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Hungary news

Viktor Orbán Highlights Economic Opportunities for Hungary in German Industrial Transition

According to Prime Minister Viktor Orbán, Hungary will gain significant economic benefits by participating in the transformation of German industry. He believes that both Germans and Hungarians have a vested interest in the interconnectedness of the global economy….

Economy Minister Meets with Leading High-Tech Battery Industry Representatives

On Thursday Minister for National Economy Márton Nagy held a special meeting with representatives from SK ON Hungary and CATL Debrecen, two of the largest and most influential high-tech battery industry companies. The parties reviewed the international situation of the…

Tokaji Aszú Recognized as Best in Show by Decanter World Wine

Among the Hungarian wines entered, the jury awarded one Best in Show title, four platinum medals, thirteen golds, fifty-six silvers, and sixty-seven bronzes….

‘Making the European Union competitive again will be Hungary’s top priority’ during EU Presidency, State Secretary Says

Barna Pál Zsigmond went on Hungarian public media to talk about Hungary’s upcoming presidency of the Council of the European Union. He named restoring Europe’s economic competitiveness and advancing the Western Balkan nations towards EU accession as the administration’s two…

€15 Million BMW Software Development Tender Won by Hungarian Firm

The Gloster Group announced on Wednesday that it won BMW’s €15 million industrial software development contract through a multi-round international tender….

Alleged Drug Dealer Operating on Dark Web Detained in Hungary with FBI Help

The 35-year-old suspect, apprehended in Vértesszőlős, Hungary never physically handled the drugs, he only acted as a middleman on the dark web, making a profit from a turnover of around 100 million HUF (€250,000), which he used for buying property….
An EV charging station in Budapest

Hungary Ranks Third in Europe for Green Car Growth in May

Examining the performance of the first five months of 2024, Hungary also ranks among the top in the spread of clean and quiet vehicles. From January to May, nearly one and a half times more purely electric cars were registered…

Hungary Lose Second Group Game to Hosts Germany at Euro 2024

After a 3–1 loss to Switzerland and a 2–0 loss to Germany, Hungary sits pointless at the bottom of Group A at Euro 2024. However, they can still advance to the Round of 16, if they manage to beat Scotland…

Hungarian Ice Cream Maker Ádám Fazekas Ranked #1 in the World by Gelato Festival

The famous Hungarian ice cream and gelato chef, winner of the Gelato Festival 2024, runs the Fazekas cake shop in the 16th district of Budapest. He was placed #2 in the same ranking in 2022….

Fitch Ratings Report Highlights Eximbank’s Strategic Role in Export Financing

Fitch Ratings confirmed Eximbank’s investment-grade rating. The bank’s senior unsecured bonds also received a ‘BBB’ rating. The bank’s international rating matches Hungary’s sovereign rating due to EXIM’s statutory full faith and credit guarantee provided by the Hungarian state, as noted…

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