Average gross wages at the beginning of the year were around HUF 605,000 (EUR 1,532), according to data from the Central Statistical Office (KSH).

The Monetary Council of the Hungarian National Bank (Magyar Nemzeti Bank, MNB) cut the base rate by 75 basis points to 8.25 percent.

The Hungarian subsidiary of the German Rheinmetall Group has laid the foundation stone of a new factory in the immediate vicinity of the ELI-ALPS laser center in Szeged.

Turnover in the Hungarian media and communications market increased in nominal terms last year.

Sz. Variáns Kft, a manufacturer of paper-based packaging materials, is planning to invest HUF 1 billion (approx. EUR 2.5 million) over the next five years to increase its capacity.

Test drillings for the construction of pumped storage power plants are beginning near Sajóivánka (Borsod County) and Markaz (Heves County).

The Schedl Group is making parallel greenfield investments at two locations with an investment of HUF 40 billion (approx. EUR 100 million).

According to the Ministry of Defense, NATO’s DIANA innovation programme is establishing new locations in Hungary.

Botlik Trans Kft. has built a technical testing center, a repair base and a truck wash in Tát with an investment of almost HUF 600 million (EUR 1.5 million).

The University of Debrecen will establish a battery research laboratory in its industrial park in cooperation with the companies that will settle there.