German premium car maker BMW is expanding its presence in Hungary with a new business service center. The EUR 4.3 million investment, supported by the Hungarian Investment Promotion Agency (HIPA), creates a new unit in Debrecen, the location of BMW’s Hungarian plant, producing the i3 model of the Neue Klasse series since October 2025. The […]
Consolidated after-tax profit of MBH Bank, Hungary's second-largest commercial lender, fell 17% to HUF 165.1 billion in 2025, an earnings report released on Thursday shows. Consolidated after-tax profit of MBH Bank, Hungary's second-largest commercial lender, fell 17% to HUF 165.1 billion in 2025, an earnings report released on Thursday shows. Net interest revenue dropped 9% […]
According to preliminary data, 5,333 children were born and 10,198 people died in February 2026. The number of births lessened by 6.0% and that of deaths by 8.1%, while the number of marriages rose by 20% compared to the same month of the previous year, the Central Statistical Office (KSH) reports. The natural decrease was […]
The Continental Tobacco Group has opened a finished goods warehouse in Sátoraljaújhely, NE Hungary, covering nearly 4,000 square meters and equipped with modern technology, in the presence of Péter Szijjártó, Minister of Foreign Affairs and Trade. The facility is a key component of the large-scale investment program that the Hungarian-owned tobacco group has implemented in […]
Spar Hungary has modernized one hypermarket and two supermarkets at a total cost of over HUF 4.3 billion; all three stores reopened on Thursday, the company told MTI. The company reopened its Interspar store in Veszprém (W Hungary); during the nearly HUF 2.8 billion investment, the floor space of the more than 4,000-square-meter sales area […]
The British Chamber of Commerce in Hungary (BCCH) has a history of over three decades. Its successful activities have resulted in its membership being expanded over the past few years, further spreading British good business practices in Hungary. It has fruitful collaboration with fellow chambers in Budapest and looking forward to the same with the […]
TUBEX Mátra Ltd., a German-owned company, is implementing a significant investment at its site in Sirok (NE Hungary), which will expand production capacity, modernize the facility, and support more sustainable operations, the Hungarian Investment Promotion Agency (HIPA) reports. TUBEX manufactures lightweight metal packaging solutions, primarily producing aluminum aerosol cans and tubes. The company’s products are […]
The jobless rate in Hungary for people between the ages of 15 and 74 stood at 4.8% in February, according to data released by the Central Statistical Office (KSH) on Friday. In absolute terms, there were 231,000 unemployed. The number of employed reached 4,616,000. For the period December-February, the average number of employed reached 4,623,000, […]
As a result of the war in the Middle East and the resulting surge in energy prices, the National Bank of Hungary (MNB) has significantly revised downward its outlook for the Hungarian economy. According to the latest forecasts, GDP growth will be much lower than previously expected, while inflation will accelerate noticeably. MNB projects that […]
As part of the EUR 23.1 million investment by the MAB Group — one of Hungary’s largest privately owned mining and construction materials companies — a rock wool insulation manufacturing plant will be built with a maximum production capacity of up to 50,000 tons. The project in Heves County by MAB Insulations Ltd., part of […]
ORIGO Film Studios in Budapest has reached a defining milestone in its sustainability roadmap with the official handover of its state-of-the-art solar energy park. The company says this multi-megawatt installation represents a significant leap toward their net-zero emissions goal, reinforcing Budapest’s position as a premier, eco-conscious hub for global blockbuster productions. By integrating cutting-edge photovoltaic […]
Diplomatic relations between the United Kingdom and Hungary date back to more than a century with evolving economic and commercial partnerships. Over this time, the International Trade & Investment Section of the British Embassy in Budapest has become a central pillar of this partnership, supporting British companies to export to and invest in Hungary and […]
The number of guests at commercial and private tourism accommodations in Hungary rose by 4.6% to 1,068,000 in February from the same month a year earlier, while the number of guest nights climbed 5.2% to 2,438,000, data released by the Central Statistical Office (KSH) on Thursday show. The number of domestic guests rose by 4.9% […]
Thanks to the new technology applied at the Székesfehérvár plant of the American company Howmet, which provides advanced engineering solutions globally for the aerospace and transportation industries, production capacity will increase by 50%. The company's EUR 44.9 million investment inaugurated this week promises the creation of 80 new jobs in the region, according to a […]
The Hungarian capital has been selected among the Special Mentions of the Lee Kuan Yew World City Prize 2026, one of the world's most prestigious urban development awards, Budapest Mayor Gergely Karácsony’s announcement is quoted by MTI. In addition to London as the laureate, Antwerp, Budapest, Guangzhou, Taipei and Tianjin have been selected as Special […]
