In today’s business world, successful corporate events are no longer defined solely by conference rooms, presentations and formal schedules. Companies are increasingly looking for venues that combine professional infrastructure with an inspiring environment – places where meetings can become opportunities for meaningful conversations, networking and new connections. Located in Budapest’s 9th district, directly next to […]

The government aims to build a knowledge-based economy and the strategically important Hungarian pharmaceutical industry can serve as an example in this regard, Economy and Energy Minister István Kapitány said at a conference of the Hungarian National Association of Pharmaceutical Manufacturers (MAGYOSZ) on Friday. The minister emphasized that the Hungarian pharmaceutical industry is export-oriented and […]

German-owned discount chain ALDI will focus on a stricter discount model to improve profitability based on international experiences, Aldi Magyarország national managing director Bernhard Haider said on Friday. ALDI has examined the countries where the chain operates successfully and they will try to narrow the product range and develop a business model closer to what […]

Wing Group increased its revenue by 41% to HUF 130.26 billion in the first half of the year, primarily due to a higher volume of residential real estate project completions, the real estate development company has announced. EBITDA (earnings before interest, taxes, depreciation, and amortization) rose by 23% to HUF 19.5 billion. Losses from investments […]

The most important domestic economic “story” of the coming years will be Hungary’s planned adoption of the euro; the economic and financial significance of adopting the common European currency is comparable to Hungary’s accession to the EU in 2004. The adoption of the euro is a strategic step that fundamentally determines the future framework of […]

"Who will protect us from ourselves if letters and words abandon us, if sentences freeze into unspeakability and language shatters into fragments?" It was a strikingly dark question with which author András Visky opened the 31st Budapest International Book Festival on Thursday, but it set the tone for four days devoted to the defense of […]

E.ON Hungária Group has been awarded HUF 230bn from the European Union's Recovery and Resilience Facility (RRF) to scale up electricity grid capacity for an additional 2,323 MW of renewables by 2030, the utilities company's deputy-CEO, Ádám Katona said on Thursday. The deputy-CEO acknowledged the government for successfully lobbying to secure the release of Hungary's […]

In September, share turnover on the Budapest Stock Exchange’s spot equity market totaled HUF 566.6 billion, while the average daily trading volume rose to HUF 25.75 billion. The leading investment service providers remained unchanged, with Wood & Company, Concorde and Erste topping the rankings again in September, according to a BSE press release. International stock […]

Hungary had a EUR 481 million trade deficit in August, after months of surpluses, data released by the Central Statistical Office (KSH) on Wednesday show. Exports rose 15.8% year-on-year to EUR 12.044 billion. Imports climbed 28.6% to EUR 12.525 billion. Hungary's energy trade deficit reached EUR 691 million in August, widening from EUR 578 million […]

Belden, an American cable manufacturer, is relocating its manufacturing operations from the Netherlands to Hungary and has therefore signed a lease agreement for the entire area of the HelloParks Páty PT5 warehouse. The 42,000-square-meter facility will be the company’s largest cable factory in Europe, with production expected to begin in early 2028, innovative industrial real […]

Head of the European Public Prosecutor’s Office (EPPO), European Chief Prosecutor Laura Codruta Kövesi, has held talks on the technical details of Hungary’s membership of the EPPO with Justice Minister Márta Görög, Finance Minister András Kármán, Interior Minister Gábor Pósfai and Deputy Prosecutor General István Lajtár at the Ministry of Justice in Budapest, the ministry […]

Some HUF 447 million from the Swiss-Hungarian Cooperation Program will support investments to connect close to 600 homes and more than 20 institutions to a geothermal heating system in Szentlőrinc (SW Hungary), the municipal council said on Tuesday. The public procurement process for the project is expected to be announced in early October. The announcement […]

A total of 14,000 potential jobs are "in the pipeline" thanks to efforts by the government and the Hungarian Investment Promotion Agency (HIPA) to cooperate with interested parties, Áron Porcher, a state secretary at the Economy and Energy Ministry, said fielding questions in parliament on Monday. Porcher responded to a question by Dóra Dúró, an […]

Hungary's largest lender OTP Bank is weighing a potential withdrawal from the market in Russia, the bank confirmed on Monday. "Given its strategic interest in the Baltics and the limited progress in upstreaming additional dividends from Russia over the past year, OTP has begun reviewing its Russia-related strategy, including a potential full exit from Russia," […]

Hungary’s Government Debt Management Agency (ÁKK) has raised its net issuance plan for 2026 from HUF 5,445 billion to HUF 8,717 billion because of a bigger than expected budget deficit and pre-financing for European Union funding that will not arrive from Brussels until December, ÁKK CEO Gergely Tardos told journalists on Monday. ÁKK has raised […]

K&H’s Large-Cap Growth Index stood at 5 points in the third quarter compared to the previous three months, down from 9 points in the second quarter; despite this correction, optimism in the corporate sector remained high, Tibor Bodor, head of K&H’s corporate division, said on Monday in Budapest at a press conference presenting the report. […]