Japanese car maker Suzuki is set to invest HUF 76 billion into manufacturing of electric vehicles and battery packs at its base in Esztergom, the Hungarian Minister for Economy and Energy István Kapitány said in a social media post on Friday. The minister noted that, along with Prime Minister Péter Magyar, he met Toshihiro Suzuki, […]

The 35th Valley of Arts Festival, opening on Friday in several villages in the northern Balaton region, will feature 4,000 programs until August 2, including theater performances, concerts, children’s activities, guided tours, craft workshops and events focused on nature conservation. Andrea Rost, the government commissioner responsible for Hungarian music culture, said at the official opening […]

The jobless rate in Hungary for people between the ages of 15 and 74 stood at 4.4% in June, data released by the Central Statistical Office (KSH) on Friday show. In absolute terms, there were 214,100 unemployed. The number of employed reached 4,645,800. The three-month rolling average for the number of employed reached 4,632,800, 27,900 […]

Business and consumer sentiment in Hungary improved in July, a monthly gauge by economic research institute GKI shows. GKI's business confidence index rose by three points and the consumer confidence index climbed by two points, edging into positive territory, chief researcher Raymund Petz said. He acknowledged the advance of the business sentiment index in April, […]

Despite geopolitical risks, the oil price shock and the strengthening forint, assets held in Hungarian private banking accounts grew in the first half of the year. According to latest private banking survey by the financial website portfolio.hu, the total amount in the accounts of Hungary’s wealthy exceeded HUF 13,600 billion at the end of June. […]

Foreign Minister Anita Orbán received the heads of mission of the Association of South-East Asian Nations (ASEAN) in Budapest on Thursday, the Foreign Ministry said in a statement. The parties reaffirmed their commitment to strengthening relations between Hungary and ASEAN, as well as its member states, and reviewed bilateral diplomatic, economic, cultural, and higher education […]

Prime Minister Péter Magyar met in his office with Toshihiro Suzuki, the chairman-CEO of Suzuki Motor Corporation, on Thursday. Suzuki has been one of the most reliable foreign investors in Hungary since 1991, the prime minister said on social media. Péter Magyar added that he discussed further developments and investments with Toshihiro Suzuki, as well […]

The Recirquel circus company is returning to the Sziget Festival this year with a new large-scale production created for the event where its international success story began 14 years ago. Their show, Liberty Love Rave, will run five times between August 11 and 15 on the Le Grand Theater stage. Speaking at a press rehearsal […]

Hungary's Puli Space Technologies said on Thursday that it signed a memorandum of understanding with US-based Mission Space to explore joint lunar surface missions. The joint lunar missions would use Puli Space's rover platform and Mission Space's lunar environmental monitoring instruments. The MoU follows Mission Space's recent selection by NASA to advance its lunar dust […]

The value of public procurement contracts in Hungary fell 31% year-on-year to HUF 1,877.8 billion in the first half, a report published by the Public Procurement Authority shows. The number of contracts rose 7% to 8,288 during the period. Construction contracts accounted for 26.3% of the value of public procurements and orders of goods for […]

Take-up on the industrial property market in and around Budapest reached 175,510 sqm in the second quarter, the Budapest Research Forum (BRF) said on Wednesday. New leases accounted for 18% of total demand, renewals for 44% and contracts for additional space for 12%. Pre-leases made up 26%. The vacancy rate in greater Budapest stood at […]

Hungary's HUN-REN Alfréd Rényi Institute of Mathematics will become part of a new Max Planck Center (MPC) for mathematical sciences, alongside Yale University and Germany's Max Planck Institute for Mathematics in the Sciences, the Alfréd Rényi Institute said on Wednesday. The Max Planck Center is one of the highest-level international collaborations within the Max Planck […]

MOL Plc. has notified the capital markets on the website of the Budapest Stock Exchange that according to Act XVIII of 2026 on the amendment of certain laws required for access to European Union Funds, non-university related public interest trusts performing public duties (hereinafter: KEKVA) shall be dissolved by July 31, 2026. "According to the […]

Wines from the Mura region in southwest Hungary, close to the borders with Croatia and Slovenia, have been added as a Protected Designation of Origin (PDO) in the European Union's eAmbrosia database, the European Commission said on Wednesday. The reputation and quality of the wine are closely linked to the geographical environment of the region […]

The Hungarian government decided last week to launch a HUF 3,500bn, ten-year railway development plan, Prime Minister Péter Magyar said at a press conference this Wednesday. The prime minister stated that the development of the Hungarian railway system is not merely a matter of transportation, but one of national strategy and economic development; among other […]

Provident Financial Ltd. has reached another milestone: it has officially opened its 20th customer service center in Hungary, located in District IX, which is also the company’s second customer service center in Budapest. The company says that thanks to the new customer service center, residents of South Pest and the surrounding metropolitan area can access […]