4iG Space and Defense Technology has signed an exclusive cooperation agreement with with the Czech firm TATRA TRUCKS, which makes makes heavy-duty vehicles for the military and civilian markets, parent company 4iG said in an announcement posted on the website of the Budapest Stock Exchange on Monday. Under the agreement, 4iG S+D has exclusive right […]
Last December, the real estate market began to revive again in Hungary with 9,646 residential properties changing hands nationwide, representing a 1.5% increase compared to the previous month, but a 5.7% decrease compared to the previous year, according to estimates based on its own data, Duna House told MTI on Tuesday. They added that December […]
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 53.7 points in December, inching up from 53.6 in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday. The PMI was over the 50-point threshold, signalling an expansion in the manufacturing sector. Among the PMI sub-indices, the new orders index […]
Hungarian retail continued to see slow, fluctuating growth in 2025, but this was by no means explosive; rather, it was a cautious upturn. Domestic stores are not the main beneficiaries of the increase in household consumption demand, as a significant portion of the additional consumption goes to services or online retailers, which are not fully […]
Hungary’s benchmark BUX stock index surged in 2025, posting one of its strongest annual performances on record. By late December, the BUX had climbed nearly 40% for the year, far outpacing many Western markets and repeatedly breaking all-time highs. The index – which tracks Hungary’s blue-chip companies – even sailed past the symbolic 100,000-point milestone […]
Hungarian President Tamás Sulyok and opposition leader Péter Magyar both addressed the Hungarian people in the first hours of the new year. In his New Year's address broadcast on public media just after midnight, President Tamás Sulyok called for understanding and love to prevail in the year ahead, urging Hungarians to 'rediscover the joy of […]
German-owned industrial property developer Panattoni will spend HUF 10 billion on developing two halls in its logistics park Panattoni Park Moson, near Hungary's border with Austria and Slovakia, the company said this Wednesday. Panattoni signed a lease contract to rent 51,000 sqm meters in the buildings to German-owned forwarding and logistics company Fliege. Panattoni is […]
There are countries one comes to know through professional duty, and there are others that enter one’s life quietly, long before titles, responsibilities or ambitions take shape. Hungary belongs to the latter category for me. It did not present itself as a destination of immediate consequence; rather, it revealed itself gradually, patiently, through moments that […]
Ratings agency Moody's on Monday said it downgraded Budapest's baseline credit assessment (BCA) to ba1 from baa3 and long-term foreign and domestic issuer ratings to Ba1 from Baa3, putting them below investment grade. The capital's mayor considers this downgrade 'obvious' after the government failed to adher to an agreement to meet is financial obligations and […]
In Hungary’s automotive sector, annual new vehicle registrations are total around 150,000 units – comprising 120,000–125,000 passenger cars and roughly 25,000 light commercial vehicles. Based on new car registrations per capita, Hungary is positioned in the lower third of the European ranking.” Yet this stagnation also signals room for expansion, especially as the economic environment […]
Festipay managed close to HUF 39 billion of payments in 2025, up in value by 15% and by 7% based on the number of transactions compared to last year, the Hungarian fintech company said late on Monday. By the end of August, transaction volume processed through the company's system was around HUF 29 billion in […]
Halms Hungary, part of the Huashuo Group, is establishing its European center for the manufacture of automotive parts in Miskolc. Thanks to the investment in the Southern Science and Technology Park, INPARK area, Halms will manufacture aluminum castings and machined parts for leading car brands and automotive suppliers such as Volvo and Magna. Medium and […]
Shopper Park Plus (SPP), which owns a portfolio of retail properties in Hungary, the Czech Republic and Slovakia, announced an agreement on acquisitions in Poland on Monday. In line with the disclosures previously published in connection with the Transaction, SPP and its eight Polish subsidiaries entered into an agreement on December 23, 2025, concerning the […]
Named after German poet and statesman Johann Wolfgang von Goethe, the Goethe-Institute is a nonprofit German cultural organization operational worldwide with more than 150 cultural centers across 99 countries. One of those is Hungary where the Institute has been present since 1988. Its goal is to promote the German language abroad and encouraging international cultural […]
The Hungarian government has earmarked HUF 800 billion for the regulated utilities price scheme for households in 2025 and will continue the program in 2026, Energy Ministry state secretary Gábor Czepek said in a post on social media on Monday. The state secretary was of the opinion that Hungarian households paid the lowest gas and […]
