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Families Prefer to Keep Savings in Government Bonds, Ministry Says

As a result of a series of government initiatives, both households and institutional players have significantly increased their holdings of government bonds. In an unprecedented manner, households now hold a larger amount of government bonds than bank deposits….

Privatization of MÁV Vagon: A Major Transformation in Hungary’s Railway Vehicle Industry

Magyar Vagon Ltd. is affiliated with the President and CEO of MOL, Zsolt Hernáda, who, as of the 2023 edition of the list, is the seventh most influential individual in Hungary….
The new Omya plant in Eger.

International Confidence in Hungary’s Economy Soars as Last Year’s Record Investments Double in 2023

In his remarks at the inauguration of a new granulation plant established by Swiss Omya in Eger, Minister of Foreign Affairs and Trade Péter Szijjártó highlighted that this year a record €6.5 billion worth of foreign investments have materialized in…

President Novák, PM Orbán Congratulate Nobel Laureate Katalin Karikó

After the announcement yesterday of Katalin Karikó being awarded the Nobel Prize in Physiology or Medicine in 2023, a wave of congratulations poured in from Hungarian politicians. She also shared some thoughts about her scientific journey and life philosophy in…

Katalin Karikó Has Been Awarded the 2023 Nobel Prize in Physiology or Medicine

Katalin Karikó and Drew Weissman have been awarded the 2023 Nobel Prize in Physiology or Medicine for their development of mRNA-based vaccine technology, which has been successfully used in the fight against the COVID-19 pandemic….

Government Supports Economic Development, Job Creation, and Families through Energy Policy

Csaba Lantos stated that to aid families, the government continues to provide reduced utility prices, making Hungary home to the cheapest household natural gas and electricity prices in Europe….

Prestigious Motor Racing Events May Be Held in Hungary Again

As reported on motogp.com, under the previously signed and now updated agreement, Dorna and HUMDA aim to have the Balaton Park Circuit included as a venue in the 2024 Superbike World Championship calendar, where it would serve as a reserve…

Katalin Novák: There is No Alternative to Peace

In her remarks at the UN, the Hungarian President noted: ‘We know that peace can only become a real possibility when at least one party realized that the time for negotiations has come.’ She added: ‘We cannot decide on behalf…

Hungarian Company Acquires Two of the Largest Domestic Online Marketplaces

The new Hungarian owners aim to protect their users by already having local customer service in place for the Jófogás, Vatera.hu, Használtautó.hu, and Ingatlan.com marketplaces. They plan to compete with global players with world-class operations driven by a local touch…

Katalin Novák Delivers Speech on Sustainable Development in New York

In her remarks at the UN, the Hungarian President emphasized her intention to amplify the voices of those who endure war, recalling her recent visit to Ukraine. As her second message, Novák drew attention to the dangers threatening societies when…

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