Greenvolt Group inaugurated a 99MW/288MWh battery storage investment on the outskirts of Buj (NE Hungary) on Wednesday. Greenvolt's project companies were awarded a combined HUF 11.3 billion in grant money for the investment. Greenvolt Group CEO Joao Manso Neto said the investment had raised the business's battery storage capacity in Hungary to 135MW, complemented with […]
In October, this year, the Hungarian capital will host one of Europe’s most significant circular economy events, the Circular Economy Hotspot, which will bring the world’s leading experts, business leaders, and decision-makers to Hungary, the organizer, the Business Council for Sustainable Development in Hungary (BCSDH), said in a statement this Wednesday. However, the three-day event […]
Despite better-than-expected first-quarter GDP data, growth in the Hungarian economy may be subdued this year, while inflation is likely to remain within the target range, according to the MBH Analysis Center’s Macroeconomic Outlook released on Wednesday. The analysis, reviewed by MTI, states that strong forint and easing inflation may provide room for monetary easing, while […]
Hungarian pharmaceutical company Gedeon Richter announced the signing of a global collaboration agreement with Indian peer Hetero Labs on the joint development, registration and commercialization of a semaglutide injection, a generic of the anti-diabetic drug Ozempic, the Hungarian company has announced on thew website of the Budapest Stock Exchange. The agreement combines the companies’ complementary […]
Mass production has begun at South Korean-owned EcoPro BM Hungary's cathode materials plant in Debrecen (E Hungary), according to a company statement released and reviewed by MTI on Tuesday. The plant is EcoPro's first European manufacturing base. The 44-hectare complex has three units: EcoPro BM produces cathode materials, EcoPro Innovation processes lithium and EcoPro AP […]
This year, even more children from disadvantaged backgrounds will have the opportunity to find a sense of community, self-confidence, and a vision for the future through sports. The opportunity-creating sports program of Provident Financial Ltd. and the Hungarian Interchurch Aid is entering a new phase: Dream Championship 2.0 now supports young people living in disadvantaged […]
Revenue of Hungary's Wallis Group rose 27% to HUF 912 billion in 2025, the company said on Tuesday. Foreign markets generated a little over 60% of turnover. Turnover at WING Group, the largest portfolio company of Wallis Group, rose by 53% to HUF 304 billion in 2025, while its EBITDA reached HUF 64 billion. The […]
Hungary's annualized consumer price index fell to 1.8% to in May from 2.1% in the previous month, according to data released by the Central Statistical Office (KSH) on Tuesday. Food prices inched up 0.5%, but fell 2.1% excluding the price of eating out. Pork prices fell 10.1% and potato prices dropped 2.6%, but fresh fruit […]
For the first time this year, Városi ['City'] Platform is organizing a nationwide festival to mark World Art Nouveau Day, bringing together fully 74 events across Budapest, four regional cities, and Subotica in Serbia. The five-day series of events will run from Wednesday to Sunday. The festival, which offers a record number of programmes, aims […]
Hungary's government wants to participate in the shared effort to build up Europe's high-speed rail network, Hungarian Transportation and Investment Minister Dávid Vitézy said ahead of a meeting of his European Union peers in Luxembourg on Monday. In a social media post, quoted by MTI, the minister stated that Hungary also wanted to be a […]
István Szászi, head of the Bosch Group in Hungary and the Adria Region, received the 2025 Manager of the Year Award, while Sándor Csányi, chairman of OTP Bank, was honored with the 2025 Manager of the Year Lifetime Achievement Award, the National Association of Managers announced to MTI on Monday. The Managers’ Association held the […]
Hungary's cash flow-based general government balance showed a HUF 43.5 billion surplus in May, preliminary data released by the Finance Ministry, and reviewed by MTI, show. The surplus narrowed from a HUF 129.5 billion surplus in the same month a year earlier. The general government for the period January-May reached HUF 3,806.3 billion, 90.2% of […]
Logistics company STI Hungary has acquired a division of Hungary's Complex 3H that has developed a thermal system for maintaining temperatures of pharmaceutical shipments without an external power source for up to seven days, MTI reports. In a statement, STI Hungary managing director Péter Csipes said the technology could be used for shipments of biotechnology […]
Commissioned by the GKI economic research institute in the spring of 2026, an online survey involving 211 participants was conducted on the extent and effects of social media use in Hungary. Although the research cannot be considered representative of the entire Hungarian population, the results still clearly identify the most important domestic social trends related […]
The Budapest Stock Exchange closed out a volatile week, with the BUX index ending trading down 0.70% at the end of a period marked by geopolitical tensions. While Mol and Magyar Telekom managed to gain ground, OTP and Richter saw their share prices fall in a market with slightly declining trading volume, the financial website […]
