Hungarian parliament approved the bill on Tuesday to establish the National Office for Asset Recovery and Protection (NVVH). The bill was passed with 143 votes in favor and 47 votes against. The explanatory memorandum to the legislation states that its purpose is to establish a legal framework that ensures the NVVH can effectively carry out […]
Lawmakers in Hungarian parliament on Monday elected Dr. Pál Sonnevend a Constitutional Court judge, with 138 votes in favor and 6 votes against. The new judge was elected in a secret ballot for a nine-year term. The election was necessitated by the ending of Csaba Hende's mandate as a judge following the 17th amendment to […]
The review of state-owned companies overseen by the Ministry of Economy and Energy is continuing, the ministry's head, István Kapitány, said in a social post on Saturday. The minister wrote that following the Eximbank review, "we are examining contracts and past decisions one by one, thoroughly, and in every case based on documents." He said […]
According to the latest MNB house price index by the National Bank of Hungary (MNB) for the second quarter of 2026, the annual growth rate in house prices has slowed across all types of settlements, the central bank reports on its website. In Budapest, following a 1.9% rise in the first quarter, house prices fell […]
Despite geopolitical risks, the oil price shock and the strengthening forint, assets held in Hungarian private banking accounts grew in the first half of the year. According to latest private banking survey by the financial website portfolio.hu, the total amount in the accounts of Hungary’s wealthy exceeded HUF 13,600 billion at the end of June. […]
Prime Minister Péter Magyar met in his office with Toshihiro Suzuki, the chairman-CEO of Suzuki Motor Corporation, on Thursday. Suzuki has been one of the most reliable foreign investors in Hungary since 1991, the prime minister said on social media. Péter Magyar added that he discussed further developments and investments with Toshihiro Suzuki, as well […]
Take-up on the industrial property market in and around Budapest reached 175,510 sqm in the second quarter, the Budapest Research Forum (BRF) said on Wednesday. New leases accounted for 18% of total demand, renewals for 44% and contracts for additional space for 12%. Pre-leases made up 26%. The vacancy rate in greater Budapest stood at […]
Hungary's first humanitarian aid package to earthquake-hit Venezuela has arrived in Caracas, Hungarian health minister Zsolt Hegedűs said on social media on Tuesday. The minister noted that over 5,000 people are known to have died in two quakes, measuring 7,2 and 7,5 on the Richter scale, on June 24, while over 16,000 people were injured. […]
Demand in the real estate market has been subdued this year, with sales volume down compared to last year; however, more properties priced above the average were sold in the first half of the year, real estate broker Duna House reported on Tuesday. According to their analysis, sales of residential properties priced above HUF 100 […]
“During this transitional period, I will do my utmost to carry out the duties entrusted to me in a balanced and impartial manner, serving the interests of the country.” That is according to Ágnes Forsthoffer, Speaker of the National Assembly who wrote this after Amendment 17 to the Fundamental Law entered into force with the […]
Hungarian students took home gold, silver and bronze medals from the 58th International Chemistry Olympiad held in Tashkent, Uzbekistan between July 10 and 19, Gábor Magyarfalvi, assistant professor and team leader told MTI. This year, 364 high school students from 92 countries participated in the event. János Elek, a student of Radnóti Miklos Secondary School […]
Nestle Hungária has confirmed it will shut down production at its factory in the Diósgyőr area of the city of Miskolc (NE Hungary) by year-end because of a decline in demand for seasonal chocolate figurines. Staff were informed of the decision early in July, Nestlé Hungária said. Talks on the sale of the factory and […]
Listed Hungarian insurer CIG Pannonia has signed a blanket purchase agreement on the acquisition of the Czech and Slovak businesses of YOUPLUS Assurance, based in Liechtenstein, the company said in an announcement on the website of the Budapest Stock Exchange. The acquisition will provide a "stable foundation" for CIG Pannonia's entry onto the Czech and […]
Deputy Prime Minister and Foreign Minister Anita Orbán represented Hungary at the official ceremonies in Paris to mark France’s national holiday, at the invitation of French President Emmanuel Macron, the foreign ministry said on Tuesday. Among the 35 countries that participated in this year's military parade, Hungary was also represented by over 15 soldiers of […]
German car maker Mercedes-Benz inaugurated an expansion at its manufacturing base in Kecskemét (C Hungary) this Monday to accommodate production of the electric C-Class model. Prime Minister Péter Magyar drove an electric model with Mercedes-Benz Group chairman Ola Kallenius to the site of the ceremony. On the way, Péter Magyar said the aim was to […]
