The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion recommending the approval of Hungarian pharmaceutical company Gedeon Richter's drug FYLREVY as hormone replacement therapy for estrogen deficiency symptoms, Richter said on Friday. The European Commission will review the CHMP recommendation for a final decision […]
Hungarian-owned EL-Q Invest Ltd. has invested EUR 6.8 million to build a new nitrogen production plant at its Pécs site. This ensures a reliable and continuous nitrogen supply for companies in Baranya, lowering the risk of disruptions. During the production process – especially in the manufacturing of electronic components and chips – a clean, contaminant-free […]
According to a survey by GKI Economic Research Co., conducted with EU support, consumer outlooks in January remained unchanged compared with December, while those of companies deteriorated slightly. The summary indicator of expectations, the GKI Business Climate Index, fell by almost three points. Firms’ willingness to hire remained unchanged, and their overall expectations for the […]
Last year, nearly 2.4 million people traveled on the ships and ferries of Balaton Shipping Co. (BAHART), which is one of the best performances in the last 30 years and exceeds the 2024 traffic data by 53,000, the company told MTI on Friday. According to their information, the number of passengers choosing passenger ships on […]
Hungary’s opposition politics are entering a decisive new phase and Péter Magyar, the fast-rising leader of the Tisza Party, is making it clear he wants this year’s parliamentary election to become a straight fight against Prime Minister Viktor Orbán. In a pointed appeal to rival anti-government forces, Péter Magyar urged smaller opposition parties to step […]
Hungarian-owned nutritional supplements manufacturer BioTechUSA has completed a series of investments to strengthen its production base in Hungary. BioTechUSA has expanded its factory in Szada, near Budapest, through a greenfield investment that has created 18,000 square meters of new production and storage capacity. The new production line produces multilayer protein bars using robotic technology. This […]
The value of financial fraud in Hungary is on the decline, but still high, at around HUF 5 billion per quarter, Lajos Bartha, a managing director at the National Bank of Hungary (NBH) said at a conference in Budapest, MTI reports. The managing director told the Financial Fraud Summit 2026 that the value of fraudulent […]
Hungary had a EUR 333 million trade surplus in December, data released by the Central Statistics Office (KSH) on Thursday show. Exports rose 6.0% year-on-year to EUR 10.809 billion. Imports climbed 6.5% to EUR 10.475 billion. Trade with other European Union member states accounted for 72% of Hungary's exports and 70% of its imports during […]
Machinery maker Körber Hungária is undertaking a major investment program at its base in Pécs (S Hungary), the Hungarian Investment Promotion Agency (HIPA) reports. The business service center, which has so far provided IT, engineering, financial and management support to multiple business units of the German-owned subsidiary, is being expanded by the company. Alongside the […]
Kontron Electronics Ltd., the Hungarian subsidiary of the Kontron Group, a world leader in communication between machines operating in industrial environments, is implementing a capacity expansion investment in the southern Hungarian city of Pécs. Kontron Electronics Ltd. has been present in Hungary since 1991. In addition to its manufacturing activities, the company provides an integrated […]
Sales of new Toyota vehicles in Hungary reached 16,635 in 2025, giving the car maker 10.9% market share, importer Toyota Central Europe country director Richárd László said at a press conference on Tuesday. Turnover slipped 8.2% as delivery problems hit sales of top-selling models, Laszlo said. He added that 18,000 vehicles, and a market share […]
64% of Hungarian companies leading the way in sustainable transition already use some form of circular model in their business activities, but complex solutions are not yet common, according to the latest survey by the Business Council for Sustainable Development in Hungary (BCSDH). The research, conducted with the professional support of KPMG, says that circular […]
The documentary 'Queen of Chess', chronicling the life of Hungary's Judit Polgár, the greatest female chess player of all time, premiered at the Sundance Film Festival this Tuesday. Directed by Oscar-nominated filmmaker Rory Kennedy, the film explores Judit Polgár's extraordinary journey. "Two years ago, Rory Kennedy approached me about making this documentary," the former chess […]
The number of guests at commercial and private tourist accommodations in Hungary rose 11.8% to 1,423,000 in December from the same month a year earlier, while the number of guest nights climbed 9.2% to 3,249,000, data released by the Central Statistics Office (KSH) on Wednesday show. The number of domestic guests rose 10.1% to 604,000 […]
On International Holocaust Remembrance Day, "in the first place, we commemorate a Hungarian national tragedy, of which we were a part both with several hundred thousand innocent victims and having participated on the side of the perpetrators" the head of the Prime Minister's Office, Gergely Gulyás was quoted by MTI as saying at a commemoration […]
