A measure of business confidence by the Confederation of Hungarian Business (VOSZ) rose to 54% in the first quarter, Ákos Kozák, the director of the Balance Institute, which helps prepare the index, announced. Among the sub-indices of the VOSZ Barometer, the measure of business sentiment rose 3 percentage points from the previous quarter to 61%. […]

The Hungarian Academy of Sciences (MTA) "agrees with the main goals outlined in the program of the Tisza party" and wants to ensure Hungarian researchers gain access to European cooperation and funding as a priority, the academy said in a statement on it website. It added that the autonomous and transparent operation of universities was […]

Due to the change in government resulting from last Sunday’s parliamentary elections in Hungary, market expectations suggest that the new government’s economic policy will become more transparent and predictable in the coming years; measures such as special taxes, margin caps and fuel price controls will be phased out over time. That is according to Raiffeisen […]

At standalone level, Gránit Bank closed the year 2025 with HUF 21.4 billion in profit before tax and HUF 19.2 billion in profit after tax, the latter being so far the highest twelve-month result in the Banks’s history, according to the executive summary of the report őublished on the website of the Budapest Stock Exchange. […]

It is Europe's shared responsibility to ensure future generations learn from the sins of the past, understand their context and reflect on their consequences, the deputy state secretary for civil and social relations, Vince Szalay-Bobrovniczky said, marking the Memorial Day of the Victims of the Hungarian Holocaust on Thursday. Speaking at the Holocaust Memorial Center, […]

The shopping center-focused real estate investment company Urban Plaza Plus Plc. is trading in the standard category of the Budapest Stock Exchange (BSE) on a euro basis, and its listing was celebrated with a symbolic opening bell at the BSE headquarters in Budapest on Thursday. Tibor Tóth, CEO of the Budapest Stock Exchange, said: the […]

András Kármán, the election-winning Tisza Party's expert on budget and tax policy, met National Bank of Hungary Governor Mihály Varga, at the latter's invitation. András Kármán said on Facebook that the parties agreed that the financial markets reacted favorably to Tisza's election win, but added that developments in Iran and the resulting energy price hikes […]

The President of the League of Trade Unions (Democratic League of Independent Trade Unions), Dr. Melinda Mészáros sent a letter to Péter Magyar, the leader of the election-winning Tisza Party, stating that the leadership of the League is initiating cooperation with the new government, the union told MTI on Wednesday. They justified the cooperation by […]

Péter Magyar, the leader of the election-winning Tisza Party, said on Wednesday that President Tamás Sulyok will formally invite him to form the next government. Magyar met the president after Tamás Sulyok invited the leaders of the parties with mandates in the new parliament to attend talks at his office in Sándor Palace, MTI reports. […]

In the first three months of this year, retail sales of gasoline and diesel in Hungary were up 8.1% and 13.3%, respectively, compared to the same period last year; total fuel consumption thus rose by an average of 11.3%, the Hungarian Petroleum Association (MÁSZ) told MTI on Wednesday. Total consumption was 980 million liters in […]

Listed car seller AutoWallis's vehicle sales edged down 2% year-on-year to 11,602 in the first quarter, falling on the performance of the wholesale division, a preliminary report released on Wednesday shows. Sales of the wholesale division dropped 6% to 7,676 as KGM, Renault and Dacia sales were impacted by competing Chinese brands, AutoWallis said. The […]

Output of Hungary's industrial sector fell 1.5% year-on-year in February, the Central Statistical Office (KSH) confirmed in a detailed reading of data on Wednesday. Output also fell 1.5% when adjusted for the number of workdays. The detailed data show output of the automotive industry, Hungary's biggest manufacturing sector, fell 4.0%. The segment accounted for 26% […]

The Hungarian Food Business Program and eight Hungarian food industry companies will be showcasing their products at the WorldFood Poland International Food & Drink, Food Processing and Packaging Exhibition exhibition in Warsaw starting Tuesday, the Agricultural Marketing Center (AMC) told MTI. The AMC’s joint booth will showcase both the latest innovations and traditional aspects of […]

Fitch Ratings said Hungary's incoming government faces "significant macroeconomic and public finances challenges" due to low growth, a large fiscal deficit, and high and rising government debt. The Tisza Party's landslide victory in Sunday's election, giving it a two-thirds majority in parliament, should support improved relations with the European Union and ease the risk of […]

The goal of the investment is to provide state-of-the-art warehousing and logistics solutions that enable the company to meet the partners' growing needs with high-quality service. BHS Trans Ltd., a Hungarian-owned company and strategic partner of HELL Energy, specializes in warehousing and logistics operations. The company has established a logistics center worth nearly EUR 35 […]

The Hungarian Banking Association and the Confederation of Hungarian Business (VOSZ) both congratulated the Tisza Party on its election victory and offered cooperation to the new government. The Hungarian Banking Association said in a statement that "the Tisza Party's unequivocal victory could open a new chapter for European integration and the development of the Hungarian […]