First-half after-tax profit of Hungarian banks slipped 22% year-on-year to HUF 685 billion, data released by the National Bank of Hungary (MNB) on Monday show. Lenders' net interest income increased 7% to HUF 1,836 billion. Net revenue from commissions and fees edged down 3% to HUF 929 billion. Banks' return on equity reached 11.8%, falling […]

The country’s sports program aimed at creating opportunities – which is more than just the Provident Dream Championship 2.0 – continues with soccer and boxing. Former world champion boxer Zsolt Erdei has already trained with the children and, during a motivational talk, emphasized the importance of sports, community, and perseverance. The finals for the young […]

Output of Hungary's industrial sector rose 4.7% year-on-year in July, a first reading of data released by the Central Statistical Office (KSH) on Monday shows. Output rose at the same pace when adjusted for the number of workdays. Output fell in most branches of manufacturing, KSH said. Among the biggest, output of the automotive branch […]

Amid rising trading volume, the Budapest Stock Exchange (BÉT) stock index fell this week; on Friday, the BUX closed at 147,747.91 points, down 1.94% from the previous week. Weekly trading volume totaled HUF 129.5 billion, up from HUF 107.9 billion the previous week, with leading stocks – with the exception of Magyar Telekom – posting […]

The Hungarian Tourism Agency (MTÜ) has begun establishing a competition-based 'partner pool' of agencies, which will also ensure the rational and cost-effective use of public funds, the tourism management agency announced in a statement. According to the MTÜ, the new system builds both on the organization’s strengthened internal professional expertise and on open competition among […]

A recent European survey by the STADA Health Report 2026 paints a rather bleak picture of the Hungarian healthcare system: only 27% are satisfied with public healthcare, while 79% consider the shortage of healthcare professionals and long wait times to be the biggest problems. At the same time, there is a particularly high level of […]

The government has decided to extend the current state of emergency over illegal mass migration, due to expire on September 7, until December 31, Prime Minister Péter Magyar said in a social media post late on Friday. The prime minister stated that the government would not ease effective regulations on illegal migration, adding: "Recent weeks […]

The European Union's Erasmus program will return to Hungarian universities, the minister of education and children's affairs, Judit Lannert said on social media on Friday. The minister emphasized that the Hungarian government had taken all necessary steps by the end of August to ensure the Erasmus program was again available to Hungarian university students. The […]

Retail sales in Hungary rose 4.9% year-on-year in July, data released by the Central Statistical Office (KSH) on Friday show. Retail sales rose at the same pace when adjusted for calendar year effects. Adjusted food sales increased 2.2%, non-food sales rose 6.5% and turnover at petrol stations climbed 8.1%. Online and mail-order sales volume, which […]

Hungary has been invited to return to the Eurovision Song Contest, public service media provider Duna Media has announced on a social media page. The post said the public media's interim management has secured a significant discount on the participation fee and a deadline extension from the contest's organizers. András Horváth, public media's interim director […]

The Hungarian government has passed more than a hundred new laws to gain access to EU recovery funds that had been withheld as a result of the Orbán government’s policies. According to the government, all necessary conditions have been met, but these still need to be approved by the European Commission. If this happens, a […]

Membership in the Hungarian Medical Chamber will again become mandatory for doctors, government spokeswoman Anita Köböl said on Thursday. Addressing a government press briefing, she noted that in 2023, a political conflict had effectively paralyzed the chamber's operations under the previous government. She said the current government has now decided to restore the chamber’s powers. […]

The Italian Culture Institute has been operating in Budapest uninterruptedly for 90 years now, since 1936 – and in the same building located next to the Hungarian National Museum since 1943. “We feel at home here because there are so many references to our culture that are part of – and totally integrated into – […]

Traditional and culture diplomacy mutually support each other rather than competing, Foreign Minister Anita Orbán said at the annual Cultural Diplomatic Conference held in Budapest on Thursday. The minister called for institutional cooperation to be shaped in this spirit. Since the formation of the government, negotiations have been under way between the ministries responsible for […]

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 […]