Hungary's inflation rate surged unexpectedly in January, driven by sharp increases in fuel, food, and service costs, posing fresh challenges for monetary policy. The latest data indicates mounting price pressures, with core inflation also worsening, raising concerns over the central bank’s ability to ease interest rates in the near future. Official figures show that Hungary’s […]
How can Eastern Europeanism be defined? What is it that is distinctively its own, that binds the peoples who live here and share a common history and geography? And what are the global solutions to local specificities? Or what and how does all this become one in Euro-ness? What are the trends towards deeper European […]
The majority of people believe that it is now essential to be able to pay by credit card in shops, markets and at service providers such as plumbers or hairdressers, OTP Mobil said on Tuesday, based on a representative survey conducted by MTI. The survey, representative of the Hungarian population aged 18 and over, was […]
According to the European Investment Bank (EIB) Investment Survey (EIBIS) 2024 just released, four in five Hungarian firms invested in 2023 and this is similar to last year’s EIBIS findings. However, the investment outlook has fallen and is now negative with more firms expecting to reduce rather than increase their investment in EIBIS 2024. The […]
Based on PwC's Q1-Q3 surveys and preliminary data for Q4, the total Hungarian e-commerce market could reach HUF 1920 billion in 2024, with a 15% increase in turnover, of which 17% - around HUF 330 billion - is already generated by import trade. Imports have also clearly become a growth driver in 2024, as domestic […]
The results of a Hungarian medical research could revolutionize the treatment of thyroid cancer in East-Central Europe; with the new, incision-free procedure, Hungary could play a leading role in medical innovation, the Premier Med Health, Education and Research Institute and Semmelweis University, which are participating in the research, told MTI. They said that several years […]
Hungarian photographer Esther Horvath returned this past December from her latest polar region trip during which she spent about a month in Svalbard, a Norwegian archipelago in the Arctic Ocean. She tells Diplomacy&Trade about how she originally fell in love with that region, what is life like on expeditions like this and how all this […]
Efforts to promote responsible alcohol consumption are paying off: recent findings from international research by HEINEKEN and the University of Oxford show a radical change in the way consumers – especially young people – approach non-alcoholic beverages. The role of group norms and traditions is increasingly being replaced by an embrace of personal values, leading […]
MVM Paks Nuclear Power Plant Plc. closed 2024 with the fifth highest production result in its history, with the plant's four units producing a total of 16,016.6 GWh of electricity, which is almost half of the gross Hungarian electricity production and one third of the gross domestic consumption, the company informed MTI on Tuesday. The […]
Consumer prices were 5.5% higher on average in Hungary in January 2025 than a year earlier. Over one month, consumer prices rose by 1.5% on average, within which motor fuels became 2.7% more expensive, the Central Statistical Office (KSH) reports. In 12 months, compared to January 2024:A price increase of 6.0% was recorded for food, […]
Housing prices in Hungary rose by more than 9% in January compared to a year earlier, a faster increase than expected, real estate.com reported on Monday, based on data from its January house price index. The housing price index, which is based on the number of advertisements posted on the real estate advertising portal, shows […]
78% of Hungary's 100 largest companies prepared a sustainability report last year, and their performance in terms of emissions was better than the global average, KPMG said on Monday. According to the consultancy's international survey, the leading domestic companies are performing in line with the global average in sustainability reporting, although the majority of them […]
Though not all the U.S. presidents have left a deep imprint on world affairs, Donald J. Trump’s presidency promises to be consequential. The 47th President has a larger elbow room than the 45th had: Donald J. Trump does not need worry about the next presidential election personally – that is another question that a responsible […]
Dozens of programs – including festivals, balls, costume parades, cycling tours and car rallies – await visitors to Lake Balaton during the carnival period, the Balaton Tourism Association told MTI on Saturday. In their statement, they wrote that this year, at least thirty to forty carnival events and winter carnival balls will lure visitors to […]
Viktor Boczán, who has been the Chief Executive Officer of Provident Hungary since last year, returned to his home country from the Czech Republic to bring his diverse and cross-functional experience of more than 23 years to the company to help it achieve its growth-focused financial plans. He spent five years in top management positions […]
