The ZalaZONE automotive test track, located in SW Hungary, will be re-nationalized from July at the latest, Márta Nagy, an MP of the governing Tisza Party said on social media on Wednesday, MTI reports. The ZalaZone is expected to be overseen by the Ministry of Science and Technology, although there is no final decision yet, […]
Hungary took 14th place on the 2025 International IP Index ranking of the US Chamber of Commerce, the Hungarian National Intellectual Property Office (SZTNH) said on Wednesday. Hungary has moved up one place in the ranking compared to 2023 and 2024, and is ahead of regional countries like Austria, Poland and Ukraine, SZTNH noted. Progress […]
Hungary’s GDP could grow by 1.5% this year and inflation could average 2.3%, ING Bank chief analyst Péter Virovácz said on Wednesday presenting the lender’s latest forecast. Péter Virovácz said GDP growth would be supported by consumption in 2025. By next year all segments of the economy could contribute to growth, bringing more balanced expansion […]
Hungarian Parliament passed legislative amendments on Tuesday to scrap motor fuel price caps. The amendments to the acts on the establishment of prices and the security stockpiling of imported crude oil and petroleum products were passed with 130 votes in favor, 36 votes against and five abstentions. Minister of Economy and Energy István Kapitány, the […]
The E.ON Hungária Group has commissioned a new 132/22-kilovolt transformer substation in Répcelak, W Hungary. The project, which was implemented with EU funding and cost approximately HUF 2 billion, improves the reliability of electricity supply for more than 15,000 customers in the northern part of Vas County. The investment was carried out as part of […]
Hungarian citizenship was sold to Canadians for tens of thousands of dollars with the knowledge and support of leading Hungarian politicians during the previous government, György László Velkey, state secretary at the foreign ministry, said on Facebook on Tuesday, outlining the findings of an investigation conducted by his office. Velkey announced last Friday that an […]
Hungary's national interest will always be a priority, and the government will advance its interests within its system of alliance, Foreign Minister Anita Orbán said in an interview ahead of the European Union foreign ministers' meeting in Luxembourg on Monday, adding: "Hungary will once again behave like a European country." She emphasized that at the […]
First-quarter sales of new farm machinery in Hungary rose 44% year-on-year to HUF 54.3 billion, a report by the Institute of Agricultural Economics (AKI) shows. Individual farms and agricultural cooperatives purchased new agricultural machinery and equipment worth HUF 54.3 billion during the first three months of this year, and spent HUF 24.5 billion on spare […]
According to K&H’s SME Confidence Index, labor market planning for the coming period among company executives is characterized by a wait-and-see attitude and heightened caution; they are striving for stability in workforce levels, while a decline is observed in salaries and fringe benefits, and wage growth expectations have fallen to levels not seen since 2021, […]
The previous government has treated the situation of Hungarian families, especially families with multiple children, as a priority since 2010. This also brought about a paradigm shift, shifting to a policy that encourages childbearing and aims to achieve demographic goals, in which they emphasized the role of work alongside the family. This resulted in a […]
This year, even more children from disadvantaged backgrounds will have the opportunity to find a sense of community, self-confidence, and a vision for the future through sports. The opportunity-creating sports program of Provident Financial Ltd. and the Hungarian Interchurch Aid is entering a new phase: Dream Championship 2.0 now supports young people living in disadvantaged […]
Amnesty International Hungary has urged the government to introduce the EU's pay transparency rules, MTI reports. In a statement on Sunday, the organization noted that the 2023 European Union directive, aimed at eliminating the gender pay gap, requires member states to take steps to ensure pay transparency to address the disparity between men and women. […]
The Hungarian Chamber of Engineers considers the government's plan to tighten battery manufacturing industry regulations to be professionally sound, the chamber told MTI. The chamber said the government’s decisions – setting out a national inspection plan, comprehensive inspection of priority facilities, development of a new regulatory concept, and renewal of the environmental liability system – […]
Architects, contractors and developers from all over Europe have gathered in Budapest for the Baumit Life Challenge 2026 awards gala. The Hungarian capital proved to be the perfect venue. Just as the Danube connects many of Europe’s cities, the Baumit Life Challenge brought together the continent’s most outstanding façades, the organizers said in a statement. […]
Nearly one hundred seniors participated in the joint Senior Academy program organized by Provident Financial Ltd. and Semmelweis University in Szolnok. The goal of the event was once again to provide the older generation with practical knowledge to help them manage financial, health, and digital challenges, thereby contributing to their sense of security and independence […]
