Hungary's tourism sector generated 10.2% of GDP, including multiplier effects, in 2025, a report by the Central Statistical Office (KSH), reviewed by MTI, shows. Presenting the report on Tuesday, Tamás Tóth, the office's deputy head, noted that the tourism sector was the biggest contributor to Hungary's surplus in trade of services and accounted for the […]

ContiTech Rubber International Ltd. has started recruiting more staff for its business service centre in Szeged (SE Hungary), the local unit of Germany's ContiTech said on Monday. ContiTech Rubber International Ltd. plans to hire 130 more white-collar workers at the BSC by the end of 2027, for positions in sales, business development, supply chain, engineering, […]

MVM Démász and MVM Émász, regional electricity distributors of state-owned energy group MVM, have completed HUF 55 billion of grid upgrades, the companies said on Monday. Half of the investment cost was covered by state funding and the European Union's Recovery and Resilience Facility (RRF). MVM Démász, the distributor for the south of the country, […]

Companies invest significant resources in improving efficiency: processes, costs, teams and tools are constantly optimized. Yet one area is still often overlooked: the way meetings are organized. The real cost of a meeting is rarely the venue, catering or technology. More often, it is time. A two-hour meeting is almost never just two hours. Travel, […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 135,725.68 points, up 1.54%, or 2,053 points, from last Friday’s close. Total trading volume on the stock market fell to HUF 101.932 billion from HUF 121.467 billion the previous week, with leading stocks gaining ground, with the exception of Mol. Trading was […]

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 […]

The strengthening of ties between the two peoples will make Sino-Hungarian relations even more resilient. That is according to China’s ambassador to Hungary, Gong Tao, who is of the opinion that since the establishment of diplomatic relations 77 years ago, Sino-Hungarian relations have developed in a healthy and stable manner, regardless of changes in the […]

In a series of articles, GKI Economic Research Co., presents the short- and long-term economic challenges facing the new Hungarian government. This week, they examine the situation of Hungarian pensioners, with a European perspective. The researchers recall that in Hungary, the nominal average pension has increased by 131% since 2012, but this initially favorable figure […]

Output of the automotive industry, Hungary's biggest manufacturing sector, rose 8.0% year-on-year in April, a detailed reading of data released by the Central Statistics Office (KSH) on Friday shows. The automotive segment accounted for 27% of manufacturing output during the month. Output of the computer, electronics and optical equipment segment, which accounted for 13% of […]

Summer passenger numbers at the Hungarian capital’s Ferenc Liszt International are expected to climb over last year's 5.5 million, Francois Berisot, the CEO of the operator company Budapest Airport, told journalists on Friday. Forty-nine airlines are offering flights to 166 destinations from this airport this summer, Francois Berisot is quoted by MTI, highlighting new direct […]

Ganz Transformers and Electric Rotating Machines has wound up a close to HUF 5 billion development project at its base in Tápiószele (E Hungary), the company said on Friday. As MTI reports, Ganz Electric upgraded its production equipment and expanded its capacity to deliver bespoke engineering solutions, paving the way for a bigger order book. […]

Budapest aims to be among the leading European sports capitals, Hungarian Interior Minister Gábor Pósfai, told the 55th General Assembly of the European Olympic Committee (EOC) in Budapest on Friday. Quoted by MTI, the minister, whose portfolio includes sports affairs, said the assembly was an excellent opportunity to "show the strength of sports, strengthen international […]

Output of Hungary's construction sector rose 2.6% year-on-year in April, data released by the Central Statistical Office (KSH) on Friday show. Construction sector output increased at the same pace when adjusted for the number of workdays. Output of the buildings segment fell 6.2% but civil engineering output climbed 13.9%. In absolute terms, construction sector output […]

Hungary has officially submitted its recovery and resilience plan to the European Commission, a plan to amend certain laws necessary for accessing European Union funds withheld during the previous Hungarian administration. Amending those regulations will be on the agenda of Hungarian Parliament’s extraordinary session next Tuesday. “Bringing home EU funds” was one of the most […]

A 16-year-old Hungarian student has written a compelling novel tackling one of the most difficult issues affecting young people today. 'The Convicted Boy' tells the story of a school shooting from the perspective of the perpetrator, exploring the emotional and psychological factors that could drive a teenager to commit such a tragic act. Written under […]

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, […]