S&P Global Ratings affirmed its 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Hungary in a scheduled review, the outlook remains negative, MTI reports. "The negative outlook reflects our view of risks to Hungary's fiscal and economic stability over the next two years. Large budgetary deficits, high debt, and elevated interest […]

Hungary had a EUR 104 million trade surplus this April, data released by the Central Statisticals Office (KSH) and reviewed by MTI show. Exports rose 6.4% year-on-year to EUR 13.178 billion. Imports climbed 16.4% to EUR 13.074 billion. Trade with other European Union member states accounted for 74% of Hungary's exports and 69% of its […]

Budapest Airport, the operating company of the Hungarian capital's Ferenc Liszt International Airport, successfully applied for the European Union’s support program with its AIR-PRON project, which aims to make ground handling operations more sustainable and reduce carbon dioxide emissions, by developing the electrical power supply and charging infrastructure, the operator company says on its website […]

The football European Champions League Final, held in Hungary for the first time, stands out even among this year’s other major events (e.g. the Hungarian Formula 1 Grand Prix, the World Athletics Finals) as an exceptional sporting occasion with significant economic impact, the Budapest-based economic research institute GKI says. According to the institute's estimates, the […]

The Hungarian capital is a partner and ally to the central government in ensuring that the EU funds finally arriving in Hungary are used wisely and for the future, Budapest Mayor Gergely Karácsony said in a social media post reviewed by MTI. "The return of EU funds is a big deal and a real cause […]

"We have agreed with the President of the European Commission on the release of EUR 16.4 billion, approximately HUF 6,000 billion, in EU funds," Hungarian Prime Minister Péter Magyar announced in Brussels on Friday, MTI reports. At a joint press conference with President of the European Commission Ursula von der Leyen, Péter Magyar said one […]

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 […]

Industrial producer prices were 0.3% higher on average in Hungary in April 2026 than in the same period of the previous year. Domestic output prices increased by 2.2%, while non-domestic output prices lessened by 0.5% compared to April 2025, the country's Central Statistical Office (KSH) reports. Compared to the previous month, domestic output prices remained […]

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 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, […]