Output of Hungary's construction sector climbed 8.9% year-on-year in December, MTI quotes data released by the Central Statistical Office (KSH) on Friday show. Construction sector output increased 6.5% when adjusted for the number of workdays. Output of the buildings segment climbed 8.4%, while civil engineering output increased 10.5%. In absolute terms, construction sector output reached […]
Under the agreement between the two companies, 2Connect will provide Yettel Hungary with wholesale broadband access through its gigabit capable fixed infrastructure. As a result, fixed internet service will become available to Yettel customers in the second half of the year. As part of the agreement between Yettel Hungary Plc. (Yettel) and 2Connect Telecommunications Infrastructure […]
Overall, the structure of Hungarian health care expenditures presents a dual picture: the state dominates in severe, long-term care services, while households bear a significant direct financial burden in pharmaceuticals, medical devices and outpatient care. That has been established by the Budapest-based GKI Economic Research Institute in its latest study on the subject. Based on […]
Hungary's annualized consumer price index fell to 2.1% in January from 3.3% in the previous month, data released by the Central Statistical Office (KSH) on Thursday show. Food prices edged up 1.3%, but fell 2.0% excluding the price of eating out. Margarine prices dropped 29.4%, the price of dairy products declined 17.9% and flour prices […]
In response to the economic growth of the eastern Hungarian region and the increasing demands of its partners, the Ghibli Group and Weerts Logistics Parks (WLP) have handed over a state-of-the-art logistics hall with a floor space of 11,500 square meters in Ebes, near Debrecen. With this investment, the total indoor and outdoor capacity of […]
Italian-owned Kaposvár-based Kométa 99 Plc., specializing in pig slaughtering and the production of meat industry products, is expanding its site with an investment of EUR 117.1 million. As one of the key players in the domestic food industry, it employs more than a thousand people in Kaposvár (SW Hungary). Under the program, the new state-of-the-art […]
Hungarian furniture maker Frontalit on Thursday inaugurated a HUF 349 million investment supported by the Demján Sándor Program for scaling up local SMEs, MTI reports. Frontalit purchased equipment and vehicles and organized training programme for employees at its base in Vásárosnamény (E Hungary). Half of the project cost was covered by a matching support scheme […]
Between February 16 and 22, 2026, Budapest will once again host the Third Hungarian-Africa Week, a week-long series of comprehensive professional and cultural programs for Hungarian and African business, institutional, educational, and civil society actors. It aims to strengthen Hungarian-African relations, initiate new collaborations, and create a forum for the exchange of experiences and joint […]
Members of the Monetary Council of the National Bank of Hungary (MNB), MTI quotes the minutes from a monthly policy meeting in January. "Certain Council members highlighted that with declining inflation, rising real interest rates increased the room for manoeuvre for monetary policy," the minutes of the meeting on January 27 said. "They also agreed […]
Hungarian oil and gas company MOL announced on Wednesday its entry into Libya in partnership with Spain's Repsol and Turkey's TPAO. After winning a joint bid for the O7 offshore block, MOL will enter the exploration project with a 20% stake. Repsol will hold 40% and operate the project, and TPAO will have a 40% […]
Fumito Sakai will assume the role of Managing Director of Magyar Suzuki Corporation effective March 1, 2026. He succeeds Masato Atsumi, who led the Esztergom-based automotive manufacturer for nearly five years and will now continue his career in Japan, Magyar Suzuki says in a statement issued this Wednesday. Fumito Sakai joined the Suzuki Group in […]
Italian-owned Meth Electric Transformers will invest HUF 5 billion into expanding capacity at its base in Nagykanizsa (SW Hungary), creating 140 jobs, MTI reports. The government supports the investment with a HUF 290 million grant, Minister of Foreign Affairs and Trade Péter Szijjártó said on Tuesday. Meth will build an 8,000sqm plant, purchase new production […]
Britannica International School, Budapest has announced the successful conclusion of the Orbital Model United Nations (MUN) Conference 2026, held on February 2–3, 2026 in the Hungarian capital. The two-day event brought together ambitious young delegates from five distinguished Orbital Education schools, united by a shared commitment to dialogue, cooperation, and global responsibility. The announcement says […]
Home prices in Hungary rose 17.5% year-on-year in January, listings site ingatlan.com said on Tuesday. In Budapest, home prices were 20.4% higher. In a month-on-month comparison, home prices were up 1.7% nationwide and increased 2.9% in Budapest. Prices in Budapest's District XIII, with the most listings, averaged HUF 1.62 million/sqm. The median price in the […]
CRU Hungary has won HUF 557 million in European Union and state grant money to support the development of a multimodal diagnostic platform in Encs, NE Hungary, the clinical research company told MTI. According to the announcement, the development is based on the coordinated processing of blood-based biomarker analyses and digital health data collected using […]
