Hungary’s war-related state of emergency, in place for four years under former PM Viktor Orbán, officially ends on Thursday, Prime Minister Péter Magyar said on social media. "With this, we are also saying goodbye to the decree-based governance introduced six years ago. We are returning to normalcy, he added. "With this, we are also bidding […]

Talent is evenly distributed across society: in every town and in families of all social and economic backgrounds, there are talented young people. Access to opportunity, however, is far from equal. This structural challenge is the focus of a campaign launched by the Hungarian Business Leaders Forum (HBLF) on the occasion of the International Roma […]

Listed building materials maker Masterplast had first-quarter after-tax profit of EUR 1.9m, improving from a loss of EUR 2.2 million in the base period, an earnings report released ahead of the opening bell on Thursday shows. In the first quarter of 2026, Masterplast achieved consolidated revenue of EUR 57,4 million, representing the third highest quarterly […]

The volume of industrial production in Hungary grew by 6.7%, based on working-day adjusted data it rose year-on-year by 3.7% in March 2026, data released by the Central Statistical Office (KSH) shows. A production increase occurred in the great majority of the manufacturing subsections. According to seasonally and working-day adjusted data industrial output was 3.1% […]

Following the presentation of letters of credence on May 12 and the ceremonial swearing-in ceremony held at the Parliament Building, the new TISZA government was officially formed at midnight on the 13th. This is the fastest government formation since the regime change of 1989-90: just one month after the historic election victory on April 12, […]

Hungary's GDP growth could reach 1.8% in 2026 and accelerate to 2.6% in 2027, CIB Bank chief analyst Mariann Trippon said at a press conference on Wednesday. Mariann Trippon said consumption could drive growth, while investments stabilized. She added that the arrival of European Union funding would support investments from the autumn, at the earliest, […]

Battery manufacturer EVE Power Hungary Ltd. has officially joined the Hungarian Battery Association (HUBA). With this move, the company has reaffirmed its earlier commitment to dedicate the year 2026 to strategic partnerships, with a focus on research and development, regulatory dialogue and enhancing public education. EVE Power Hungary’s recruitment drive in Debrecen (E Hungary), launched […]

With its rich cultural heritage, Mediterranean climate and diverse tourism offering – from historic cities and vibrant cultural life to gastronomy and world-class diving –, Malta continues to reinforce its position as an ideal year-round destination. The latest results presented by the Malta Tourism Authority highlight not only strong growth, but also a clear strategic […]

Belgian universal multi-channel bank-insurer KBC booked a EUR 30 million first-quarter loss at its banking and insurance business in Hungary as a windfall profit tax weighed, the lender said in an earnings report released on Tuesday. KBC booked EUR 215 million in banking and insurance taxes at the business – the full-year amount – up […]

First-quarter net income of Magyar Telekom rose 9% year-on-year to HUF 59.0 billion as margins widened and financial losses narrowed, an earnings report released after the closing bell on Tuesday shows. Revenue edged down 2% to HUF 238.1 billion. Direct costs dropped 10% to HUF 82.7 billion, lifting gross profit 4% to HUF 155.3 billion. […]

The sixteen ministers of the Tisza government took their oath of office on Tuesday afternoon in parliament. At the parliamentary session, Prime Minister Péter Magyar introduced the ministers who then took their oath in a ceremony before the historic flags and signed the relevant documents. He described the task ahead for his government as "work […]

Hungarian Nobel Prize-winning professor at the University of Szeged, Katalin Karikó, is pleased to accept the position of advisor to Health Minister Zsolt Hegedűs, the university’s public relations office said on Tuesday. The statement cited the biochemist as saying that "if the request is for my knowledge and experience, rather than my name, then I […]

It was just last year that the Saint James Vision & Aesthetics Center opened in Budapest's 3rd District with the Maltese Saint James Hospital Group venturing into the field of aesthetics. The CEO of Saint James Hospitals & Clinics, Jean Claude Muscat tells Diplomacy&Trade how the Group, present in Hungary now for 17 years, has […]

First-quarter net income of Hungarian pharmaceutical company Gedeon Richter fell 4% year-on-year to HUF 65.3 billion as operating profit stagnated and net financial gains narrowed, an earnings report published ahead of the opening bell on Tuesday shows. Revenue edged down 2% to HUF 220.2 billion, impacted by the continuing trend of the weaker dollar and […]

The Hungarian Advertising Association and its partner organizations welcome the fact that, among its first measures, the incoming Tisza government has maintained the zero-percent advertising tax rate by elevating emergency regulations to the level of law; at the same time, the organization is calling for the abolition of this tax, the Hungarian Advertising Association told […]

Over the past five years, Danubius Hotels Plc. has spent a total of HUF 50 billion from its own funds on refurbishing its hotels, and the renovations are far from over. The hotel chain has 4,046 rooms across 16 hotels in Hungary; 70% of which have been completely renovated and are ready to welcome guests […]