The General Assembly of the Business Council for Sustainable Development in Hungary (BCSDH) elected Péter Noszek, Managing Director of Nestlé Hungária Ltd., as a new member of its Board. After ten years of dedicated service, Zoltán Gazsi is stepping down from the BCSDH Board. The general assembly of the Hungarian Business Council for Sustainable Development […]
Net income of Magyar Telekom rose 32% to HUF 208.4 billion in 2025, the telecommunications company said in an annual report released on the website of the Budapest Stock Exchange. Revenue edged up 2% to HUF 983.9 billion. Direct costs were practically flat at HUF 377.5 billion and indirect costs fell 16% to HUF 188.6 […]
Green Energy Investhor is acquiring permits to build a 499 MW wind farm on the outskirts of Vadosfa (NW Hungary), the company told MTI on Wednesday. The planned investment will create a total of 499 megawatts (MW) of new installed capacity with 70 modern wind turbines (each with a unit capacity of 7-7.2 MW), which […]
Listed Hungarian automotive industry company Rába had after-tax profit of HUF 2.9 billion in 2025, climbing from a little over break-even in the base period, an earnings report released after the closing bell on Wednesday shows. Revenue fell 6% to HUF 54.2 billion, but the bottom line was lifted by the sale of two pieces […]
Hungarian-owned Biolab Diagnostic Laboratory Plc. is implementing a EUR 3.26 million capacity expansion project at its Pomáz site, the Hungarian Investment Promotion Agency (HIPA) reports. The company manufactures microbiological diagnostic products for the pharmaceutical and medical technology sectors and is the only company in Central Europe to provide laboratories with a complete range of equipment […]
The value of new leases in Hungary rose 7% to HUF 1,037 billion in 2025, the head of the Hungarian Leasing Association has said in a statement. The number of new contracts edged up 1% to 85,166. Vehicle leases accounted for HUF 607 billion of the total contract value. The value of farm machinery leases […]
The Al Habtoor Research Center (AHRC) has announced plans to establish its European office in Budapest in 2026, marking a significant milestone in its global expansion and reinforcing its evolution into a cross-regional policy institution contributing to international policy discourse across Europe and the Middle East, according to statement released this Wednesday. The Budapest office […]
Hungary's biggest feed company, UBM, had after-tax profit of HUF 1.7 billion in the first half of its business year started July 1, improving from a HUF 1.3 billion loss in the base period, an earnings report posted on the website of the Budapest Stock Exchange on Tuesday shows. Revenue climbed 14% to HUF 131.6 […]
Hungary's National Laboratory for Autonomous Systems (NLAS) announced on Tuesday the completion of a four-year research and development program supported by HUF 6.2 billion in European Union funding. The program to investigate the safe and sustainable operation of autonomous vehicles, robots and drones, produced 13 domestic patents and trademarks, four international patents and three spin-offs. […]
The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25bp to 6.25% at its policy meeting on Tuesday, MTI reports. The policy makers had not changed the key rate since September 2024. In a statement released after the meeting, the Council said that "favourable developments […]
Two exciting new additions to the Soproni range to make your time together even more varied! An unfiltered lager with a twist, complemented by the refreshing taste of citrus fruits, is hitting store shelves to show an even wider audience the extraordinary possibilities of the beer category thanks to its popular flavor. Under the name […]
Another Chinese brand is entering the Hungarian new car market: sales of Geely models are scheduled to start at dealerships in March-April, Hungarian importer Geely Hungary has announced. By the end of this year, 10-15 dealerships are expected to add the Geely brand to their portfolios, starting with two models, with two more models to […]
For the tenth time, the Indian Film Festival returns to Budapest, organized by the Embassy of India. From February 27 to March 1, the Metropolis Hall of Puskin Cinema will host a special selection of seven free screenings with Hungarian subtitles, bringing the energy, spectacular visuals, and rich storytelling traditions of Indian cinema closer to […]
Between 2025 and 2027, Mercedes-Benz presents nearly 40 new or fundamentally redesigned models to the public – from entry-level to top-of-the-range models, with both internal combustion and electric powertrains. This comprehensive product offensive is perfectly timed to coincide with the brand's 140th anniversary. In 2026, Mercedes-Benz Hungária will celebrate this important milestone with the wide-ranging […]
Hungarian Nobel Laurate Katalin Karikó has been selected Forbes magazine as one of the top 250 innovators who "best embody the creative spirit." She is on place 169 on the list prepared to mark the 250th anniversary of the founding of the United States. According to Forbes, those on the list "aren't just inventors; they're […]
