The University of Szeged (SZTE) will be the first in the world to install GE HealthCare's new compact cyclotron, the MINItrace Magnit, which will serve education, research, and patient care, while also strengthening relationships with industrial partners, Rector László Rovó emphasized on Tuesday. At a press conference on the development, the professor of medicine said […]
Around 29% of Hungarian employers plan new hires in the first quarter of next year, a fresh survey by staffing company Manpower Hungary shows. About 20% of companies plan to reduce headcount. Manpower used a representative sample of 525 employers for the survey. Executive manager Péter Varga said the cautiously optimistic expectations of companies predict […]
Hungary's annualized consumer price index stood at 3.8% in November, down from 4.3% in October, according to data released by the Central Statistics Office (KSH) on Tuesday show. Food prices rose 3.2%, but increased just 0.6% excluding the price of eating out. The price of eggs jumped 11.2% and cooking oil prices climbed 10.1%, but […]
For the third year running, Hungary's OTP Bank has made the first place on The Banker magazine’s 'Top 100 CEE Banks' ranking, the Hungarian lender told MTI on Monday. OTP noted that it also made the top place on the national list in Hungary, and its subsidiary DSK Bank took the first place in Bulgaria. […]
Hungary's general government deficit reached HUF 4,070.4 billion at the end of November, 80.5% of the full-year target, the Ministry of National Economy said in a preliminary release of data on Monday. The central budget gap reached HUF 3,904.0 billion and the social insurance funds were HUF 240.3 billion in the red, but separate state […]
The eastern Hungarian city of Debrecen once again demonstrated the exemplary cooperation that characterizes the joint efforts of the city's companies, civil organizations, church communities, and institutions. This social responsibility and cooperation has proven to be outstanding on a national level and has a long-term impact. The Master Good group of companies, founded by László […]
The majority of the population considers it important to prepare in advance for Christmas expenses, according to a recent survey by Provident Financial Ltd. However, the research also points out that many people are only able to set aside money for holiday expenses on an ad hoc basis. The Christmas season is particularly important in […]
The Budapest Stock Exchange (BÉT) share index, the BUX fell this week amid declining turnover, with the BUX closing at 108,922.07 points on Friday, down 0.49% or 531.32 points from a week earlier. Weekly turnover was HUF 75.93 billion, down from HUF 135.59 billion the previous week, with leading shares weakening except for Mol. On […]
Hungarian Nobel laureate writer László Krasznahorkai talked about rebellion, human dignity, angels and hope in his Nobel Prize lecture at the Swedish Academy in Stockholm on Sunday. "The angels of old are no more, there are only the new ones … and, having lost their wings … they walk among us in simple street clothes," […]
Among other special items, a rare, limited edition Alessi piece based on designs by Salvador Dalí will be on display at the exhibition 'Design Icons – Yesterday and Today' at the m21 Gallery in the Zsolnay Cultural Quarter in Pécs, S Hungary, between December 12 and March 1. Zsolnay Heritage Management Ltd., which operates the […]
On Friday evening, Fitch Ratings left Hungary's debt rating at BBB, but downgraded its stable outlook to negative. This concludes the series of reviews for 2025, with the major credit rating agencies expected to review Hungary again next spring, the business website portfolio.hu reports. The following factors are behind the rating and outlook: (1) Fitch […]
The Hungarian Wine Academy (MBA) has named József Lamport, chief winemaker at the Thummerer Winery in Noszvaj since 2004, as its Winemaker of the Year in Hungary, the MBA announced to MTI on Friday. As a winemaker in the Eger Wine Region, József Lamport played an active role in creating Egri Csillag, the white counterpart […]
A contract for a EUR 1.2 billion syndicated loan for the construction of a 1,000 MW combined cycle gas turbine power plant in Tiszaújvaros (NE Hungary) has been signed, state-owned energy group MVM said on Friday. MVM said the syndicated loan is provided by 11 banks on favorable terms. The loan is covered by the […]
The value of the output of the Hungarian agricultural sector was above HUF 4,400 billion in 2025, which was 6.2% more than a year earlier. The contributors to the growth were a 10% rise in the total producer price level and a 2.5% increase in the volume of livestock production. The volume of output fell […]
The volume of industrial production lagged behind the one year earlier level by 2.7% in October 2025. Output also fell 2.7% when adjusted for the number of workdays. According to seasonally and working-day adjusted data, industrial output was 0.5% higher than in September 2025. Production volume decreased in the great majority of the manufacturing subsections […]
