The real estate development company WING has won this year’s Art is Business Award in the 'Corporate Art Project' category for the creation of Modernism in Pieces, an architectural history exhibition. The pop-up exhibition, held in November 2024, presented the historical, architectural, and art historical significance of the renovated Liget Center in a unique way. […]
The volume of industrial production in Hungary lagged behind the one year earlier level by 2.7% in October 2025. The working day adjusted index is equal to the non-adjusted one, the Central Statistical Office reports. A setback in production occurred in the great majority of the manufacturing subsections. According to seasonally and working-day adjusted data, […]
Fewer than 60,000 people — the richest 0.001% of the global population — now hold three times more wealth than the poorest half of humanity, according to the World Inequality Report 2026. It’s a comparison so extreme it barely seems real: a group small enough to fit inside a single football stadium commands more wealth […]
Low cost airline Wizz Air has reached 60 million passengers in Hungary, and gave a special welcome to its 60 millionth Hungarian passenger, who boarded the company's first flight to Tallinn on Thursday, the airline told MTI. They recalled that Wizz Air launched its first flight from Budapest to Athens from Ferihegy at the end […]
The Hungarian government and GE HealthCare have signed a strategic cooperation agreement, making the American medical technology company the 101st strategic partner. The document was signed on behalf of the government by government commissioner and CEO of the HIPA Hungarian Investment Promotion Agency, István Joó, and on behalf of the company by managing director Jutas […]
Global fund management company Janus Henderson is establishing its new business service center (BSC) in Budapest, further strengthening Hungary's position as one of the leading business service locations in the region, according to the Hungarian Investment Promotion Agency (HIPA). The London-based company, which manages almost USD 500 billion in assets, will create 400 jobs in […]
The Hungarian subsidiary of US-based innovative drug developer AbbVie and the Hungarian National Institute of Oncology have signed a strategic cooperation agreement, the parties announced to MTI on Thursday. According to the announcement, the long-term partnership agreement aims to support oncology research and improve domestic oncology care by expanding access to innovative therapies. Cancer is […]
Founded in 1906, Nilfisk is a global leader in the field of professional cleaning equipment and full cleaning systems in the industrial, commercial and consumer markets. The company is headquartered in the Danish capital, Copenhagen with sales entities in 45 countries and dealers in more than 100 countries – one of which is Hungary where […]
The Energy Ministry on Thursday announced the launch of a HUF 38.7 billion interest-free credit scheme to support energy efficiency improvements at microbusinesses and small and medium-size enterprises. Businesses may apply for between HUF 10 million and HUF 500 million of the credit for investments that cut utilities bills by at least 30%. Investments in […]
Hungarian writer László Krasznahorkai was presented with the Nobel Prize in Literature by Swedish King Carl Gustaf XVI at the Nobel Prize Award Ceremony in the Stockholm Concert Hall on Wednesday. In her opening address, Astrid Soderbergh Widding, chair of the Board of the Nobel Foundation, stated that "the prize in literature is awarded to […]
Construction sector orders are level with last year and show no sign of any marked expansion, although home construction could provide a boost, the head of industry association EVOSZ said at a general meeting on Wednesday. László Koji said that an EVOSZ survey showed that the revenue of 60% of construction companies declined in 2025, […]
The multiple award-winning Liget Center development by WING has been honored with the Construction Industry Excellence Award, recognizing the project’s outstanding architectural, heritage preservation and technical achievements. The prestigious accolade was presented on December 10 by ÉVOSZ, the National Association of Building Contractors, Hungary’s leading professional organisation in the construction sector. Among the applicants for […]
Digitalization does not stop during the Advent season: just as in everyday life, electronic payment solutions are replacing cash in fundraising. Mastercard and the Hungarian Interchurch Aid are entering into a strategic partnership to create and promote the technological background for conscious, fast, and secure fundraising. It is no coincidence that the announcement of the […]
Hungarian painter József Rippl-Rónai's portrait of Lajos Kunffy sold for HUF 65 million, while among his contemporaries, Ilona Keserü's painting Landscape fetched the highest price, HUF 40 million, at the Virág Judit Gallery winter auction. According to the gallery's announcement on Tuesday, nearly 200 items went under the hammer at Monday evening's auction, including masterpieces […]
The net profit of the Budapest Stock Exchange (BSE) for the first three quarters of 2025, which includes the BSE's share of the KELER Group's results, is HUF 3.89 billion. The EBITDA value for the the first three quarters of 2025 was HUF 1,252 million, which is 25% higher than the value achieved in the […]
