EU Budget Must Focus on Competitiveness, Curb Excessive Spending Péter Benő Banai, Secretary of State for Public Finance, emphasized the importance of competitiveness in the EU's 2025 budget during... 2024.11.15.
MOL to Expand Green Electricity Production with New Solar Park MOL Petrochemicals is expanding its green electricity production with a 48-megawatt solar park, creating one of the largest consumer-connected parks... 2024.11.15.
Monor Welcomes New EUR 75 million Vaccine Plant for Animal Health Ceva-Phylaxia is building a new vaccine factory in Monor (central Hungary) with an investment of HUF 30 billion (EUR 75... 2024.11.15.
Wage Growth Signals 2025 a Financially Brighter Year Hungary’s economy is currently navigating between inflation control, labor market challenges, and efforts to boost wage growth. After enduring a... 2024.11.15.
Chinese Tech Giant to Open Its Biggest European Factory in Kaposvár Next Year Construction work on the new factory building in the Kaposvár Western Industrial Park is underway, which will enable J-Star Motion... 2024.11.15.
From Stagnation to Growth: Economic Revival Predicted for Next Year The Hungarian economy may expand at a slow pace of below 1% this year, partly due to the unfavorable international... 2024.11.15.
Foreign Partners’ Stability Is Key to Hungary’s Economic Outlook The German-Hungarian Chamber of Industry and Commerce (DUIHK) presented its autumn business survey, highlighting challenges faced by the Hungarian economy... 2024.11.15.
Viktor Orbán: “It is not Serbia that needs the EU but the EU that needs Serbia” Serbian President Aleksandar Vučić visited Budapest for the second Hungarian-Serbian Strategic Cooperation Council meeting, where he held talks with Prime... 2024.11.15.
The Budapest Declaration on Competitiveness Could Be a Turning Point The year, as a whole, shows that a new economic policy is needed; a policy of economic neutrality will eliminate... 2024.11.14.
Minister Announces Major Improvements on Key Railway Lines János Lázár, Minister of Construction and Transport, has presented major plans regarding public transport to the Economic Affairs Committee of... 2024.11.14.
Precision and Power: Defense Forces Hold Spectacular Live-firing Exercise An artillery live-firing exercise called Harci Szellem 2024 ("Battle Spirit 2024") was held at the Bakonykúti (western Hungary) firing range,... 2024.11.14.
Key Aviation Industry Firm Announces Cooperation with Air Serbia The hangars of Aeroplex at Liszt Ferenc International Airport (Budapest) are full to capacity, indicating the company's continued growth and... 2024.11.13.
Investing in Republika Srpska Means a “Win-win Situation” Foreign Minister Péter Szijjártó (L) with Milorad Dodik, President of Republika Srpska. The example of Hungary clearly demonstrates that it... 2024.11.13.
China’s CRRC Brings Advanced Shunting Locomotives to Hungary CHA1B1 Hybrid Shunting Locomotive China’s Ministry of Transport is set to deliver 20 shunting locomotives from CRRC, China’s leading railway... 2024.11.13.
Fight against Climate Change Should Not Put Farmers at a Disadvantage "Our country is committed to fighting climate change, but we cannot jeopardize the competitiveness of farmers and the security of... 2024.11.13.
Green Light for Auchan Hungary Acquisition, Boosting Local Ownership The final piece of the puzzle has been put in place with the clearance of the acquisition of Auchan Hungary... 2024.11.13.
Latest Statistics Show Strong Wage Growth and Rising Employment Rates The latest data from the Hungarian Central Statistical Office (KSH) offers insights into the country's labor market, focusing on wage... 2024.11.13.
Richter Sees Robust Sales Fueled by Pharma Revenue Gedeon Richter’s headquarters in Budapest. Consolidated sales of Gedeon Richter amounted to HUF 636.4 billion (EUR 1.5 billion) in the... 2024.11.13.
Chiefs of General Staff of Hungary and North Macedonia Strengthen Ties The armies of North Macedonia and Hungary are set to deepen their cooperation following an official meeting between Major General... 2024.11.13.
Stable Inflation Reflected in Moderate Price Growth for Consumers Consumer prices in October 2024, were on average 3.2% higher than a year earlier. On average, they rose by 0.1%... 2024.11.13.
Hungarian Students Excel in Digital Literacy Hungarian students have excelled in the International Computer and Information Literacy Study (ICILS), surpassing the global average with a score... 2024.11.12.
