Hungary's GDP rose 0.6% in the third quarter compared to the same period a year earlier, the Central Statistics Office (KSH) confirmed in a second reading of data on Tuesday. Services boosted GDP by 0.9 percentage points, while the construction sector added 0.1 percentage points to growth. Industry weighed 0.3 percentage points and the farming […]
The Circular Economy Summit in Hungary has been held for the eighth time at the Öbölház event venue in Budapest, where corporate leaders, researchers, and policymakers gathered to discuss the latest challenges and opportunities associated with the circular transition. The event was hosted by Willem van Ee, Ambassador of the Kingdom of the Netherlands, and […]
In the second half of this year, it is the Kingdom of Denmark that holds the rotating Presidency of the Council of the European Union with overarching priorities such as a secure Europe and a competitive and green Europe. It is totally understandable why security, competitiveness and environmental protection are the most significant issues on […]
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 53.4 points in November, climbing from 51.2 in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday. The PMI stayed over the 50-point threshold, signalling an expansion in the manufacturing sector. Among the PMI sub-indices, the new orders index rose […]
Poultry meat exports increased while pork exports slighty fell in the first nine months of the year, compared to the same period in 2024, a report published by the Institute of Agricultural Economics (AKI) shows. Poulty meat exports were up at HUF 194.9 billion from HUF 165.4 billion, while volume increased to 162,800 tons from […]
Hungary had a EUR 713 million trade surplus in goods in October, data released by the Central Statistics Office (KSH) on Monday show. Exports inched down 0.9% year-on-year to EUR 12.844 billion. Imports edged up 0.6% to EUR 12.131 billion. Trade with other European Union member states accounted for 75% of Hungary's exports and 71% […]
Amid growing turnover, the Budapest Stock Exchange (BÉT) share index rose during the week, closing at 109,453.39 points on Friday, 2.05% higher than a week earlier. Weekly turnover was HUF 135.58 billion, following HUF 88.57 billion the previous week, with leading shares strengthening, except for Mol. On Wednesday, the BUX closed at 109,827.02 points, up […]
Leapmotor's network in Hungary is expanding rapidly, with 10 dealerships and service centers already dealing with the Chinese car brand since its market entry was announced in June this year. The goal is to achieve nationwide coverage, according to Emil Frey Hungary, which is responsible for importing the vehicles. Leapmotor has registered nearly 80 cars […]
Around 60% of construction industry companies in Hungary expect to close 2025 with falling revenue, according to a survey by the National Association of Construction Contractors (ÉVOSZ), reported by MTI. The survey results, presented on Friday, show 27.5% of companies anticipate higher revenue for the full year and 12.5% see turnover stagnating. Around 400 companies […]
The 30th anniversary of the listing of Hungarian oil and gas company MOL on the Budapest Stock Exchange was celebrated at the bourse on Friday. At a ceremony at the opening bell, Mihaly Varga, the governor of the National Bank of Hungary, the bourse's majority owner, acknowledged the contribution of Hungarian multinationals like MOL to […]
Factory gate prices in Hungary rose 1.8% year-on-year in October, data released by the Central Statistics Office (KSH) on Friday show. Prices for domestic sale edged up 0.9% and export prices climbed 2.2%. Domestic prices of the manufacturing sector, which have a 62.7% weight in the PPI, rose 0.6% year-on-year. Domestic energy prices, which account […]
Wizz Air, the fastest-growing European airline and the leading ones in Central and Eastern Europe, today unveiled its 250th aircraft, marking a defining milestone in the airline’s growth story and placing the company halfway toward its goal of a 500-aircraft fleet, the lowcost airline announced this Friday.. According to the company statement, this achievement underscores […]
Hungary’s Prime Minister Viktor Orbán is preparing for another politically charged trip to Moscow, where he is expected to meet Russian President Vladimir Putin on November 28, according to reports citing government sources involved in the visit’s preparations. The news has not yet been officially confirmed by the Hungarian government, which says Orbán’s program will […]
In October 2025, nearly 1.7 million guests spent 3.8 million tourism nights at tourist (commercial, private and other) accommodation establishments. Tourist arrivals were up by 11% and tourism nights by 10% in number compared to a year earlier, to which the long weekend associated with the October 23 holiday also contributed, the Central Statistical Office […]
Revenue in Hungary of Danish home furnishings chain JYSK rose 16% to HUF 89 billion in the company's 2024/2025 business year, the company told MTI this Thursday. According to a recently published report, the EBIT (Earnings Before Interest and Taxes) of the Danish retail chain's Hungarian company exceeded HUF 23 billion, which is an increase […]
