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Government Expects Sustainable Growth and Competitiveness in 2024

Minister for National Economy Márton Nagy presented the new competitiveness strategy for 2024⁠–⁠2030 adopted by the government at a press conference held in Budapest on Monday. According to him, economic growth between 2 to ⁠3 per cent is expected this…
Péter Szijjártó with Qatari Finance Minister Ali bin Ahmed Al Kuwari in Doha on 31 January 2024.

Foreign Minister Discusses Purchase of Qatari LNG, Hungarian Hostages in Hamas Captivity in Doha

Péter Szijjártó welcomed the continuous development of bilateral economic relations and the breaking of export records. He also praised Qatar’s role in the release of some hostages abducted by Hamas, including three Hungarian citizens, and revealed that another Hungarian citizen…

Hungary Breaks Records in Investments and Exports in 2023

This year, Hungary is set to break both investment and export records, with incoming foreign direct investment doubling from the previous year to €13 billion and Hungarian exports increasing from €142 billion in 2022 to €150 billion….

Dreher Breweries to Invest Over 100 Billion HUF in Decade-Long Overhaul

Next year marks the 170th anniversary of Dreher Breweries, which will embark on its largest-ever investment programme, valued at over 100 billion forints, the most massive development in the history of Hungarian brewing….

Hungarian Construction Companies Help Rebuild Azeri Region, Minister Szijjártó Announces

The Foreign Minister stressed the importance of Azeri-Hungarian cooperation, which he claims has greatly helped Hungary in energy security in the past decade, and called on Brussels to ‘do more than nudging’ to help member states diversify their energy sources….

Cyber Winds: The East Asian Investments That Fill Hungary’s Infrastructural Sails

From the inception of post-Soviet Hungary, East Asian relations have been oriented towards trade as well as knowledge and information exchange. With the opening up of the Hungarian economy, foreign direct investment (FDI) began to flow in from Taiwan, China,…
Youth at the 32nd Tusványos Summer Festival on 18 July 2023.

Hell Energy Develops New Energy Drink Using Artificial Intelligence

The recipe is kept secret and stored on a computer with high-level security measures, with a backup copy being held in a Swiss vault, the Hungarian energy drinks company highlighted in a statement….
European flags on the background of the European Parliament.

EU Adopts Newest Sanctions Package Against Russia, Hungary Achieves Exemption

The Hungarian government has secured an exemption regarding the maintenance of Russian metro cars, allowing the sanctioned Moscow-based company to once again deliver parts to Budapest….

Dreher Invests Seven Billion Forints in Can Production

With the establishment of the new production hall, modern laboratory, and the deployment of one of the most advanced production lines, the company is getting closer to its sustainability goals. Dreher aims to make its production processes carbon neutral by…

The Issues with Ukrainian Food Product Imports — A Headache for European Agriculture

Four Central European countries, Poland, Hungary, Slovakia, and Bulgaria, have announced bans on foodstuff imports coming from Ukraine. Meanwhile, Romania has joined them in demanding action from the EU to address these concerns. The five countries are estimated to have…

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