The Hungarian government is launching two tenders on Monday, with a combined allocation of HUF 29 billion, to support businesses' geothermal energy investments, the Energy Ministry said in a statement on Monday. The government is providing HUF 19 billion of interest-free credit for investments in geothermal heat and electricity generation. Loan amounts are between HUF […]
Gabért Takarmány Ltd. is launching a new feed mixing plant project, giving fresh momentum to feed production in Pápa. The development will focus on the production of specialised turkey and broiler feed, creating 30 new jobs in the region. Gabért Takarmány Ltd. is a 100% Hungarian-owned company specialising in the production of feed for livestock. […]
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 51.3 points in February, rising from 50.0 in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday. The PMI was below the 50-point threshold, signalling a contraction in the manufacturing sector. Among the PMI sub-indices, the new orders index climbed […]
Hungarian exports fell 4.5% year-on-year to EUR 11.468 billion in January but there was a slight EUR 12 million trade surplus with imports climbing 2.0% to EUR 11.456 billion, data released by the Central Statistical Office (KSH) on Monday show. Trade with other European Union member states accounted for 76% of Hungary's exports and 70% […]
After-tax profit of Shopper Park Plus, which owns a portfolio of retail properties in the region, rose by EUR 12.4 million to EUR 36.6 million in 2025, an earnings report shows. Properties in Slovakia, added to the portfolio in Q1, contributed EUR 13.6 million to earnings, the company said. Rental income came to EUR 33.0 […]
The Budapest Stock Exchange (BSE) share index, the BUX, rose 0.64% compared to the previous Friday's close, ending the week at 126,534.75 points. Total turnover increased from HUF 106.46 billion to HUF 135.24 billion, with leading shares performing mixed. In its weekly summary, Equilor Investment Ltd. highlighted the 25 basis point cut in the base […]
The 16th Francophone Film Days in Budapest will be held from March 4 to 14 with a number of accompanying programs; Nadia Melliti, who won the Best Actress award at last year's Cannes Film Festival, and the program's patron, Hungarian film director Ildikó Enyedi, will also participate in the event. Organized by the French Institute, […]
Húsüzem ['Meat plant'] Ltd., a meat processing company based in Zalaegerszeg (SW Hungary), and Széchenyi István University in Győr (NW Hungary) have partnered to develop a product line with health benefits by transforming meat industry by-products through biotechnology in Zalaegerszeg. The project was supported by Hungarian taxpayers with a HUF 407 million grant from the […]
Listed building materials maker Masterplast had net profit of EUR 2.2 million in the fourth quarter of 2025 compared to losses of EUR 8.9 billion a year earlier, the company said on Thursday. Revenue jumped 83% year-on-year to EUR 60.9 million during the period. EBITDA excluding one-off items came to EUR 6.4 million. Masterplast said […]
In his welcome speech at the gala, held at the Museum of Fine Arts, Government Commissioner and CEO of the HIPA Hungarian Investment Promotion Agency, István Joó was of the view that Hungary remains one of Europe’s safest and most investor-friendly countries. Despite a challenging global economic environment, 2025 marked a record year in several […]
This Thursday evening, Magical Hungary (VM) held its 16th grand nature photography award gala and exhibition opening. For the second time, the prestigious event was hosted by the Biodome of the Budapest Zoo and Botanical Garden, which provided a fitting venue with its unique atmosphere for the closing of the 2025 competition season. According to […]
The European Bank for Reconstruction and Development (EBRD) forecasts Hungary's GDP will grow by 2.0% in 2026 and 2.5% in 2027 in its latest Regional Economic Prospects report released on Thursday. EBRD left its growth forecast for 2026 unchanged from its previous report published in September. The Bank noted that industrial activity in 2025 remained […]
The number of guests at commercial and private tourism accommodations in Hungary rose 5.3% to 1,067,000 in January from the same month a year earlier, while the number of guest nights climbed 3.6% to 2,351,000, data released by the Central Statistical Office (KSH) show. The number of domestic guests rose 4.6% to 494,000 and the […]
Metrinox has inaugurated a manufacturing plant in Szerencs (NE Hungary) which will produce smart gas and electricity meters in the future. Metrinox CEO Zoltán Jászberényi stated in his address that the plant currently employs ten people, but they aim to increase this number to 50 by the end of the year. He emphasized that, in […]
Around 43 GW of enhanced geothermal capacity in the European Union could be developed at costs below EUR 100/MWh today, comparable to coal and gas electricity. The largest potential is concentrated in Hungary, followed by Poland, Germany and France, according to a new study by the global energy think tank EMBER that accelerates the clean […]
