Swiss Automotive Giant Feintool Relocates to Hungary, Leaving Germany Behind Swiss automotive multinational company Feintool has announced the closure of its plant in Baden-Württemberg, Germany, and the relocation of its... 2024.12.12.
Economic Impact of Christmas Markets: Boost for Tourism and Retail Sectors Experiential spending in Europe, emerging during the pandemic, continues to be a feature. Christmas markets are a major attraction, attracting... 2024.12.03.
Manufacturing Sector Rebounds with New Orders and Production Volume Growth The seasonally adjusted November Purchasing Managers Index (PMI) stood at 50.3, with respondents reporting a slight expansion in November compared... 2024.12.03.
2024 Marks Sports Tourism Milestone thanks to Running Events In recent years, Hungary has cemented its place on the global sports tourism map, and 2024 marks an impressive leap... 2024.12.02.
Dunavarsány Becomes Regional Hub for South Korean Food Industry South Korea's largest food company will build its first Central European factory in Hungary, creating 200 new jobs in Dunavarsány... 2024.11.21.
MOL Secures Third Spot in CEE Rankings, despite Decline in Revenue MOL's Tiszaújváros (northern Hungary) plant. After three years, the automotive and transport sectors have regained the lead, but 2024 does... 2024.11.20.
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.
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.
2025 Budget: Focus on Economic Growth and Fiscal Discipline Finance Minister Mihály Varga (L) hands over the 2025 draft budget to János Latorcai, Vice President of the National Assembly.... 2024.11.12.
Credit Agency Affirms Investment-Grade Rating, Proving Economic Resilience The Berlin-based Scope Ratings has confirmed Hungary's investment-grade rating with a stable outlook, the Finance Minister said on his Facebook... 2024.11.11.
Economic Neutrality and Investments to Offset Dependence on German Economy According to calendar-adjusted data of the Hungarian Central Statistical Office (KSH), the volume of industrial production decreased by 5.4 percent... 2024.11.07.
From “Made in Hungary” to “Invented in Hungary”: Vision for Battery Innovation The government's goal is for Hungary to become a European research and development (R&D) center for battery technology by 2030... 2024.11.07.
Unicum Fever Hits Germany: Zwack’s Export Sales Skyrocket Unicum is an herbal liquor. The beverage manufacturer Zwack's revenues grew nicely in the first half of this financial year,... 2024.11.06.
Wine Prices and Exports Surge, Driven by Rising Demand for White Varieties In the nine months so far this year, the domestic selling price of domestic wine has risen by 7 percent... 2024.11.04.
Navigating Economic Headwinds: Growth Ambitions Amid Effects of German Slowdown The third quarter GDP data came as a huge negative surprise, as reported by the Hungarian Central Statistical Office (KSH).... 2024.11.04.
BYD’s Szeged Plant Takes Shape: Drone Footage Reveals Progress In just a few weeks, the BYD factory in Szeged (southern Hungary), which is expected to be in production in... 2024.10.30.
Increasing Interest in Cheese Production Fuels Dairy Sector Growth Many people have started a dairy business in recent years, and most of them see cheese making as a new... 2024.10.29.
S&P Reaffirms Ratings in Hungary’s Economic Resilience and Growth Potential Standard and Poor's has confirmed that it continues to recommend Hungary for investment, with the three major rating agencies all... 2024.10.28.
Slovakia Follows Hungary’s Example in Minimum Wage Increase In Slovakia, the minimum wage will rise to 60 percent of the national average wage in 2024 from 2026, writes... 2024.10.24.
Record Demand for Food Industry Grants: HUF 708 Billion in Applications There is huge interest in the renewal of the food industry, as over HUF 708 billion (EUR 1.7 billion) of... 2024.10.21.
MG Strengthens its Position in the Hungarian New Car Market The MG brand continues to gain market share in the Hungarian new car market, and the dealer network is still... 2024.10.14.
