Output of Hungary's industrial sector fell 2.5% year-on-year in January, a detailed reading of data released by the Central Statistical Office (KSH) shows. Compared to the previous month, output was up 1.5% Output edged 0.3% higher when adjusted for the number of workdays. The detailed data show output of the automotive industry, Hungary's biggest manufacturing […]
Hungarian navigation software leader NNG announces a state-backed next-generation AI navigation program, reinforcing Budapest's position as a center for automotive software innovation. Twenty years ago, NNG was founded in Budapest in 2004 as an independent navigation software start up with a single product. Today, it's technology runs in 11 of the world's 14 largest automotive […]
The National Bank of Hungary (MNB) says it remains committed to actively participating in international cooperation initiatives that support the European integration of institutions in the Western Balkans in the long term. An MNB statement says the third phase of the European Union (EU) -funded technical assistance program, entitled 'Strengthening the Central Bank Capacities in […]
Output of Hungary's construction sector dropped 11.4% year-on-year in January, data released by the Central Statistical Office (KSH) on Friday show. Construction sector output slipped 9.6% when adjusted for the number of workdays. Output of the buildings segment dropped 9.6%, while civil engineering output fell 14.5%. In absolute terms, construction sector output reached HUF 396bn […]
Surety stock of Garantiqa, a guarantor controlled by the Hungarian state, reached HUF 2,738 billion at the end of 2025, chairman-CEO István Attila Szabó is quoted by MTI as saying. The guarantees were on HUF 3,531 billion of credit, the chairman-CEO stated. Garantiqa has close to 72,000 contracts with more than 54,000 companies. The company […]
Talents at Hungarian workplaces are less optimistic than their global peers when considering their organization’s business outlook in 2026, as well as when looking at AI’s impact on productivity. They hold lower levels of trust in leadership, colleagues and their managers, but are more focused on pay and benefits when considering staying in their current […]
After-tax profit of Austrian-owned Erste Bank Hungary rose 14% to HUF 150 billion in 2025, chairman-CEO Radovan Jelasity said on Thursday. Net interest revenue rose 4% to HUF 199.4 billion and net revenue from commissions and fees climbed 18% to HUF 142.5 billion, the chairman-CEO pointed out. Return on Equity (ROE) improved 0.9 percentage points […]
ANY Security Printing Company Plc. has released its 2025 January-December results on the website of the Budapest Stock Exchange. Net sales of ANY Plc. for 2025 amounted to HUF 71.9 billion which is higher by HUF 1,4 billion (2%) than in the previous year. Changes in case of strategic product categories were as follows: Sales […]
Gránit Bank's after-tax profit rose 14% to HUF 19.2 billion in 2025, the lender told MTI on Thursday. The Hungarian bank's standalone total assets climbed 12% to HUF 1,785bn in the twelve months to the end of December. The Non-Performing Loan (NPL) ratio was just 0.2%, a fraction of the 2.1% banking sector average. Gránit […]
Innovative solutions by the first Hungarian-founded and owned neobank, BinX Plc. significantly contribute to the efficient operation of Hungarian SMEs, according to the Hungarian Investment Promotion Agency (HIPA) Based in Budapest and operating exclusively online, BinX employs 150 people and uses the latest fintech technologies to provide faster, cheaper, and more user-friendly mobile banking experiences […]
Hungary will take delivery of four new Gripen fighter jets at the Kecskemét airbase, East Central Hungary, by the end of June this year. Hungary's 14 Gripens have defended not only its own skies but also those of Slovakia and Slovenia for two decades, with Hungarian pilots completing four tours in the Baltic mission. Last […]
Leadec Ltd., a leading domestic expert in industrial services, has established one of the city’s first SSC centers in Győr, NW Hungary, through its new investment. Leadec Ltd. is the Hungarian subsidiary of the German Leadec Group, which began providing industrial services in Győr more than 30 years ago. The Group is present at more […]
Porsche Hungaria, the Hungarian importer of Volkswagen group brands, sold around 11,500 new Škoda cars last year, 7% more than in 2024, brand manager Gabriella Kelemen-Tűz said in Budapest. She highlighted that the Škoda brand traditionally performs well in the Hungarian new car market, with a share higher than the European average of around 9%, […]
Consumer prices in Hungary rose by 1.4% year-on-year in February 2026, according to a new flash analysis by the National Bank of Hungary (MNB) of inflation development. Relative to the 2.1% observed in January, the annual growth rate of prices was down by 0.7 percentage points. Core inflation decreased to 0.6 percentage points and stood […]
Hungary's University of Szeged and the Victor Babes University of Medicine and Pharmacy in Romania are partnering with the OncoHelp Association on a research project to reduce antibiotic resistance, the Hungarian school told MTI. The project, which runs until 2028, is funded with EUR 2.3 million from the European Union and the governments of Hungary […]
