The forint was introduced in Hungary on August 1, 1946. The issuance of the new currency was necessitated by the pengő’s incredible rate of inflation following World War II — a level of inflation unprecedented in world history. The forint entered circulation in Hungary on August 1, 1946. By that year, the pengő due to […]

Factory gate prices in Hungary edged down 0.4% year-on-year in June, data released by the Central Statistical Office (KSH) show. Prices for domestic sale were up 1.8% while export prices decreased 1.4%. Domestic prices of the manufacturing sector, which have a 67.6% weight in the PPI, rose 1.1%. Domestic energy prices, which account for 30.0% […]

German-owned discount chain Lidl Magyarország had net profit of HUF 34.6 billion in the business year ended February 28, 2025, up from HUF 26.4 billion a year earlier. Net sales revenue rose to HUF 1,485.8 billion from HUF 1,325.9 billion, according to the financial report published on Friday. Lidl paid more than HUF 64 billion […]

Fully 5,790 children were born and 9,167 people died in Hungary in June, according to preliminary data from the Central Statistical Office (KSH) published on Friday. The number of births fell by 2.6% (157 fewer) compared with June 2025, while deaths dropped by 3.1% (291 fewer). The natural population decrease - the difference between births […]

Hungary's MOL Group said on Friday that it signed an agreement with Shell to buy BG Cyprus Ltd., Shell's 100% subsidiary. BG Cyprus Ltd. holds a 35% interest in the Cyprus Offshore Block 12 containing the Aphrodite gas field in the eastern Mediterranean. The total consideration payable by MOL for the transaction is up to […]

Croatia’s Plinacro and Hungary’s Földgázszállító [Natural Gas Distributor] Plc. (FGSZ) have agreed to increase the capacity of the Croatian-Hungarian natural gas interconnector, the Croatian natural gas transmission system operator has announced. According to a joint statement by the two companies, the capacity of the Drávaszerdahely - Donji Miholjac border crossing point from Croatia to Hungary […]

Analysts reacted with some disappointment to the first estimate of second-quarter GDP data, but welcomed the fact that, after a prolonged period of stagnation, the economy appears to have entered a sustained growth trajectory. According to the first estimate released Thursday by the Central Statistical Office (KSH), Hungary’s gross domestic product (GDP) grew by 1.7% […]

Hungarian transmission system operator MAVIR, acting on orders from the government, will call on several dozen large industrial energy consumers to make voluntary cuts in their electricity usage, Prime Minister Péter Magyar announced in a social media post on Thursday. He said MAVIR will contact cement factories, car and battery manufacturers, chemical plants and other […]

Austria's Erste Group booked first-half net income of EUR 104m at its banking business in Hungary, down 24% from the base period as sectoral taxes — booked for the full year — weighed, an earnings report released on Thursday shows. Net interest income climbed 19% to EUR 243 million and net revenue from commissions and […]

Loaded sea container traffic in Hungary rose 10% year-on-year to 123,258 TEU in the second quarter, the Association of Hungarian Logistics Service Centers (MLSZKSZ) said. Over the past year, imports rose by 12.3% and exports by 7.2%, with imports accounting for more than 70% of total trade. The volume of incoming goods continued to be […]

Listed building materials maker Masterplast had first-half after-tax profit of EUR 5.2 million, improving from a loss of EUR 4.6 million in the base period, an earnings report released ahead of the opening bell on Thursday shows. Despite the challenging environment, Masterplast Plc. posted one of the strongest first-half performances in its history this year. […]

Hungary had a EUR 1.305 billion trade surplus in June, widening from EUR 799 million in the previous month, data released by the Central Statistical Office (KSH) on Thursday show. Exports rose 20.9% year-on-year to EUR 14.945 billion. Imports climbed 17.8% to EUR 13.639 billion. Trade with other European Union member states accounted for 73% […]

The number 3 block of the Paks nuclear power plant has been shut down as water levels on the Danube – used to cool the NPP – have reached record lows, Economy and Energy Minister István Kapitány said in a social post on Wednesday. The minister noted that the shutdown was not an unexpected event, […]

The Hungarian Competition Authority (GVH) has cleared the acquisition of Sofidel's private-label paper products business in Hungary by Vajda-Papír, Hungary's biggest maker of hygienic paper products, Vajda-Papír said on Wednesday. The watchdog established that the merger would not reduce competition on the affected markets to a significant degree. The transaction is expected to close when […]

The number of guests at commercial and private tourism accommodations in Hungary fell 2.2% to 1,856,000 in June from the same month a year earlier. At the same time, the number of guest nights was down 2.5% at 4,328,000, data released by the Central Statistical Office (KSH) on Wednesday show. The number of domestic guests […]

BMW has produced the 50,000th iX3 model at its plant in Debrecen (E Hungary), the German car maker has said. The production milestone was reached nine months after the start of series production, amid strong demand for the first series-production model of the Neue Klasse. "The 50,000th BMW iX3 underscores the capabilities of our plant […]