OTP Bank's consolidated adjusted profit after tax for the first quarter was HUF 188.576 billion, 21% lower than in the same period last year, ahead of the average expectations, the largest Hungarian financial institution has reported on the website of the Budapest Stock Exchange. Several special negative items weighed on the Q1 profitability, as the […]
MOL Group announced its financial results for the first quarter of 2025. MOL Group delivered USD 546 mn Profit before tax in Q1 2025, an increase of 23% year-on-year, the oil and gas company has announced on the website of the Budapest Stock Exchange. All key business segments improved their performance despite the economic slowdown, […]
On May 1st, Hungary marked the 21st anniversary of its accession to the European Union. While EU membership offers a host of economic advantages — such as tariff-free exports within the bloc, increased foreign direct investment, and free movement of labour — perhaps the most tangible benefit lies in the direct financial support from Brussels. […]
The volume of industrial production in Hungary remained in March 2025 at the level of the same month of the previous year, while, based on working-day adjusted data, it lessened by 5.4%. That is according to the country's Central Statistical Office (KSH). Compared to crude data, the significant difference is due to the fact that […]
Daniella Ltd. is a family business based in Debrecen with more than 30 years of experience, a leading player in the Hungarian electricity market with a network of 44 branches, a B2B and B2C webshop and an annual turnover of nearly HUF 50 billion. The company's stability and market recognition are also marked by the […]
The Netherlands-Hungarian Chamber of Commerce (DUTCHAM) has taken over the Presidency of the Permanent Commission of EU Member States in Hungary (EU Chambers) in the framework of a casual networking event of the EU Chambers at the Marriott Hotel Budapest. Since its establishment in 1994, the EU Chambers has been dedicated to enhancing the legal, […]
The EU Mission label was awarded to 39 new cities, including the Hungarian capital during the Mission Label Ceremony at the Cities Mission Conference 2025 in the Lithuanian capital, Vilnius, the Budapest Mayor's Office told MTI. This recognition that highlights the participants' ambitious plans to reach climate neutrality by 2030 and is designed to help […]
With new venues and around 3,000 programs ranging from visual arts to new circus and music, the Valley of Arts is waiting for visitors between July 18 and 27 in Kapolcs, Taliándörögd and Vigántpetend in an area north of Lake Balaton. Speaking at a press conference in Budapest on Wednesday, Minister of Public Administration and […]
This year, Hungary welcomed its five millionth visitor on May 6, eleven days earlier than last year's record year. Never before have so many Hungarians rested within the country's borders and never before have so many foreign tourists arrived so early in the year, Visit Hungary told MTI on Wednesday. According to the National Tourism […]
The Dutch Film Days at Toldi Cinema in the Hungarian capital are celebrating the richness of movies from the Netherlands through a strong selection of classics and recently released films between May 7 and 11. Over the past few decades, Dutch filmmakers have developed a distinctive voice in global cinema, blending local stories with universal […]
Hungarian businesses have settled into an uncertain economic environment, according to a recent business survey by the German-Hungarian Chamber of Industry and Commerce (DUIHK), with both the general economic situation and the company's own business assessments looking gloomy in the long term, the president of the chamber, András Sávos, said at a press conference in […]
Nestlé Hungária Ltd. has inaugurated a new solar park in Szerencs, NE Hungary, representing an investment of EUR 1.8 million, the Hungarian Investment Promotion Agency (HIPA) reports. The facility will generate approximately 1.5 GWh of electricity annually and marks the latest development in the operations of the Swiss company, which has been present in Hungary […]
The total value of corporate mergers and acquisitions (M&A) in Hungary rose to a record high last year, with 110 transactions worth an estimated USD 9 billion. The number of deals was virtually stagnant compared to the previous year, but their estimated total value set a record with an increase of almost 40 percentage points […]
Budapest’s international airport, the gateway to Hungary, was opened to the traveling public exactly seventy-five years ago, on May 7, 1950. Over the past seven and a half decades, hundreds of millions of passengers and millions of aircraft have used the runways and terminal buildings at the area called ‘Ferihegy’. The airport has been voted […]
In March 2025, the volume of retail trade was 0.4% lower in raw data, or 0.4% higher in calendar (and Easter effects) adjusted terms, than in the same month of the previous year, the Hungarian Central Statistical Office reports. Compared to the same period of the previous year, calendar-adjusted sale volumes expanded by 1.2% in […]
