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transformation

Hungarian PM Viktor Orbán at the Eurasia Forum in Budapest on 21 November 2024

PM Orbán: ‘We are the living idea of Eurasia’

‘Europe must break out of this echo chamber, find its place in its relationship with Asia, and recognize that it is part of the Eurasian region. It must leverage all the advantages this position offers, because without doing so, we…
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….

Media Authority Publishes Study on the Changing Landscape of Cinemas in Hungary

Despite the surge in online streaming services, the study emphasizes, it is premature to underestimate the significance of films screened in theatres. In 2023, film distributors in Hungary reported a successful year with ticket revenues reaching nearly 22 billion forints…

Digital Citizenship Expected to Bring Revolutionary Change to Hungary

A trial period for the app will start in April with the involvement of several tens of thousands of users, and will be launched for citizens across the board in September. From that time on, citizens will be able to…

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….

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….

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