Porsche Hungaria, the Hungarian importer of Volkswagen group brands, sold around 11,500 new Škoda cars last year, 7% more than in 2024, brand manager Gabriella Kelemen-Tűz said in Budapest. She highlighted that the Škoda brand traditionally performs well in the Hungarian new car market, with a share higher than the European average of around 9%, […]
Consumer prices in Hungary rose by 1.4% year-on-year in February 2026, according to a new flash analysis by the National Bank of Hungary (MNB) of inflation development. Relative to the 2.1% observed in January, the annual growth rate of prices was down by 0.7 percentage points. Core inflation decreased to 0.6 percentage points and stood […]
Hungary's University of Szeged and the Victor Babes University of Medicine and Pharmacy in Romania are partnering with the OncoHelp Association on a research project to reduce antibiotic resistance, the Hungarian school told MTI. The project, which runs until 2028, is funded with EUR 2.3 million from the European Union and the governments of Hungary […]
Hungary's annualised consumer price index fell to 1.4% in February from 2.1% in the previous month, according to data released by the Central Statistical Office (KSH) on Tuesday show. Food prices edged up 0.2%, but fell 3.2% excluding the price of eating out. Margarine prices dropped 32.3%, the price of milk declined 17.0% and flour […]
Around 35% of Hungarian employers plan new hires in the second quarter, a fresh survey by staffing company Manpower Hungary shows. Just 17% of companies plan to reduce headcount. 40% of respondents plan to increase their workforce due to the growth of their company and market expansion, 29% said they will now fill positions that […]
The National Bank of Hungary (MNB) has updated its guidelines for the integration of environmental, social and governance (ESG) risks into banks' regular risk management framework, the central bank and financial market watchdog said on Monday. In applying the updated recommendation, institutions must adapt their operations and decision-making processes to the changed regulatory environment. This […]
Hungary will cap retail prices of motor fuel at HUF 595/liter for petrol and HUF 615/liter for diesel from midnight on Monday, Prime Minister Viktor Orbán has announced. The price cap will apply to private individuals, farmers, hauliers and businesses with vehicles with Hungarian number plates and residency in Hungary, the PM said. He was […]
German-owned electronic components maker Rosenberger is investing HUF 47 billion in capacity expansions at three of its bases in Hungary, it was announced on Monday. A global manufacturer of electronic components, Rosenberger is known for its uncompromisingly high-quality products. Its product range includes connectors, components, accessories, and cables, primarily used by leading high-tech companies in […]
Hungary's cash flow based general government deficit reached HUF 2,106.8 billion at the end of February, the Ministry of National Economy said in a preliminary release of data on Monday. The central budget deficit reached HUF 2,010.1 billion and the social security funds were HUF 129.6 billion in the red, but separate state funds had […]
Cinematographer Mátyás Erdély has been awarded the Spotlight Award for his outstanding work on Orphan, the latest film of Hungarian Oscar-winning director László Nemes Jeles, the American Society of Cinematographers said on Monday. The 40th ASC awards were handed over in Los Angeles late on Sunday. The film follows a 12-year-old boy, Andor, in ruined […]
The Budapest Stock Exchange (BSE) share index, the BUX, ended the week at 121,907.53 points, down 3.66% from last Friday's close. Turnover increased from HUF 135.24 billion to HUF 219.93 billion, with leading shares weakening, except for Mol. In its weekly summary, Equilor Investment Ltd. explained that energy prices had risen significantly worldwide due to […]
Wizz Air UK has announced that it has officially received the necessary permits to operate flights between the United Kingdom and the United States. As communicated earlier, the airline has no intention or plans to launch regular commercial flights to the US, the new authorization represents a significant achievement and reflects months of preparation, regulatory […]
WABERER’S INTERNATIONAL Plc. announced back in November 2025 that its wholly owned subsidiary, the insurance company Gránit Biztosító Plc. exercises its call option right as set out in the Framework Cooperation Agreement concluded with Magyar Posta Plc. simultaneously with the share purchase agreement relating to the acquisition of a majority stake and acquires the 33.095% […]
Shopper Park Plus Plc. (SPP) has made a public announcement regarding the closing of the acquisition of a real estate portfolio consisting of eight retail parks located in Poland from the sellers Auchan Polska Sp. z o.o. and Ceetrus Polska Sp. z o.o. SPP has previously disclosed to the public certain steps related to the […]
Fourth-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 19% year-on-year to 297.3 billion, according to a new earnings report. Net interest income increased 11% to HUF 509.2 billion. Net revenue from commissions and fees climbed 8% to HUF 160.4 billion. For the full year, after-tax profit rose 7% to HUF 1,146.3 billion. […]
