A new deficit target in an amendment to the 2026 budget drafted by the government highlights Hungary's "significant public finance challenges" Fitch Ratings said in a note on Wednesday. The amendments to the 2026 budget, submitted to lawmakers on Monday, target a general government deficit of 7.5% of GDP, well over the original 3.7% target […]

Hungary had a EUR 3.394 billion surplus in trade of services in the second quarter, data released by the Central Statistical Office (KSH) on Wednesday show. Exports of services rose 11.1% year-on-year to EUR 10.355 billion. Imports of services climbed 13.4% to EUR 6.961 billion. The tourism surplus reached EUR 1.327 billion, the logistics surplus […]

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 51.3 points in August, edging down from 51.4 in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Tuesday. The PMI was over the 50-point threshold, signalling expansion in the manufacturing sector. Among the PMI sub-indices, the new orders index fell […]

Lidl Magyarország has opened a new logistics base at a cost of close to HUF 60 billion in Kiskunfélegyháza (SE Hungary), the local unit of the German-owned discount chain said on Tuesday. In a statement sent to MTI on Tuesday, the retail chain emphasized that the development has created more than 400 jobs in the […]

In 2025, Chile and Hungary commemorated 100 years of diplomatic relations, marking a century of friendship, dialogue, and meaningful human connections. Throughout this period, the relationship between the two countries has been strengthened not only through political and institutional ties, but also through the contributions of individuals who have built bridges between our societies. Shared […]

Well-tended vegetable gardens have replaced previously unused plots: In five disadvantaged communities, 40 families are being given the opportunity to acquire the practical skills needed for gardening and to strengthen their self-sufficiency by building on their own resources through the Small Garden Program run by Provident Financial Ltd. and the Hungarian Interchurch Aid. Backyard farming […]

The MICHELIN Guide-recommended country retreat celebrates its tenth anniversary with a menu shaped by international journeys and a decade of culinary experience. Botanica in Dánszentmiklós is celebrating its tenth anniversary with a new menu that represents more than a seasonal change. Inspired by the team’s culinary journeys from Peru and Argentina to Brazil, it brings […]

The government has met all the legislative conditions for accessing the funds of the European Union's Recovery and Resilience Facility, Transportation and Investment Minister Dávid Vitézy said in Budapest on Monday, at a press conference on a HUF 11 billion trolley bus development. "Hungary has met all milestones and super milestones, so we will bring […]

Factory gate prices in Hungary climbed 1.0% year-on-year in July, data released by the Central Statistical Office (KSH) on Monday show. Prices for domestic sale were up 2.5% while export prices edged up 0.3%. Domestic prices of the manufacturing sector, which have a 67.6% weight in the PPI, rose 1.7%. Domestic energy prices, which account […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 150,666.43 points, up 1.35% from last Wednesday’s close – a gain of 2,006.62 points. Weekly trading volume totaled HUF 107.9 billion, nearly double the previous week’s HUF 58.9 billion, when trading on the Budapest Stock Exchange took place over only three days […]

Preliminary data show the number of births falling by 8.2% in July compared with the same month of the previous year, while deaths declined by 2.9%, the Central Statistical Office (KSH) said on Friday. Marriages increased by 3.6%, it added. Fully 6,197 children were born in July and 8,896 people died, while the natural decrease […]

On Saturday, on the 500th anniversary of the Battle of Mohács, a memorial day was held in the town of Mohács, situated on the banks of the Danube, at the nearby national memorial site and in the vicinity of the presumed former battlefield to honor the memory of the heroes of the battle. The commemorative […]

The number of voluntary pension fund members reached 1,088,800 in the second quarter of this year, inching up 1% from a year earlier, data released by the National Bank of Hungary (MNB) show. Voluntary pension funds closed the last four quarters with an increase of 12,500 members, meaning that the persistent negative trend of previous […]

Parliament elected political scientist Anna Unger as head of the National Asset Recovery and Protection Office (NVVH) in a secret ballot on Friday. Anna Unger, an associate professor at Eötvös Lóránd University's Faculty of Social Sciences in Budapest, was elected with 137 votes in favor, seven votes against and one abstention. Katalin Tasnády, a prosecutor […]

Founded in Budapest in 1995, ITL Group Ltd. has been providing business consulting services for over three decades now. Over this period, the company has helped more than 500 companies with their daily requirements, supporting the development of their activities and advising them about their local market. Alessandro Farina recalls to Diplomacy&Trade that he arrived […]

Ambassador Katalin Bogyay, Hungary’s former Permanent Representative to the United Nations and UNESCO, and President of the Hungarian United Nations Association and the Hungarian National Commission for UNESCO, was elected President of the World Federation of United Nations Associations at the organization’s anniversary world congress and 44th plenary session in Geneva. The election took place […]