Hungary's cash flow-based general government deficit reached HUF 3,420.4 billion at the end of March, the Ministry of National Economy said in a preliminary release of data. The central budget deficit reached HUF 3,242.6 billion and the social security funds were HUF 190.3 billion in the red, but separate state funds had a surplus of […]
OTP Group has been awarded Best Bank in Central & Eastern Europe by Global Finance in its 33rd annual Best Bank Awards, recognizing the Group’s outstanding regional performance, the Bank said in a statement on its website. In addition to the regional title, two OTP Group members earned top national distinctions: OTP Bank was recognized […]
The new European Union Directive 2024/825 on ‘Empowering Consumers for the Green Transition’ (ECGT Directive) will start to apply from September 27, 2026. It amends existing EU consumer laws and imposes new consumer information requirements that will require website changes for traders selling to EU customers. It also introduces stricter rules on claims that will […]
Italian air handling solutions specialist Weger launches an investment in Hungary to expand production capacity, the Hungarian Investment Promotion Agency (HIPA) reports. The EUR 24.6 million project aims at the construction of a 10,000 square-meter production hall in Jászárokszállás (Central Hungary), equipped with advanced machinery, as well as automated and digitalized manufacturing solutions to improve […]
Hungarian Electraplan and German cable tray system specialist Niedax have announced a EUR 72.5 million joint investment in Hungary, the new facility will produce infrastructure components for Germany’s large-scale railway upgrade program. The plant in Vésztő, in south-eastern Hungary, will produce fiberglass-reinforced cable tray systems and covers. With a manufacturing capacity of 5,000 kilometers per […]
Specialized in metal processing, Iron-Tech has announced a nearly EUR 6.5 million capacity expansion and energy efficiency investment. The project will create six new jobs at the company’s Szigetvár site in S Hungary. The Polish-owned company, with decades of experience, is a well-established player in Hungary’s engineering industry, specializing in precision CNC machining. Employing nearly […]
In a world that often treats career, family and love as competing forces, Andrea Bocelli’s wife and long-time manager speaks about them as parts of one architecture – a structure held together not by perfection, but by presence. For her, the point is not to “balance” three separate worlds, but to keep everything anchored to […]
The project by the Hungarian-owned company Rév-Bíró-Vart Metal Plc. in Mezőtúr, E Hungary, is expected to create 110 new jobs and to significantly contribute to the region’s competitiveness, according to a report by Hungarian Investment Promotion Agency (HIPA). Rév-Bíró-Vart Metal Plc. has several decades of industrial experience in metal component manufacturing, particularly in toolmaking, component […]
Hungary's government sector had a HUF 1,858 billion deficit in the fourth quarter, equivalent to 8.3% of GDP, data released by the Central Statistical Office (KSH) on Wednesday show. Government sector revenue rose 10.8% to HUF 9,955 billion, while expenditures climbed 9.8% to HUF 11,813 billion. For the full year, the government sector had a […]
The inauguration of Scrub Daddy’s Hungarian investment and the ceremonial signing of a strategic cooperation agreement with the government took place in Mártély, SE Hungary. Scrub Daddy was founded in 2012, while the idea for its flagship product dates back to 2006. The American startup gained recognition on the TV show Shark Tank, where it […]
According to a report published on the Budapest Stock Exchange (BSE) website, Hungarian meat industry company Kometa closed 2025 with lower revenue but higher profits compared to the previous year. Annual revenue fell from HUF 91.39 billion to HUF 87.81 billion, while net profit rose from HUF 663.4 million to HUF 675.3 million. The company […]
Kempinski Hotel Corvinus Budapest has announced the reopening of ÉS Bisztró, one of Budapest’s most popular dining establishments. Over the last weeks, not only was a renovation carried out behind the scenes, but a comprehensive reimagining was also undertaken, encompassing every detail. The restaurant reopened its doors to the public on March 27, 2026. ÉS […]
Better air, more shade, a more pleasant school environment. In the spirit of a commitment to a sustainable future, a joint tree-planting program was implemented in cooperation between Provident Financial Ltd., the ReGreenX project and the municipality of Szeged, a city in SE Hungary. The courtyard of the Bonifert Domonkos Elementary School was enriched with […]
The 100% Hungarian-owned Hód Plast Ltd. has established an IBC tank and barrel manufacturing facility in Algyő, SE Hungary, with an investment of EUR 6.5 million, the Hungarian Investment Promotion Agency (HIPA) reports. Founded in 1998, the company manufactures plastic bottles, canisters of various sizes, and the caps used for these containers. Their products are […]
The Hungarian dairy company Tolnatej has announced a new investment project. As part of the EUR 26.1 million development, the company will establish a new, automated whey protein processing plant in Szekszárd. The investment will enable Tolnatej to enter a new product segment and strengthen its market position and export capabilities by producing high value-added […]
