Hungary's general government deficit reached HUF 3,328.7 billion at the end of September, 69.7% of the full-year target, the Ministry of National Economy said in a preliminary release of data on Wednesday. The central budget gap reached HUF 3,267.4 billion and the social insurance funds were HUF 162.6 billion in the red, but separate state […]
German rail technology giant Siemens Mobility is expanding its research and development (R&D) center in Budapest through a series of international innovation projects, the Hungarian Investment Promotion Agency reports. The EUR 14.7 million investment further integrates the Hungarian R&D center into Siemens Mobility’s global innovation network and contributes to next-generation rail automation solutions. Supported by […]
A large number of outstanding applications were submitted for the 2025 'For a Sustainable Future' awards. The awards, established to recognize exceptional corporate and leadership achievements that contribute to achieving the UN Sustainable Development Goals and drive systemic change, have been presented — based on the decision of the professional jury — to Grundfos, Heineken, […]
The impact of climate change on business has shifted from being a distant threat to becoming part of our everyday reality. Today, business continuity itself is at stake. Companies can no longer focus solely on mitigating climate change; they must also simultaneously adapt to it. This was the central theme of BCSDH’s business lunch held […]
Infrastructure at an industrial park in Encs (NE Hungary) is being upgraded with HUF 800m in European Union and state support, the town told MTI. They added that the fundamental objective of the project is to develop an industrial park with basic infrastructure that meets investor requirements, good transport links and clear ownership structures, which […]
On June 6, 2024, the sale and purchase agreement for Budapest Airport Ltd., the operator company of the Hungarian capital's Ferenc Liszt International Airport, was signed. The Hungarian state acquired an 80% stake, while French co-investor VINCI Airports acquired 20%. As of the same day, François Berisot was appointed as the new CEO of Budapest […]
A consortium led by Veresi Paradicsom has developed an innovative method for the hydroponic cultivation of strawberries in a HUF 1.2bn project, the agribusiness told MTI. The three-year project, in which Veresi Paradicsom partnered with Bay Zoltan Applied Research Nonprofit, Carbotech Hungary and the Hungarian University of Agriculture and Life Sciences (MATE), was supported by […]
Consumer prices were 4.3% higher on average in Hungary in September 2025 than a year earlier. Compared to August, prices were unchanged on average, according to the country's Central Statistical Office. Food prices rose 4.7%, but increased just 3.0% excluding the price of eating out. The price of eggs jumped 18.2% and cooking oil prices […]
Inna Ocheretna will take over as managing director of Raben Trans European Hungary on October 1, Dutch logistics provider Raben Group told MTI on Tuesday. Inna Ocheretna joined the Raben Ukraine team in 2007, where she worked as managing director from 2019, according to the announcement. According to information on the Raben Trans European Hungary […]
The French-Hungarian Chamber of Commerce and Industry (CCI France Hongrie – CCIFH) will celebrate its 35th anniversary next year. On its website, it encourages its current and future members to boost their business with the participation and assistance of the Chamber. The organization's president, László Károlyi, and its director, Ágnes Ducrot, tell Diplomacy&Trade what kind […]
The American Condé Nast Traveler and the British Condé Nast Traveller have published the results of their annual Readers’ Choice Awards poll, according to which the Aria Hotel Budapest by Library Hotel Collection received two separate awards: readers of both publications independently ranked the hotel sixth among the best hotels in the region, which includes […]
Hungarian CFOs are responding to economic difficulties and skills shortages not only with short-term cost optimization, but also with long-term technological modernization. Last year, 57% of CFOs introduced cost-cutting measures, while 62% are planning automation and digitalization developments over the next three years. This is stated, among other things, in PwC's 7th Hungarian CFO Survey. […]
Sixteen Hungarian financial institutions have joined forces to officially establish HuSif – the Hungarian Sustainable Investment and Finance Association, MTI reports. The preparation of the Association has been underway since autumn 2024, and with the participation of key players from the financial sector, HuSif is now ready to begin its official activities. HuSif’s mission is […]
Samsung has announced the ten participants in the first pan-European final of its 'Solutions for Tomorrow' challenge. The international competition will be held in Milan, Italy, at the end of October. The finalists will represent their countries with their own technologically innovative ideas, thereby promoting international networking. The jury selecting the participants evaluated the creativity […]
Green license plates were issued for 22,628 all-electric cars in January-September in Hungary, the Energy Ministry said in a post on social media on Tuesday. The ministry noted that the number of plates issued in the first nine months was higher than for the entire year of 2024, so assuming a steady pace, the new […]
