Government officials detailed the impact of measures by the former government widening the 2026 budget gap at a press conference on Wednesday. Finance Minister András Kármán put the "legacy" deficit at 8.3% of GDP, well over the former government's 3.7% target. A table released by the government shows campaign measures added the equivalent of 1.3% […]
African drum rhythms, French chansons, Moroccan world music, street performances, and culinary delights await visitors on July 11 at the French Institute’s traditional Utcabál [‘Street Party’]. Organized to celebrate France’s National Day, this free event will once again transform the Danube embankment into an all-night cultural festival, the Institute says in a statement. For years, […]
Net revenue of the ornamental horticulture industry in Hungary reached HUF 20.8 billion in 2025, a report by the Institute of Agricultural Economics (AKI) shows. Nursery production accounted for HUF 13.0 billion of the total and potted plants, plants for planting and bulbs for HUF 6.1 billion. Cut flowers and foliage generated HUF 1.6 billion. […]
European Union ambassadors visited Pannonia Bio’s organic refinery in Dunaföldvár, central Hungary, as part of the opening program of the Irish EU Presidency. Ireland assumed the rotating presidency of the Council of the European Union on July 1. As part of one of the presidency’s first events in Hungary, nearly twenty EU ambassadors accredited to […]
Danubius Hotels is adding the Radisson Individuals brand to its hotel portfolio under a franchise agreement signed with the Radisson Hotel Group, the company said on Wednesday. The 126-room Hotel Erzsébet, recently fully renovated, will continue operating under the name Hotel Erzsébet City Center Budapest, a member of Radisson Individuals, from the end of the […]
Hungary's cash flow-based general government deficit reached HUF 3,382.2 billion at the end of June, 80.2% of the full-year target, the Finance Ministry said in a preliminary release of data on Wednesday. As MTI reports, the central budget deficit reached HUF 3,271.4 billion and the social security funds were HUF 214.6 billion in the red, […]
The interim chief executive of Media Services Support and Asset Management Fund (MTVA), András Horváth, arrived at the MTVA headquarters in Budapest on Tuesday morning together with his interim leadership appointees, the MTVA Press and Marketing Office said in a statement on Tuesday. Their task is to review the operations of the public media, ensure […]
A Hungarian consortium will lead SUSTAINCrop, a 36-month international project, studying development opportunities of a bio-based economy in Europe from June, the project's leaders told MTI. The new Horizon Europe project will develop tools to compare different crop production systems and assess the environmental and economic impact of renewable plant-based raw materials, including rapeseed, sugar […]
BMW Group Magyarország increased sales of its BMW models by 18.9% to 3,909 on the Hungarian market in the first half, retaining its leading position in the premium segment, the company told MTI. With sales growth exceeding the 13.3% average of the Hungarian market, BMW took sixth place on the entire market for new cars, […]
Hungary's annualised consumer price index fell to 1.7% to in June from 1.8% in the previous month, data released by the Central Statistical Office (KSH) on Tuesday, and reviewed by MTI, show. Food prices inched up 0.2%, but fell 2.4% excluding the price of eating out. Pork prices fell 10.9% and potato prices dropped 7.6%. […]
Hungary completed a EUR 3 billion issue of euro bonds on Monday, the Government Debt Management Agency (ÁKK) has said in a statement. As MTI reported Tuesday morning, ÁKK sold EUR 1.5 billion of a five-year bond and EUR 1.5 billion of a ten-year bond. The five-year bond had a yield of 3.62% and a […]
The financial and real estate broker DH Group delivered a record second quarter in 2026: despite the forint’s approximately 11% year-on-year appreciation against both the euro and the zloty, intermediated loan volumes grew so strongly that Group-level volumes exceeded HUF 400 billion for the first time in the Group’s history, with all three countries reaching […]
After parliamentary sessions on Monday and Tuesday and a cabinet meeting on Wednesday, the second half of the week will focus on Brussels and ECOFIN, finance minister András Kármán said on social media on Monday. The government will also take the final legal steps required by the European Union "to bring home the funds due […]
K+H’s large company growth index improved to 9 points in the second quarter from -3 points in Q1, Tibor Bodor, K+H’s corporate division said on Monday presenting the lender’s report. The macroeconomic subindex jumped 31 points in one quarter to a record high of 17 points. The corporate subindex increasing by 5 points to 6 […]
Retail sales in Hungary rose 3.8% year-on-year in May, data released by the Central Statistical Office (KSH) on Monday show. Retail sales rose 4.8% when adjusted for calendar year effects. Adjusted food sales increased 3.2%, non-food sales rose 7.4% and turnover at petrol stations climbed 8.4%. Online and mail-order sales volume, which accounted for 8.6% […]
