E.ON Hungária Group is installing industrial-scale electric boilers capable of generating enough heat to heat nearly 1,500 homes annually in the district heating system of Székesfehérvár. The aim of the investment, worth more than HUF 4 billion, is to support the greening of Székesfehérvár by partially replacing fossil fuel-based heat generation. E.ON is installing industrial […]
The retail business of AutoWallis will launch sales of Chinese electric vehicle maker NIO's flagship brand and its compact firefly brand in Hungary from January, the car seller announced in Budapest on Tuesday. Sales of the NIO and firefly models will start at a brand dealership in the capital. The number of dealerships could be […]
Hungary's state-owned energy company MVM has signed a five-year agreement to buy 2 billion cubic meters of liquid natural gas (LNG) from Chevron. The deal was announced in Budapest on Tuesday. Chevron would deliver an annual 400 million cubic meters of LNG to MVM under the contract and thus, the United States LNG would become […]
Klaudia Pataki, the mayor of Kecskemét, southeast of Budapest, presented Markus Schäfer, a member of the board of Mercedes-Benz AG, with the Key to the City award at a ceremony in the Ministry of Foreign Affairs and Trade in Budapest on Tuesday. Speaking at the ceremony, Minister of Foreign Affairs and Trade Péter Szijjártó called […]
The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at 6.50% at a monthly policy meeting on Tuesday. The Council also left the O/N deposit rate at 5.50% and the O/N collateralised loan rate at 7.50%. The rates mark the ends of the central bank's […]
A new, comprehensive financing option called the Green Momentum Loan Program is available from the Hungarian Development Bank (MFB). The program, which has a budget of approximately HUF 30 billion and consists of investment loans and working capital loans, aims to promote the transition of domestic businesses and organizations to sustainable operations, technological renewal and […]
Hungary's Magyar Vagon will manufacture railway trains for the Slovenian state railway company, Magyar Vagon told MTI after a contract was signed on Monday in the Slovenian capital, Ljubljana. Magyar Vagon will deliver five intercity trains, each consisting of four cars. The trains could be put into use in the second half of 2028. Magyar […]
In June 2025, in time for the jubilee 40th Hungarian Grand Prix, the renewed 25,000 m² paddock building and the new 10,000-seat grandstand of the Hungaroring were inaugurated in Mogyoród, based on the designs of DVM Group Ltd. and SAMO Architects Ltd. Together with the pit building completed in an earlier phase of the development, […]
The number of patent applications filed in Hungary climbed 17% in 2024, well over the 4.9% global increase, the Hungarian Intellectual Property Office (HIPO) said on Monday, citing the latest World Intellectual Property Indicators report. The global leaders in patent applications were China, the United States, Japan and South Korea, according to the report. According […]
Hungarian movie director Ildikó Enyedi on Sunday received the Femme de Cinema Sisley - Les Arcs award at the Les Arcs film festival in France, founded in 2013, to highlight the work of outstanding female filmmakers. The award ceremony was followed by the screening of Silent Friend, Enyedi's latest work starring Tony Leung Chiu-Wai, Enzo […]
The world economy is on the downturn phase right now. Almost all the developed countries, including EU members, will see their economy, say, stagnated for at least this year, mainly because of the various tariffs imposed on different countries and sectors by the Trump administration. That is how Senior Economist at the Center for Macroeconomics […]
By early December, approximately 1,030 megawatts of new solar power capacity had been built in Hungary in 2025. The country first exceeded 1 gigawatt of growth in 2022, and since then, it has managed to exceed this level every year. Of the nearly 8,300 megawatts of capacity, more than 5,000 megawatts have been installed in […]
Air China will operate its Budapest-Beijing flight every day from spring, up from four times a week at present, the Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó said in Budapest on Sunday. In a statement issued by his ministry, he said Budapest would be the fourth city in the European Union with a […]
The Budapest Stock Exchange (BÉT) share index, BUX, closed at 109,607.58 points on Friday, 0.63% higher than a week earlier. Weekly turnover was HUF 83.09 billion, following HUF 75.93 billion the previous week, with leading shares strengthening, except for Mol. Equilor Investment Ltd. highlighted in its weekly summary that, according to its analysts, OTP's 12-month […]
The László Bíró Award, named after the the Hungarian-born inventor of the first commercially successful ballpoint pen, has been awarded this year to Lídia Demján. The award recognizes people who have made a substantive and key contribution to promoting relations between Hungary and Argentina in the field of culture. At the award ceremony held this […]
