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Hungary news

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….
Young couple with newborn baby/Pixabay

KINCS Hosts Conference on the Importance of Mental Health

The Kopp Mária Institute for Demography and Families (KINCS) held a conference to mark World Mental Health Day on 10 October, unveiling a survey that found that the happiest individuals in Hungary are those living in a marriage or raising…

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….

Viktor Orbán Holds Bilateral Talks in Georgia, Will Attend Chinese Forum that Includes Putin

Viktor Orbán met the Georgian prime minister this week. He is expected to also attend a forum in China, where Vladimir Putin will also be present. This could be the first time the two meet since the beginning of the…
Hungarian Foreign Minister Péter Szijjártó talking to his South Korean counterpart on 11 October 2023.

Foreign Minister Condemns North Korea’s Nuclear Threats and Highlights Global Security Challenges

In a recent Facebook post, Péter Szijjártó informed that he had a phone conversation with the South Korean Foreign Minister Park Joo, in which they discussed not only issues of bilateral cooperation but also the significant challenges facing international security….

Installation of New Beverage Packaging Recycling Machines in Hungary’s Retail Stores Begins

From 1 January, a new beverage packaging return system will be introduced in Hungary, where all beverage packaging labelled for return, including single-use glass, metal, and plastic bottles, will be eligible for return. When purchasing, customers will pay a uniform…

Large-Scale Expansion Investment to Create 280 New Jobs in Hungary

Nestlé Hungária Kft.’s recent capacity expansion investment in Bük is set to create 280 new job opportunities, marking yet another milestone in Hungary’s impressive year of record-breaking investments, exports, and employment, Minister of Foreign Affairs and Trade Péter Szijjártó made…

Hungarian Painting Sells for 115 Million HUF at the Kieselbach Gallery’s Autumn Auction

According to the Kieselbach Gallery’s statement, this artwork, which evokes the spirit of the Paris School, Cézanne’s blues, the antique sculptures of the Louvre, and Henri Matisse’s nude painting, is one of the most beautiful still lives in modern Hungarian…

European Airline Stocks Plummet Due to Palestinian-Israeli Conflict

Airlines are systematically cancelling or suspending their flights to Israel since the Palestinian terrorist organization Hamas launched a comprehensive attack on the Jewish state on Saturday morning, resulting in hundreds of casualties. This resulted in significant drops in the companies’…

The 16th Korean Film Festival Opens this Week in Budapest

The opening film of the festival is Kim Hee-jung’s 2023 work titled Where Would You Like to Go? which, like the director’s previous films, deals with a profound life event and, more specifically, the altered perception of reality resulting from…

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