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.
Hungary’s EU Presidency Focuses on Strengthening Research and Innovation Balázs Hankó, Minister of Culture and Innovation, addressed the European Parliament’s Industry, Research, and Energy Committee (ITRE) in Brussels, focusing... 2024.11.22.
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.
Chinese Loan to Finance Long-awaited Modernization of Dunaújváros Steel Factory The first positive news in months comes from Liberty Steel, buying the assets of Dunaferr, a major player in Hungarian... 2024.08.05.
Western Hungary’s Century-old Brickworks: one of the most Modern Factories in Europe The Kőszeg Brickworks (Wienerberger Téglaipari Zrt.) is a factory with a long history and even greater importance in western Hungary.... 2024.07.01.
Leaders of BMW, Vodafone, and Deutsche Telekom Pay a Visit to PM Orbán Prime Minister Viktor Orbán engaged in discussions with leaders of the European Round Table for Industry (ERT) at the Carmelite... 2024.06.11.
Romanian Plastics Giant TeraPlast Enters the Hungarian Market with Two Plants One of the largest plastics processors in the region has arrived in Hungary, writes Világgazdaság. With the acquisition of the... 2024.05.29.
Over a Thousand Hungarian Railway Carriages Headed for Egyptian Railway Tracks One of the largest export projects in the history of Hungarian industry is underway in Egypt, where 914 Hungarian-made railway... 2024.04.23.
Hungary Closing the Gap with Other Developed Countries Hungary's connectivity strategy appears to be yielding positive results, as highlighted by Philip Pilkington, an economist and external fellow at... 2024.04.19.
Minister for National Economy States Economic Growth Will Resume Next Year The Minister for National Economy declared in Debrecen that economic growth will resume next year, expecting a 4.1 percent expansion... 2024.04.18.
France’s Alstom Invests Billions in Its Northern Hungarian Plant Hungary is confidently returning to the path of economic growth this year, thanks to record investment, and next year it... 2024.04.12.
Four Percent Economic Growth Sustainable, yet Deficit Climbs to Alarming Rate The government expects economic growth between two and three percent this year, with ambitions for a sustainable increase to around... 2024.03.26.
Minister of Defense Emphasizes Export of Hungarian Arms Industry In a move aimed at bolstering Hungary's defense capabilities, Minister of Defense, Kristóf Szalay-Bobrovniczky emphasized the need to export Hungarian... 2024.03.22.
The Hungarian Automotive Industry Soars Engine manufacturing in Szentgotthárd Most manufacturing sub-sectors recorded a decline, while the volume of output increased by 19.1 percent in... 2023.08.21.
Rheinmetall Plant in Zalaegerszeg Inaugurated Those who do not deal with the defense industry may think that we are acting in haste, but we have... 2023.08.18.
Agriculture Can Be the Savior of Economy Although last year's high base caused GDP to fall on an annual basis, on a quarterly basis it is now... 2023.08.15.
Viktor Orbán Meets Apollo Tyres Board Members Prime Minister Viktor Orbán received the board members of the Indian tire manufacturer giant Apollo Tyres at a working dinner... 2023.05.11.
Without Government Lending Programs There Would Be Recession, Minister Says Government credit programs such as the Széchenyi Card and the Re-industrialization Program to support businesses are expected to add about... 2023.05.05.
Pay Increases Handed Out Despite Economic Difficulties In January, 18 out of 19 industries saw their earnings growth rates exceed 10 percent, and two even crossed the... 2023.04.12.
Government Aims to Achieve Electricity Sovereignty by 2030 Hungary could cover its entire electricity needs from its own resources by 2030, including the electricity needs of new industrial... 2023.03.31.
Economy Will Be the Focus of the Government This Term The economy is the focus of the government that will operate between 2022 and 2026, Prime Minister Viktor Orbán said... 2023.03.10.
