Analyzing the prospects of adopting the euro, along with its potential advantages and disadvantages, a new research study examines the impact that Hungary’s joining the monetary union would have on domestic interest rates. In line with global and European trends, interest rates in Hungary remained low during the second half of the 2010s. The 10-year […]

The number of guests at commercial and private tourism accommodations in Hungary edged down 1.0% to 1,446,000 in April from the same month a year earlier, while the number of guest nights dropped 4.0% to 3,317,000, according to data released by the Central Statistical Office (KSH) and reviewed by MTI. The number of domestic guests […]

The number of new passenger car registrations in Hungary rose 10.5% year-on-year to 48,291 in January-April, data compiled by the European Automobile Manufacturers' Association (ACEA) show. Hybrid electric and plug-in hybrid vehicles accounted for 61% of sales, cars with petrol engines made up 20% and vehicles with diesel engines 9%. Fully-electric vehicles accounted for close […]

Magyar Suzuki Plc. has had a balanced, stable year, successfully maintaining its position in the Hungarian automotive market in 2025, Fumito Sakai, CEO of Magyar Suzuki Plc., said in his assessment of the past year at a press conference in Budapest on Thursday. Last year, the company's Esztergom plant produced 108,072 cars, and the company […]

The Balaton region has won the International Travel Awards’ “Best Family Destination in Europe” award, which serves as international recognition that Lake Balaton is now one of Europe’s most comprehensive and livable family-friendly tourist destinations, VisitBalaton365 informed MTI on Thursday. Thanks to the region’s deliberate destination development efforts in recent years, as entered by VisitBalaton365, […]

The economic sentiment index improved in the eurozone and the European Union in May compared to the previous month, while it deteriorated in Hungary, according to final data released Thursday by the European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN). As MTI reports, the Economic Sentiment Indicator (ESI) improved to 93.5 points in […]

The jobless rate in Hungary for people between the ages of 15 and 74 stood at 4.5% in April, according to data released by the Central Statistics Office (KSH) on Thursday and reviewed by MTI. In absolute terms, there were 216,000 unemployed. The number of employed reached 4,619,000. The three-month rolling average for the number […]

After-tax profit of Zwack Unicum, Hungary's biggest spirits maker, rose 6% to HUF 3.2 billion in its business year ended March 31, an earnings report published on Wednesday shows. As MTI notes, sales, net of excise tax and a DRS deposit fee for bottles, edged up 2% to HUF 24.4 billion. Sales of premium products […]

Hungarian Parliament, in an exceptional procedure on Wednesday, adopted with 133 votes in favor, 37 against and five abstentions the law on the revocation of Hungary's withdrawal from the Rome Statute of the International Criminal Court and from the Agreement on the Privileges and Immunities of the International Criminal Court. As MTI reports, the legislation, […]

The National Bank of Hungary (MNB) issued a commemorative coin for the 175th anniversary of the establishment of the Hungarian Chamber of Commerce and Industry (MKIK) on Wednesday. Central bank governor Mihaly Varga acknowledged the important role MKIK plays fostering ties between business sectors and said the commemorative coin signalled commitment to professional solidarity among […]

Passenger traffic at the Ferenc Liszt International Airport of the Hungarian capital remained stable in April; the airport handled 1,675,522 passengers, representing a 0.7% increase compared to the same period last year, the airport operator Budapest Airport says in a statement. In the first four months of the year, a total of 5,831,907 passengers passed […]

An exhibition showcasing the relationship between Pablo Picasso and Hungarian visual artists will open on June 20 at the Móra Ferenc Museum in Szeged, Director Ottó Fogas has announced. At a press conference about the exhibition, the curator explained that the exhibition, which opens on Museum Night, will feature not only works by Pablo Picasso […]

Close to 4,000 police officers will be on duty to ensure public safety on the day of Saturday’s UEFA Champions League final in the Ferenc Puskás Stadium in Budapest, Zoltán János Kuczik, the deputy of the national police chief said on Tuesday, MTI reports. He told a press conference that fans of Paris Saint-Germain (PSG) […]

A new electricity storage system with a capacity of 3 megawatt-hours (MWh) has been built in Baja at a cost of approximately HUF 550 million, according to a statement provided to MTI by the investor, Merital Property Management Ltd. According to the announcement, the company received a non-repayable grant of HUF 202.5 million for the […]

The Association of the Hungarian Automotive Industry (MAGE) has renewed its leadership; based on a decision by the general assembly, Róbert Krisztián, representing Magyar Suzuki Plc, will continue his work as president, while Zoltán Gábor, representing Deloitte Plc, was elected chairman of the supervisory board, the association informed MTI in a statement on Tuesday. According […]

According to estimates by the McKinsey Global Institute, artificial intelligence could bring at least EUR 15 billion in automation potential to the Hungarian economy by 2030, which corresponds to 6-7% of GDP, but the total impact on the national economy could be greater if increased productivity also enhances the economy’s regional competitiveness. According to a […]