Thanks to continuous restocking, by the second week of July, Hungary already had crude oil and fuel reserves equivalent to 87 days of imports, which is a major improvement compared to the low of 44 days recorded at the end of March, Minister of Economy and Energy István Kapitány has announced on social media. He […]
This Friday, the European Commission (EC) adopted a decision confirming Hungary's participation in the European Public Prosecutor's Office (EPPO), following Hungary's request to join it in May 2026, the Commission says in a statement on it website. With today's decision, Hungary will now be the 25th Member State to join the EPPO, reflecting its renewed […]
Around 200 civil and professional organizations have drafted proposals for climate legislation, the lawyer in charge of the initiative, Gábor Baranyai said at a press conference on Thursday. He stated the proposals, drafted with the help of 40 experts, would be submitted to the government. Marcel Szabó, a member of the Constitutional Court, said the […]
African drum rhythms, French chansons, Moroccan world music, street performances, and culinary delights await visitors on July 11 at the French Institute’s traditional Utcabál [‘Street Party’]. Organized to celebrate France’s National Day, this free event will once again transform the Danube embankment into an all-night cultural festival, the Institute says in a statement. For years, […]
Net revenue of the ornamental horticulture industry in Hungary reached HUF 20.8 billion in 2025, a report by the Institute of Agricultural Economics (AKI) shows. Nursery production accounted for HUF 13.0 billion of the total and potted plants, plants for planting and bulbs for HUF 6.1 billion. Cut flowers and foliage generated HUF 1.6 billion. […]
European Union ambassadors visited Pannonia Bio’s organic refinery in Dunaföldvár, central Hungary, as part of the opening program of the Irish EU Presidency. Ireland assumed the rotating presidency of the Council of the European Union on July 1. As part of one of the presidency’s first events in Hungary, nearly twenty EU ambassadors accredited to […]
The interim chief executive of Media Services Support and Asset Management Fund (MTVA), András Horváth, arrived at the MTVA headquarters in Budapest on Tuesday morning together with his interim leadership appointees, the MTVA Press and Marketing Office said in a statement on Tuesday. Their task is to review the operations of the public media, ensure […]
The financial and real estate broker DH Group delivered a record second quarter in 2026: despite the forint’s approximately 11% year-on-year appreciation against both the euro and the zloty, intermediated loan volumes grew so strongly that Group-level volumes exceeded HUF 400 billion for the first time in the Group’s history, with all three countries reaching […]
Output of Hungary's industrial sector edged down 0.4% year-on-year in May, a first reading of data released by the Central Statistical Office (KSH), and reviewed by MTI, on Monday shows. Output rose 5.4% when adjusted for the number of workdays. Output fell in most branches of manufacturing, KSH said. Among the biggest, output in the […]
Balaton Shipping Co. (Bahart), which is celebrating its 180th anniversary this year, is welcoming passengers through the end of August with extended peak-season service, a more frequent schedule, and popular program boats, the company informed MTI in a press release this week. The shipping company’s scheduled ferry services connect 16 towns around Lake Balaton, with […]
Innovation is the key to Hungary's future success and its most important resource, Minister of Science and Technology Zoltán Tanács said at the Demo Day of the Hungarian Startup University Program (HSUP) in Budapest on Friday. The government views science, innovation and technological development as strategic areas, the minister said. Hungary's long-term competitiveness is not […]
Hungarian oil and gas company MOL will launch a scheme dubbed MOL Plugee Partner Program supporting businesses that install new, high-capacity electric vehicle charging points with up to HUF 3.6 million per company, MOL said on Friday. The aim of the program is to increase the number of reliable, publicly available charging points at viable […]
Hungarian-owned Pek-Snack group, which makes frozen bakery products, had after-tax profit of HUF 619 million in 2025, up 5% from HUF 589 million a year earlier, the company told MTI. Revenue was HUF 12.7 billion, almost unchanged from a year earlier. Exports accounted for 42% of the total. Pek-Snack has an extensive franchise network. It […]
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 51.5 points in June, rising from 50.2 in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Wednesday. The PMI was over the 50-point threshold, signalling expansion in the manufacturing sector. Among the PMI sub-indices, the new orders index rose 3.7 […]
Zoltán Gazsi, the founder of the 'Day of Selflessness' initiative and former managing director of Eisberg Hungary, has passed away after a long illness borne with dignity. He appeared frequently in the pages of Diplomacy&Trade over the past 12 years. Zoltán Gazsi was 60 years old. Zoltán Gazsi graduated from the University of Agricultural Sciences […]
