Hungarian oil and gas company MOL announced on Wednesday its entry into Libya in partnership with Spain's Repsol and Turkey's TPAO. After winning a joint bid for the O7 offshore block, MOL will enter the exploration project with a 20% stake. Repsol will hold 40% and operate the project, and TPAO will have a 40% […]
Fumito Sakai will assume the role of Managing Director of Magyar Suzuki Corporation effective March 1, 2026. He succeeds Masato Atsumi, who led the Esztergom-based automotive manufacturer for nearly five years and will now continue his career in Japan, Magyar Suzuki says in a statement issued this Wednesday. Fumito Sakai joined the Suzuki Group in […]
Italian-owned Meth Electric Transformers will invest HUF 5 billion into expanding capacity at its base in Nagykanizsa (SW Hungary), creating 140 jobs, MTI reports. The government supports the investment with a HUF 290 million grant, Minister of Foreign Affairs and Trade Péter Szijjártó said on Tuesday. Meth will build an 8,000sqm plant, purchase new production […]
Britannica International School, Budapest has announced the successful conclusion of the Orbital Model United Nations (MUN) Conference 2026, held on February 2–3, 2026 in the Hungarian capital. The two-day event brought together ambitious young delegates from five distinguished Orbital Education schools, united by a shared commitment to dialogue, cooperation, and global responsibility. The announcement says […]
Home prices in Hungary rose 17.5% year-on-year in January, listings site ingatlan.com said on Tuesday. In Budapest, home prices were 20.4% higher. In a month-on-month comparison, home prices were up 1.7% nationwide and increased 2.9% in Budapest. Prices in Budapest's District XIII, with the most listings, averaged HUF 1.62 million/sqm. The median price in the […]
CRU Hungary has won HUF 557 million in European Union and state grant money to support the development of a multimodal diagnostic platform in Encs, NE Hungary, the clinical research company told MTI. According to the announcement, the development is based on the coordinated processing of blood-based biomarker analyses and digital health data collected using […]
The Indian Film Festival in Budapest is being held for the tenth time, organized by the Indian Embassy. Between February 27 and March 1, seven films with Hungarian subtitles can be viewed free of charge at the Puskin Cinema in the Hungarian capital. The festival brings Indian cinema culture, the energy of Bollywood, its visual […]
The foundation stone has been laid for the sterilization plant at the syringe manufacturing base of the medical products manufacturer Becton Dickinson in Környe (NW Hungary). The EUR 42.2 million project is expected to create 25 high value-added jobs. Becton Dickinson (BD), specializing in the production of medical devices, announced this investment in December 2025. […]
Hungary's cash flow-based general government balance showed a HUF 32.3 billion surplus at the end of January, the Ministry for National Economy said in a preliminary release of data on Monday. The central budget finished the month with a HUF 98.6 billion deficit, but the social security funds had a HUF 91.7 billion surplus and […]
Renowned Hungarian movie director Ildikó Enyedi's latest film, Silent Friend, won the prize for best film at the 45th Hungarian Film Week, as well as the awards for best cinematography and editing, the organisers said late on Sunday, the last day of the festival. Cinematographer János Kende received the lifetime achievement award, and producer Mónika […]
The Budapest Stock Exchange (BÉT) share index rose amid growing turnover this week, with the BUX closing at 130,030.34 points on Friday, 0.93% higher than a week earlier. Weekly turnover was HUF 152.9 billion, following HUF 139.9 billion the previous week, with the BUX closing at historic highs on Tuesday and Wednesday, while leading stocks […]
Five Hungarian furniture makers are showing at the Ambiente international consumer goods fair in Frankfurt on February 6-10, Creative Hungary has announced. The showcase of Econor Design, KARA + CO, Loomiosa, Rotte Group and YOZA is organized Creative Hungary (formely called Hungarian Fashion and Design Agency). According to the announcement, the collective presence under the […]
Based on data by the Central Statistical Office (KSH), the GKI economic research institute examined the structure of Hungarian health care expenditures, which provides an important picture of the extent to which the system relies on public resources, and of the role played by household financing and voluntary health insurance financing within the system. For […]
The Ferenc Liszt Academy of Music in Budapest awarded world-renowned Hungarian composer György Kurtág an honorary doctorate on the occasion of his 100th birthday. The artist, who is a former student and teacher at the Academy of Music, received his honorary doctorate from the university's management on Friday. György Kurtág is twice winner of the […]
Dreher Breweries Plc. held a ceremony to mark a key milestone in the first phase of its decade-long, EUR 240 million development program. The event also saw the signing of a Strategic Cooperation Agreement with the Hungarian government. As a result, Dreher Breweries Plc. became the government’s 103rd strategic partner. The company continues to operate […]
