Magyar Távirati Iroda

MTI (Magyar Távirati Iroda), which translates to "Hungarian Telegraphic Office," is a prominent news agency in Hungary, established in 1880, making it one of the oldest news agencies in the globe. The agency is owned by MTI Rt., which was created by the Hungarian Parliament. Members of the Owners' Advisory Body are chosen by the National Assembly of Hungary and serve four-year terms. MTI is recognized as a market leader and is often viewed as a 'balanced and trustworthy source' of news. However, it faces challenges in increasing subscriptions since many major Hungarian newspapers are owned by foreign companies. To address its technology shortfalls, MTI often relies on government support for funding.