Provident Financial Ltd. has reached another milestone: it has officially opened its 20th customer service center in Hungary, located in District IX, which is also the company’s second customer service center in Budapest. The company says that thanks to the new customer service center, residents of South Pest and the surrounding metropolitan area can access […]
The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25 basis points to 5.75% at a monthly policy meeting on Tuesday. The Council also lowered the central bank's symmetric interest rate corridor by 25 basis points, bringing the O/N deposit rate to 4.75% and the […]
Combined revenue of the 92 members of the Association of Hungarian Logistic Service Centers (MLSZKSZ) climbed 14% in 2023-2025, while profit surged 41%, the association said on Tuesday. Annual revenue rose from HUF 1,117 billion in 2023 to HUF 1,269 billion in 2025. After-tax profit climbed from HUF 77.6 billion to HUF 109.6 billion during […]
Hungary's first humanitarian aid package to earthquake-hit Venezuela has arrived in Caracas, Hungarian health minister Zsolt Hegedűs said on social media on Tuesday. The minister noted that over 5,000 people are known to have died in two quakes, measuring 7,2 and 7,5 on the Richter scale, on June 24, while over 16,000 people were injured. […]
Demand in the real estate market has been subdued this year, with sales volume down compared to last year; however, more properties priced above the average were sold in the first half of the year, real estate broker Duna House reported on Tuesday. According to their analysis, sales of residential properties priced above HUF 100 […]
Based on May data from the Hungarian Central Statistical Office (KSH), there are no signs of a turnaround in the construction industry yet: production volume fell by 10.7% year-on-year and by 6.5 % compared to the previous month. However, according to the local unit of Italian building materials manufacturer Mapei, the statistics do not yet […]
Hungary's largest lender, OTP Bank Plc. announces that it signed a share purchase agreement to acquire 100% of the shares of Luminor Holding, the parent company of Luminor Bank, operating in the Baltic region. In an extraordinary announcement, OTP Bank Plc. said on the website of the Budapest Stock Exchange that the shares of Luminor […]
Researchers at the Budapest University of Economics (BGE) have developed a scientifically based ecological footprint calculator for businesses. The application supports sustainability decisions with an easy-to-understand metric and shows user companies in which areas they can achieve the greatest impact and where their environmental impact is most significant, the university says on its website. With […]
“During this transitional period, I will do my utmost to carry out the duties entrusted to me in a balanced and impartial manner, serving the interests of the country,” Ágnes Forsthoffer, Speaker of the National Assembly wrote after Amendment 17 to the Fundamental Law entered into force with the signature of President of the Republic […]
Hungary’s strategic fuel reserve has doubled since the low point in March, so Hungary's fuel supply is secure, but reserves need to be stockpiled, the Ministry of Economy and Energy has announced. The strategic fuel reserve ensures that the country can continue to function and that families and the economy are supplied in the event […]
The Budapest Stock Exchange (BSE) stock index fell this week amid declining trading volume; on Friday, the BUX closed at 140,981.27 points, down 1.04% from the previous week. Weekly trading volume totaled HUF 102.8 billion, down from HUF 104.7 billion the previous week, with leading stocks – with the exception of Mol – posting losses. […]
It was August 2025, on a Saturday morning. Together with members of the Peruvian Embassy, we set out on a journey outside Budapest. The sun shone brightly, while the steady flow of traffic revealed that many people were taking advantage of the weekend to escape the capital. We, too, were heading toward a special destination […]
Hungarian students took home gold, silver and bronze medals from the 58th International Chemistry Olympiad held in Tashkent, Uzbekistan between July 10 and 19, Gábor Magyarfalvi, assistant professor and team leader told MTI. This year, 364 high school students from 92 countries participated in the event. János Elek, a student of Radnóti Miklos Secondary School […]
Hungary’s standing timber volume increased by nearly 4 million cubic meters in 2025: According to information from the Forest Management Department of the Ministry for the Living Environment, the stock rose from 419,055,552 cubic meters to 423,012,239 cubic meters, as reported in the summary published on the fataj.hu website. Based on last year’s data, the […]
The Hungarian President of the Republic, Tamás Sulyok has signed the 17th amendment to Hungary’s fundamental law [that is, constitution], which stipulates that the incumbent president’s mandate will terminate the day after the amendment enters into force. In a video posted on his social media page, the head of state said that since the President […]
