Hungary's MOL Group called for tangible actions to restore Europe's industrial competitiveness, warning that high energy costs, regulatory complexity and burden along with the increasingly fragmented markets were putting the continent's long-term prosperity at risk, in a statement issued on Wednesday. In the statement, the company advocated for a 'European Minimum of Competitiveness' a shared […]
The National Bank of Hungary (MNB) is issuing a silver collector coin with a face value of HUF 20,000 and its non-ferrous metal version of HUF 3,000 on the 200th anniversary of the founding of the Hungarian Academy of Sciences. In addition to the collector coins, the MNB is issuing one million copies of a […]
Hungarian real estate developer WING Group has signed an agreement with GTC for the purchase of a development site located at 173–177 Váci Road, one of Budapest’s main business corridors, covering more than 2.1 hectares, the Group says in a statement. According to the plans, approximately 470 modern apartments and a 23,000-square-meter modern office building […]
In the first three quarters of 2025, 7,490 new dwellings were built in Hungary, 14% fewer than a year earlier. The number of dwellings to be built based on issued construction permits and simple declarations was 19,947, 37% more than in the same period of 2024, the Central Statistical Office reports. In quarters 1-3 2025, […]
Hungary has promulgated its first law on artificial intelligence, the Ministry of National Economy Ministry said on Saturday. With the act, the government aimed to establish a legal framework for the safe, transparent and responsible use of AI, Szabolcs Szolnoki, the deputy state secretary for technology, said in the statement. In addition to implementing the […]
A record number of 317,000 travellers spent 611,000 guest nights at tourism accommodations over the four-day weekend for the October 23 national holiday, Visit Hungary said on Friday. According to the announcement, Hungarians were particularly keen to travel, with more than 61% of guest nights coming from Hungarian guests: 184,000 set off on trips and […]
Dunaújváros, located on the banks of the River Danube south of Budapest, is an industrial town and wants to remain so, according to a representative survey conducted among the local population. The vast majority of Dunaújváros residents believe that new industrial investment would help the town, which has fallen on hard times following the collapse […]
The 10th Budapest Jewelry Week kicked off this Monday. Until November 9, the public can view more than 25 exhibitions by nearly 100 artists. This year, the professional workshops and lectures are organized by the participating jewelry designers, who are also having guided tours and workshops on various topics, as well as performances, in order […]
The number of new passenger car registrations in Hungary rose 7.7% year-on-year to 95,946 in January-September, data compiled by the European Automobile Manufacturers' Association (ACEA) show. Hybrid electric and plug-in hybrid vehicles accounted for 55% of sales, cars with petrol engines made up 24% and vehicles with diesel engines 12%. Fully-electric vehicles accounted for 8% […]
HungaroControl's air traffic controllers (ATCs) managed 950,926 flights in Hungarian airspace in January-September, 7% more than in the same period a year earlier, the state-owned company said on Tuesday. The most notable month was August, with 137,374 aircraft. According to forecasts, the expected annual traffic volume could reach 1.2-1.3 million aircraft. Despite the significant increase […]
GLS Hungary has put its 2,500th parcel terminal into operation, the express delivery company told MTI. GLS has put its 2,500th parcel machine into operation in Kisköre, E Hungary, meaning that the company now provides flexible parcel handling solutions in 740 locations with more than 3,500 delivery points, the company told MTI. GLS emphasized that […]
The national flag was hoisted with military honors this Thursday, the national holiday marking the 69th anniversary of the anti-communist uprising and freedom fight of 1956, in the presence of Defense Minister Kristóf Szalay-Bobrovniczky and Colonel General Gábor Böröndi, the commander of the Armed Forces. Representatives of state and military organizations also attended the event. […]
The Hungarian Association of Digital Companies (IVSZ) launched a project to establish an AI Competency Center in Budapest this Wednesday, MTI reports. The center would offer AI development support as well as education and training programmes. The aim of the project is to establish the conditions necessary for local SME software developers to implement AI-based […]
At this year's Procurement Bar event, the Sustainable Procurement Awards were once again presented to recognize outstanding players in the domestic procurement and sustainability industry, rewarding domestic companies and procurement teams with responsible, ethical, and environmentally conscious procurement practices. The award was decided by an independent professional jury. During the evaluation of the nominees, aspects […]
The electricity distributor company OPUS TITASZ inaugurated an HUF 18.2bn substation in Nyíregyháza (NE Hungary) this Friday. The investment, supported by European Union funding, is said to boost the electricity distributor's capacity by 45%, allowing it to meet fully demand at the local industrial park. At the inauguration ceremony, Energy Minister Csaba Lantos highlighted the […]
