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A Stadler FLIRT train on the Southern train bridge over the Danube in Budapest on 19 May 2023.

Stadler Partners with GYSEV to Introduce FLIRT Intercity Trains in Hungary

The signed contract consists of a basic order for nine vehicles and options for up to four additional vehicles. GYSEV has three months from the contract’s start to decide how many option trains to order from Stadler….

Hungary Outperforms EU Gas Consumption Reduction Targets for Second Consecutive Year

According to the Hungarian Ministry of Energy, Hungarian gas consumption, similarly to the previous cycle, decreased by a fifth in the last period observed, outperforming the compulsory target prescribed for EU member states….

Hungary Receives Additional 170 Billion HUF in EU Allocations, Looks to Strengthen Economic Growth in 2024

According to the minister’s briefing, this brings the total amount of EU funds allocated to Hungary in the past days to a substantial 470 billion forints. Last Thursday witnessed a transfer of €779.5 million (equivalent to 300 billion forints) from…
Finance Minister Mihály Varga at the award ceremony recognizing the best service dogs of the Hungarian National Tax and Customs Administration on 14 June 2022.

Tax Authority’s Shift to a Customer-Focused Mindset Has Proven a Success

Speaking at the National Tax Consultation event organized by the National Tax and Customs Administration (NAV), Finance Minister Mihály Varga stated that with the change in the tax authority’s mindset, NAV has succeeded in becoming a customer-friendly office. He highlighted…

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….

Hungary Climbs Two Positions in Global Wealth Ranking

This positive trajectory in Hungary’s financial landscape had an impact on the nation’s global ranking in terms of wealth. Hungary has advanced two positions, now sitting at 30th place among the world’s nations, demonstrating the country’s progress despite the challenging…

First Wave of Railway Developments Completed Near Debrecen

According to Minister Szijjártó, Hungary has undoubtedly become a leader in the continuously advancing automotive industry transformation, and the city of Debrecen has turned into an important global centre for the sector….

National Ambulance Service Acquires a Hundred and Seventy New Vehicles

The current development, funded by the government with two billion forints, is a significant step forward for the emergency system. Moreover, the budget for the healthcare sector for the coming year includes an additional 425 billion Hungarian forints….

Integrity Authority Publishes Thorough Report of 2022

The authority was established to protect the money of European Union taxpayers, making sure that it is spent appropriately and in a targeted fashion. However, their goal is more ambitious, aiming to initiate a kind of cultural change in the…

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