weaknesses that are likely to drag on next […]
The Hungarian oil and gas company MOL Plc. entered into a sale and purchase agreement this Thursday to acquire Polsolar Ltd., holding five fully operational solar farms near Mezőcsát in Eastern Hungary, MOL said in a statement on the website of the Budapest Stock Exchange. The five solar farms have a combined capacity of 304 […]
An invited audience of well-known figures from the film industry celebrated Ildikó Enyedi's career at Origo Film Studio this Thursday. The film director, who recently celebrated her 70th birthday, received the Hungarian Hollywood Council's Adolph Zukor Award in a ceremony, the Council says in a statement. The highest honor of the civil organization, founded in […]
There are between 100 and 110 Danish subsidiaries in Hungary and these companies employ over 20,000 people altogether, while in bilateral trade, Hungary has a surplus, Dániel Péter, Commercial Advisor at the Danish Embassy tells Diplomacy&Trade. He also details the activities of The Trade Council that assists Danish companies with export and investment promotion services. […]
Retail sales in Hungary rose 3.1% year-on-year in October, data released by the Central Statistics Office (KSH) on Thursday show. Retail sales also rose 3.1% when adjusted for calendar year effects. Adjusted food sales increased 1.2%, non-food sales climbed 5.2% and vehicle fuel sales edged up 0.6%. Online and mail-order sales volume, which accounted for […]
The University of Szeged (SE Hungary) signed a cooperation agreement with Chinese car manufacturer BYD Auto Hungary on Wednesday. The agreement extends to instruction and research and development. University of Szeged rector László Rovó said the school had made an intensive effort to built up its network of Chinese contacts over the past decade, opening […]
The minister of national economy has decided to limit the number of residency permits issued for guest workers to 35,000 in 2026, level with the number in 2025, the ministry announced on Tuesday. "Hungarian labour remains the priority for the government which is why it will make every effort to put Hungarians in unfilled positions," […]
Swiss-owned building materials maker Swiss Krono is investing HUF 20 billion in a capacity expansion at its base in Vásárosnamény (NE Hungary), MTI reported on Tuesday. Hungarian taxpayers cover 15% of the investment through a government decision of a HUF 3 billion grant to support the project, which is expected to raise headcount to 200. […]
Hungary's Continest, which makes foldable containers that can be used as temporary accommodations, offices, first aid stations and for other purposes, inaugurated a HUF 50 million painting facility at its base in Székesfehérvár, southwest of Budapest, on Tuesday. Continest is supplying containers for Sweden's civil defense forces, NATO as well as the 2026 Winter Olympic […]
Listed ICT and telecom company 4iG said on Monday that its unit 4iG Telecommunication Holding acquired 99% of telecommunications operator Netfone Telecom. Netfone Telecom has a nationwide sales network, manages 106,000 SIM cards and has become a dominant player in the Hungarian mobile virtual network operator market. Following the transaction, Netfone Telecom will continue to […]
Hungary's GDP rose 0.6% in the third quarter compared to the same period a year earlier, the Central Statistics Office (KSH) confirmed in a second reading of data on Tuesday. Services boosted GDP by 0.9 percentage points, while the construction sector added 0.1 percentage points to growth. Industry weighed 0.3 percentage points and the farming […]
