Electrical engineering company ABB will invest HUF 5 billion to expand capacity at its base in Kecskemét (East Central Hungary), the company has announced. As part of the development project in Kecskemét, new machines, injection molding equipment, robotic solutions, and additional production lines will be installed. The investment will enable increased production of several medium-voltage […]

The Hungarian Business Leaders Forum (HBLF) held its general meeting to elect new officers at a time when the responsibility of business leaders extends beyond economic performance: trust, ethical conduct, and value-based decision-making have become fundamental prerequisites for competitiveness, according to a HBLF statement. The business leaders’ community, which looks back on more than three […]

The Toyota brand reported growth far exceeding market expansion year-over-year in the Hungarian new car market, where it continues to lead the brand rankings, Toyota Central Europe Ltd. (TCE) informed MTI. Sales of the Japanese brand in Hungary rose by 16.2% in the first four months of this year compared to the same period last […]

One of Europe’s most important circular economy conferences will be held in Budapest on October 5-7, 2026. The Circular Economy Hotspot aims to bridge the gap identified in the latest research by one of the organizers, the Business Council for Sustainable Development in Hungary (BCSDH): according to this research, companies have already set out on […]

Hungary's current account had a EUR 715 million surplus in March, widening from a EUR 125 million surplus in the previous month, preliminary monthly data released by the National Bank of Hungary (NBH) on Friday show. The trade surplus reached EUR 1.073 billion, as the balances for both trade in goods and services showed surpluses […]

World-renowned opera singer Plácido Domingo has been enchanting music lovers around the world with his distinctive and emotive voice for more than 60 years. Recognized as one of the finest and most influential singing actors in the history of opera, the multifaceted artist is also a conductor and a major force as an opera administrator. […]

First-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, fell 6% year-on-year to HUF 177.0 billion as the lender booked the full-year amount of sectoral taxes during the period, an earnings report released ahead of the opening bell on Friday shows. If OTP had booked the prorated amount of the bank levy and windfall […]

Hungarian haulier Waberer Group's consolidated EBIT for the first quarter of 2026 was EUR 11.0 million, which is in line with the base period (Q1 2025) result. The quarterly report was publihed on the website of the Budapest Stock Exchange. The Group's consolidated revenue for the quarter was EUR 207.9 million, representing a 6.9% increase. […]

Hungary's government has mandated the release of a further 575 million liters of motor fuel from strategic reserves in a decree issued in the latest issue of the official gazette Magyar Közlöny. The decree, by the economy and energy minister, István Kapitány releases 150 million liters of petrol and 425 million liters of diesel. According […]

Competitive salary and benefits are by far the strongest driver of employer choice in Hungary, both in importance and in prioritization, with pleasant work atmosphere, job security, and work-life balance following closely behind. When looking at priorities, pleasant work atmosphere, though the second most important driver, is often traded off for work-life balance and job […]

First-quarter after-tax profit of Graphisoft Park, which owns and operates a business park in the north of Budapest, rose 20% year-on-year to EUR 2,670,000, an earnings report shows. The pro-forma net profit for the first quarter of 2026 was in line with company’s expectations at EUR 2.67 million, representing a significant increase of 20% compared […]

Hungary’s war-related state of emergency, in place for four years under former PM Viktor Orbán, officially ends on Thursday, Prime Minister Péter Magyar said on social media. "With this, we are also saying goodbye to the decree-based governance introduced six years ago. We are returning to normalcy, he added. "With this, we are also bidding […]

Talent is evenly distributed across society: in every town and in families of all social and economic backgrounds, there are talented young people. Access to opportunity, however, is far from equal. This structural challenge is the focus of a campaign launched by the Hungarian Business Leaders Forum (HBLF) on the occasion of the International Roma […]

Listed building materials maker Masterplast had first-quarter after-tax profit of EUR 1.9m, improving from a loss of EUR 2.2 million in the base period, an earnings report released ahead of the opening bell on Thursday shows. In the first quarter of 2026, Masterplast achieved consolidated revenue of EUR 57,4 million, representing the third highest quarterly […]

The volume of industrial production in Hungary grew by 6.7%, based on working-day adjusted data it rose year-on-year by 3.7% in March 2026, data released by the Central Statistical Office (KSH) shows. A production increase occurred in the great majority of the manufacturing subsections. According to seasonally and working-day adjusted data industrial output was 3.1% […]

Following the presentation of letters of credence on May 12 and the ceremonial swearing-in ceremony held at the Parliament Building, the new TISZA government was officially formed at midnight on the 13th. This is the fastest government formation since the regime change of 1989-90: just one month after the historic election victory on April 12, […]