Over the next two years, Hungary’s leading pasta producer, Gyermelyi Plc. will build and expand several production units. The investment program includes a new, fully automated high-bay warehouse, an expansion of pasta production capacity and packaging development, the Hungarian Investment Promotion Agency (HIPA) reports. With the support of the VIP Cash Subsidy Program, the investment […]
The performance of the hotel market in Central and Eastern Europe, and within that, Budapest, exceeded all preliminary analyst expectations in 2024. The sector's growth is likely to continue this year, with the number of international guest nights by the end of the year exceeding the previous record set in 2019, CBRE told MTI on […]
To mark France's national holiday, the French Institute in Budapest will once again hold its traditional street party on July 12 in Budapest. The free, open-air event will offer music, dance, and culinary programs from afternoon until late evening, guaranteeing a Parisian atmosphere, according to information provided to MTI by the French Institute in Budapest. […]
Hungary continues to face entrenched inflationary pressures, with new data confirming that price growth remains stubbornly high despite regulatory efforts by the government. Analysts expect this volatile trend to continue in the months ahead. Inflation accelerated in June, driven by rising costs in food, household energy, and services—even as Prime Minister Viktor Orbán’s administration enforced […]
Audi Hungaria has been manufacturing the second generation of the compact premium SUV since 2018. A few months ago, the millionth vehicle rolled off the production line, and following its world premiere in June, series production of the third generation is now beginning. This Thursday, the first vehicle – a sage green Q3 – rolled […]
The Korean Cultural Center in the Hungarian capital presents the ROYAL PALACE exhibition, the symbolic title of which evokes the history and artistic value of Korean embroidery. It features works by Lee Jungsook that reinterpret court embroidery from the Joseon period. Through them, the uniquely subtle beauty and deep cultural significance of Korean embroidery is […]
Students and lecturers from John von Neumann University in Kecskemét are participating in one of the world's most renowned sustainability and engineering challenges, the Bridgestone World Solar Challenge in Australia, with their own solar-powered vehicle, which they designed and built themselves. The university team is the only Hungarian participant in the competition. At the car's […]
Mol Limo's service is now available on a trial basis at Lake Balaton, Balatonfüred and Siófok. With this innovation, the car-sharing company is responding to users' growing demand for multi-day trips, Mol Limo told MTI on Thursday. During the trial period, which runs from July 10 until further notice, two types of cars – the […]
The audit of the National Bank of Hungary's (MNB) gold reserves has been completed; the 94.73 tons of gold reserves stored in Hungary are in perfect condition, the MNB announced on its Facebook page on Thursday. According to the announcement, central bank governor Mihály Varga, ordered the audit of the gold reserves after taking office, […]
On Thursday, Mondeléz International officially handed over its new solar park on the premises of its factory in Székesfehérvár: the USD 2.3 million (approximately HUF 780 million) investment has created the group's largest solar park in Central and Eastern Europe. Dominik Boguslawski, factory manager in Székesfehérvár, said that the 25,000-square-meter solar park is also the […]
Hungary and China may establish a research, development, testing and certification center for smart, new energy vehicles and their energy storage systems in Zalaegerszeg, ZalaZONE Vehicle Testing Track announced to MTI on Wednesday. According to a letter of intent, a joint investment by the China-U.S. Green Fund, Zhongzhi Zhitong Testing Technology Co. Ltd., and the […]
Festipay Plc., founded in Hungary, will provide cashless payment services at the 40th Formula 1 Hungarian Grand Prix, which will be held just west of Budapest on the first weekend of August. The company announced to MTI on Wednesday that it will operate hundreds of contactless terminals throughout the hospitality area, where guests can pay […]
Budapest Airport, the operator of the Hungarian capital's Ferenc Liszt International Airport, has announced that Condor, one of Germany’s most established carriers, will launch its Frankfurt-Budapest service from May 1, 2026. The flight, operating three times a day, will add further capacity and flexibility towards this key European hub. From May 2026, a new airline […]
A supercomputer specialized in artificial intelligence research was inaugurated this Tuesday at the University of Szeged (SZTE) in SE Hungary. As part of the investment, SZTE purchased 1.75 peta flop/s of computing capacity, but thanks to the design, it also has access to significant resources managed by Hewlett Packard Enterprise (HPE). Tibor Szpisják, HPE's managing […]
The real estate business Duna House Group achieved new record volumes in the second quarter of 2025: The volume of financial intermediation reached all-time-highs, up 37% year-on-year and +20% quarter-on-quarter, the Group says on the website of the Budapest Stock Exchange. The volume of real estate brokerage remained close to the record levels achieved in […]
