Hungarian citizenship was sold to Canadians for tens of thousands of dollars with the knowledge and support of leading Hungarian politicians during the previous government, György László Velkey, state secretary at the foreign ministry, said on Facebook on Tuesday, outlining the findings of an investigation conducted by his office. Velkey announced last Friday that an […]
Hungary's tourism sector generated 10.2% of GDP, including multiplier effects, in 2025, a report by the Central Statistical Office (KSH), reviewed by MTI, shows. Presenting the report on Tuesday, Tamás Tóth, the office's deputy head, noted that the tourism sector was the biggest contributor to Hungary's surplus in trade of services and accounted for the […]
Hungary's MOL Group has notified the market on the website of the Budapest Stock Exchange that it has signed a production sharing agreement with its Joint Venture (JV) partners, Repsol and Türkiye Petrolleri A. O. (TPAO) for an offshore exploration area in the Mediterranean Sea, after being granted an exploration licence. The advancement of this […]
ContiTech Rubber International Ltd. has started recruiting more staff for its business service centre in Szeged (SE Hungary), the local unit of Germany's ContiTech said on Monday. ContiTech Rubber International Ltd. plans to hire 130 more white-collar workers at the BSC by the end of 2027, for positions in sales, business development, supply chain, engineering, […]
MVM Démász and MVM Émász, regional electricity distributors of state-owned energy group MVM, have completed HUF 55 billion of grid upgrades, the companies said on Monday. Half of the investment cost was covered by state funding and the European Union's Recovery and Resilience Facility (RRF). MVM Démász, the distributor for the south of the country, […]
Samsung SDI Hungary is implementing a comprehensive environmental action plan in Göd, north of Budapest, that focuses on noise control, air quality and strengthening local community engagement. According to the company’s announcement on Monday, it will hold quarterly community forums in the future and will publish real-time data from noise and air quality monitoring systems […]
Total assets of listed holding company Opus Global stood at HUF 1,017 billion at the end of the first quarter, practically level with end-2025, an earnings report published ahead of the opening bell on Monday shows. Opus said no substantial changes to the composition of its portfolio or its financial, operation or organizations structure had […]
Hungary's national interest will always be a priority, and the government will advance its interests within its system of alliance, Foreign Minister Anita Orbán said in an interview ahead of the European Union foreign ministers' meeting in Luxembourg on Monday, adding: "Hungary will once again behave like a European country." She emphasized that at the […]
The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 135,725.68 points, up 1.54%, or 2,053 points, from last Friday’s close. Total trading volume on the stock market fell to HUF 101.932 billion from HUF 121.467 billion the previous week, with leading stocks gaining ground, with the exception of Mol. Trading was […]
First-quarter sales of new farm machinery in Hungary rose 44% year-on-year to HUF 54.3 billion, a report by the Institute of Agricultural Economics (AKI) shows. Individual farms and agricultural cooperatives purchased new agricultural machinery and equipment worth HUF 54.3 billion during the first three months of this year, and spent HUF 24.5 billion on spare […]
The strengthening of ties between the two peoples will make Sino-Hungarian relations even more resilient. That is according to China’s ambassador to Hungary, Gong Tao, who is of the opinion that since the establishment of diplomatic relations 77 years ago, Sino-Hungarian relations have developed in a healthy and stable manner, regardless of changes in the […]
In a series of articles, GKI Economic Research Co., presents the short- and long-term economic challenges facing the new Hungarian government. This week, they examine the situation of Hungarian pensioners, with a European perspective. The researchers recall that in Hungary, the nominal average pension has increased by 131% since 2012, but this initially favorable figure […]
Output of the automotive industry, Hungary's biggest manufacturing sector, rose 8.0% year-on-year in April, a detailed reading of data released by the Central Statistics Office (KSH) on Friday shows. The automotive segment accounted for 27% of manufacturing output during the month. Output of the computer, electronics and optical equipment segment, which accounted for 13% of […]
Summer passenger numbers at the Hungarian capital’s Ferenc Liszt International are expected to climb over last year's 5.5 million, Francois Berisot, the CEO of the operator company Budapest Airport, told journalists on Friday. Forty-nine airlines are offering flights to 166 destinations from this airport this summer, Francois Berisot is quoted by MTI, highlighting new direct […]
Ganz Transformers and Electric Rotating Machines has wound up a close to HUF 5 billion development project at its base in Tápiószele (E Hungary), the company said on Friday. As MTI reports, Ganz Electric upgraded its production equipment and expanded its capacity to deliver bespoke engineering solutions, paving the way for a bigger order book. […]
