A project to utilize methane extracted from nine thermal wells along with water has been launched in Szeged as part of the Second Swiss-Hungarian Cooperation Program, investor Geo Hőterm Ltd. informed MTI on Tuesday. According to the announcement, the aim of the investment is to utilize the methane gas extracted from the thermal wells supplying […]
The volume of Hungary’s gross domestic product was 0.1% higher according to raw data and 0.2% higher according to seasonally and calendar adjusted and reconciled data in the 2nd quarter of 2025 than in the corresponding period of the previous year, the Central Statistical Office (KSH) reports. Compared to the previous quarter, the economic performance […]
In H1 2025, ALTEO achieved a 10% year-on-year increase in revenues, mainly due to the successful expansion of the Retail and Renewable Production Management portfolios and the significant increase in renewable energy production capacities, the energy services company says in its management report and analysis on the website of the Budapest Stock Exchange. Despite the […]
Indotek Group, a real estate, private equity investment and asset management company, has renovated another shopping center: this time, the group has completed the interior renovation of Balaton Plaza in Veszprém, the company told MTI on Monday. According to the announcement, the group owns more than 70 shopping centers and retail units in Hungary and […]
Egis Pharmaceuticals Plc. and the Faculty of Mechanical Engineering at the Budapest University of Technology and Economics (BME) have signed a cooperation agreement, the pharmaceutical company announced to MTI on Monday. The aim of the agreement is to support the practical training of students, develop the practical skills required in the labor market, support promising […]
The seasonally adjusted Purchasing Managers' Index (PMI) for August was 48.9. Compared to previous August values, this year's value is lower than the long-term monthly average (52.5), but exceeds the average of the previous three years' monthly values (48.8), according to a statement sent to MTI on Monday by the Hungarian Logistics, Purchasing and Inventory […]
Industrial producer prices were unchanged in July 2025 compared to previous month and 4.5% higher on average than a year earlier, the Central Statistical Office (KSH) reports. Industrial producer prices were 4.5% higher on average in July 2025 than one year earlier. Domestic output prices were 1.6% and non-domestic ones 5.9% higher than in July […]
The Budapest Stock Exchange (BSE) share index, the BUX, ended the week at 102,554.62 points, down 2.80% from last Friday's close. Total turnover increased from HUF 48.21 billion to HUF 91.15 billion on a weekly basis, with leading stocks weakening, the financial website penzcentrum.hu reports. The BUX started the week with a decline due to […]
The Hungarian oil and gas company MOL is exploring geothermal energy and has conducted 3D seismic measurements in and around the Danube Refinery in Százhalombatta, south of Budapest to investigate the potential for geothermal energy utilization. They are looking for high-temperature aquifers in the area that could be used to make the refinery's operations more […]
Service exports calculated in EUR increased by 2.4%, imports lessened by 3.4% in the 2nd quarter of 2025, compared to the same period of the previous year. The surplus reached EUR 3.1 billion, EUR 423 million higher than in the 2nd quarter of 2024, according to the Central Statistical Office (KSH). The export value improved […]
After 23 years, Wendy's may reappear in Hungary: one of the world's largest fast food chains is actively seeking franchise partners in our country. The company's goal is to reach 2,000 international restaurants by 2028, and the domestic market would also play a role in this. As reported by the business portal penzcentrum.hu, the company […]
The surplus of the external trade in goods was EUR 578 million in Hungary in July; compared to the same period of the previous year, the volume of export surpassed by 3.5%, that of import by 1.0% the one year earlier level, the Central Statistical Office reports. The surplus was EUR 578 million, the balance […]
Hungary announced sanctions against a Ukrainian military officer accused of targeting the country’s vital oil supply, escalating tensions between Budapest and Kyiv over Russian energy. Foreign Minister Péter Szijjártó declared that the government would bar Robert Brovdi, a Hungarian-born commander in Ukraine’s armed forces, from entering both Hungary and the Schengen area. Brovdi, widely known […]
In July 2025, the average number of employed persons aged 15–74 was 4,712,000. The number of unemployed persons was 211,000 and the unemployment rate was 4.3%, according to the country's Central Statistical Office (KSH). In the period May–July 2025, the average number of employed persons aged 15–74 was 4,681,000, 30,000 fewer than a year earlier. […]
CATL intends to implement more environmentally friendly and energy-efficient solutions at its Debrecen plant in Eastern Hungary. To this end, the company has submitted an application to the Hajdú-Bihar County Government Office to amend its environmental permit. The company says that thanks to its latest technological developments, it will use less water and energy. The […]
