Hungarian Parliament passed legislative amendments on Tuesday to scrap motor fuel price caps. The amendments to the acts on the establishment of prices and the security stockpiling of imported crude oil and petroleum products were passed with 130 votes in favor, 36 votes against and five abstentions. Minister of Economy and Energy István Kapitány, the […]
The E.ON Hungária Group has commissioned a new 132/22-kilovolt transformer substation in Répcelak, W Hungary. The project, which was implemented with EU funding and cost approximately HUF 2 billion, improves the reliability of electricity supply for more than 15,000 customers in the northern part of Vas County. The investment was carried out as part of […]
First-quarter sales of new farm machinery in Hungary rose 44% year-on-year to HUF 54.3 billion, a report by the Institute of Agricultural Economics (AKI) shows. Individual farms and agricultural cooperatives purchased new agricultural machinery and equipment worth HUF 54.3 billion during the first three months of this year, and spent HUF 24.5 billion on spare […]
According to K&H’s SME Confidence Index, labor market planning for the coming period among company executives is characterized by a wait-and-see attitude and heightened caution; they are striving for stability in workforce levels, while a decline is observed in salaries and fringe benefits, and wage growth expectations have fallen to levels not seen since 2021, […]
The previous government has treated the situation of Hungarian families, especially families with multiple children, as a priority since 2010. This also brought about a paradigm shift, shifting to a policy that encourages childbearing and aims to achieve demographic goals, in which they emphasized the role of work alongside the family. This resulted in a […]
This year, even more children from disadvantaged backgrounds will have the opportunity to find a sense of community, self-confidence, and a vision for the future through sports. The opportunity-creating sports program of Provident Financial Ltd. and the Hungarian Interchurch Aid is entering a new phase: Dream Championship 2.0 now supports young people living in disadvantaged […]
Amnesty International Hungary has urged the government to introduce the EU's pay transparency rules, MTI reports. In a statement on Sunday, the organization noted that the 2023 European Union directive, aimed at eliminating the gender pay gap, requires member states to take steps to ensure pay transparency to address the disparity between men and women. […]
The Hungarian Chamber of Engineers considers the government's plan to tighten battery manufacturing industry regulations to be professionally sound, the chamber told MTI. The chamber said the government’s decisions – setting out a national inspection plan, comprehensive inspection of priority facilities, development of a new regulatory concept, and renewal of the environmental liability system – […]
Architects, contractors and developers from all over Europe have gathered in Budapest for the Baumit Life Challenge 2026 awards gala. The Hungarian capital proved to be the perfect venue. Just as the Danube connects many of Europe’s cities, the Baumit Life Challenge brought together the continent’s most outstanding façades, the organizers said in a statement. […]
Nearly one hundred seniors participated in the joint Senior Academy program organized by Provident Financial Ltd. and Semmelweis University in Szolnok. The goal of the event was once again to provide the older generation with practical knowledge to help them manage financial, health, and digital challenges, thereby contributing to their sense of security and independence […]
The risk of higher inflation (on the back of energy prices) pushing up mortgage costs, worsening affordability and weighing on transaction volumes, is meaningful across Europe, the real estate goup says in an annual report on the website of the Budapest Stock Exchange. DH’s diversified geographical footprint could offer som eprotection in the case of […]
For the third time, the awards for the ‘Conscious Living – Step by Step’ contest have been presented as part of a joint program by Provident Financial Ltd. and the Hungarian Interchurch Aid. The initiative aims to recognize and provide financial support to breadwinners who, even in difficult life situations, are able to make decisions […]
The football European Champions League Final, held in Hungary for the first time, stands out even among this year’s other major events (e.g. the Hungarian Formula 1 Grand Prix, the World Athletics Finals) as an exceptional sporting occasion with significant economic impact, the Budapest-based economic research institute GKI says. According to the institute's estimates, the […]
The Hungarian capital is a partner and ally to the central government in ensuring that the EU funds finally arriving in Hungary are used wisely and for the future, Budapest Mayor Gergely Karácsony said in a social media post reviewed by MTI. "The return of EU funds is a big deal and a real cause […]
"We have agreed with the President of the European Commission on the release of EUR 16.4 billion, approximately HUF 6,000 billion, in EU funds," Hungarian Prime Minister Péter Magyar announced in Brussels on Friday, MTI reports. At a joint press conference with President of the European Commission Ursula von der Leyen, Péter Magyar said one […]
