On Friday, the The Budapest Stock Exchange (BSE) share index (BUX) closed at 125,061.81 points, 2.25% higher than a week earlier and just 136 points shy of its historic high set on Thursday. Weekly turnover was HUF 124.9 billion, following HUF 108.2 billion the previous week, with leading shares strengthening, except for Richter, and OTP […]
MVM Tisza Power Plant Ltd. is implementing its latest investment in the power plant area with the help of a total of 4.185 billion forints in non-repayable European Union funding. A battery energy storage unit with a nominal capacity of 31 MW and a capacity of 62 MWh is being built at the Tiszaújváros site […]
German-owned SICK, which makes smart optical sensors, completed a HUF 10 billion plant and warehouse in Kunsziget (NW Hungary) on Friday, MTI reports. The development expanded production capacity by 50%. Managing director Imre Zsolt Vidó said at the handover ceremony that the project, which took several years to complete, expanded the area of the base […]
India-based automotive supplier Motherson is expanding its activities in Hungary with a series of investments, including a research and development program and the establishment of a business services center, the Hungarian Investment Promotion Agency (HIPA) reports. Motherson’s EUR 54 million Hungarian R&D project deals with AI-based sensors and advanced visual systems integrated into rear-view mirrors. […]
For the period October-December, the average number of employed reached 4,624,000, 46,000 fewer than in the same period a year earlier. The number of people employed on the primary market stood at 4,457,000, down 58,000 from a year earlier, data released by the Central Statistics Office (KSH) on Friday show. The number of Hungarians working […]
Europe stands at a critical juncture. With geopolitical tensions rising, technology races accelerating, and global competitors surging ahead, the continent can no longer rely on past strengths alone. But, according to McKinsey’s latest analysis, this moment also presents a unique opportunity for renewal if bold action is taken now. Despite ongoing efforts to reform and […]
In 2025, HelloParks further strengthened its market position in Hungary’s industrial real estate sector and raised the bar even higher in sustainable industrial property development, the company says in a press statement. In the company’s fifth year of operation, HelloParks completed the largest transaction the sector has seen to date, significantly increased the country’s stock […]
Danish refrigerator manufacturer Vestfrost Solutions is investing HUF 5.6 billion in expanding production capacity at its base in Csongrád (SE Hungary), Minister of Foreign Affairs and Trade Péter Szijjártó announced on Thursday. The government is supporting the investment, which will create 123 workplaces, with a HUF 1.1 billion grant, the minister said according to a […]
Hungary's cash flow-based general government deficit reached HUF 5,738.7bn at the end of December, the Ministry of National Economy confirmed in a detailed reading of data on Thursday. As MTI reports, the central budget gap reached HUF 5,500.1 billion and the social insurance funds were HUF 245.9 billion in the red, but separate state funds […]
On the Hungarian Culture, the Janus Pannonius Museum (JPM) launched Vasarely 2026 to mark the 120th anniversary of the world renowned Hungarian fine artist Victor Vasarely's birth and the 50th anniversary of the opening of the museum in Pécs that exhibits his works, the museum informed MTI on Thursday. The institution, which performs public collection […]
American thermoelectric technology specialist Gentherm is expanding its operation in Hungary with a new research and development program, the Hungarian Investment Promotion Agency (HIPA) reports. Supported by the HIPA, the EUR 15.7 million investment will focus on next-generation automotive cabin comfort technologies and temperature management solutions for the medical industry, according to the statement. The […]
Hungarian medical device manufacturer Medicontur Orvostechnika is investing nearly HUF 8 billion in three development projects at its base Zsámbék, on the outskirts of Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó said on Wednesday. Over one third of the cost of the investmentprojects is covered by Hungarian taxpayers as the government is supporting […]
Interest in newly built homes in Hungary rose to a multi-year high at the beginning of 2026, while demand for used homes fell significantly compared to the same period last year, ingatlan.com told MTI on Wednesday. The announcement highlighted that the year got off to a mixed start on the Hungarian housing market, with the […]
Budapest's Ferenc Liszt International Airport marked the 75th anniversary of its opening with historic records. The airport set records for both passenger and cargo volume last year, with the airport community managing the soaring passenger traffic seamlessly even during peak periods, according to a press statement by the airport operator Budapest Airport, part of the […]
Visit Hungary is launching a campaign to boost domestic travel, and accommodation providers and spas are invited to participate, Visit Hungary CEO Olivér Csendes announced on a commercial television program on Wednesday morning. He added that the national campaign asks accommodation providers to offer at least a 5% discount, and spas to offer a 15% […]
