First-quarter revenue from premiums of Hungarian insurers rose 8% year-on-year to HUF 275.6 billion, fresh data compiled by the National Bank of Hungary (MNB) show,…

The National Bank of Hungary (MNB) on Tuesday approved a mandatory public purchase offer for the outstanding shares of holding company Altera by Wallis Asset…

In April 2018, the volume of industrial output increased by 7.8% year-on-year, according to a first estimate by the Central Statistical Office (KSH). Based on…

German carmaker Daimler laid the cornerstone of a EUR 1 billion plant at its base in Kecskemét (92 km southeast of Budapest) yesterday. Production at…

Diego Rango dʼAragona took over in May at the Hungarian branch of sports retail company Decathlon. He succeeds Gábor Pósfai in the position. Powered by…

The Culinary Institute of Europe is launching a one-year professional culinary arts training program. Registration is now open for the September course. Powered by WPeMatico

Holding company Plotinus announced on Monday the launch of a share buyback program as part of the gradual delisting of its shares from the Budapest…

The Government Debt Management Agency (ÁKK) sold HUF 75 billion of discount three-month T-bills at auction on Tuesday, raising its original offer by HUF 25…

Retail sales in Hungary rose 4.3% year-on-year in April, the Central Statistical Office (KSH) said in a first reading of data on Tuesday. Growth slowed…

The volume of gross domestic product was 4.4% higher in Hungary in the first quarter of 2018 than in the corresponding period of the previous…

Holding company Konzum said Tuesday it has agreed to acquire a 45% stake in KALL Ingredients, and to transfer the stake as a contribution in…

Non-financial companies were net borrowers of HUF 51 billion in April, lifting Hungarian banksʼ corporate lending stock to HUF 6.78 trillion, show monthly data released…

The owners of brewery Hara’Punk Brewing and coffee house A Kávé Háza will talk about their paths to success and responsible financial decisions at an…

Hungaryʼs seasonally adjusted Purchasing Managersʼ Index (PMI) rose to 55.4 points in May, up from 53.3 points in April, state news wire MTI reported.  An…

Hungarian low-cost airline Wizz Air added the 100th aircraft to its fleet in Budapest on Monday. Wizz Air has committed orders for a further 268…

Hungarian low-cost airline Wizz Air added the 100th aircraft to its fleet in Budapest on Monday. Wizz Air has committed orders for a further 268…

Marking the last month of its 2017/18 season, the Máv Symphony orchestra gave free concerts at several Budapest locations from 3 p.m. on Saturday (June…

The newly built production hall of Danish-owned medical products company Coloplast was inaugurated in Nyírbátor (265 km east of Budapest) on May 25, marking the…

The Government Debt Management Agency (ÁKK) sold HUF 50.0 billion of discount six-week “liquidity” T-bills at auction on Monday, in line with the original offer….

The Tihany Center for Political Analysis has announced a seminar for students entitled “Political parties, tendencies and challenges in Europe in the 21st century” from…

In March 2018, the export volume decreased by 3.2% and import volume by 0.5% year on year. The surplus was EUR 567 million, EUR 255…

The Hungarian Parliament will discuss on Tuesday the bill dubbed “Stop Soros”. The aim of the law is to defend the national sovereignty and prohibit…

The General Data Protection Regulation (GDPR) came into force on May 25 and introduced unified EU rules on personal data protection. Powered by WPeMatico

German engineering giant Boschʼs turnover in Hungary rose 13% to HUF 1.304 trillion last year, and it also targets double-digit revenue growth this year, the…

A new Hungarian energy drink, Skybaby, will be available commercially from this month, coming in three flavors. Powered by WPeMatico

The European Commission has announced EUR 265 million in Cohesion Fund support for the construction of a section of motorway connecting Budapest with the Romanian…

German companies operating in Central and Eastern Europe are satisfied with the economic situation, according to a recent study conducted by the German Chamber of…

Hungarians spent on average HUF 82,900 last year. Most of this was spent on utilities and food, but expenses were higher in all categories –…

Kalunba, an organization dedicated to providing assistance to refugees, is to organize language courses for the expat community, as its funding dwindles. Powered by WPeMatico

The fourth Italian Festival opened in Budapest on May 30, with events promoting a variety of products from Italy, and due to run until June…

The Government Debt Management Agency (ÁKK) sold a combined HUF 40.0 billion of securities at auction on Thursday, HUF 5 bln less than planned, state…

The 2017 Sauska Rosé of Villány has been selected as “Best in Show” wine at The Rosé Competition 2018, under the auspices of the American…

Industrial producer prices were 2.7% higher in April 2018 than in the same month of the previous year. Domestic output prices increased by 3.2% on…

Benjámin Lakatos, the CEO of energy trader MET Group, has bought out his partners in the company to become majority owner. Lakatos had held a…

György Mosonyi, chairman of the supervisory board of Hungarian oil and gas company MOL, and a former CEO who oversaw a period of dynamic growth…

The dynamic expansion in investments that characterized 2017 has persisted into the first quarter of 2018. The volume of investments in the current quarter exceeded…

With current market capitalization of around USD 377 billion, Bitcoin and other cryptocurrencies cannot be ignored anymore. While institutional investors seem to have caught on…

In its biannual Economic Outlook released on Wednesday, the Organisation for Economic Co-operation and Development (OECD) has raised its GDP growth forecasts for Hungary both…

BlabDroids are tiny cute robots asking strange questions such as: “What would you do if there were no laws?” Terrible question for a lawyer, but…

The European Commission is allocating cohesion funds of EUR 17.9 billion to Hungary at 2018 prices in its EU budget proposal for the period 2021-2027,…

The Hungarian government introduced a new R&D cash incentive under its VIP cash grant system for large enterprises in 2017 in order to promote the…

The Government Debt Management Agency (ÁKK) exchanged three-year bonds maturing in 2019 and 2020 for HUF 16.0 billion of ten-year securities maturing in 2026 at…

In the first quarter of 2018, the number of live births was down 1.9% and the number of deaths 6% fewer than in the corresponding…

Net sales revenues of state-owned railway company MÁV totaled HUF 152 billion in 2017, little changed from the previous year, an annual report posted as…

The stock of Hungarian lendersʼ outlays of certified “consumer-friendly” home loans is expected to climb over HUF 100 billion by the end of May, the…

A Chinese street food market has opened in Kőbányaʼs Monori Center in District 10 of Budapest. A total of eight food stands serve an array…

Hungaryʼs Magnus Aircraft topped out a HUF 5.2 billion plant it is building in Pécs (SW Hungary) on Wednesday.  The plant is expected to be…

The National Bank of Hungary (MNB) generated HUF 38.3 billion profit in 2017, and, under the decision of its board, the full amount of the…

Minister of Foreign Affairs and Trade Péter Szijjártó met U.S. Secretary of State Mike Pompeo in Washington on Wednesday. Statements released after the meeting indicated…

The government has submitted an amendment to the law on informational self-determination and freedom of information which stipulates that small and medium-sized enterprises (SMEs) would…

France’s largest poultry processor, LDC, will acquire Hungarian group Tranzit, LDC announced today. The acquisition will provide the company a production base in Hungary for…

The government submitted a modified version of a bill intended to crack down on NGOs that allegedly support illegal migration to Parliament on Wednesday. The…