The jobless rate in Hungary for people between the ages of 15 and 74 stood at 4.8% in February, according to data released by the Central Statistical Office (KSH) on Friday. In absolute terms, there were 231,000 unemployed. The number of employed reached 4,616,000. For the period December-February, the average number of employed reached 4,623,000, […]
As a result of the war in the Middle East and the resulting surge in energy prices, the National Bank of Hungary (MNB) has significantly revised downward its outlook for the Hungarian economy. According to the latest forecasts, GDP growth will be much lower than previously expected, while inflation will accelerate noticeably. MNB projects that […]
As part of the EUR 23.1 million investment by the MAB Group — one of Hungary’s largest privately owned mining and construction materials companies — a rock wool insulation manufacturing plant will be built with a maximum production capacity of up to 50,000 tons. The project in Heves County by MAB Insulations Ltd., part of […]
ORIGO Film Studios in Budapest has reached a defining milestone in its sustainability roadmap with the official handover of its state-of-the-art solar energy park. The company says this multi-megawatt installation represents a significant leap toward their net-zero emissions goal, reinforcing Budapest’s position as a premier, eco-conscious hub for global blockbuster productions. By integrating cutting-edge photovoltaic […]
Diplomatic relations between the United Kingdom and Hungary date back to more than a century with evolving economic and commercial partnerships. Over this time, the International Trade & Investment Section of the British Embassy in Budapest has become a central pillar of this partnership, supporting British companies to export to and invest in Hungary and […]
The number of guests at commercial and private tourism accommodations in Hungary rose by 4.6% to 1,068,000 in February from the same month a year earlier, while the number of guest nights climbed 5.2% to 2,438,000, data released by the Central Statistical Office (KSH) on Thursday show. The number of domestic guests rose by 4.9% […]
Thanks to the new technology applied at the Székesfehérvár plant of the American company Howmet, which provides advanced engineering solutions globally for the aerospace and transportation industries, production capacity will increase by 50%. The company's EUR 44.9 million investment inaugurated this week promises the creation of 80 new jobs in the region, according to a […]
The Hungarian capital has been selected among the Special Mentions of the Lee Kuan Yew World City Prize 2026, one of the world's most prestigious urban development awards, Budapest Mayor Gergely Karácsony’s announcement is quoted by MTI. In addition to London as the laureate, Antwerp, Budapest, Guangzhou, Taipei and Tianjin have been selected as Special […]
Audio electronics specialist Harman International is set to start a series of investments in Hungary, according to a report by the Hungarian Investment Promotion Agency (HIPA). The global leader in premium automotive audio and infotainment systems is launching three projects with the support of HIPA. With a total value of EUR 131.18 million, the investment […]
The TILIA office building in Szeged, developed by the KÉSZ Group, won the Office Building of the Year award at one of Hungary’s most prestigious real estate competitions, ‘Office of the Year’ where the jury evaluated not only the preservation of historical values but also sustainable operations and the creation of a people-centered work environment. […]
“First of all, I'm really pleased to be here. It's the job I wanted, so I'm delighted and I feel very lucky to have the opportunity to spend four or five years in Hungary, in Budapest, and really get to know the country as much as possible,” Ambassador McKenzie Smith tells Diplomacy&Trade. The Ambassador adds […]
Turnover in the Hungarian media and communications market grew by 6.2% last year to reach HUF 758.7 billion, but in real terms it still lags 4.5% behind the 2019 level, Péter Novák, president of the Hungarian Advertising Association (MRSZ), said at the sector’s annual review conference in Budapest. The sector grew despite the country’s near-stagnant […]
Pál Simák will be replaced by Luigi Fuzio as chairman and CEO of CIB Bank once the necessary regulatory approvals have been obtained, the bank announced to MTI on Tuesday. Pál Simák has been appointed to a new international role at the group’s Milan headquarters, where he will lead the so-called Next Gen Acquisition Machine […]
MVM Zöld Generáció [Green Generation], a unit of state-owned energy company MVM Group, will build a hybrid geothermal power plant, the first in Hungary, near Zsana (S Hungary), Energy Minister Csaba Lantos announced on site on Tuesday. The company will drill to a depth of 2,400-2,500 meters to tap a 140-150-degree Celsius thermal water source, […]
The number of new passenger car registrations in Hungary in January-February fell 3.5% from the same period a year earlier to 19,016, data compiled by the European Automobile Manufacturers' Association (ACEA) show. Hybrid electric and plug-in hybrid vehicles accounted for 61% of sales, cars with petrol engines made up 21% and vehicles with diesel engines […]
