Crude deliveries through the Druzhba ('Friendship') pipeline were received in Ukraine after repair work on the pipeline, Hungary's main source of delivery for its Russian crude oil, had been completed, Hungarian oil and gas company MOL said in an announcement posted on the website of the Budapest Stock Exchange on Wednesday. JSC Ukrtransnafta, which operates […]
The President of the Republic, Tamás Sulyok has convened the inaugural session of the new National Assembly for 10 a.m. on May 9, his office said on Tuesday. The President's office statement highlighted that in line with the constitution, the inaugural session has been convened by the President of the Republic within thirty days following […]
Hungary's commercial property market is past its cyclical low point, but weak economic growth is holding back a recovery and geopolitical uncertainty is weighing on outlooks, the National Bank of Hungary (MNB) said in a report on the market released on Tuesday. The report augurs an increase in the vacancy rates on the office and […]
HungaroMet, the national weather service, on Tuesday said it will establish Hungary’s first climate adaptation network to support the European Union's Mission on Adaptation to Climate Change. The network aims to foster broad cooperation by connecting sectoral and regional stakeholders, they said. The initiative, part of the EU-funded AdaptationHubs project, will align with similar networks […]
Over 70% of Hungarians have both fixed-line and mobile internet service, according to a survey conducted by the National Media and Infocommunications Authority (NMHH), MTI reports. The survey conducted in 2025 shows that 85% of Hungarian households have access to some form of internet service, while just 8% subscribe exclusively to mobile internet service. NMHH […]
According to the Hungarian Association of Digital Companies (IVSZ), Hungary’s future depends on the knowledge-based transition. In its statement, the organization announced that, as a professional partner, it supports decisions that can make the country one of the region’s leading technology hubs. The statement quotes IVSZ president Balázs Vinnai who said that failing to achieve […]
Although flight cancellations are already looming at the international level due to the European kerosene shortage, fuel supplies at Ferenc Liszt International Airport are currently stable. According the airport’s management company Budapest Airport, traffic is running smoothly for now. However, aviation experts warn that there is a real possibility of flight cancellations across the continent, […]
The European Commission's meetings with the incoming Hungarian government have been "constructive and positive in tone", and a useful starting point "for the work that now needs to happen, particularly to unblock funds for the benefit of the Hungarian people," EC Deputy Chief Spokesperson Olof Gill told a daily press conference in Brussels on Monday. […]
The European Bank for Reconstruction and Development (EBRD) is providing EUR 70 million of financing as part of a EUR 210 million package with commercial banks to special purpose vehicles owned by Renalfa IPP for the development of a 450 MW solar park with a 250 MW /1 GWh battery energy storage system in Szihalom, […]
The Budapest Stock Exchange (BSE) closed a strong week with significant, active trading following the parliamentary elections: the BUX index rose 4.46% to a new level, while all leading stocks gained ground and trading volume surged dramatically compared to the previous week. On Friday, the BUX closed at 138,813.03 points, up 4.46%, or 5,929.8 points […]
A high-level delegation from the European Commission met with senior representatives of the incoming Hungarian government and held technical meetings with them in Budapest on April 17-18, the European Union's executive body said on Sunday. "The meetings were an early opportunity for practical discussions on how to move forward and make real progress to unlock […]
Jeep, a niche brand within the Stellantis Group, sees growth potential in meeting specific quality demands and is poised to expand in the Hungarian new car market in 2025, brand director Tünde Krupp told MTI. The car brand, with a history spanning more than 80 years, is present only in the SUV (off-road and recreational […]
Analysis by GKI Economic Research suggests that while rating agencies monitored the Hungarian elections with intensified scrutiny, decisive judgment is improbable during the upcoming review cycle. Currently, Hungary’s sovereign debt is teetering near the lower boundary of the investment-grade category at all three major agencies — Fitch, Moody’s, and S&P — all of which maintain […]
With all votes cast in the April 12 general election counted, the Tisza Party will have 141 representatives in Hungary's 199-seat parliament, giving the party a comfortable two-thirds majority with 70.85%, data from the National Election Office released late Saturday show. The Fidesz-KDNP alliance will have 52 representatives (26.13%) and Our Homeland ('Mi Hazánk') six […]
Researchers at the University of Szeged (SZTE) are developing novel quantum-optical devices using metamaterials to revolutionise information transfer, the university's communications office said in a press release. The project, led by Dr Mária Csete, is part of an international collaboration. Current optical and laser technologies face key limitations such as light amplification, control, and detection […]
