The anniversary of the founding of the Hungarian state serves as a reminder that a nation's future is built not only by leaders but by strong and enduring institutions, the President of the Republic András Baka said in his festive address late on Thursday. Speaking on public news channel M1 before the fireworks on the […]
US Secretary of State Marco Rubio praised the strong partnership between the United States and Hungary in a message marking Hungary's national holiday published on the State Department's website on Thursday. The Secretary of State noted that August 20 was a reminder "of the historic ties between our peoples." "The friendship between the United States […]
Hungary's national flag was raised in front of Parliament on Thursday morning in a military ceremony to mark the August 20 national holiday, attended by President András Baka, Prime Minister Péter Magyar and Speaker of Parliament Ágnes Forsthoffer. The flag was hoisted by a ceremonial unit of the Hungarian Armed Forces to the national anthem, […]
The National Tax and Customs Authority (NAV) has terminated its investigation on suspicion of money laundering into the Ukrainian cash transport case due to the absence of a crime, NAV said on Wednesday. According to their statement, investigation has been closed in the case in which the transport vehicle and its staff were seized by […]
Hungary's Constitutional Court on Monday rejected all three petitions from opposition Fidesz and the Christian Democrats (KDNP) challenging amendments to the Fundamental Law. The court dismissed the petitions primarily on grounds of lack of jurisdiction. Fidesz-KDNP had sought the annulment of parts of the 17th amendment to the Fundamental Law, including the provision that immediately […]
The government has ordered a comprehensive probe of 4iG's contracts with the state, Prime Minister Péter Magyar said in a social media post on Monday. The prime minister stated that four ministries would be involved with the probe of 4iG, which he called the "mothership" of "NER" companies, using a Hungarian acronym referring to businesses […]
Commercial real estate investment volume in Hungary could exceed EUR 1.2 billion in 2026, with a "strong pipeline of ongoing transactions", property consultancy Colliers said in an analysis. First-half commercial real estate investment volume reached EUR 610 million, climbing 26.7% from the base period, the strongest H1 performance since 2021, according to Colliers director Balázs […]
The Hungarian government has ordered the immediate construction of a bed sill on the Danube between the Paks nuclear power plant and the settlement of Dunaszentbenedek, Prime Minister Péter Magyar said in a video message on social media on Wednesday. Two 80-meter barges will also be stationed at the site and can be sunk to […]
This Sunday marks the 160th anniversary of the Budapest Zoo and Botanical Garden first opening its gates to the public on August 9, 1866. To celebrate the anniversary, a variety of public programs and activities will await visitors to the City Park institution on both days of the weekend. Several programs will run continuously from […]
The housing construction market is picking up, but it is highly uneven across regions; for example, in Budapest, 83% of new apartments were built in just four districts during the first half of the year, as highlighted in an analysis by Mapei Ltd. Nationwide, 6,278 new homes were built in the first half of the […]
The Hungarian Minister for the Living Environment, László Gajdos, announced the launch of a probe of Hungary's battery industry in a social media post on Tuesday. The probe, extending to the battery industry's entire supply chain, will scrutinize capacities, use of materials, emissions, water use and waste management, he said. According to the minister, the […]
Home sales in Hungary fell 2.1% year-on-year to 9,292 in July, a monthly estimate by listed real estate broker Duna House shows. For the period January-July, home sales fell 9.7% year-on-year to 65,846. July saw the more subdued activity typical of the summer months in the Hungarian real estate market: 9,292 sales took place, which […]
There is enough motor fuel in Hungary; supply is secure and the goal is to ensure that it remains secure tomorrow and the day after tomorrow, the chairman-CEO of Hungarian oil and gas company MOL, Zsolt Hernádi has announced. He said water levels in the Danube, which provides both cooling and industrial water for the […]
Hungarian transmission system operator MAVIR, acting on orders from the government, will call on several dozen large industrial energy consumers to make voluntary cuts in their electricity usage, Prime Minister Péter Magyar announced in a social media post on Thursday. He said MAVIR will contact cement factories, car and battery manufacturers, chemical plants and other […]
Austria's Erste Group booked first-half net income of EUR 104m at its banking business in Hungary, down 24% from the base period as sectoral taxes — booked for the full year — weighed, an earnings report released on Thursday shows. Net interest income climbed 19% to EUR 243 million and net revenue from commissions and […]
