Braving soaring temperatures, thousands of revelers set off from outside the State Opera House on Saturday for the 31st Budapest Pride Community Festival march, a vibrant celebration winding through the heart of the capital. The event was also attended by the European Commissioner for Equality, Preparedness and Crisis Management, Hadja Lahbib. A float blaring music […]

Support for joining the euro zone is exceptionally high, at around 70-75%, in Hungary, Prime Minister Péter Magyar said following talks with Eurogroup president Kyriakos Perrakakis in Budapest on Friday. Among member states outside the euro zone, Hungary has the high level of support for joining, the Prime Minister added. "This has not always been […]

Hungary’s biggest commercial lender OTP Bank and oil and gas company MOL took the 398th and the 1,239th place respectively on Forbes’ 2026 Global 2000 list that ranks the largest companies worldwide, MTI reports. OTP took the 993rd place based on revenue, the 360th place based on profit, the 313th place based on assets and […]

MVM Tisza Erőmű, a unit of state-owned energy company MVM Group, inaugurated a 31MW/62MWh battery storage investment in Tiszaújváros (E Hungary), MTI reports. The investment was supported by HUF 4 billion in grant money from the European Union. MVM CEO Károly Mátrai said the investment is part of MVM's long-term development strategy, which aims to […]

In a first step to renew the leadership of Hungarian diplomatic missions, the foreign ministry is recalling 37 heads of mission, Foreign Minister Anita Orbán said in a video on Facebook on Friday. While some diplomats' terms of office are expiring, other decisions were "motivated by the goal of ensuring that Hungary’s interests are represented […]

Hungarian property developer Indotek Group purchased the remaining 53% stake in Auchan Magyarország from Auchan Retail International to become sole owner of the company that owns and operates the retail chain, Indotek said on Friday. Indotek added that it the financed acquisition from internal funds. The sides did not reveal the value of the transaction. […]

If we help the trees, the trees will help us: that is the basic idea behind this program. Green plants are essential for the livability of cities: their shade mitigates the heat, improves air quality, and provides a refreshing atmosphere. However, due to a lack of rainfall and drought, the survival of newly planted urban […]

On the 35th anniversary of the Visegrád Declaration, the heads of government of the Czech Republic, Hungary, Poland and Slovakia met at the Royal Palace in Gödöllő, east of Budapest, this week and relaunched the Visegrád Four (V4) partnership among the four countries. Following the Hungarian parliamentary elections in April 2026, with high-level political cooperation […]

The government is creating a fully state-owned national transport organizer and a rolling stock management company to improve the competitiveness and efficiency of public transportation, a decree published in the latest issue of the official gazette Magyar Közlöny shows. As MTI reports, the aim of the decision is to implement the transport development projects in […]

Hungary's chief medical officer, Beatrix Oroszi has declared a third-degree heat alert for the entire country from Saturday, warning of extreme temperatures for at least four consecutive days. Addressing a government press briefing on Thursday, Beatrix Oroszi asked Hungarians to look after themselves, their families and the people around them over the coming days. The […]

A EUR 1.5 billion development program financed by the European Union to modernize and strengthen the Hungarian electricity grid has launched, Minister of Economy and Energy István Kapitány said in a post on social media on Thursday, MTI reports. The minister said investments from the program will help add almost 5,000 MW of new, mostly […]

The ZalaZONE automotive test track, located in SW Hungary, will be re-nationalized from July at the latest, Márta Nagy, an MP of the governing Tisza Party said on social media on Wednesday, MTI reports. The ZalaZone is expected to be overseen by the Ministry of Science and Technology, although there is no final decision yet, […]

The debt of the central government increased by HUF 2,557 billion to HUF 63,096 billion by the end of May from the end of 2025, the Government Debt Management Agency (ÁKK) said in a monthly report on Wednesday. Quoting from the report, MTI says net forint issuance, financing the deficit of the central government budget, […]

In the first five months of the year the credit institution sector reported an after-tax profit of HUF 485 billion, down by 19% compared to the same period a year earlier, preliminary data released by the National Bank of Hungary (NBH) on Wednesday shows. Interest revenue was up 11% at HUF 2,733 billion while interest […]

The Euclid space telescope has mapped over 60 million stars in the heart of the Milky Way, with Hungarian researchers playing a key role in the survey, the HUN-REN CSFK Konkoly Thege Miklós Astronomical Institute said on Wednesday, MTI reports. The mission's data extends beyond cosmology, András Kovács, a researcher at HUN-REN's Konkoly Thege Miklós […]

Hungary took 14th place on the 2025 International IP Index ranking of the US Chamber of Commerce, the Hungarian National Intellectual Property Office (SZTNH) said on Wednesday. Hungary has moved up one place in the ranking compared to 2023 and 2024, and is ahead of regional countries like Austria, Poland and Ukraine, SZTNH noted. Progress […]