Amid declining trading volume, the Budapest Stock Exchange (BSE) stock index, the BUX, closed at 142,048.59 points on Thursday during the four-day trading week, down 3,422.53 points, or 2.35%, from the previous week. Weekly trading volume totaled HUF 104.67 billion, down from HUF 146.78 billion the previous week, with leading stocks – with the exception […]
HUF 25 billion will be allocated to the development of business exports, Minister of Economy and Energy István Kapitány wrote in a social media post on Sunday. According to the minister, Hungarian expertise is export-ready, and it is time for Hungarian companies to be as well. Hungary is an open economy, and its growth depends […]
48% of Hungarians use artificial intelligence (AI) at least occasionally for financial or insurance matters, but 64% of them still turn to people when making important decisions, according to an international representative survey conducted by Ipsos on behalf of the financial advisory firm OVB. A press release by OVB points out that the survey – […]
At Hungarian real estate broker Duna House’s (DH) office in Spain, 15% more Hungarian clients expressed interest in Spanish real estate this year than a year ago; Hungarians are typically looking for smaller apartments, the real estate agency has disclosed. According to the data, more than 60% of the Spanish apartments purchased by Hungarians are […]
A ceremonial session was held in the National Assembly, attended by Hungarian public officials, European Union leaders, and heads of state and representatives from several countries, to mark the 70th anniversary of the revolution of October 23, 1956. At the session, Ursula von der Leyen, President of the European Commission, greeted the attendees in Hungarian, […]
The Hungarian capital's Ferenc Liszt International Airport had its strongest summer on record as summer passenger numbers exceeded 6.2 million, climbing 13.7% from the base period, airport operator Budapest Airport announced. In September, not even the start of the school year could slow down the soaring passenger traffic, the start of fall brought 1,955,581 passengers, […]
The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate on hold at 5.50% at a monthly policy meeting this week. According to an analyst, the central bank continues to pursue a cautious, data-driven monetary policy, which is currently resulting in a wait-and-see approach. In a statement […]
Business sentiment edged higher but consumer confidence deteriorated in Hungary in October, a monthly gauge by economic research institute GKI shows. GKI's business confidence index rose to -7.4 points in October from -8.3 in the previous month. Sentiment improved in the industrial and service sectors, but worsened in the construction and commerce sectors. The survey […]
The number of new passenger car registrations in Hungary rose 13.0% year-on-year to 108,422 in January-September, data compiled by the European Automobile Manufacturers' Association (ACEA) show. Sales of battery electric vehicles surged 30.1% to 10,443 during the period. Sales of plug-in hybrids rose by 111.8% to 9,834, while sales of hybrids increased by 12.7% to […]
The jobless rate in Hungary for people between the ages of 15 and 74 stood at 4.6% in September, edging down from 4.7% in the previous month, data released by the Central Statistical Office (KSH) on Thursday show. In absolute terms, there were 224,500 unemployed. The number of employed reached 4,661,400. The three-month rolling average […]
The Mamaison Hotel Chain Bridge Budapest, a four-star superior hotel, which opened on July 1, 2025, was recognized in three categories demonstrating the success of its unique all-suite hotel concept, distinctive design and premium guest experience. Mamaison Hotel Chain Bridge Budapest that offers exclusively suites has won World Luxury Hotel Awards in three categories: Luxury […]
The electricity company E.ON has commissioned a new transformer substation and significant related grid upgrades in Szombathely, W Hungary as part of the Danube InGrid program. The HUF 7.5 billion investment strengthens the electricity supply to the city and its surrounding region with new grid capacity, helps meet growing residential and industrial energy demands, and […]
Take-up on the Budapest office property market reached 92,380 sqm in the third quarter, down 9% from the same period a year earlier, but up 9% from Q2, a report released by the Budapest Research Forum (BRF) shows. New leases accounted for 32% of take-up, while renewals made up 49%. Expansions accounted for 10% of […]
Hungary's 4iG Public Limited Company has informed the participants of the capital market on the website of the Budapest Stock Exchange that its subsidiary, 4iG Informatikai Plc. signed this Tuesday a service contract with the Montenegrin Ministry of Public Works, with a total value of EUR 54.25 million, for the implementation of a digitalization and […]
The government assumed GDP growth of 2.4% drafting the 2027 budget, Prime Minister Péter Magyar said in an interview with public radio on Tuesday. Growth is set to accelerate from 1.7-1.8% in 2026, the PM told Kossuth Radio, a day after outlining measures contained in the 2027 budget draft for lawmakers in parliament. He added […]
