The number of smartphone users in Hungary is 5.3 million, which equals 89% of all internet users in the country. The number of people using a mobile internet connection has increased by 1.7 million to almost 4.5 million between 2017 and May 2019. The major role that smartphones play in our lives is proven by […]

Investments in the Hungarian economy surged by 18.8% in the second quarter of 2019 from a year earlier, driven by the private sector, according to data from the Central Statistical Office. The figure represents a 4.1% increase versus the first quarter. Dynamic growth rates were recorded in 15 out of 19 sectors. A 31% increase […]

The volume of construction output, based on raw data, was 20.3% higher in June 2019 than a year earlier, Hungary's Central Statistical Office reports. The volume of output increased in both main groups of construction: in the construction of buildings by 23.5%, in civil engineering works by 16.5%. Based on seasonally and working day adjusted […]

In June, the volume of sales in retail shops increased by 4.3%, according to raw data and by 5.2% when adjusted for calendar effects compared to the same period of the previous year, according to a report published by the Hungarian Central Statistical Office. The volume of sales, adjusted for calendar effects, rose by 2.1% […]

The Eastern Slovakian city of Košice was one of the venues of the World Ice Hockey Championships this May, hosting a multitude of visitors. Following the event, Mayor Jaroslav Polaček thanked the organizing committee and other partners for their work in welcoming approximately 250,000 visitors to the city – many of them from within the […]

In June 2018, the volume of industrial output grew by 4.2% year-on-year, the Hungarian Central statistical Office (KSH) reports. Based on working-day adjusted data, the production rose by 3.1%. On the previous month, industrial output was down by 1.2%.

The Hungarian currency, the forint began Wednesday trading at 326 units to one euro. Then, a morning waning wave had flown it to 327.3, before another fall early evening resulted in the common European currency being worth HUF 328 – an all-time low.

The trade development and investment promotion agency PRO ECUADOR has opened a representative office in Budapest with the aim of promoting Ecuadorian exportable supply and investment climate on the Hungarian other Central Europe markets.

At the General Assembly of 2018 of the German-Hungarian Chamber of Industry and Commerce (DUIHK), four new members were elected to their board of directors. Also, 20 companies were awarded the 'Reliable Employer' rating for the third time.

Industrial producer prices as a whole were 3.5% higher in March 2018 than in the same period of the previous year, the Hungarian Central Statistical Office reported this Thursday. Industrial domestic output prices rose by 3.3%.

This is the fifth year Randstad Hungary rewarded the most attractive employers in Hungary. Mercedes Benz landed on the top of the list and previous consecutive victories earned Audi Hungária a place in the 'Randstad Employer Brand Hall of Fame'.

The Startup Campus V4 Global Tour reached its second destination, the German capital, this April as participating startups attended and exhibited at Startup Camp Berlin 2018 and introduced themselves to the representatives of the German economy.

In February 2018, the number of nights spent by international tourists increased by 7.4% and that of nights spent by domestic tourists by 11% compared to a year earlier. Total gross revenues grew by 12% at current prices in accommodation establishments.

GE Hungary keeps on seeking Hungarian companies which could successfully join its supplier's chain. For this purpose, more than 70 SMEs presented themselves to GE representatives at the GE Supplier's Forum in Budapest.

Upgraded 1,000-forint banknote denominations can appear in cash payments in Hungary from March 1, 2018. In addition to their renewed appearance, the banknotes have been brought up-to-date with regards their security features.