After his first tenure between 2012 and 2016 as Swiss ambassador to Budapest, Jean-François Paroz returned for a second term to Hungary and presented his credentials here in December 2020. Now, at the end of this second term, he tells Diplomacy&Trade that he is satisfied with the fulfillment of his mission. “Swiss-Hungarian relations are influenced […]
The National Bank of Hungary (MNB) is issueing collector coins named 'Therese Brunsvik', to commemorate the 250th anniversary of the birth of the founder of the first Hungarian kindergartens. The collector coins with a face value of HUF 20,000 and non-ferrous metal version with a face value of HUF 3,000 are available for purchase from […]
The Budapest Stock Exchange's share index, the BUX, closed the week at a new historic high of 101,380.77 points, up 9.53 points or 0.01%, privatbankar.hu quotes an Equilor report sent to MTI. Total turnover fell from HUF 65.374 billion to HUF 48.255 billion on a weekly basis, with leading stocks performing mixed. Equilor Investment Ltd.'s […]
On July 23 this year, the number of visitors exceeded 10 million, with the tourism sector already handling more visitors than Hungary's population, Visit Hungary told MTI on Friday. They reported that last year, this milestone was reached later, on July 29, according to data from the National Tourism Data Center (NTAK). All this clearly […]
The new production facility of J-STAR MOTION, a furniture component manufacturer, was officially inaugurated in Kaposvár. In addition to setting up a manufacturing center, the Chinese company specializing in intelligent motion and control solutions has also established a new logistics hub in the seat of Somogy County. The EUR 60 million greenfield investment, close to […]
Hungary’s business sentiment took a sharp hit in July, plunging to levels last seen during the pandemic, in a further indication that the country’s economy may be teetering on the edge of another recession. Hungary’s business sentiment took a sharp hit in July, plunging to levels last seen during the pandemic, in a further indication […]
In June 2025, the average number of employed persons aged 15–74 was 4,679,000 in Hungary. The number of unemployed persons was 212,000 and the unemployment rate was 4.3%, according to the country's Central Statistical Office (KSH). In the period April–June 2025, the average number of employed persons aged 15–74 was 4,661,000, 49,000 fewer than a […]
ALTEO-Therm Ltd. has successfully completed a HUF 434 million investment project to replace the former 3.2 MW Wärtsilä 220 SG gas engine at its Tiszaújváros site with a modern, refurbished Jenbacher J620 model. As part of the project, not only was the gas engine replaced, but the mechanical, electrical and control systems of the auxiliary […]
From September 2025, Gabriella Bábel will take up the position of managing director at Microsoft Hungary, the company has announced on its website. Over the past decade, Gabriella Bábel has held senior commercial management positions at Microsoft in Hungary and regional roles, and in 2018, she was also acting managing director of the company for […]
In the second quarter of 2025, the construction industry environment showed signs of mild recovery in certain segments, which is an encouraging sign for the future. However, on the markets relevant to Masterplast, no significant increase in demand was observed yet, most of the growth expected in the next quarter. As a result, the company’s […]
The modern industrial and logistics real estate stock in Hungary amounted to 5.84 million square meters at the end of the second quarter this year, with deliveries in the capital and the countryside increasing the stock by a total of 91,320 square meters, the Budapest Research Forum (BRF) told MTI on Wednesday. Between April and […]
Chinese car manufacturer BYD says it has long-term plans for Europe, and construction of its Hungarian factory is proceeding according to plan, despite press reports to the contrary. According to the information provided by BYD Hungary to MTI on Wednesday, production is scheduled to start at the end of the year, and cars will soon […]
The Abu Dhabi Securities Exchange (ADX), one of the fastest-growing and leading exchanges in the Middle East, and the Budapest Stock Exchange (BSE), the second largest exchange in Central and Eastern Europe, signed a Memorandum of Understanding (MOU) to collaborate on a number of key initiatives, BSE announced in a press release. The MOU sets […]
The Hungarian electronics manufacturing firm Videoton Holding has signed an agreement with the owners of Limtronik GmbH, under which Limtronik GmbH, which employs 150 people in Limburg near Frankfurt, and Limtronik USA in Denver have become members of the Hungarian-owned group of companies. According to Videoton Holding's announcement on Tuesday, the new member companies are […]
At its meeting on this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided not to change the central bank interest rates, leaving its base rate at 6.5%. According to the press release after the meeting, the primary objective of the National Bank of […]
