Romanian parcel delivery company Sameday will withdraw from Hungary after its planned merger with Express One, a subsidiary of Austrian Post, failed to receive the license for foreign direct investments, the company's PR department said on Friday, MTI reports. In their announcement, they noted that Sameday had earlier this year signed an agreement to sell […]

In the tenth academic year of the European Parliament’s Ambassador School Program, eleven new schools joined the initiative in Hungary. The schools that joined in the 2025–2026 academic year received their plaques at a ceremony held at the Europe Point on June 5, 2026. Launched ten years ago, the program aims to raise young people’s […]

According to seasonally and working-day adjusted data, industrial production increased by 0.9% year-on-year and declined by 1.1% compared to the previous month, a first reading of data released by the Central Statistical Office (KSH) on Friday shows. The Office points out that working-day adjusted index is equal to the non-adjusted one. Production volume decreased in […]

The Hungarian banking system continued to be characterized by high profitability, ample liquidity and a strong capital position in 2025, the National Bank of Hungary (MNB) says in an analysis released this week. In the fresh biannual Financial Stability Report, the central bank and financial market regulator points out that the ratio of non-performing loans […]

This year’s Sziget Festival welcomes visitors with a new concept: the Jardin des Arts (Garden of the Arts) connects the worlds of contemporary circus, dance, audiovisual arts, and multidisciplinary performances as a cohesive cultural quarter, allowing visitors to be not only spectators but also creators of the experiences. According to a press release sent to […]

ABZ Innovation is investing HUF 2.7 billion in Szentendre, north of Budapest, to create a manufacturing center for drones used for civilian purposes. Máté Keczer, the executive director of ABZ Drone, which is the distributor for drones manufactured by ABZ innovation, said they mainly deal with agricultural and industrial drones. The executive director added that […]

The 97th Budapest Book Week will feature 540 newly published books, 204 stalls and 104 programs between June 11-14 in downtown Budapest, in Vörösmarty Square, Vigadó Square and the Danube Corso, organizers told a press conference on Thursday. "The event will be opened by David Szalay, the English writer of Hungarian descent who won the […]

The Government Debt Management Agency (AKK) sold a combined HUF 244.5 billion of securities at auction on Thursday, close to four times the HUF 65.0 billion plan, on strong demand. AKK sold HUF 155.0 billion of discount twelve-month T-bills, a multiple of the HUF 30.0 billion plan. Primary dealers bid for HUF 242.4 billion of […]

In April 2026, the volume of retail trade was 1.7% higher according to raw data, or 3.6% higher in calendar (and Easter effects) adjusted terms, than in the same month of the previous year, the Central Statistical Office (KSH) reports. Adjusted food sales increased 3.4%, non-food sales rose 2.6% and turnover at petrol stations climbed […]

The European Commission said Hungary continues to face vulnerabilities related to high government debt and government financing needs, competitiveness, and home prices in a package of policy guidance for member states adopted on Wednesday. An in-depth look at of the Hungarian economy conducted by the EC earlier in 2026 showed an increase in state debt […]

Architects, contractors and developers from all over Europe have gathered in Budapest for the Baumit Life Challenge 2026 awards gala. The Hungarian capital proved to be the perfect venue. Just as the Danube connects many of Europe’s cities, the Baumit Life Challenge brought together the continent’s most outstanding façades, the organizers said in a statement. […]

The Organization for Economic Co-operation and Development (OECD) forecasts Hungary's GDP growth will accelerate to 1.6% in 2026 and 2.0% in 2027 in its latest Economic Outlook published on Wednesday. "A stronger than expected energy shock may deteriorate growth and fiscal prospects, but progress in the discussions around blocked EU funds may boost confidence and […]

German car maker BMW will probably add shifts at its new factory in Hungary to meet "enormous demand", the head of BMW Group Plant Debrecen has said at an international press conference, MTI reports. Hans-Peter Kemser said the plant was operating with two shifts at present, turning out 30 cars an hour. He added that […]

Hungary had a EUR 2.463 billion surplus in trade of services in the first quarter, according to data released by the Central Statistical Office (KSH) and reviewed by MTI. Exports of services rose 4.5% year-on-year to EUR 8.753 billion. Imports of services climbed 4.8% to EUR 6.290 billion. The tourism surplus reached EUR 659 million, […]

The Central European University (CEU) will hold its Liveable World Festival in Budapest on June 12-13, featuring lectures, film screenings and exhibitions. The events at the university’s downtown Nádor Street building are free, though some require prior registration, MTI reports. The festival will include a discussion with clinical psychologist Annamaria Tari and HaverVagy community founder […]

Nearly one hundred seniors participated in the joint Senior Academy program organized by Provident Financial Ltd. and Semmelweis University in Szolnok. The goal of the event was once again to provide the older generation with practical knowledge to help them manage financial, health, and digital challenges, thereby contributing to their sense of security and independence […]