The 16th Francophone Film Days in Budapest will be held from March 4 to 14 with a number of accompanying programs; Nadia Melliti, who won the Best Actress award at last year's Cannes Film Festival, and the program's patron, Hungarian film director Ildikó Enyedi, will also participate in the event. Organized by the French Institute, […]
Húsüzem ['Meat plant'] Ltd., a meat processing company based in Zalaegerszeg (SW Hungary), and Széchenyi István University in Győr (NW Hungary) have partnered to develop a product line with health benefits by transforming meat industry by-products through biotechnology in Zalaegerszeg. The project was supported by Hungarian taxpayers with a HUF 407 million grant from the […]
Listed building materials maker Masterplast had net profit of EUR 2.2 million in the fourth quarter of 2025 compared to losses of EUR 8.9 billion a year earlier, the company said on Thursday. Revenue jumped 83% year-on-year to EUR 60.9 million during the period. EBITDA excluding one-off items came to EUR 6.4 million. Masterplast said […]
In his welcome speech at the gala, held at the Museum of Fine Arts, Government Commissioner and CEO of the HIPA Hungarian Investment Promotion Agency, István Joó was of the view that Hungary remains one of Europe’s safest and most investor-friendly countries. Despite a challenging global economic environment, 2025 marked a record year in several […]
This Thursday evening, Magical Hungary (VM) held its 16th grand nature photography award gala and exhibition opening. For the second time, the prestigious event was hosted by the Biodome of the Budapest Zoo and Botanical Garden, which provided a fitting venue with its unique atmosphere for the closing of the 2025 competition season. According to […]
The European Bank for Reconstruction and Development (EBRD) forecasts Hungary's GDP will grow by 2.0% in 2026 and 2.5% in 2027 in its latest Regional Economic Prospects report released on Thursday. EBRD left its growth forecast for 2026 unchanged from its previous report published in September. The Bank noted that industrial activity in 2025 remained […]
The number of guests at commercial and private tourism accommodations in Hungary rose 5.3% to 1,067,000 in January from the same month a year earlier, while the number of guest nights climbed 3.6% to 2,351,000, data released by the Central Statistical Office (KSH) show. The number of domestic guests rose 4.6% to 494,000 and the […]
Metrinox has inaugurated a manufacturing plant in Szerencs (NE Hungary) which will produce smart gas and electricity meters in the future. Metrinox CEO Zoltán Jászberényi stated in his address that the plant currently employs ten people, but they aim to increase this number to 50 by the end of the year. He emphasized that, in […]
Around 43 GW of enhanced geothermal capacity in the European Union could be developed at costs below EUR 100/MWh today, comparable to coal and gas electricity. The largest potential is concentrated in Hungary, followed by Poland, Germany and France, according to a new study by the global energy think tank EMBER that accelerates the clean […]
The General Assembly of the Business Council for Sustainable Development in Hungary (BCSDH) elected Péter Noszek, Managing Director of Nestlé Hungária Ltd., as a new member of its Board. After ten years of dedicated service, Zoltán Gazsi is stepping down from the BCSDH Board. The general assembly of the Hungarian Business Council for Sustainable Development […]
Net income of Magyar Telekom rose 32% to HUF 208.4 billion in 2025, the telecommunications company said in an annual report released on the website of the Budapest Stock Exchange. Revenue edged up 2% to HUF 983.9 billion. Direct costs were practically flat at HUF 377.5 billion and indirect costs fell 16% to HUF 188.6 […]
Green Energy Investhor is acquiring permits to build a 499 MW wind farm on the outskirts of Vadosfa (NW Hungary), the company told MTI on Wednesday. The planned investment will create a total of 499 megawatts (MW) of new installed capacity with 70 modern wind turbines (each with a unit capacity of 7-7.2 MW), which […]
Listed Hungarian automotive industry company Rába had after-tax profit of HUF 2.9 billion in 2025, climbing from a little over break-even in the base period, an earnings report released after the closing bell on Wednesday shows. Revenue fell 6% to HUF 54.2 billion, but the bottom line was lifted by the sale of two pieces […]
Hungarian-owned Biolab Diagnostic Laboratory Plc. is implementing a EUR 3.26 million capacity expansion project at its Pomáz site, the Hungarian Investment Promotion Agency (HIPA) reports. The company manufactures microbiological diagnostic products for the pharmaceutical and medical technology sectors and is the only company in Central Europe to provide laboratories with a complete range of equipment […]
The value of new leases in Hungary rose 7% to HUF 1,037 billion in 2025, the head of the Hungarian Leasing Association has said in a statement. The number of new contracts edged up 1% to 85,166. Vehicle leases accounted for HUF 607 billion of the total contract value. The value of farm machinery leases […]
