Hungarian households’ net financial savings as a percentage of GDP stood at 4.6% in 2025, which continues to exceed the averages of regional and EU countries, the National Bank of Hungary (MNB) reports. Households’ net financial wealth continued to grow over the course of last year, reaching 117% of GDP by year-end. To ensure sustainable […]
For Cordia International SE, the developer of residential properties and seller of residential units, 2025 was a year of very strong operational performance, reaffirming the resilience of the company's strategy and the sustained demand for high quality residential developments across its markets. Tibor Földi, Chairman of the Board, Cordia International SE stated in a report […]
Balázs Horváth, a journalist for the Hungarian business news portal Economx, received the HUF 1 million grand prize in Provident Financial Ltd.’s “Provident Press Award for the Invisible” competition. The award, presented at a formal ceremony, was granted based on the decision of a professional jury to the professional who most authentically and effectively drew […]
The number of days it took homes in Hungary to sell after they were listed averaged 95 days in January-April, up from 84 days in the same period a year earlier, real estate broker Duna House said on Tuesday. This turn is also indicated by longer sales cycles and a shift in market conditions that […]
Katalin Karikó, the first Hungarian woman to win a Nobel Prize, will be awarded an honorary doctorate in Oxford in June and at two American universities in May, the Public Relations Office of the University of Szeged (SZTE) informed MTI on Monday. According to the announcement, Katalin Karikó, a professor at SZTE, will be among […]
Ball Corporation, a global manufacturer of sustainable aluminum packaging, is expanding its workforce at its recently acquired plant in Makó, SE Hungary, the company’s communications partner informed MTI. According to the announcement, the local company Ball Italcsomagoló Magyarország [Drink Packaging Hungary] Ltd. plans to hire more than forty new employees in the first phase, with […]
The jobless rate in Hungary for people between the ages of 15 and 74 stood at 4.5% in March, data released by the Central Statistics Office (KSH) on Friday show. The rate was up from 4.3% in March 2025, but down from 4.8% in February. In absolute terms, there were 219,000 unemployed in March. The […]
The Property Developers Roundtable Association (IFK) is hoping the new Tisza government’s economic policy directions will include a predictable and stable regulatory environment and is focusing on future professional cooperation with it, the association told MTI. IFK said development decisions are made several years in advance, so predictable and sustainable economic conditions are key for […]
Rába will not pay dividends and will allocate last year’s profit to retained earnings, the Győr-based vehicle manufacturer announced on the Budapest Stock Exchange’s website following its annual general meeting. The decision is in line with the proposal of the board of directors of Rába Automotive Holding Plc. The general meeting made this decision based […]
The number of new passenger car registrations in Hungary rose 10.8% year-on-year to 36,455 in January-March, data compiled by the European Automobile Manufacturers' Association (ACEA) show. Hybrid electric and plug-in hybrid vehicles accounted for 62% of sales, cars with petrol engines made up 20% and vehicles with diesel engines 9%. Fully-electric vehicles accounted for close […]
Hungary's commercial property market is past its cyclical low point, but weak economic growth is holding back a recovery and geopolitical uncertainty is weighing on outlooks, the National Bank of Hungary (MNB) said in a report on the market released on Tuesday. The report augurs an increase in the vacancy rates on the office and […]
HungaroMet, the national weather service, on Tuesday said it will establish Hungary’s first climate adaptation network to support the European Union's Mission on Adaptation to Climate Change. The network aims to foster broad cooperation by connecting sectoral and regional stakeholders, they said. The initiative, part of the EU-funded AdaptationHubs project, will align with similar networks […]
According to the Hungarian Association of Digital Companies (IVSZ), Hungary’s future depends on the knowledge-based transition. In its statement, the organization announced that, as a professional partner, it supports decisions that can make the country one of the region’s leading technology hubs. The statement quotes IVSZ president Balázs Vinnai who said that failing to achieve […]
Economic research institute Kopint-Tárki is predicting that GDP could grow by 2% this year, the head of the institute, Éva Palócz has announced. The institute sees inflation averaging 3.5% in 2026. According to the macroeconomic report published by Kopint-Tárki, the change in government is "creating a new economic framework." The investment-stimulating effect of European Union […]
A measure of business confidence by the Confederation of Hungarian Business (VOSZ) rose to 54% in the first quarter, Ákos Kozák, the director of the Balance Institute, which helps prepare the index, announced. Among the sub-indices of the VOSZ Barometer, the measure of business sentiment rose 3 percentage points from the previous quarter to 61%. […]
