Bence Gaál

Trade

Hungary Trade Surplus at EUR 697 mln in July

Hungary's external trade in goods surplus stood at EUR 697 million in July 2023, according to data published by the...

Retail

Hungarian Retail Sales Keep Falling in July

In July 2023, Hungarian retail sales fell by 7.7% according to raw data, and by 7.6% when adjusted for calendar...

Telco

Increase in Hungarians’ Demand for Mobile Internet

Analysis from Yettel Hungary shows that Hungarians' demand for mobile internet has increased significantly, with August being the busiest month...

Automotive

LG Magna Building 1st European EV Parts Plant in Miskolc

LG Magna e-Powertrain, a joint venture (JV) between LG Electronics (LG) and Magna (Magna) formed in 2021, announced at IAA...

Logistics

Infogroup Completes 1st Phase of IGPark Kecskemét South

Just a few months after completing a 19,000 sqm hall in Miskolc, Infogroup has handed over another development: the first...

Transport

Flydubai Offering Special Fares to Exotic Destinations This Month

Dubai-based airline Flydubai is offering special fares to a number of popular holiday destinations including Dubai, Maldives, Sri Lanka, Thailand,...

Tourism

Tourism Nights Fall but Int’l Arrivals Rise in July

The number of tourist arrivals in Hungary rose by 4.3% in July compared to the same month of 2022, while...

Manufacturing

Ganz Transformers Ends H1 With ‘Better Than Expected’ Results

Ganz Transformers and Electric Rotating Machines achieved a "better than expected" growth in the first half of 2023, according to...

HR

Young Employees Loyal to Credible, Responsible Employers

Young employees want their employers' values to be aligned with their own and to be able to drive social change...

Transport

Budapest Airport Registers Nearly 1.5 mln Passengers in July

July became the fifth month in a row when traffic exceeded one million passengers at Ferenc Liszt International Airport, according...

Retail

Ikea Introduces ‘Shop and Go’ in Hungary

Swedish ready-to-assemble furniture retailer Ikea launched its "Shop and Go" service at all of its three Budapest stores this month,...

Green Energy

Hybrid Solar Plant Built by Astrasun Commissioned in Romania

In line with its regional expansion strategy, Astrasun Solar has completed the construction of a hybrid solar power plant with...

Transport

Next Gasoline Price Hike Coming Tomorrow

The wholesale price of both gasoline and diesel went up by seven forints per liter each on Wednesday, and the...

Int'l Relations

56th Anniversary of Establishment of ASEAN Celebrated in Budapest

On August 9, six ASEAN Embassies residing in Budapest, namely Indonesia, Laos, Malaysia, the Philippines, Thailand, and Vietnam, organized a...

Figures

Fuel Price Hike Coming This Wednesday

The rise in fuel prices shows no signs of slowing down, with the next price hike at domestic refueling stations...

Hungary Retail Sales Rise 4.3% in September as Non-Food Spending Leads Growth

Hungary’s retail sales volume rose 4.3% year-on-year in September 2026, driven by growth in non-food and automotive fuel sales, according...

K&H: Delayed Investments Deepen Agricultural Crisis

Hungary's agricultural sector remains under pressure after years of postponed efficiency-enhancing investments, with K&H Bank reporting that its Agricultural Confidence...

Hungary Targets Higher-Value Business Services as Sector Nears 120,000 Jobs

Hungary will make high-value business services a priority in its new investment promotion strategy, State Secretary for Foreign Economic Affairs...

Revolut Valuation Reaches USD 115 bln After Fundraising

Revolut has completed a fundraising transaction valuing the company at USD 115 billion, following a series of banking launches and...

MSD Hungary Managing Director Sean R. Smith to Take Global Role

Sean R. Smith will conclude his assignment as managing director of MSD Hungary at the end of 2026 and move...

Communication Holds the Key to Office Tenant Satisfaction, AmCham Panel Finds

Office tenant satisfaction depends as much on communication and cooperation as on a building’s technical performance, participants at an AmCham...

Hungary Publishes Communist-Era Informant Files Online

Hungary has made the names and personal details of tens of thousands of communist-era informants publicly accessible through a new...

Budapest Stock Exchange Turnover Jumps 24% in October

Equity turnover on the Budapest Stock Exchange (BSE) rose 24% month-on-month to HUF 701.8 billion in October, the exchange said....

Budapest’s Chain Bridge to Light Up in Swiss Colors on November 5

Budapest’s Chain Bridge will be illuminated in red and white on the evening of November 5 to mark the 80th...

Wizz Air Luton–Sofia Flight Diverted to Budapest After Bomb Threat

A Wizz Air flight from London Luton to Sofia was diverted to Budapest after receiving a bomb threat during the...

Hungary’s GDP Grows 1.5% in Q3 as Industry Offsets Drought Hit

Hungary’s GDP grew 1.5% year-on-year in the Q3 2026, supported by industry and services, while drought-hit agriculture held back the...

Hungary’s Natural Population Decline Widens as Births Fall 4.8% in September

Hungary recorded a natural population decline of 2,895 in September 2026 as births fell faster than deaths, preliminary data from...

Hungary’s First Mr D.I.Y. Store to Open at Köki Alongside Popeyes

Budapest’s Köki shopping center will welcome Hungary’s first Mr D.I.Y. store and the country’s fourth Popeyes restaurant in November. Footwear...

Regional Executive Salaries Near HUF 6 mln as More Managers Consider Job Changes

Regional executives typically earn gross monthly salaries of HUF 5.9 mln, while 76% of managers are open to changing jobs,...

Wise Launches Forint Investment Feature With 4.72% Variable Return

Wise has introduced an investment feature for forint balances, offering a variable annualized return of 4.72% after fees while retaining...