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Festival-goers at the EFOTT festival in Sukoró near Lake Velence on 10 July 2024.

Hungarian Festival Towns See Tripled Tourism and Revenue Gains

This summer the major music and dance events attracted thousands of visitors in Hungary, significantly boosting the local economies. The biggest beneficiaries of these multi-day events were the accommodation providers in the area of Lake Velence, in Debrecen, in the…

Thirteen Hungarian Companies Among the Thousand Fastest-Growing in Europe

The financial software developer Taxually, the manufacturing company Continest, and the logistics and transportation company United Shipping Hungaria have even made the top 100 on the Financial Times’ list. Minister of National Economy Márton Nagy hosted the top executives of…

Budapest–Belgrade Railway to Be Operational Sooner than Anticipated?

Another, earlier-than-ever date has emerged regarding the completion of the Hungarian section of the Budapest–Belgrade railway line. As before, the source of the information on the new date is the Serbian President….

2023 Tourism Figures Surpass Pre-Pandemic Records in Hungary

Nearly 16 million tourists spent over 41 million guest nights in Hungary last year, with the revenues of the hospitality sector seeing a double-digit growth, surpassing inflation….

Budapest–Belgrade Railway Expected to Become Strategic Hub Amidst Shifting Global Trade Routes

The transformation of global supply chains has accentuated the importance of the Budapest–Belgrade railway. As a result, the Belt and Road Initiative (BRI) may become profitable not in the widely reported 979 years, but in only a few years. If…

Strand Festival Begins Packed to the Brim

Norbert Lobenwein, one of the founders of the festival, stated that despite preparing for survival before the season, the Strand Festival started its first day with a full house and a lot of people are expected for the weekend as…
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….

Hungarian Company Hell Energy to Invest Over $200 Million in Azerbaijan

The facility aims to produce 700–800 million aluminium beverage cans annually, with approximately half of them filled, mainly to meet the demands of local and regional third-party brands. Additionally, the company plans to serve its own local and regional markets…
Robots at work at Esztergom's Suzuki plant in Hungary on 19 October 2022.

Magyar Suzuki Reaches Over 2 Billion Euros in Sales

For the seventh consecutive year, the company maintained a leading position in Hungary’s new car sales, achieving a market share of nearly 12.5 per cent with approximately 14,000 registered new cars in 2022. This means that every eighth new car…

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