The mayor of Budapest, Gergely Karácsony, and the representatives of UNICEF Hungary signed a cooperation agreement on Friday, regarding a series of programs to be launched next year under the name Cities Turning Green (‘Zöldülő városok’), aimed at involving young people in sustainability planning. Antónia Meszaros, the executive director of UNICEF Hungary, said a priority […]

Hungarians reported HUF 3,048bn of investment income on their tax returns in 2025, National Tax and Customs Authority (NAV) data compiled by economic research institute GKI show. The investment income, including interest, dividends and capital gains, rose 7% from a year earlier. The data show 366,000 Hungarians – around 3.9% of the population – reported […]

Investor confidence in Hungary has solidified in recent months; the coming period will be about building credibility, implementing next year’s and the medium-term fiscal path, which could lead to the adoption of the euro by 2032, the chief economist at ING Bank, Péter Virovácz, at a press event in Budapest this week. As he noted, […]

The government has developed Hungary's National Water Retention Concept and Action Plan, defining the future tasks of Hungarian water management in some 600 pages, László Gajdos, the minister for the living environment, said at the Hungarian Academy of Sciences in Budapest on Thursday. László Gajdos presented the document at the Hungarian Academy of Sciences (MTA) […]

After-tax profit of Zwack Unicum, Hungary's biggest spirits maker, edged up 1% year-on-year to HUF 1.6 billion in the first half of its business year started April 1, an earnings report published on the website of the Budapest Stock Exchange on Thursday shows. Sales, net of excise tax and a DRS deposit fee for bottles, […]

One of Budapest’s most iconic landmarks will be illuminated in red and white on the evening of November 5 to mark the 80th anniversary of the resumption of diplomatic relations between Switzerland and Hungary. A statement by the Swiss Embassy in Budapest highlights that the special illumination will celebrate the strong and multifaceted connections between […]

Three-fourths of the shared services centers (SSCs) in Hungary plan to add more higher value-added activities, the head of the Hungarian Investment Promotion Agency (HIPA), Bence Buday said at an industry conference on Wednesday. Outlining the results of a recent survey at the HIPA Business Services Hungary 2026 conference, Bence Buday added that 42% of […]

The names and details of tens of thousands of Communist-era informants have been made public, with the documents now available in Hungary on the nyitottaktak.hu website. Three of the several types of secret service documents have now been made freely available to the public: the so-called "No. 6" files, the "B" (i.e. recruitment) logs and […]

Output of Hungary's industrial sector rose 8.2% year-on-year in September, a first reading of data released by the Central Statistical Office (KSH) on Wednesday shows. Output rose at the same pace when adjusted for the number of workdays. Output was lifted by the automotive industry, the computer, electronics and optical products segment, and production of […]

A total of 46 applications were submitted by 37 parties in a tender for the establishment and expansion of wind power capacity in Hungary, the Hungarian Energy and Public Utility Regulatory Authority (MEKH) said on Tuesday. Applications were submitted for eight grid nodes across six districts for feed-in capacity of 1,834 MVA. The applications are […]

Hungarian Parliament elected Dr. Péter Fejes Chief Public Prosecutor at Tuesday's session. The former Deputy Chief Prosecutor of Vas County, who retired in 2025, was elected in a secret ballot with 139 votes in favour and six against, effective November 4. Péter Fejes took the oath of office after his election. Péter Fejes, a lawyer, […]

Hungarian oil and gas company MOL on Tuesday announced the construction of a HUF 5.5 billion hydrocarbon collection center near three wells in Vecsés on the outskirts of the capital. Hydrocarbons from the three wells in Vecsés, which now account for around 30% of MOL's domestic crude production, will be consolidated at the collection center […]

The full session of Hungary’s Constitutional Court elected Pál Sonnevend as the court's president in a secret ballot on Monday. Pál Sonnevend assumed his role immediately a upon his election. Parliament elected Pál Sonnevend as a member of the Constitutional Court on July 27, and his presidential term will last three years, the court said […]

In Hungarian preschools and schools, concern about the environmental crisis has given way to a desire to take action: communities are seeking solutions and have countless ideas for saving our planet. In the “Champions of the Earth” contest – now in its fourth year – organized by the energy company that operates the power grid […]

A test run of the first bus powered by biomethane (Bio-CNG), a renewable fuel, begins on Budapest's 132E line, with the vehicle presented in the capital at a press conference held in front of Hungarian oil and gas company MOL's headquarters on Monday. "It is a key strategic goal of the Mol Group to support […]

Hungary’s economic catch-up has stalled by 2026, as the model based on cheap labor, exports and government incentives has reached its limits. According to the latest study by the Hungarian Banking Association, breaking through the economic glass ceiling will require a reduction in government intervention, predictable regulation, and comprehensive reforms in mortgage lending, building energy […]