Hungary's annualised consumer price index rose to 2.0% in October from 1.6% in the previous month, data released by the Central Statistical Office (KSH) on Tuesday show. Food prices dropped 1.1%, but fell a steeper 4.1% excluding the price of eating out. The price of potatoes rose 14.0% and cooking oil was 6.2% dearer, but […]

Net income of Hungarian pharmaceutical company Gedeon Richter rose 7% year-on-year to HUF 174.9bn in Q1-Q3 as revenue edged higher and sales and marketing costs fell, an earnings report released ahead of the opening bell on Tuesday shows. Revenue increased 2% to HUF 695.9 billion. Cost of sales climbed 4% to HUF 221.8 billion. Gross […]

MÁV Hungarian Railways has issued a new public procurement tender for the long-term maintenance of used railcars it plans to purchase from Switzerland, the MÁV Group said on Monday. The tender covers the maintenance of up to 93 used Stadler GTW multiple-unit trains for a period of 15 years. The railway company noted that, pursuant […]

In Hungary, around 60% of construction companies polled by industry association EVOSZ expect revenue to fall in 2026, the body said on Monday. A little over 43% of the 400 companies that responded to the survey said revenue had dropped in the first half. Around 80% of companies said a lack of orders was the […]

UniCredit booked net profit of EUR 84 million at its business in Hungary in the third quarter, down 8% from the same period a year earlier, an earnings report released on Monday shows. Net interest income increased 16% to EUR 98 million and net revenue from fees rose 22% to EUR 51 million. Stock of […]

The southeastern Hungarian town of Hévíz has received international professional recognition for the development of a sustainable tourism destination; alongside winners from Albania, Bosnia and Herzegovina, Brazil and Taiwan, it has earned the Green Destinations bronze certification, the city’s mayor, Péter Naszádos has announced. In his statement, the mayor noted that the Green Destinations Standard […]

The Budapest Stock Exchange (BÉT) stock index fell this week amid rising trading volume; the BUX closed at 143,453.78 points on Friday, down 1,803.56 points, or 1.24%, from the previous week. Weekly trading volume totaled HUF 133.5 billion, up from HUF 126.9 billion the previous week, with leading stocks – with the exception of Magyar […]

The Hungarian government will allocate nearly HUF 60 billion (EUR 165 million) over the coming years to the National Afforestation and Urban Greening Program, the minister for the living environment, László Gajdos, said on social media on Saturday. Under the program, 12 million saplings will be planted, at least 1,320 hectares of new state-owned forest […]

Retail sales in Hungary rose 4.3% year-on-year in September, data released by the Central Statistical Office (KSH) show. Retail sales rose at the same pace when adjusted for calendar year effects. Adjusted food sales edged down 0.1%, non-food sales rose 8.7% and turnover at petrol stations increased 6.2%. Online and mail-order sales volume, which accounted […]

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 […]

International reserves of the National Bank of Hungary (MNB) stood at EUR 62.217 billion at the end of October, up EUR 156 million from a month earlier, preliminary data released by the central bank on Friday show. Stock of cash, deposits and securities in the reserves rose by EUR 501m to EUR 46.025 billion, while […]

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 […]