The European Commission has approved EUR 71.6 million (HUF 28 billion) in aid from the state of Hungary for the expansion of South Korean tire maker Hankook Tire & Technology Co. Ltd.'s plant in Rácalmás (C Hungary), the European Union's executive body said. The EC statement highlights that this measure will support Hankook in setting […]
Expectations among companies operating in Hungary’s tourism sector exceeded the national economic average in April. According to the performance expectations index, they are in a more favorable position than any other sector — according to the latest survey conducted by the National Association of Tourism and Hospitality Employers (VIMOSZ) in collaboration with GKI Economic Research, […]
Nobel Prize-winning research biologist Katalin Karikó attended the opening of an open-air exhibition entitled 'The Martians', featuring outstanding figures in Hungarian science, in downtown Washington on Sunday. The Hungarian-made installation on display in front of the Kossuth House, the Hungarian Cultural Center is also partly linked to the 250th anniversary of the independence of the […]
Amid declining trading volume, the Budapest Stock Exchange (BSE) stock index, the BUX, closed at 133,872.25 points on Friday, down 3.56%, or 4,945.78 points, from the previous week’s closing value. Weekly trading volume on the stock market totaled HUF 142.41 billion, down from HUF 336.22 billion the previous week, with leading stocks posting mixed results. […]
Appeninn Holding Asset Management Plc. will not pay dividends after 2025, according to a decision by its general meeting, the company announced on the Budapest Stock Exchange’s website. Based on its standalone financial statements prepared in accordance with International Financial Reporting Standards (IFRS) and approved at the general meeting, the real estate investment and asset […]
Ball Corporation, a global manufacturer of sustainable aluminum packaging, is expanding its workforce at its recently acquired plant in Makó, SE Hungary, the company’s communications partner informed MTI. According to the announcement, the local company Ball Italcsomagoló Magyarország [Drink Packaging Hungary] Ltd. plans to hire more than forty new employees in the first phase, with […]
Approximately HUF 3.5 billion were spent on developing digital teaching methodologies at the University of Miskolc in northeastern Hungary, on building digital infrastructure to support practical instruction, and laying the groundwork for student and faculty skills related to the use of information technology, the institution told MTI. In their statement, they wrote that the goal […]
The jobless rate in Hungary for people between the ages of 15 and 74 stood at 4.5% in March, data released by the Central Statistics Office (KSH) on Friday show. The rate was up from 4.3% in March 2025, but down from 4.8% in February. In absolute terms, there were 219,000 unemployed in March. The […]
Budapest-based low-fare carrier Wizz Air said in a statement that it had earlier secured options for a large part of its kerosene needs, shielding it against volatile price changes. "Wizz Air has earlier secured options for a large part of its kerosene requirements, to a greater extent than other airlines, and is protected against rapidly […]
The Property Developers Roundtable Association (IFK) is hoping the new Tisza government’s economic policy directions will include a predictable and stable regulatory environment and is focusing on future professional cooperation with it, the association told MTI. IFK said development decisions are made several years in advance, so predictable and sustainable economic conditions are key for […]
Rába will not pay dividends and will allocate last year’s profit to retained earnings, the Győr-based vehicle manufacturer announced on the Budapest Stock Exchange’s website following its annual general meeting. The decision is in line with the proposal of the board of directors of Rába Automotive Holding Plc. The general meeting made this decision based […]
The E.ON Hungária Group is upgrading its sites with environmental goals in mind, continuing the biodiversity action plan launched in 2023. The company, which operates the power grid in Transdanubia, Pest County, and Budapest, is increasing biodiversity at its 90 company-owned sites – including facilities, power plants, solar parks, and substations – to create a […]
Delta Group is acquiring a 51% stake in asset management company UpScale HOLDING, pending on the fulfillment of closing conditions, the listed IT company said in a statement. Delta pointed out that the transaction will gave it an indirect controlling stake in UpScale IT Informatikai Szolgáltató, an IT services company, and UpScale Labs. Delta Group […]
The number of new passenger car registrations in Hungary rose 10.8% year-on-year to 36,455 in January-March, data compiled by the European Automobile Manufacturers' Association (ACEA) show. Hybrid electric and plug-in hybrid vehicles accounted for 62% of sales, cars with petrol engines made up 20% and vehicles with diesel engines 9%. Fully-electric vehicles accounted for close […]
According to the latest economic forecast from the Equilibrium Institute, a moderate recovery may follow several years of weak performance, but growth prospects remain subject to significant external and internal risks. Their analysis reviews the expected trends in GDP, inflation, exchange rates, the labor market, consumption and investment. The Institute's spring 2026 forecast predicts that […]
