According to K&H Bank’s ‘Secure Future’ survey, the proportion of middle-aged people who are most financially vulnerable has fallen to a historic low in Hungary, and Hungarians’ financial resilience has improved significantly over the past year, the bank said in a statement sent to MTI on Sunday. Last year, 42% of the population would have […]

Industries based on design are particularly vulnerable to counterfeiting: according to estimates, the fashion and apparel sector suffers annual losses of EUR 12 billion due to counterfeiting, while the handbag and jewelry sectors suffer losses of EUR 2.7 billion. In Hungary alone, counterfeit goods cause more than EUR 160 million in losses in design-based industries, […]

The national heat record in Hungary for June 20 was broken on Saturday at 37.1 degrees Celsius according to preliminary data, the weather service HungaroMet said on its sociuial media page. A temperature of 37.1 degrees Celsius was recorded in Aszód, near Budapest, on Saturday afternoon, the weather service said. They added that this also […]

Low-cost carrier Wizz Air will operate 1,200 flights a day across its entire network in the summer season, the company said in a statement. Wizz Air will add 15 new flights and 19 new aircraft, with capacity rising close to 3m this summer, up 30% from a year earlier. Based on the experience of recent […]

Passenger number at the Hungarian capital's Ferenc Liszt International Airport was at 1,822,483 in May, up by 7.1% compared to the same month a year earlier the facility's operator, Budapest Airport said in a statement this Friday. Most travellers arrived from London, Paris and Milan. The UEFA Champions League final was held in Budapest at […]

PHOENIX Pharma on Friday inaugurated a 6,550sqm logistics center in Győr (NW) Hungary built with investing HUF 8 billion of its own funds, MTI reports. PHOENIX Pharma board chairman Tamás Kaló said the center, established as a greenfield investment, serves the pharmacies, hospitals and the population of Győr-Moson-Sopron, Komárom-Esztergom, Veszprém and Fejér Counties. The base […]

Telecom service providers had revenue of HUF 339 billion in Hungary in the first quarter, with mobile voice and mobile internet services making up 59%, according to a summary published by the Central Statistics Office (KSH). Revenue from mobile voice and mobile internet services came to HUF 201 billion. Fixed internet services generated revenue of […]

This Wednesday, President Donald Trump of the United States and President Masoud Pezeshkian of Iran signed a memorandum of understanding aimed at ending the military conflict between the two countries. The agreement includes the reopening of the Strait of Hormuz, which could also ease the pressure on the global economy. This development is likely to […]

Singapore-based Vulcan Shield, which supplies high-temperature insulation solutions to a range of industries and is building a plant in Békéscsaba (SE Hungary), has started test production with 12 workers at a plant rented from Linamar Hungary, executive manager of the Hungarian unit, Lóránt Komjáti is quoted by MTI as saying. Speaking at a local council […]

According to Greenpeace Hungary, the Hungarian Bioculture Association and the Hungarian Nature Conservation Association, the government must make it clear that Hungary continues to support a GMO-free agriculture sector, the organizations said on Thursday. According to civil society groups, it was an “unexpected shift” that the Tisza MEPs voted in the European Parliament (EP) to […]

The government aims to support companies generating real added value for Europe and Hungary by creating a level playing field, Minister of Economy and Energy István Kapitány said in Gyor, at the launch of the serial production of Audi Hungaria's new MEBeco electric drive, on Thursday. MTI quotes István Kapitány as saying that the government […]

Hungarian e-commerce sales reached HUF 2,100 billion last year, up by 9.3% from 2024 and increasing tenfold compared to 2015, PwC Magyarország lead manager Norbert Madár said on Thursday citing the company’s report on the topic at an awards ceremony. As MTI reports, turnover of domestic e-retailers exceeded HUF 1,700 billion in 2025, a 4.2% […]

More than half of school students aged 7-10 years use some kind of financial app in their daily lives in Hungary, according to representative research presented at a joint press conference held by Erste and Visa. It was also revealed that parents believe ages of 7-10 years are the most appropriate for introducing children to […]

Hungarian Finance Minister András Kármán and Transportation and Investment Minister Dávid Vitézy have met with Matteo Patrone, the Vice President for Banking at the European Bank for Reconstruction and Development (EBRD) on Wednesday, the ministers said on social media. András Kármán said they discussed how the EBRD can contribute to restarting investments after the significant […]

One of the most ancient and prestigious Milanese Maisons officially opens in the Matild Palace hotel in Budapest, in the heart of Europe, according to a press release issued this Wednesday. Founded in 1817, Cova has represented for over two centuries the excellence of Italian elegance, craftsmanship and refined hospitality. The Maison was born in […]

The E.ON Hungária Group has commissioned a new 132/22-kilovolt transformer substation in Répcelak, W Hungary. The project, which was implemented with EU funding and cost approximately HUF 2 billion, improves the reliability of electricity supply for more than 15,000 customers in the northern part of Vas County. The investment was carried out as part of […]