The expansion of the Japanese automotive industry supplier firm Hi-Lex further increases Hungary's automotive influence on the global market. Hi-Lex, a Japanese manufacturer of automotive parts, has over 80 years of experience. At its facility in Rétság, the company produces door modules, window regulators, and brake and gearshift cables, while continuously enhancing its competitiveness through […]
At the Bocuse d’Or Europe European qualification contest in the southern French city of Marseille, the Hungarian team finished in 9th place, thereby qualifying for the world finals to be held in Lyon, France in January 2027. The team was led by Chef Roland Kelemen, supported by commis Zoltán Vincze, coach Bence Dalnoki as well […]
The board of the Hungarian telecommunications company Magyar Telekom will propose to shareholders payment of a HUF 154-per-share dividend at an annual general meeting on April 8, the company said on the Budapest Stock Exchange (BSE) late on Tuesday. Magyar Telekom said its board proposes payment of a HUF 136.4 billion dividend fund on 2025 […]
Hungarian-owned Metal Kingdom Ltd. is establishing its new high-capacity site in Napkor to adapt even more efficiently to growing market demand, the Hungarian Investment Promotion Agency (HIPA) reports. Operating in Napkor, NE Hungary, the company is present on the market not only through steel structure manufacturing, but also with complex industrial solutions. Its activities range […]
MBH Bank will be included in the Budapest Stock Exchange's main BUX index from April 1, the lender sent a press release to MTI on Tuesday. According to the announcement, inclusion in the BUX index marks another milestone in strengthening the bank’s presence in the capital markets and serves as confirmation of the company’s stock […]
In the fourth quarter of 2025, 87.7% of payment accounts held by natural persons were accessible online. Compared to the previous quarter, the number of ATMs operating in the country increased by 185. Compared to the same period a year earlier, the number of individual credit transfers initiated using mobile banking applications was up by […]
Pécs Brewery, in the southwest of Hungary, has developed a family of non-alcoholic isotonic beverages in a more than HUF 800 million project, the company told MTI. Pécs Brewery was awarded close to HUF 400 million in support for the project from the National R+D+I Office. In their announcement, they stated that they had developed […]
SeaCon Europe is investing HUF 244 million in a project to develop a digital product passport platform that would track the production and processing processes of food products. The project has received HUF 149 million of European Union and government funding, and will help producers gather scattered information to reduce losses and help find the […]
Hungary's national flag was raised with military honors on the Lajos Kossuth Square in front of Parliament this Sunday morning, on the national holiday marking the 1848-49 revolution and freedom fight. The day also saw major political rallies. The flag was raised and the national anthem performed in the presence of President Tamás Sulyok. March […]
The Budapest Stock Exchange (BSE) stock index, the BUX, ended the week at 121,754.84 points, down 0.11% from last Friday’s close. Total trading volume fell from HUF 219.938 billion to HUF 159.641 billion on a weekly basis, with leading stocks posting mixed results. The BUX fluctuated sharply. In its weekly summary sent to MTI, Equilor […]
Hungarian-owned Nivó Group, a manufacturer of security entrance doors, is building a burglar-proof door factory in Pécel, on the outskirts of Budapest, according to a statement by the Ministry of Foreign Affairs and Trade. With the investment, the project will enable domestic production to replace approximately half of the door imports previously directed to Hungary. […]
Alverad Technology Focus Ltd.’s AI-powered cybersecurity auditing and consulting platform could strengthen digital resilience, the company told MTI. Under the Széchenyi Plan Plus program, the company received a non-repayable grant of HUF 209.53 million to create the system through a call for proposals supporting the market entry of digital economy players, citing growing cyber threats […]
Output of Hungary's industrial sector fell 2.5% year-on-year in January, a detailed reading of data released by the Central Statistical Office (KSH) shows. Compared to the previous month, output was up 1.5% Output edged 0.3% higher when adjusted for the number of workdays. The detailed data show output of the automotive industry, Hungary's biggest manufacturing […]
Hungarian navigation software leader NNG announces a state-backed next-generation AI navigation program, reinforcing Budapest's position as a center for automotive software innovation. Twenty years ago, NNG was founded in Budapest in 2004 as an independent navigation software start up with a single product. Today, it's technology runs in 11 of the world's 14 largest automotive […]
The National Bank of Hungary (MNB) says it remains committed to actively participating in international cooperation initiatives that support the European integration of institutions in the Western Balkans in the long term. An MNB statement says the third phase of the European Union (EU) -funded technical assistance program, entitled 'Strengthening the Central Bank Capacities in […]
