Mastercard announced this week that the first live, authenticated transaction initiated by an AI agent was successfully completed in collaboration with OTP Bank, demonstrating how AI-based commerce can be implemented in a secure and responsible manner. The transaction, built on Mastercard’s Agent Pay technology, illustrates how AI agents can process purchases on behalf of consumers […]
Gauges of sentiment by the German-Hungarian Chamber of Industry and Commerce (DUIHK) show an improvement in business confidence after the April 12 election. Presenting the results of the surveys on Thursday, communications director Dirk Wolfer said the share of respondents who expected to see an improvement in the local economy rose from 7% before the […]
The American Hungarian Foundation (AHF) has recognized Nobel laureate Katalin Karikó with the George Washington Award, the University of Szeged told MTI on Wednesday. The award was presented to Katalin Karikó at the Hungarian American Coalition's gala marking the United States' 250th anniversary. Hungarian-American biochemist Katalin Karikó – along with American physician-scientist Drew Weissman – […]
Austrian-owned Erste Bank Hungary booked a first-quarter loss of HUF 5 billion as new rules required the lender to book the full-year windfall profit tax in Q1, chairman-CEO Radovan Jelasity said on Wednesday. Erste Bank had after-tax profit of HUF 20 billion in the base period, he noted. Retail lending stock rose 17% to HUF […]
Geology scholar and university professor Mihály Pósfai has been elected president of the Hungarian Academy of Sciences (MTA) for the next three years. The closed session at the 200th general assembly on Tuesday also elected MTA literature scholar Gábor Kecskeméti as secretary-general, while psychologist Ilona Kovács will take up post of deputy secretary-general. Deputy presidents […]
The Novohrad-Nógrád Geopark, in the border region between Hungary and Slovakia, has won EUR 3,951,000 in funding from the European Union's INTERREG program for supporting territorial cooperation, the managing director of the Nógrád Development Agency, Lilla Körmendy told MTI on Monday. She said the proposed UNESCO site, the Novohrad-Nógrád Geopark and its surrounding area, is […]
A compromise solution that benefits the Hungarian Academy of Sciences (MTA) and all members of the scientific community will be found, Prime Minister-elect Péter Magyar said on Monday, attending the 200th re-election convention of the MTA in Budapest. Péter Magyar told the press after delivering a speech at MTA's 200th general assembly that consultations were […]
Hungarian households’ net financial savings as a percentage of GDP stood at 4.6% in 2025, which continues to exceed the averages of regional and EU countries, the National Bank of Hungary (MNB) reports. Households’ net financial wealth continued to grow over the course of last year, reaching 117% of GDP by year-end. To ensure sustainable […]
For Cordia International SE, the developer of residential properties and seller of residential units, 2025 was a year of very strong operational performance, reaffirming the resilience of the company's strategy and the sustained demand for high quality residential developments across its markets. Tibor Földi, Chairman of the Board, Cordia International SE stated in a report […]
Balázs Horváth, a journalist for the Hungarian business news portal Economx, received the HUF 1 million grand prize in Provident Financial Ltd.’s “Provident Press Award for the Invisible” competition. The award, presented at a formal ceremony, was granted based on the decision of a professional jury to the professional who most authentically and effectively drew […]
The number of days it took homes in Hungary to sell after they were listed averaged 95 days in January-April, up from 84 days in the same period a year earlier, real estate broker Duna House said on Tuesday. This turn is also indicated by longer sales cycles and a shift in market conditions that […]
Katalin Karikó, the first Hungarian woman to win a Nobel Prize, will be awarded an honorary doctorate in Oxford in June and at two American universities in May, the Public Relations Office of the University of Szeged (SZTE) informed MTI on Monday. According to the announcement, Katalin Karikó, a professor at SZTE, will be among […]
Ball Corporation, a global manufacturer of sustainable aluminum packaging, is expanding its workforce at its recently acquired plant in Makó, SE Hungary, the company’s communications partner informed MTI. According to the announcement, the local company Ball Italcsomagoló Magyarország [Drink Packaging Hungary] Ltd. plans to hire more than forty new employees in the first phase, with […]
The jobless rate in Hungary for people between the ages of 15 and 74 stood at 4.5% in March, data released by the Central Statistics Office (KSH) on Friday show. The rate was up from 4.3% in March 2025, but down from 4.8% in February. In absolute terms, there were 219,000 unemployed in March. The […]
The Property Developers Roundtable Association (IFK) is hoping the new Tisza government’s economic policy directions will include a predictable and stable regulatory environment and is focusing on future professional cooperation with it, the association told MTI. IFK said development decisions are made several years in advance, so predictable and sustainable economic conditions are key for […]
