Net income of Hungarian pharmaceutical company Gedeon Richter fell 7% year-on-year to HUF 163.3bn in Q1-Q3, dropping on a financial loss, an earnings report posted ahead of the opening bell on Thursday shows. Revenue rose 7% to HUF 680.2 billion and operating profit climbed 8% to HUF 204.5 billion. A net financial loss of HUF […]
Hungary's MOL Group called for tangible actions to restore Europe's industrial competitiveness, warning that high energy costs, regulatory complexity and burden along with the increasingly fragmented markets were putting the continent's long-term prosperity at risk, in a statement issued on Wednesday. In the statement, the company advocated for a 'European Minimum of Competitiveness' a shared […]
The volume of industrial production exceeded the one year earlier level by 1.3%, while based on working-day adjusted data it declined year-on-year by 1.5% in September 2025. According to seasonally and working-day adjusted data, industrial output was 1.3% higher than in August 2025. Production volume decreased in the majority of the manufacturing subsections compared to […]
Budapest's hotel market is expected to beat its pre-pandemic guest night record in 2025, property consultancy CBRE said in an analysis on Wednesday. Guest nights at Budapest hotels rose 5.2% year-on-year to 6.2 million in January-August, while guest numbers climbed 7% to 2.6 million, CBRE said. Including other tourism accommodations, such as short-term rentals, guest […]
On the occasion of the 200th anniversary of the founding of the Hungarian Academy of Sciences (MTA), an international conference was held at the Academy's renovated headquarters in Budapest, attended by more than fifty academic leaders and heads of international research funding agencies. According to a statement released by the MTA on Wednesday, 51 academic […]
The National Bank of Hungary (MNB) is issuing a silver collector coin with a face value of HUF 20,000 and its non-ferrous metal version of HUF 3,000 on the 200th anniversary of the founding of the Hungarian Academy of Sciences. In addition to the collector coins, the MNB is issuing one million copies of a […]
OTP Bank, Hungary's biggest commercial lender, celebrated the 30th anniversary of its listing on the Budapest Stock Exchange at an event on Wednesday. OTP chairman Sándor Csányi said the success of the lender and of the bourse were "inseparable", noting that OTP accounted for around 60% of share turnover, making it one of the most […]
The fall series of two programs organized jointly by Provident Financial Ltd. and Semmelweis University continued in the town of Martfű in eastern Hungary. The aim of the series is to provide the older generation with useful knowledge in the areas of financial security and health preservation in a way that is easy to understand, […]
Hungarian real estate developer WING Group has signed an agreement with GTC for the purchase of a development site located at 173–177 Váci Road, one of Budapest’s main business corridors, covering more than 2.1 hectares, the Group says in a statement. According to the plans, approximately 470 modern apartments and a 23,000-square-meter modern office building […]
One of Europe's largest festivals is back in Hungarian hands. Sziget will begin organizing the 2026 event with its current management and organizing team, under the strategic leadership of its founder, Károly Gerendai, according to a press release issued by the event. This will allow Sziget, once again as an independent festival, to further strengthen […]
Zwack Unicum Plc., the biggest player in Hungary’s spirit market, had total gross sales of HUF 18.993 million in the first half of the 2025–2026 business year – a year-on-year increase of HUF 759 million (4.2%). Net sales (that is, sales revenues minus excise tax and revenue from the Deposit Return System’s deposit fee) were […]
In the first three quarters of 2025, 7,490 new dwellings were built in Hungary, 14% fewer than a year earlier. The number of dwellings to be built based on issued construction permits and simple declarations was 19,947, 37% more than in the same period of 2024, the Central Statistical Office reports. In quarters 1-3 2025, […]
Serbia-based hygiene paper manufacturer Drenik Group has announced a new investment project in Szolnok, involving the expansion of its existing plant and the construction of a biomass power plant supported by the Factory Rescue Program. With this decision, the company, operating in Hungary for a decade, will increase its total investment value to EUR 110 […]
On October 30-31, the exhibition and fair site in Budapest, Hungexpo hosted the Shanghai Fair Trade Show, one of the world's largest exhibition series supported by the Chinese government. According to a statement released, the event attracted thousands of visitors and featured some 130 Chinese high-tech companies from a wide range of sectors. Among others, […]
Starting this Monday, Richárd Végh, former president and CEO of the Budapest Stock Exchange (BSE), takes up the position of CEO at the financial services company KAVOSZ Plc., the organization announced to MTI on Monday. According to the announcement, Richárd Végh's tasks will include further digitizing the company's operations, expanding financial service provider partnerships, and […]
