Hungary's government sector had a HUF 909 billion deficit in the third quarter of 2025, equivalent to 4.2% of GDP, MTI quotes data released by the Central Statistical Office (KSH) on Tuesday. Government sector revenue rose 6.3% to HUF 8,875 billion, while expenditures climbed 6.8% to HUF 9,783 billion. For the period Q1-Q3, the government […]
4iG Group on Monday announced the acquisition of a 74.34% stake in automotive industry company Rába from state-owned N7 Holding National Defense Industrial Innovation and the foundation that runs Széchenyi István University. SDT EGY, a project company established by 4iG Group member 4iG Space and Defense Technologies, acquired a 54.34% stake from N7 Holding and […]
The deficit of Hungary's external trade in goods was EUR 121 million last November compared to the same period of the previous year. The volume of exports lessened by 8.6%, that of imports grew by 3.8% over that period, the country's Central Statistical Office (KSH) reports. The EUR 121 million deficit means that the balance […]
A commemorative plaque was unveiled at the childhood home of the 2025 Nobel laureate in literature, Hungarian writer László Krasznahorkai in Gyula, SE Hungary this Monday, marking the writer's 72nd birthday. The limestone plaque, installed by the local government, was unveiled by the writer's brother, Géza Krasznahorkai, a former director of the Mogyoróssy János City […]
Share turnover on the Budapest Stock Exchange came to HUF 387 billion in December, MTI quoted a statement issued by the bourse on Monday. Daily turnover averaged HUF 20.4 billion. Wood and Company was the most active broker during the month, with double-counted turnover of HUF 201 billion. Concorde was runner-up with turnover of HUF […]
Suzuki retained its leading position on Hungary's passenger car market in 2025, Magyar Suzuki said on Monday. Datahouse statistics show over 14,200 new Suzuki passenger cars were registered in Hungary in 2025, giving the brand 11.04pc market share. Suzuki took the top spot for the 22nd time since it started production of cars in Esztergom […]
4iG Space and Defense Technology has signed an exclusive cooperation agreement with with the Czech firm TATRA TRUCKS, which makes makes heavy-duty vehicles for the military and civilian markets, parent company 4iG said in an announcement posted on the website of the Budapest Stock Exchange on Monday. Under the agreement, 4iG S+D has exclusive right […]
Last December, the real estate market began to revive again in Hungary with 9,646 residential properties changing hands nationwide, representing a 1.5% increase compared to the previous month, but a 5.7% decrease compared to the previous year, according to estimates based on its own data, Duna House told MTI on Tuesday. They added that December […]
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 53.7 points in December, inching up from 53.6 in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday. The PMI was over the 50-point threshold, signalling an expansion in the manufacturing sector. Among the PMI sub-indices, the new orders index […]
Hungarian retail continued to see slow, fluctuating growth in 2025, but this was by no means explosive; rather, it was a cautious upturn. Domestic stores are not the main beneficiaries of the increase in household consumption demand, as a significant portion of the additional consumption goes to services or online retailers, which are not fully […]
Hungary’s benchmark BUX stock index surged in 2025, posting one of its strongest annual performances on record. By late December, the BUX had climbed nearly 40% for the year, far outpacing many Western markets and repeatedly breaking all-time highs. The index – which tracks Hungary’s blue-chip companies – even sailed past the symbolic 100,000-point milestone […]
Hungarian President Tamás Sulyok and opposition leader Péter Magyar both addressed the Hungarian people in the first hours of the new year. In his New Year's address broadcast on public media just after midnight, President Tamás Sulyok called for understanding and love to prevail in the year ahead, urging Hungarians to 'rediscover the joy of […]
German-owned industrial property developer Panattoni will spend HUF 10 billion on developing two halls in its logistics park Panattoni Park Moson, near Hungary's border with Austria and Slovakia, the company said this Wednesday. Panattoni signed a lease contract to rent 51,000 sqm meters in the buildings to German-owned forwarding and logistics company Fliege. Panattoni is […]
There are countries one comes to know through professional duty, and there are others that enter one’s life quietly, long before titles, responsibilities or ambitions take shape. Hungary belongs to the latter category for me. It did not present itself as a destination of immediate consequence; rather, it revealed itself gradually, patiently, through moments that […]
Ratings agency Moody's on Monday said it downgraded Budapest's baseline credit assessment (BCA) to ba1 from baa3 and long-term foreign and domestic issuer ratings to Ba1 from Baa3, putting them below investment grade. The capital's mayor considers this downgrade 'obvious' after the government failed to adher to an agreement to meet is financial obligations and […]
