The number of guests at commercial and private tourism accommodations in Hungary edged up 0.6% to 1,158,000 in March from the same month a year earlier. Meanwhile the number of guest nights inched 0.9% higher to 2,703,000, data released by the Central Statistical Office (KSH) on Tuesday show. The number of domestic guests rose 1.8% […]
Hungary's banking system is capable of boosting its lending to HUF 40,000 billion, National Bank of Hungary (NBH) governor Mihály Varga said at a conference organized by business news portal Portfolio on Tuesday. Local banks' liquidity position is stable and their lending capacity is sufficient, Varga told the conference on lending. The latest data from […]
The Novohrad-Nógrád Geopark, in the border region between Hungary and Slovakia, has won EUR 3,951,000 in funding from the European Union's INTERREG program for supporting territorial cooperation, the managing director of the Nógrád Development Agency, Lilla Körmendy told MTI on Monday. She said the proposed UNESCO site, the Novohrad-Nógrád Geopark and its surrounding area, is […]
Meat processing company Pick Szeged Plc.’s revenue increased, while its net profit decreased in 2025 compared to the previous year, the meat processing company announced in its annual report published on the Budapest Stock Exchange (BSE) website. The company’s net revenue rose from HUF 85.2 billion to HUF 86.2 billion, while its net profit after […]
A compromise solution that benefits the Hungarian Academy of Sciences (MTA) and all members of the scientific community will be found, Prime Minister-elect Péter Magyar said on Monday, attending the 200th re-election convention of the MTA in Budapest. Péter Magyar told the press after delivering a speech at MTA's 200th general assembly that consultations were […]
After a period of relative stability, the Budapest Stock Exchange regained momentum following the parliamentary elections. The BUX index closed April at 133,787.99 points, representing a 10.2% increase compared to March. Stock market activity picked up even further, with trading volume exceeding the previous month’s level. In terms of the most popular stocks, OTP Bank, […]
Hankook’s 2025 Tire Donation Program has yielded tangible results in day-to-day operations: with the support of the Korean tire manufacturer, approximately 130 domestic nonprofit and charitable organizations were able to carry out their work more safely last year. Among others, the company’s tires have made the daily lives of Hungarian water rescue teams easier – […]
Industrial producer prices in Hungary were 1.2% higher on average in March 2026 than in the same period of the previous year, the country's Central Statistical Office reports. Domestic output prices went up by 1.2% and non-domestic ones by 1.3% compared to March 2025. Compared to the previous month, domestic output prices were 3.3% and […]
The nationwide initiative known as the Tourism eAcademy has been launched, aimed at strengthening the digital competencies of micro, small, and medium-sized enterprises operating in the tourism sector. The project is funded by a non-repayable European Union grant of HUF 1.2 trillion from the Digital Renewal Operational Program Plus (DIMOP Plus), the Hungarian Tourism Association […]
Following its success in the hospitality industry, Bibo Franchise Ltd. aims to strengthen its position in the consumer market with its bio-based and chemical-free products that support sustainable operations; the innovative company has already taken its first steps toward international expansion. The 100% Hungarian-owned company was founded 15 years ago by András Juhász who is […]
The Budapest Stock Exchange (BÉT) share index, the BUX, barely changed this week compared to last Friday’s close: it fell by 0.06%, or 84.26 points, to close the week’s final trading day at 133,787.99 points. Total trading volume fell from HUF 142.41 billion to HUF 96.26 billion on a weekly basis, but due to the […]
Electric vehicle adoption in Hungary is at a turning point, according to a study on electromobility released by the Hungarian Chamber of Engineers to MTI. The document provides a comprehensive analysis of the domestic and international regulatory environment, trends in the vehicle fleet, and the actual environmental impacts of electric transportation. The Hungarian Chamber of […]
The incoming minister of economy and energy, István Kapitány said kickstarting economic growth was one of the most important pillars of building a functioning Hungary in a video posted on social media on Saturday. István Kapitány said manoeuvering an economy was more like steering a mother ships than a sailboat. "We cannot promise to correct […]
Hungarian households’ net financial savings as a percentage of GDP stood at 4.6% in 2025, which continues to exceed the averages of regional and EU countries, the National Bank of Hungary (MNB) reports. Households’ net financial wealth continued to grow over the course of last year, reaching 117% of GDP by year-end. To ensure sustainable […]
Admatis Research, Manufacturing and Trading Ltd., based in Miskolc, NE Hungary, has secured EUR 105 million in EU funding to further develop its specialized heat treatment technology, one of the company’s core competencies, Tamás Bárczy, the company’s founder, owner, and managing director, told MTI. According to his statement, the non-repayable grant will also be used […]
