Hungary's annualized consumer price index fell to 1.8% to in May from 2.1% in the previous month, according to data released by the Central Statistical Office (KSH) on Tuesday. Food prices inched up 0.5%, but fell 2.1% excluding the price of eating out. Pork prices fell 10.1% and potato prices dropped 2.6%, but fresh fruit […]
For the first time this year, Városi ['City'] Platform is organizing a nationwide festival to mark World Art Nouveau Day, bringing together fully 74 events across Budapest, four regional cities, and Subotica in Serbia. The five-day series of events will run from Wednesday to Sunday. The festival, which offers a record number of programmes, aims […]
Hungary's government wants to participate in the shared effort to build up Europe's high-speed rail network, Hungarian Transportation and Investment Minister Dávid Vitézy said ahead of a meeting of his European Union peers in Luxembourg on Monday. In a social media post, quoted by MTI, the minister stated that Hungary also wanted to be a […]
István Szászi, head of the Bosch Group in Hungary and the Adria Region, received the 2025 Manager of the Year Award, while Sándor Csányi, chairman of OTP Bank, was honored with the 2025 Manager of the Year Lifetime Achievement Award, the National Association of Managers announced to MTI on Monday. The Managers’ Association held the […]
Hungary's cash flow-based general government balance showed a HUF 43.5 billion surplus in May, preliminary data released by the Finance Ministry, and reviewed by MTI, show. The surplus narrowed from a HUF 129.5 billion surplus in the same month a year earlier. The general government for the period January-May reached HUF 3,806.3 billion, 90.2% of […]
Logistics company STI Hungary has acquired a division of Hungary's Complex 3H that has developed a thermal system for maintaining temperatures of pharmaceutical shipments without an external power source for up to seven days, MTI reports. In a statement, STI Hungary managing director Péter Csipes said the technology could be used for shipments of biotechnology […]
Commissioned by the GKI economic research institute in the spring of 2026, an online survey involving 211 participants was conducted on the extent and effects of social media use in Hungary. Although the research cannot be considered representative of the entire Hungarian population, the results still clearly identify the most important domestic social trends related […]
The Budapest Stock Exchange closed out a volatile week, with the BUX index ending trading down 0.70% at the end of a period marked by geopolitical tensions. While Mol and Magyar Telekom managed to gain ground, OTP and Richter saw their share prices fall in a market with slightly declining trading volume, the financial website […]
Amnesty International Hungary has urged the government to introduce the EU's pay transparency rules, MTI reports. In a statement on Sunday, the organization noted that the 2023 European Union directive, aimed at eliminating the gender pay gap, requires member states to take steps to ensure pay transparency to address the disparity between men and women. […]
First-quarter revenue from premiums of Hungarian insurers inched up 0.5% year-on-year to HUF 572 billion, data released by the National Bank of Hungary (MNB), and reviewed by MTI, show. Revenue from premiums on life insurance policies decreased 8.5% to HUF 212 billion. Revenue from premiums on general insurance policies climbed 6.7% to HUF 360 billion. […]
The Boston Consulting Group (BCG), one of the world’s leading management consulting firms, has announced the appointment of Zsófia Beck, Managing Director and Partner at the Budapest office and also the head of the Energy Practice Area in Central and Eastern Europe, as the Global Lead of BCG’s Integrated Power Segment. According to a BCG […]
The launch of a regular flight between Budapest and Toronto is a sign that "transport relations between Hungary and North America have reached a new level," Parliamentary State Secretary at the Hungarian Ministry of Transport and Investment, Zsolt Tárkányi said in Budapest on Saturday, MTI reports. Speaking at a press conference after the arrival of […]
Fitch Ratings affirmed Hungary's 'BBB' long-term issuer default ratings with a negative outlook at a scheduled review, MTI reports. "Hungary's 'BBB' rating is supported by strong structural indicators, including GDP per capita well above the peer median. These strengths are balanced against high public debt, a record of unorthodox economic policies, vulnerability to energy prices, […]
The Hungarian Chamber of Engineers considers the government's plan to tighten battery manufacturing industry regulations to be professionally sound, the chamber told MTI. The chamber said the government’s decisions – setting out a national inspection plan, comprehensive inspection of priority facilities, development of a new regulatory concept, and renewal of the environmental liability system – […]
The statutory objectives of the National Bank of Hungary (MNB) include, directly and indirectly, the support of environmental sustainability, the central bank said in a statement on the occasion of World Environment Day. The effects of climate change can spread through various transmission channels into the economic and financial system, affect inflation, foreign exchange reserve […]
