Volume of market services expanded around 60% in the period between 2010 and 2026, outpacing the 20% growth of the other sectors of Hungary's economy, an analysis by economic research institute GKI shows. Within market services, the ICT sector expanded the most during the period (156%), followed by business services (127%), driven by digitalization and […]
Consumer prices in Hungary rose by 1.7% year-on-year in June 2026. Relative to the 1.8% observed in May, the annual growth rate of prices was down by 0.1 percentage point. Core inflation, and core inflation excluding indirect tax effects, remained unchanged at 2.0%, the National Bank of Hungary (MNB) states in its latest flash analysis […]
The first official US congressional delegation to visit Hungary since the April 12 elections held "open and candid" discussions with the new Hungarian government about its plans and Hungarian-US relations, Democratic Senator Jeanne Shaheen, the delegation's leader, said in Budapest on Thursday. The delegation, arriving from the NATO summit in Ankara, met Foreign Minister Anita […]
Hungarian lender MBH Bank has decided to issue another EUR 500 million in MREL-eligible bonds as part of its international bond program: Investor interest was high, with the offering nearly two and a half times oversubscribed; the bank ultimately decided to issue bonds with a total face value of EUR 500 million, the financial institution […]
Around 200 civil and professional organizations have drafted proposals for climate legislation, the lawyer in charge of the initiative, Gábor Baranyai said at a press conference on Thursday. He stated the proposals, drafted with the help of 40 experts, would be submitted to the government. Marcel Szabó, a member of the Constitutional Court, said the […]
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%. […]
