The Budapest Stock Exchange (BÉT) stock index, the BUX, fell amid declining trading volume during the short week; on Wednesday, the last trading day, the BUX closed at 148,659.81 points, down 1.26% or 1,892.89 points from the previous Friday. Over the three trading days, weekly trading volume totaled HUF 58.98 billion, down from HUF 95.04 […]
"The meeting was friendly, pragmatic and forward-looking – exactly the tone one would expect when two governments that share solid bilateral foundations begin a new chapter," Ambassador Giuseppe Scognamiglio tells Diplomacy & Trade, reflecting on the encounter in Rome between then Hungarian Prime Minister-elect Péter Magyar and Italian Premier Giorgia Meloni that followed Hungary's April […]
The government is allocating nearly HUF 500 billion to develop the electricity grid and install smart meters under the European Union’s Recovery and Resilience Facility (RRF), the Minister of Economy and Energy István Kapitány announced on social media this Saturday. The minister emphasized that the Hungarian Development Bank (MFB) has signed all five grant agreements […]
Hungarian transport and investment minister Dávid Vitézy, has announced plans to build a continuous network of cycle paths connecting the city of Győr in the northwest of the country with the capital. As part of this, a direct cycle path from Komárom via Esztergom to the Danube Bend is being developed now in the framework […]
Future cohesion policy should focus on retaining human capital, strengthening local innovation capabilities, and restoring territorial equity rather than on building physical infrastructure, notes Csaba Zalai, a professor at the National University of Public Service (NKE), in a study published by the central bank. Csaba Zalai analyzes the macroeconomic and regional consequences of demographic change […]
The anniversary of the founding of the Hungarian state serves as a reminder that a nation's future is built not only by leaders but by strong and enduring institutions, the President of the Republic András Baka said in his festive address late on Thursday. Speaking on public news channel M1 before the fireworks on the […]
The core priorities of the IT workforce remain unchanged, but professionals are paying increasingly close attention to how employers meet these expectations. This is highlighted in the Hungarian segment of the Randstad’s Employer Brand Research 2026 report on the IT sector. Hungarian IT professionals have clear expectations of employers: they are placing increasing emphasis on […]
US Secretary of State Marco Rubio praised the strong partnership between the United States and Hungary in a message marking Hungary's national holiday published on the State Department's website on Thursday. The Secretary of State noted that August 20 was a reminder "of the historic ties between our peoples." "The friendship between the United States […]
Hungary's national flag was raised in front of Parliament on Thursday morning in a military ceremony to mark the August 20 national holiday, attended by President András Baka, Prime Minister Péter Magyar and Speaker of Parliament Ágnes Forsthoffer. The flag was hoisted by a ceremonial unit of the Hungarian Armed Forces to the national anthem, […]
Hungary's state debt relative to GDP reached 75.1% at the end of the second quarter, preliminary data released by the National Bank of Hungary (MNB) show. The state debt ratio rose from 74.6% at the end of 2025. In absolute terms, Hungary's state debt stood at HUF 67,815 billion at the end of Q2, up […]
The National Tax and Customs Authority (NAV) has terminated its investigation on suspicion of money laundering into the Ukrainian cash transport case due to the absence of a crime, NAV said on Wednesday. According to their statement, investigation has been closed in the case in which the transport vehicle and its staff were seized by […]
This Wednesday, Dr. András Baka took office as the new Hungarian head of state elected by Parliament eight days ago. Dr. András Baka was born in 1952 in Budapest. He graduated from the Faculty of Law and Political Science at Eötvös Loránd University (ELTE) in 1978 and conducted research in constitutional law at the Hungarian […]
Mobile data traffic in Hungary increased an annual 25%, on average, from 2022 until 2025, a report by the National Media and Infocommunications Authority (NMHH) shows. Mobile data, excluding machine-to-machine (M2M) data, reached 525 petabytes (PB) in the fourth quarter of 2025, up from 233 PB in the first quarter of 2022, according to the […]
All four Hungarian competitors won medals at this year’s iGeo Geography Olympiad in Istanbul, Turkey, according to the University of Pécs (PTE), which prepared the Hungarian team. The announcement noted that 182 competitors from 48 countries tested their knowledge at the competition. From the Hungarian team, Máté Keresztesi-Kiss, a former student at the Fazekas Mihály […]
Vajda-Papír Ltd., a manufacturer of hygiene paper products, saw its revenue rise by more than 12 % to HUF 50.91 billion last year compared to the previous year, while its earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 7.2 % to HUF 3.01 billion, the company has announced. According to the report, the […]
