MTI

EU

Szijjártó: Hungary Continues to Promote Soonest Possible EU Enlargement

Hungary continues to promote European Union enlargement as soon as possible because the community has been for years in great...

History

Orbán Congratulates Jimmy Carter on 100th Birthday

Prime Minister Viktor Orbán congratulated former U.S. President Jimmy Carter on his 100th birthday in a letter on Tuesday, the...

Analysis

Hungary PMI Rises Close to 50-point Mark

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 49.7 points in September, rising from 47.7 points in August, the Hungarian...

Parliament

Kövér: Parliament to Start Debating 2025 Draft Budget in mid-November

Parliament is expected to start debating the 2025 draft budget in mid-November and approve it in mid-December, Speaker of Parliament...

MNB

MNB Raises Gold Reserves to 110 Tonnes

The National Bank of Hungary (MNB) has decided to raise the volume of monetary gold in its international reserves from...

Residential

More 1st-time Homebuyers Enter Market

The number of first-time homebuyers has increased somewhat compared to last year, according to data by Duna House....

Awards

Liget Budapest Acknowledged at International Travel Awards

Liget Budapest Project, a cultural development in the capital's City Park, was acknowledged as "Best Tourism Development Project" and "Best...

Energy Trade

Stored Natural Gas Rises to 6 bln Cubic Meters

With 6 billion cubic meters of natural gas in storage facilities, Hungary is suitably prepared for winter, the energy ministry...

Tourism

Hungary Celebrates World Tourism Day With Record Numbers

Hungary is celebrating World Tourism Day after a record summer, the Hungarian Tourism Agency said on Friday, according to a...

City

Karácsony: ‘We Have Taken Our City Back’ From Flood

The embankments on both sides of the Danube in Budapest have been re-opened to traffic, Gergely Karácsony, the city's mayor,...

Analysis

EBRD Puts Hungary GDP Growth at 1.8% in 2024, 3.3% in 2025

The European Bank for Reconstruction and Development (EBRD) forecasts Hungary's GDP will grow by 1.8% in 2024 and 3.3pc in...

World

Szijjártó Calls for Prevention of Regional War in Middle East

Foreign Minister Péter Szijjártó on Wednesday called for "sobriety" on the part of the countries in the Middle East in...

Government

Orbán: Rivers Receding Fast

The upper section of the Danube is fast receding, and 510 km were being protected on Monday, 200 km less...

Int'l Relations

No Hungarian Casualties Reported in Krakow Shooting, Ministry Says

Hungary’s Foreign Ministry said Saturday evening that it had no information indicating any Hungarians were among the casualties of a...

Banking

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

Domestic

Hungary Seizes HUF 1.5 bln in Pandemic Equipment Money Laundering Probe

Suspects were detained and HUF 1.5 bln in assets seized in raids targeting an alleged money laundering ring linked to...

Retail

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

No Hungarian Casualties Reported in Krakow Shooting, Ministry Says

Hungary’s Foreign Ministry said Saturday evening that it had no information indicating any Hungarians were among the casualties of a...

Budapest and UNICEF Hungary Partner to Involve Young People in Climate Planning

Budapest and UNICEF Hungary have signed a cooperation agreement to involve young people in urban sustainability planning. The new Cities...

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

MOL Gets U.S. Clearance for Preparatory Steps in NIS Acquisition

MOL has received a U.S. sanctions license authorizing certain preparatory transactions related to its potential acquisition of a stake in...

Magyar Telekom Q3 Profit Rises 7.5% as Revenue Grows

Magyar Telekom’s Q3 net income rose 7.5% year-on-year to HUF 59.5 bln, supported by similar revenue growth. The company reaffirmed...

Hungary Makes Christmas Eve a Public Holiday Starting in 2026

December 24 will become a public holiday in Hungary starting this year after Parliament unanimously approved a bill submitted by...

Parliament Elects Péter Fejes as Hungary’s Chief Public Prosecutor

Parliament elected Péter Fejes as Hungary's chief public prosecutor Tuesday, approving President András Baka's nominee with 139 votes in favor...

More Than 200 WWII Explosives Found at Budapest Construction Site

Bomb disposal specialists recovered more than 200 World War II explosive devices and fragments at a construction site on Üllői...

Hungary Considers Eurovision Return in 2027

Hungary is considering a return to the Eurovision Song Contest in 2027 after last competing in 2019. Public media said...

EP Vice President Welcomes Hungary’s Reforms, Says Concerns Remain

European Parliament Vice President Sophie Wilmès welcomed changes under way in Hungary since the April election, describing reforms as encouraging...

Hungary Proposes 15% Corporate Tax Rate for Large Companies

The government has submitted a bill that would raise Hungary's corporate tax rate from 9% to 15% for companies with...

Hungary Seizes HUF 1.5 bln in Pandemic Equipment Money Laundering Probe

Suspects were detained and HUF 1.5 bln in assets seized in raids targeting an alleged money laundering ring linked to...

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Hungarian Banks Seek Gradual Reduction in 45% Effective Tax Burden

Hungarian banks hope for a “slow but certain” reduction in their tax burden, Hungarian Banking Association President Radovan Jelasity said...