First-quarter sales of new farm machinery in Hungary rose 44% year-on-year to HUF 54.3 billion, a report by the Institute of Agricultural Economics (AKI) shows. Individual farms and agricultural cooperatives purchased new agricultural machinery and equipment worth HUF 54.3 billion during the first three months of this year, and spent HUF 24.5 billion on spare […]
The strengthening of ties between the two peoples will make Sino-Hungarian relations even more resilient. That is according to China’s ambassador to Hungary, Gong Tao, who is of the opinion that since the establishment of diplomatic relations 77 years ago, Sino-Hungarian relations have developed in a healthy and stable manner, regardless of changes in the […]
In a series of articles, GKI Economic Research Co., presents the short- and long-term economic challenges facing the new Hungarian government. This week, they examine the situation of Hungarian pensioners, with a European perspective. The researchers recall that in Hungary, the nominal average pension has increased by 131% since 2012, but this initially favorable figure […]
Output of the automotive industry, Hungary's biggest manufacturing sector, rose 8.0% year-on-year in April, a detailed reading of data released by the Central Statistics Office (KSH) on Friday shows. The automotive segment accounted for 27% of manufacturing output during the month. Output of the computer, electronics and optical equipment segment, which accounted for 13% of […]
Summer passenger numbers at the Hungarian capital’s Ferenc Liszt International are expected to climb over last year's 5.5 million, Francois Berisot, the CEO of the operator company Budapest Airport, told journalists on Friday. Forty-nine airlines are offering flights to 166 destinations from this airport this summer, Francois Berisot is quoted by MTI, highlighting new direct […]
Ganz Transformers and Electric Rotating Machines has wound up a close to HUF 5 billion development project at its base in Tápiószele (E Hungary), the company said on Friday. As MTI reports, Ganz Electric upgraded its production equipment and expanded its capacity to deliver bespoke engineering solutions, paving the way for a bigger order book. […]
Budapest aims to be among the leading European sports capitals, Hungarian Interior Minister Gábor Pósfai, told the 55th General Assembly of the European Olympic Committee (EOC) in Budapest on Friday. Quoted by MTI, the minister, whose portfolio includes sports affairs, said the assembly was an excellent opportunity to "show the strength of sports, strengthen international […]
Output of Hungary's construction sector rose 2.6% year-on-year in April, data released by the Central Statistical Office (KSH) on Friday show. Construction sector output increased at the same pace when adjusted for the number of workdays. Output of the buildings segment fell 6.2% but civil engineering output climbed 13.9%. In absolute terms, construction sector output […]
Hungary has officially submitted its recovery and resilience plan to the European Commission, a plan to amend certain laws necessary for accessing European Union funds withheld during the previous Hungarian administration. Amending those regulations will be on the agenda of Hungarian Parliament’s extraordinary session next Tuesday. “Bringing home EU funds” was one of the most […]
A 16-year-old Hungarian student has written a compelling novel tackling one of the most difficult issues affecting young people today. 'The Convicted Boy' tells the story of a school shooting from the perspective of the perpetrator, exploring the emotional and psychological factors that could drive a teenager to commit such a tragic act. Written under […]
According to K&H’s SME Confidence Index, labor market planning for the coming period among company executives is characterized by a wait-and-see attitude and heightened caution; they are striving for stability in workforce levels, while a decline is observed in salaries and fringe benefits, and wage growth expectations have fallen to levels not seen since 2021, […]
Hungarian oil and gas company MOL announced on Thursday that it successfully concluded negotiations with the government of Serbia on the conclusion of a shareholders' agreement for the acquisition of a majority stake in Serbian peer NIS. "Negotiations with the seller and the relevant authorities are ongoing in order to finalize the transaction," MOL's statement […]
Greenergy-Solar Duna Ltd. has completed its electricity storage construction project, which involved a HUF 1.8 billion investment to install four storage units, each with a capacity of 1,245 megawatts, at the company’s solar park near Paks, Central Hungary, MTI reports. At a project-closing press conference held on-site, Levente Tasnádi-Tulogdi, the company’s managing director, stated that […]
The previous government has treated the situation of Hungarian families, especially families with multiple children, as a priority since 2010. This also brought about a paradigm shift, shifting to a policy that encourages childbearing and aims to achieve demographic goals, in which they emphasized the role of work alongside the family. This resulted in a […]
The consolidated net profit of the Budapest Stock Exchange (BSE) for the first quarter of 2026, which includes the BSE's share of the KELER Group's results, is nearly HUF 1,64 billion, BSE announced on its website. The EBITDA value for the the first quarter of 2026 was HUF 613 million, which is 42% higher than […]
