Hungary’s inflation rate picked up in May for the first time in three months, highlighting the persistent challenge facing monetary policymakers even as headline figures suggest only modest price growth. The Central Statistical Office reported an annual inflation rate of 4.4%, up from 4.2% in April and slightly above economists' expectations. On a monthly basis, […]
The book market has undergone significant changes in recent years, but books as a medium for culture, knowledge, and identity are not disappearing; rather, their role and accessibility are changing, Katalin Gál, president of the Association of Hungarian Publishers and Book Distributors (MKKE), emphasized at the opening of the 96th Book Week on Thursday at […]
Magyar Suzuki Plc. stabilized its operations despite declining sales revenue, with the decline attributable to excess production in the base year, company executives said at a press conference in Budapest on Thursday. Magyar Suzuki Plc. CEO Masato Atsumi, emphasized that despite the difficulties, 2024 was more predictable than previous years, with both production and sales […]
The market value of the world's 100 largest companies increased by 7%, or a total of USD 2.8 trillion, as of March 31, 2025, according to PwC's latest report, Global Top 100 companies by market capitalization. However, the rate of growth slowed significantly compared to the previous year's 27% (USD 8.3 trillion). With this new […]
After many years of active presence, numerous successful installations and overcoming significant challenges, Continest Technologies Plc. based in Székesfehérvár, Hungary, a manufacturer and distributor of innovative folding containers, has reached another milestone in its expansion in the United Kingdom. Continest is pleased to announce that it has signed strategic cooperation agreements with two renowned, long-established […]
On an annual basis, Hungarian GDP stagnated in the first quarter of 2025 according to raw data, the National Bank of Hungary (MNB) says in its quarterly report published this Wednesday. From the monthly indicators, industrial production stagnated, construction output declined by 3.4% and retail sales rose by 0.4% on an annual basis in March. […]
According to Visit Hungary, which handles domestic and international tourism-related sales and marketing communications for the Hungarian Tourism Agency, the heatwave that hit at the beginning of June brought a real travel fever and outstanding results, with 288,000 guests, 20% more than last year, seeking relaxation at during the long holiday weekend. The statement said […]
French multinational rolling stock manufacturer Alstom is greening the electricity consumption of its Mátranovák factory (NE Hungary) with a 1.5-megawatt solar park. In an investment that will replace 23% of the factory's annual electricity demand with green electricity, experts will install 6,600 square meters of solar panels, the company said in a statement sent to […]
The Hungarian pharmaceutical company Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that “understanding and supporting the Hungarian government's efforts to reduce the burden on patients, voluntarily restricts the price of its non-prescription product Panangin®, a magnesium and potassium dietary supplement and complementary treatment for chronic heart disease and cardiac […]
Consumer prices were 4.4% higher on average in May 2025 than a year earlier, according to official figures by the Central Statistical Office (KSH). Compared to April, prices went up by 0.2% on average, KSH points out. In 12 months, compared to May 2024:A price increase of 5.9% (4.5% excluding food and beverage serving services) […]
TRIBE Budapest Airport Hotel has opened in the immediate vicinity of Terminal 2 at Ferenc Liszt International Airport. Rooms at the four-star hotel have been available for booking since mid-May, according to an announcement made at a press conference on Tuesday. The investment costs of the TRIBE Budapest Airport Hotel, developed by WING, are being […]
The Emil Frey Group, a car importer operating in several Central European countries, will begin selling Leapmotor cars in Hungary, making it the first Chinese brand in its portfolio, György Balkány, country manager of Emil Frey Hungary, announced at a press conference in Budapest on Tuesday. Leapmotor is reported to be an up-and-coming car manufacturer […]
The Magyar Nemzeti Bank is issuing a silver collector coin with a face value of HUF 20,000 and a non-ferrous metal version with a face value of HUF 3,000 named ‘Apáczai Csere János’, to mark the 400th anniversary of the birth of the first Hungarian encyclopaedist and pioneer of the dissemination of scientific knowledge in […]
Contrary to fears, the rise of artificial intelligence (AI) will increase rather than decrease the number of jobs, transforming the way people work, according to a statement sent to MTI by PwC Hungary, citing the PwC Global AI Jobs Barometer 2025 report, which found that even in the jobs most exposed to the impact of […]
More than 30-40 million students at over 8,000 institutions worldwide use the learning management system (LMS) developed by Hungarian experts at the Budapest base of the American educational technology company Instructure, the company told MTI. According to the announcement, the LMS system is used by Oxford, Toronto, and Ivy League universities in the United States, […]
