The National Investigation Office of Hungary's Standby Police (KR NNI), along with its consortium partners, has secured EUR 5 million in EU funding until July 2029 to enhance the detection and prevention of cross-border drug trafficking and related crimes, the KR NNI director announced at the program's launch in Budapest on Thursday. The DELTA program, […]
MBH Bank had a first-quarter loss of HUF 19.4 billion as it booked the bank levy and windfall profit tax for the full year during the period, an earnings report released on the website of the Budapest Stock Exchange on Thursday shows. The bank had HUF 54.1 bn adjusted profit after taxes (-6.1% y/y) in […]
Home prices in Hungary rose 23.5% year-on-year in 2025, climbing at the fastest pace in the past 25 years, the National Bank of Hungary (MNB) highlighted in a report published on Wednesday. In real terms, home prices increased 19.0% last year. In the fourth quarter of 2025, home prices were 22.5% higher than the level […]
Heineken’s record attempt was a success: this past Saturday, more than 600 people played together on a nearly seven-meter-long giant foosball table set up at Erzsébet Square in downtown Budapest, and the two teams scored more than 700 goals, the brewing company says in a statement This set a new Hungarian record; “to our knowledge, […]
The new Hungarian government is expected to decide on restrictions on the employment of guest workers from countries outside of the European Union at a cabinet meeting in the coming week, a government spokesperson said. Prime Minister Péter Magyar has asked the economy and energy minister and the social and family affairs minister to coordinate […]
Speakers at the March of Living event in Budapest on Sunday afternoon emphasized the importance of combatting indifference and hatred, as well as the duty of remembrance. At the end of the march commemorating the victims of the Holocaust, Budapest mayor Gergely Karácsony spoke of a divided country now giving itself a new chance to […]
The Hungarian Business Leaders Forum (HBLF) held its general meeting to elect new officers at a time when the responsibility of business leaders extends beyond economic performance: trust, ethical conduct, and value-based decision-making have become fundamental prerequisites for competitiveness, according to a HBLF statement. The business leaders’ community, which looks back on more than three […]
Hungary's government has mandated the release of a further 575 million liters of motor fuel from strategic reserves in a decree issued in the latest issue of the official gazette Magyar Közlöny. The decree, by the economy and energy minister, István Kapitány releases 150 million liters of petrol and 425 million liters of diesel. According […]
Hungarian Nobel Prize-winning professor at the University of Szeged, Katalin Karikó, is pleased to accept the position of advisor to Health Minister Zsolt Hegedűs. That was announced by the university’s public relations office on Tuesday. The statement cited the biochemist as saying that "if the request is for my knowledge and experience, rather than my […]
Over the past five years, Danubius Hotels Plc. has spent a total of HUF 50 billion from its own funds on refurbishing its hotels, and the renovations are far from over. The hotel chain has 4,046 rooms across 16 hotels in Hungary; 70% of which have been completely renovated and are ready to welcome guests […]
Heineken® is inviting soccer and table football fans to an extraordinary record attempt on May 16, two weeks before the UEFA Champions League final in Budapest. The goal is for as many people as possible to play together at the country’s largest, 7.2-meter-long foosball table and thereby become 'Foosball Champions', the brewing company says in […]
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 […]
