MTI

Deals

Hungary to Acquire Controlling Stake in GySEV

The state of Hungary could acquire Austrian construction company Strabag's stake in GySEV, giving it a majority holding in the...

Government

Hungarian Economy on ‘Cusp of Recovery’, Orbán Says

Hungary's economy has moved past a "very difficult period" and is "on the cusp of recovery", Prime Minister Viktor Orbán...

EU

CJEU Rules Hungary Price Caps on Staples Violated EU Law

The Court of Justice of the European Union (CJEU) said that price caps Hungary's government earlier mandated for staples such...

EU

Gulyás: Hungary to Seek Compensation for Border Protection Costs From EU

The Hungarian government will request that the European Union compensate the country for costs incurred in protecting the bloc's external...

EU

Bóka: Competitive EU Impossible Without Competitive Member States

A competitive European Union is impossible to bring about without competitive member states, the minister for EU affairs told an...

Energy

Energy Affairs Ministry Announces Hydrocarbon Concessions Tenders

Hungary's Energy Affairs Ministry on Wednesday announced tenders for hydrocarbon concessions in eight areas, according to a report by state...

Construction

Évosz Advocates Allowing Use of Pension Savings for Home Purchase, Renovation

The National Federation of Hungarian Building Contractors (Évosz) said it advocated allowing Hungarians to use their savings in voluntary pension...

EU

All Conditions in Place for Successful Econfin Meeting – Varga

All conditions are in place for a successful informal meeting of European Union economy and finance ministers in Budapest on...

Banking

K&H Bank After-Tax Profit Climbs 20% in H1

K&H Bank, the local unit of Belgium's KBC, posted an after-tax profit of HUF 66.9 bln in the first half...

Art

Hungarian Film Inspired by Kabul Evacuation Starts Shooting

A film about Hungarian soldiers' participation in the 2021 evacuation of Kabul has started shooting, according to a report by...

Transport

LMP Launches Petition Calling For Transport Minister Lázár’s Resignation

Opposition LMP on Monday said it has launched a petition calling for the resignation of János Lázár, the construction and...

Energy Trade

MOL Reaches Agreements Securing Druzhba Crude Deliveries

Hungarian oil and gas company MOL on Monday announced that it concluded agreements to secure the continuous transport of crude...

Innovation

AI Plays ‘Key Role’ in Development Policy Decisions – Minister

Artificial intelligence plays a "key role" in development policy decisions, Public Administration and Regional Development Minister Tibor Navracsics said at...

Awards

Opus Jazz Club Gets Prestigious European Award

The Opus Jazz Club operating the building of the Budapest Music Centre (BMC) has been granted the prestigious professional Award...

Figures

Hungarian Fuel Prices Favourable, Says Ministry

Gasoline prices at the pump in Hungary were under the average in neighboring countries in the month of August, data...

Analysis

Hungary’s Business Confidence Improves in September

Business sentiment improved in Hungary in September, while consumer confidence remained largely unchanged, according to a monthly survey by economic...

Analysis

EBRD Maintains Hungary Growth Forecast at 1.8% for 2026

The European Bank for Reconstruction and Development (EBRD) forecasts Hungary’s economy will expand by 1.8% in 2026 and 2.5% in...

Government

Magyar Casts Doubt on Tisza Support for Chief Prosecutor Nominee

PM Péter Magyar said Monday that the ruling Tisza Party was unlikely to support Zoltán Szathmáry’s nomination as chief public...

Magyar Invites Pope Leo XIV to Hungary After Vatican Talks

Prime Minister Péter Magyar invited Pope Leo XIV to visit Hungary during a private audience at the Vatican on Sept....

Hungary’s Business Confidence Improves in September

Business sentiment improved in Hungary in September, while consumer confidence remained largely unchanged, according to a monthly survey by economic...

EBRD Maintains Hungary Growth Forecast at 1.8% for 2026

The European Bank for Reconstruction and Development (EBRD) forecasts Hungary’s economy will expand by 1.8% in 2026 and 2.5% in...

EC Proposes Unlocking EUR 4.2 Bln in Funding for Hungary

The EC has proposed that the Council reinstate EUR 4.2 bln in suspended cohesion funding for Hungary and restore access...

Former Central Bank Governor Matolcsy Questioned as Suspect in Erste Case

Police have questioned seven suspects, including former National Bank of Hungary Governor György Matolcsy, in an investigation into alleged abuse...

EU Project Pre-Financing Pushes August Budget Deficit to HUF 2.31 tln

Hungary’s cash flow-based general government deficit reached HUF 2.31 tln in August, driven overwhelmingly by pre-financing for projects supported by...

Magyar Casts Doubt on Tisza Support for Chief Prosecutor Nominee

PM Péter Magyar said Monday that the ruling Tisza Party was unlikely to support Zoltán Szathmáry’s nomination as chief public...

Government to Terminate MKIF Motorway Concession, Magyar Says

Hungary’s government will terminate its motorway concession contract with MKIF and file a formal complaint, Prime Minister Péter Magyar said...

BMW Debrecen Adds Third Shift to Meet Strong iX3 Demand

BMW is introducing a third shift at its Debrecen factory and moving to 24-hour operations to accelerate production of its...

Budapest Repays HUF 67 bln Overdraft but Faces HUF 86 bln Solidarity Bill

Budapest has repaid a HUF 67 bln overdraft after receiving local business tax advances, but the capital still needs a...

All Hungarian University Students to Regain Erasmus Access by October, Official Says

Hungarian university students will have the opportunity to participate in the Erasmus mobility program by October, with some able to...

Hungarian Teen Detained Over Alleged Terrorist Threats After FBI Tip

Hungarian police have detained a 16-year-old boy in Győr on suspicion of making terrorist threats after the FBI alerted authorities...

House of Terror Museum to Close Temporarily as Tarr Dismisses Director Mária Schmidt

Budapest’s House of Terror Museum will close temporarily for a clarification of rights issues, Culture and Social Relations Minister Zoltán...

Hungary to Direct HUF 90 bln From Tobacco Tax Increases to Healthcare

Hungary will use revenue from higher tobacco excise duties to provide additional funding for healthcare, the government said Tuesday, citing...

Hungary Selects Ildikó Enyedi’s ‘Silent Friend’ as Oscar Entry

Ildikó Enyedi’s “Silent Friend,” starring Tony Leung Chiu-wai, will represent Hungary in the int'l feature film category at the 99th...