Former National Bank of Hungary (MNB) governor Péter Ákos Bod is of the view that the macroeconomic trajectory outlined by the Hungarian government is achievable with a normal market economy. Addressing an annual conference of economists in Eger (NE Hungary), Péter Ákos Bod highlighted the nationalization of voluntary pension savings in 2011 in explaining why […]
Kaboom Technologies, headquartered in Budapest, has begun operations and will bring together the solutions of more than 30 international defense technology companies, the company announced. According to their plans, they will combine American, European, and Israeli technological expertise with Hungarian engineering, manufacturing, and business capabilities, and will enter the Hungarian and European markets through joint […]
Nestlé Hungária announced on Friday that it has reached an agreement with Vimpex Group which will take over Nestlé’s factory in Diósgyőr, a part of the city of Miskolc (NE Hungary). The Swiss-based multinational announced this summer that it would close its Miskolc facility at the end of the year. In a statement, Nestlé informed […]
Hungarian owners of diesel vehicles with a maximum of 150 horsepower will receive a total of HUF 20,000 in compensation by December, Prime Minister Péter Magyar said in a post on social media on Friday. The prime minister stated that direct and effective support would be provided to the owners of nearly 1m diesel vehicles […]
Italian-owned electronic manufacturing services company DTI Hungary plans to expand production at its base in Zalaegerszeg (W Hungary) and raise headcount, the city's mayor said after a walkthrough and talks with management. DTI Hungary will enhance its cooperation with the ZalaZONE vehicle testing grounds, the city's industrial park and local educational institutions, he said. The […]
Energy costs account for 4–10% of the total operating costs of domestic small and medium-sized enterprises (SMEs), while Hungarian companies pay one of the three highest gas prices in Europe. Amid market uncertainties and rising prices, flexible consumption and energy storage may offer a solution, SME Sales Manager at E.ON Energy Solutions, Sándor Szalai explained […]
Erste Bank Hungary analysts put Hungary's GDP growth at 1.7% in 2026 and 2.2% in 2027, the lender said in a forecast on Thursday. The bank's analysts put a protracted conflict in the Middle East, tensions over tariffs, the impact of drought on the farm sector and a summer energy crisis among downside risks. On […]
Gas storage levels in Hungary are above 70%, which is higher than the EU average of 67%, the Ministry of Economy and Energy (GEM) said in a statement on Thursday. According to the ministry, the volume stored to date could cover the country’s supply for 88 winter days and meet households’ needs for 188 winter […]
Hungarian oil and gas company MOL will pay a HUF 317.58-per-share dividend on 2025 earnings starting September 25, the company said on Thursday. The record date for payment of the dividend will be September 16. The shares will trade with the dividend coupon for the last time on September 14. MOL shareholders had approved payment […]
The Budapest University of Technology and Economics (BME) signed a cooperation agreement on Wednesday with Gránit Bank extending to instruction, training and research and development. To the extent possible, BME supports the inclusion of topics proposed by Gránit Bank in thesis projects, student research (TDK) and doctoral research. The university’s Faculty of Electrical Engineering and […]
Budapest-based low-fare carrier Wizz Air will restart scheduled direct flights to Dubai, Abu Dhabi, Jeddah and Amman, the airline announced on Wednesday. It will restart the Budapest-Amman flight on September 22. The flights to Dubai, Abu Dhabi and Jeddah will restart during the last week of October. According to the announcement, Wizz Air is gradually […]
In the fourth quarter, 37% of Hungarian employers plan to expand their current workforce, while 13% anticipate a reduction; such a high level of positive sentiment among market participants has not been seen in the past five years, according to the results of Manpower Hungary’s labor market forecast released on Wednesday. ManpowerGroup conducted its quarterly […]
The most important message of World Lakes Day is that action must be taken today for the sake of tomorrow, Ágnes Forsthoffer, the speaker of parliament, told a conference held in Balatonfüred, in western Hungary, on Tuesday. Jessika Roswall, the European Commission’s commissioner for environment, water resilience and a competitive circular economy, also attended the […]
The Hungarian government has expelled ten Russian diplomats from the country, Foreign Minister Anita Orbán said on social media on Tuesday. The ministry has informed the Russian ambassador to Hungary that according to Hungarian authorities, the diplomats' activities had been unacceptable under the Vienna Convention on Diplomatic Relations, the minister said. Hungary has therefore called […]
Hungary's annualized consumer price index inched up to 1.3% in August from 1.2% in the previous month, data released by the Central Statistical Office (KSH) on Tuesday show. Food prices dropped 1.4% and fell 4.8% excluding the price of eating out. Fresh fruit prices dropped 15.6%, pork prices fell 12.9%, fresh vegetable prices were down […]
