Nuclear energy is the backbone of Hungarian electricity generation, while the generation mix is increasingly shifting towards renewables, and the weight of coal and other non-gas fossil sources is gradually declining, a new study by the GKI Economic Research Co. finds. In 2025, the largest producer was the Paks Nuclear Power Plant, with 40% of […]
Pursuant to a government decision, the Institute and Museum of Military History will move back to Kapisztrán Square, next to the District 5 City Hall in Budapest. Starting in 2023, the Ministry of Defense took over the museum’s space in the former Nádor Barracks. There had previously been a plan to move the collection to […]
In the presentation of its latest production report, the Hungarian geothermal energy company PannErgy maintains its previously (in January 2026) published consolidated IFRS EBITDA guidance for the 2026 financial year, which is expected to be within the range of HUF 4,300-4,450 million. The weather conditions during the reporting period represented a less favorable geothermal heat […]
The public can view more Picasso prints at the Móra Museum in Szeged this Saturday during the Autumn Night of Museums, where visitors can also learn about numerous historical legends connected to the city and find out if there is any truth to them. According to Anita Hegedűs, the public collection’s PR representative, experts have […]
EU Commissioner for Justice and the Rule of Law Michael McGrath expressed appreciation in Luxembourg on Tuesday for the "significant progress" made in restoring the rule of law and for the "excellent cooperation" between the Hungarian government and the institutions of the European Union. Ahead of the meeting of the EU member states' European affairs […]
Budapest’s Városliget (‘City Park’) has won the 2026 European Large Urban Parks Award from World Urban Parks (WUP), one of the world’s leading professional park organizations. Benedek Gyorgyevics, CEO of Városliget Plc., announced at a press conference that the City Park was honored as Europe’s best large park this past weekend in Istanbul at the […]
US-owned restaurant chain Pizza Hut is expanding in Hungary by opening a franchise restaurant in Nagykanizsa (W Hungary) in the first quarter of 2027 and one unit in Budapest in the first half next year, AmRest Vendéglátó, the operator of the chain in Hungary has announced. With the new units, the restaurant chain will expand […]
Innovation, therefore, is only the first step. For systemic change to occur, the entire ecosystem must work together. This year’s CEE4Impact Day focused on the path toward systemic change. Ten years ago, at the first CEE4Impact Day, positive social impact was still an optional choice. Since then, humanity entered an era of global crises, already […]
Commissions revenue of listed real estate broker DH Group's franchise network edged down around half a percent to HUF 5.1 billion in the third quarter from the same period a year earlier, the Group said on the website of the Budapest Stock Exchange. In the third quarter of 2026, intermediated loan volumes amounted to HUF […]
At the Global Five 2026 conference, organized by ESSCA Budapest on October 5, 2026, at the French Institute, participants analyzed the challenges faced by women in senior leadership positions, how growing inequalities affect women’s roles and opportunities, and to what extent they can incorporate the impacts of environmental change into their strategies and day-to-day activities. […]
Analysts of Hungarian lender OTP said on Friday in a quarterly forecast that Hungary’s GDP could grow by 1.7% this year and increase by 2.5% in 2027. The director of OTP's analysis center, Győző Eppich said household consumption is expected to drive growth this year, but exports may also help following two years of decline. […]
The government aims to build a knowledge-based economy and the strategically important Hungarian pharmaceutical industry can serve as an example in this regard, Economy and Energy Minister István Kapitány said at a conference of the Hungarian National Association of Pharmaceutical Manufacturers (MAGYOSZ) on Friday. The minister emphasized that the Hungarian pharmaceutical industry is export-oriented and […]
Head of the European Public Prosecutor’s Office (EPPO), European Chief Prosecutor Laura Codruta Kövesi, has held talks on the technical details of Hungary’s membership of the EPPO with Justice Minister Márta Görög, Finance Minister András Kármán, Interior Minister Gábor Pósfai and Deputy Prosecutor General István Lajtár at the Ministry of Justice in Budapest, the ministry […]
Amid declining trading volume, the Budapest Stock Exchange (BSE) stock index (BUX) fell this week; on Friday, the BUX closed at 151,272.07 points, down 0.93% or 1,416.56 points from the previous week. Weekly trading volume totaled 99.81 billion forints, down from HUF 143.72 billion the previous week, as prices of leading stocks declined. On Monday, […]
Hungarian President of the Republic, András Baka paid his respects at the memorial site for the victims of the September 11, 2001 attacks in New York, the president's office said on Saturday. September 11, 2001, was indisputably a turning point for the entire world, whether in terms of the economy, politics, or diplomacy. Above all, […]
