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Transport

Railways Central to Nagy Meeting With Chinese EXIM Bank Chief

Minister of National Economy Márton Nagy received Ren Shengjun, CEO and Deputy President of the Chinese Export-Import Bank, in his...

Agriculture

Slaughterhouse Prices Fell Over 10% in July

The slaughterhouse price of pigs and chickens was lower at the end of July than a year earlier, according to...

Green Energy

Enlight’s 5th Solar Plant in Hungary Starts Ahead of Schedule

Enlight Renewable Energy Ltd. has commenced commercial operations at a 60-MW solar photovoltaic (PV) plant in Hungary, marking its fifth...

Residential

Sublet Market Prices Increased in July

The rise in prices continued on the national and Budapest sublet markets in July, which also marked the beginning of...

Construction

Hungary’s Construction Sector Performance Mixed in June

The Central Statistical Office (KSH) released its latest data on Hungary's construction sector, revealing a mixed performance with an overall...

In Budapest

August 20 Fireworks Expected to be Among World’s Largest

Hungary is organizing Europe's grandest fireworks show this year on August 20, which will also be one of the largest...

Sustainability

Budapest One’s All 3 Phases Achieve Highest Well Rating

The final two phases of Budapest One, located at Őrmező, Hungary's largest multimodal transport hub, have received the highest Platinum...

In Budapest

Gov’t Capping Prices for August 20 Festivities

The Hungarian government is organizing festivities between August 17-20 to celebrate the foundation of the Hungarian state, according to a...

Crops

Size of Drought-Damaged Areas Increasing

The size of drought-damaged areas had reached 75,000 hectares by the beginning of August and has been increasing by several...

Manufacturing

Industrial Production Declines Markedly in June

The latest data on industrial production reveals a decline, highlighting the challenges faced by the industry in recent months. In...

Retail

Retail Sales Rise Year-on-year in June

In June 2024, the Central Statistical Office (KSH) reported a 2.6% increase in Hungarian retail sales compared to the same...

Trade

External Trade Surplus Reaches EUR 1.1 bln in June

According to the data by the Central Statistical Office (KSH), the external trade surplus amounted to EUR 1.1 billion, demonstrating...

Figures

June Sees 2.7% Rise in Industrial Producer Prices

In June 2024, Hungary witnessed a noticeable change in its industrial producer prices, which increased by 2.7% compared to the...

EU

Szijjártó Presses Brussels Over Inaction on Crude Deliveries

Minister of Foreign Affairs and Trade Péter Szijjártó demanded answers from Brussels over a lack of action on Ukraine's decision...

Automotive

Nearly 60,000 Pure EVs on the Road in Hungary

The number of purely electric vehicles (EVs) in Hungary reached 59,209 by the end of June 2024....

Culture

Patience Still Required From Those Wanting Cultural Funding Reform

Dávid Zsoldos, president of the Hungarian Music Council, talks to the Budapest Business Journal about how cultural funding has evolved...

Social

Annual Bonfire Night Charity Celebration Returns Nov. 5

The team behind expat portal XpatLoop.com will host its annual Bonfire Night charity fundraiser Thursday, Nov. 5, combining an evening...

Pollution

Dongwha Plant’s Environmental Permit Revoked in Hungary

The environmental permit for South Korea’s Dongwha electrolyte manufacturing and NMP recycling plant in Sóskút has been revoked following an...

Energy

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

Patience Still Required From Those Wanting Cultural Funding Reform

Dávid Zsoldos, president of the Hungarian Music Council, talks to the Budapest Business Journal about how cultural funding has evolved...

EU Fast Track to Unicorn Status Thru Little-known State Aid

An EU state subsidy that has long been under the radar allows companies to make it big on the European...

Upcoming German-Hungarian Business Forum at Kecskemét

What opportunities does the next chapter of German-Hungarian economic cooperation hold? The German-Hungarian Business Forum will explore the challenges and...

Hungary to Open Communist-Era Secret Service Files on November 4

Hungary’s government will make communist-era secret service documents public on Nov. 4, fulfilling one of the ruling Tisza Party’s main...

House of Music Hungary Takes Programs Beyond Budapest

House of Music Hungary marked International Music Day on Oct. 1 with a press conference outlining plans to expand its...

Michelin Celebrates 30th Anniversary of Presence in Hungary

Michelin celebrated the 30th anniversary of its presence in Hungary at an anniversary event at its Nyíregyháza facility (231 km...

Magyar Congratulates Serbia’s Student List on Election Victory

Prime Minister Péter Magyar congratulated the leaders of Serbia's opposition Student List in a phone call after their victory in...

Budapest’s Castle District Proposes Short-Term Rental Ban From 2028

Budapest’s District I council has published a draft decree that would ban short-term rentals in the Buda Castle area from...

Citi Appoints Zoltán Schwardy as Country Officer and Banking Head for Hungary

Citi has announced the appointment of Zoltán Schwardy as Citi country officer (CCO) and banking head for Hungary, effective Sept....

Hungary’s Gross Wages Rise 8.4% to HUF 740,600 in August

Average gross monthly earnings for full-time employees in Hungary rose 8.4% year-on-year to HUF 740,600 in August, according to the...

Annual Bonfire Night Charity Celebration Returns Nov. 5

The team behind expat portal XpatLoop.com will host its annual Bonfire Night charity fundraiser Thursday, Nov. 5, combining an evening...

Dongwha Plant’s Environmental Permit Revoked in Hungary

The environmental permit for South Korea’s Dongwha electrolyte manufacturing and NMP recycling plant in Sóskút has been revoked following an...

Budapest Mayor Announces ‘Wave of Development Projects’

A “wave of development projects” will begin in Budapest soon, Mayor Gergely Karácsony said this week. Investments will proceed with...

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

Budapest Reaches 100 Short CAF Trams as Fleet Expansion Continues

Budapest’s 100th short CAF tram has entered service, marking a milestone in the capital’s fleet renewal program, the Budapest Transport...