Turnover in the Hungarian media and communications market grew by 6.2% last year to reach HUF 758.7 billion, but in real terms it still lags 4.5% behind the 2019 level, Péter Novák, president of the Hungarian Advertising Association (MRSZ), said at the sector’s annual review conference in Budapest. The sector grew despite the country’s near-stagnant […]
Pál Simák will be replaced by Luigi Fuzio as chairman and CEO of CIB Bank once the necessary regulatory approvals have been obtained, the bank announced to MTI on Tuesday. Pál Simák has been appointed to a new international role at the group’s Milan headquarters, where he will lead the so-called Next Gen Acquisition Machine […]
MVM Zöld Generáció [Green Generation], a unit of state-owned energy company MVM Group, will build a hybrid geothermal power plant, the first in Hungary, near Zsana (S Hungary), Energy Minister Csaba Lantos announced on site on Tuesday. The company will drill to a depth of 2,400-2,500 meters to tap a 140-150-degree Celsius thermal water source, […]
The number of new passenger car registrations in Hungary in January-February fell 3.5% from the same period a year earlier to 19,016, data compiled by the European Automobile Manufacturers' Association (ACEA) show. Hybrid electric and plug-in hybrid vehicles accounted for 61% of sales, cars with petrol engines made up 21% and vehicles with diesel engines […]
Hungarian biotechnology and AI company Turbine Network Analysis Research Development Ltd. has been awarded HUF 250 million of EU and government funding to create a virtual lab, the company told MTI. The digital lab is a software platform used to create and run simulated experimental protocols and analyse large amounts of biological data. Founded in […]
Domestic business tourism is entering a new era as ENSANA Hotels has introduced, at Thermal Margaret Island, its WellMeeting® concept, merging conference efficiency with a holistic wellbeing approach. Set in the lush surroundings of Margaret Island, corporate events are no longer just scheduled programs but energizing, experience-based occasions tailored specifically to the needs of the […]
Electronics manufacturer Flextronics will invest around HUF 35.5 billion to expand capacity at its base in Zalaegerszeg (SW Hungary), it was announced this Monday. A statement from the Ministry of Foreign Affairs and Trade points out that this investment is the fourth by an American-owned company in Hungary in a week. It was added that […]
Hungary's cash flow-based general government deficit reached HUF 2,106.8 billion at the end of February, the Ministry of National Economy has confirmed in a detailed release of data. The central budget deficit reached HUF 2,010.1 billion and the social security funds were HUF 129.6 billion in the red, but separate state funds had a surplus […]
According to a survey by Profession.hu, the average time spent looking for a job in Hungary has decreased significantly: while it took more than five months to fill a new position in the first quarter of 2025, the average this year is three months and 22 days, the job portal informed MTI on Monday. The […]
This Monday, the Körmend site (in W Hungary) of Egis Pharmaceutical was visited by the Minister of Foreign Affairs and Trade, Péter Szijjártó and the CEO of the Hungarian Investment Promotion Agency (HIPA) István Joó, the company reports on its website. CEO Csaba Poroszlai and Plant Director László Sabáli reviewed, on behalf of the company, […]
The Budapest Stock Exchange (BSE) stock index, the BUX, ended the week at 122,107.32 points, up 0.29% from last Friday’s close. Shares of three top companies (Mol, Magyar Telekom and Richter) lost value over the week while the price of OTP Bank shares increased. Commenting on Friday’s events at the stock exchange, András Takács, an […]
US automotive supplier BorgWarner inaugurated a HUF 24 billion development at its base in Oroszlány (west of Budapest) this week. The investment, which is expected to raise headcount at the base to around 1,000, is supported by a HUF 4.8 billion government grant, according to a statement by the Ministry of Foreign Affairs and Trade. […]
Hungarian industrial automation and process control specialist Controlsoft AutomatikaLtd. is set to establish a regional service center in Veszprém, W Hungary, the Hungarian Investment Promotion Agency (HIPA) reports. Controlsoft will build a development center and a test facility on an 11,000-square-meter site in Veszprém, equipped with solar panels and a heat pump system. Supported by […]
Budapest's Chain Bridge will display Polish and Hungarian national colors on Polish-Hungarian Friendship Day, according to an announcement from Sándor Palace, the office of the Hungarian President of the Republic. On March 23, the countries' respective flags will line the bridge "in commemoration of the centuries-old friendship and alliance between Hungary and Poland" in accordance […]
This Friday night, the Office of the Year awards were presented for the sixteenth time at a lively ceremony combined with an exhibition and conference at MOM Sport in Budapest. Winners were announced in numerous categories at this prestigious competition: a professional jury evaluated offices, office buildings, community spaces, and interior design projects. The Special […]
