Hungary’s largest car importer, Porsche Hungária organized a children's day for the families of the National Association of Large Families (NOE) on Saturday at the Driving Camp driving track in Zsámbék. At the opening ceremony, László Bak, member of the NOE board, said that participants were invited to the event after pre-registration in order to […]

Zsófia Bánhegyi, Vice President for Corporate Relations of the Hungarian Marketing Association (MMSZ), has been named as the top European marketing professional of the year, MMSZ announced on Friday. The European Marketing Confederation (EMC), the member organizations of the European Marketing Confederation (EMC), including MMSZ, nominated national candidates for the Marketer of the Year competition […]

A controversial bill introduced by Hungary’s ruling Fidesz party, aimed at restricting foreign-funded media outlets and civil society organizations, has drawn sharp criticism from European lawmakers, press leaders, rights groups, and the judiciary. Hungary’s parliament began debating the draft legislation last week, which would allow the government to create a public list of organizations receiving […]

A new gas power plant is being built in Mátra as the Hungarian Energy and Public Utility Regulatory Authority (MEKH) has granted the installation permit for the planned combined cycle gas power plant unit in Visonta, the Ministry of Energy (EM) said in a post on its community page on Thursday. Once the last administrative […]

Long-term loans remain unpopular among executives of large corporates, driven by the hectic changes in the domestic and especially the international economic situation. A growing proportion of those who use loans to realize their investments are considering leasing structures, according to a representative survey by K&H, the findings of which were published in a statement […]

Zwack Unicum Plc. achieved gross sales of HUF 38.788 billion in the 2024/2025 financial year between April 1, 2024 and March 31, 2025, which is HUF 1.850 billion, 5% higher than in the previous financial year, while its annual result increased by 2.9% to HUF 2.9 billion, the company announced on the website of the […]

MOL Plc. has notified the market on the website of the Budapest Stock Exchange (BSE) that the MOL Group and the MVM Group have entered into an oil trading agreement aimed at further diversifying the region’s energy supply portfolio, with a particular focus on landlocked Hungary and Slovakia. Through this cooperation, MOL says it could […]

The volume of investments in the Hungarian economy was 12.1% lower according to raw data in the 1st quarter of 2025 compared to the same period of the previous year, the country's Central Statistical Office (KSH) reports. Compared with the previous quarter, based on seasonally adjusted data, the value of investments lessened by 3.4% at […]

From April 2025, the Ecser distribution center of global home furnishings retailer JYSK will become the seventh country to supply 91 stores in Austria, and from June, online orders will be processed in the neighboring country. More than 11,000 products are stored at the Ecser center (just south of Budapest), and the utilization of the […]

According to PwC's latest research, AI (artificial intelligence) could add one percentage point per year to the economy's growth rate over the next decade, comparable to the growth rate of the world's industrialization in the 19th century. Cross-sector transformations and leveraging the business value of AI are the focus of Value in Motion, which also […]

MBH Bank closed the first quarter with a stable high profitability: its total assets grew by almost 8.8% year-on-year to more than HUF 12,824 billion, the adjusted pre-tax profit of the banking group amounted to HUF 67.9 billion, and its adjusted return on equity reached 20.5%, the company told MTI on Wednesday. They added that […]

12 hotels across Hungary have joined the Munch food-saving platform: ten hotels in Budapest and two in the countryside are currently participating in the anti-waste initiative. The hotels in the capital have saved a total of 6,000 kg of food. According to a 2018 study, hotels produce 79,000 tons of food waste every year, accounting […]

Hungarian budget airline Wizz Air has announced in a press release the delivery of its first-ever Airbus A321XLR, marking a historic milestone for the airline as the world’s first Ultra Low-Cost Carrier (ULCC) to offer extended range intercontinental flying with the new aircraft. According to the statement, this cutting-edge aircraft, the latest evolution in Airbus’ […]

Salgótarján, northern Hungary, hosted this week the latest venue of the Pensioners' Academy organized by Provident Financial Ltd. in cooperation with Semmelweis University. This was the first event in a series of two-day programs aimed at providing seniors with useful information on healthy lifestyles and financial awareness. The second event will take place on May […]

PowerPak Ltd., a company engaged in the mixing and packaging of cosmetic, care and chemical household products, has built a new plant and warehouse in Göd, just north of Budapest, with HUF 5 billion, the company told MTI. According to the statement, the development will enable the company to serve the growing needs of its […]