Gedeon Richter Plc. and Fuji Pharma Co., Ltd. have announced the expansion and further strengthening of their long-standing strategic collaboration. The two companies have been enjoying a strong partnership in Women’s Healthcare (WHC), according to a statement published on the website of the Budapest Stock Exchange. This collaboration is exemplified by Fuji’s development, launch and […]
Last year, approximately 1.17 million tons of crude oil were extracted from Hungarian fields, the highest figure in the 2000s. Approximately two billion cubic meters of natural gas were extracted, with production exceeding this level last seen in 2013, according to a joint statement by Hungary's Ministry of Energy (EM) and the Supervisory Authority for […]
Graphisoft Park, which owns and operates a business park in the north of Budapest, upgraded guidance for 2025 earnings in an announcement on the website odf the Budapest Stock Exchange. Graphisoft Park raised its forecast for pro forma profit by around EUR 1.7 million to EUR 20.5 million, highlighting a more than EUR 1 million […]
MVM Balance Plc., member of the MVM Group, is building a battery energy storage facility for the gas turbine power plant in Bakony, in the industrial area of Ajka, southwest of Budapest, the company told MTI on Monday. The unit will have a nominal output of 57 megawatts and a nominal capacity of 57 megawatt […]
The number of tourists in Hungary climbed over 20 million in 2025, a new record, the head of the Hungarian Tourism Agency, Zoltán Güller said at an industry gala on Sunday. He stated that the Central Statistics Office (KSH) recorded around 19.5 million tourists in 2025, but those figures didn't include the 600,000 passengers on […]
Swiss-owned MAM-Hungária Ltd., which makes bottles and pacifiers for infants, is undertaking a HUF 4.5 billion capacity expansion at its base in Vaskeresztes (W Hungary). Since 1990, the factory in Vaskeresztes has been producing baby pacifiers, bottles, cups and oral care products, significantly contributing to the region’s economic development. Products manufactured in Hungary reach more […]
Companies in Hungary are more cautious but still fundamentally optimistic about 2026: 44% of companies expect revenue growth, while just under 10% expect a decline, according to the Randstad HR trends survey 2026. The executive summary of the survey suggests labor costs remain the biggest business challenge, while increasing productivity and efficiency are also becoming […]
The Budapest Stock Exchange (BÉT) share index, BUX, rose 3.01% compared to last Friday, ending the week at a historic high of 128,831.58 points, MTI reports. Total turnover increased from HUF 124.899 billion to HUF 139.907 billion on a weekly basis, with leading shares strengthening. The BUX hit new highs on Monday, Tuesday, and Wednesday, […]
Low-budget air carrier Wizz Air remains committed to the Hungarian market in the long term and will continue to strive for stability, reliability and predictability in the future, the CEO of the airline, József Váradi emphasized at a background briefing in Budapest this week. He emphasized that Wizz Air is a Hungarian airline that started […]
Sales in Hungary of Swedish home furnishings giant IKEA rose 4.4% to HUF 144 billion in its business year ended August 31, IKEA Hungary said in a statement. According to the assessment, the key to the year's success was continuous price reductions. The company has provided customers with a total of 6.5 billion forints in […]
More than fifty accompanying programs will add color to this year's Budapest Central European Fashion Week, which will welcome audiences across the city between February 9 and 15 with exhibitions, showroom and studio visits, pop-up events, workshops, professional discussions, and community programs in addition to the fashion shows. The multi-day series of events aims to […]
MVM Paks Nuclear Power Plant Ltd. generated 16,097.9 gigawatt hours of electricity in 2025, which, despite four major repairs carried out during the year, is the second highest production result in the plant's history, the nuclear power plant told MTI on Friday. The announcement recalled that at the end of 2015, the nuclear power plant […]
Preliminary data show the number of births falling in Hungary by 4.9% last December compared with the same month of the previous year, while deaths declined by 7.8%, the Central Statistical Office (KSH) said on Friday. Altogether, 6,020 children were born in December 2025 and 10,811 people died, while the natural decrease in the population […]
Hungarian-owned AgroSprint, a supplier of frozen fruit and vegetables, will invest HUF 9 billion at two locations, Nyírlugos (NE Hungary) and Karcag (E Hungary), expanding capacity, MTI reports. AgroSprint will set up a product development base in Nyírlugos and a new packaging plant in Karcag. The company exports 60% of its output and buys produce […]
MOL Group has entered into a new strategic partnership with Libya’s National Oil Corporation (NOC). The Memorandum of Understanding sets the foundation for cooperation in hydrocarbons exploration, technological innovation and crude trading. The memorandum of understanding was signed in Budapest by MOL Group Chairman and CEO Zsolt Hernádi and Masoud Suleman, Chairman of the National […]
