According to the Hungarian Association of Digital Companies (IVSZ), Hungary’s future depends on the knowledge-based transition. In its statement, the organization announced that, as a professional partner, it supports decisions that can make the country one of the region’s leading technology hubs. The statement quotes IVSZ president Balázs Vinnai who said that failing to achieve […]

Although flight cancellations are already looming at the international level due to the European kerosene shortage, fuel supplies at Ferenc Liszt International Airport are currently stable. According the airport’s management company Budapest Airport, traffic is running smoothly for now. However, aviation experts warn that there is a real possibility of flight cancellations across the continent, […]

The European Commission's meetings with the incoming Hungarian government have been "constructive and positive in tone", and a useful starting point "for the work that now needs to happen, particularly to unblock funds for the benefit of the Hungarian people," EC Deputy Chief Spokesperson Olof Gill told a daily press conference in Brussels on Monday. […]

The European Bank for Reconstruction and Development (EBRD) is providing EUR 70 million of financing as part of a EUR 210 million package with commercial banks to special purpose vehicles owned by Renalfa IPP for the development of a 450 MW solar park with a 250 MW /1 GWh battery energy storage system in Szihalom, […]

The Budapest Stock Exchange (BSE) closed a strong week with significant, active trading following the parliamentary elections: the BUX index rose 4.46% to a new level, while all leading stocks gained ground and trading volume surged dramatically compared to the previous week. On Friday, the BUX closed at 138,813.03 points, up 4.46%, or 5,929.8 points […]

A high-level delegation from the European Commission met with senior representatives of the incoming Hungarian government and held technical meetings with them in Budapest on April 17-18, the European Union's executive body said on Sunday. "The meetings were an early opportunity for practical discussions on how to move forward and make real progress to unlock […]

Jeep, a niche brand within the Stellantis Group, sees growth potential in meeting specific quality demands and is poised to expand in the Hungarian new car market in 2025, brand director Tünde Krupp told MTI. The car brand, with a history spanning more than 80 years, is present only in the SUV (off-road and recreational […]

Analysis by GKI Economic Research suggests that while rating agencies monitored the Hungarian elections with intensified scrutiny, decisive judgment is improbable during the upcoming review cycle. Currently, Hungary’s sovereign debt is teetering near the lower boundary of the investment-grade category at all three major agencies — Fitch, Moody’s, and S&P — all of which maintain […]

With all votes cast in the April 12 general election counted, the Tisza Party will have 141 representatives in Hungary's 199-seat parliament, giving the party a comfortable two-thirds majority with 70.85%, data from the National Election Office released late Saturday show. The Fidesz-KDNP alliance will have 52 representatives (26.13%) and Our Homeland ('Mi Hazánk') six […]

Researchers at the University of Szeged (SZTE) are developing novel quantum-optical devices using metamaterials to revolutionise information transfer, the university's communications office said in a press release. The project, led by Dr Mária Csete, is part of an international collaboration. Current optical and laser technologies face key limitations such as light amplification, control, and detection […]

International reserves of the National Bank of Hungary (MNB) stood at EUR 58.732 billion at the end of March, down EUR 1.132 billion from a month earlier, data released by the central bank show. Stock of cash, deposits and securities in the reserves rose by EUR 2.824 billion to EUR 40.693 billion, while stock of […]

Economic research institute Kopint-Tárki is predicting that GDP could grow by 2% this year, the head of the institute, Éva Palócz has announced. The institute sees inflation averaging 3.5% in 2026. According to the macroeconomic report published by Kopint-Tárki, the change in government is "creating a new economic framework." The investment-stimulating effect of European Union […]

OTP Bank, Hungary's biggest commercial lender, strives for fair cooperation with the Tisza government, which is in the interest of both the Hungarian economy and businesses; the bank's activity will not decline in Hungary, chairman of the board, Sándor Csányi said at the bank's annual general assembly. OTP's management will soon hold consultations with the […]

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 […]