Hungary AM

Economy

NAV Probes HUF 7 bln Fraud by Criminal Network

The National Tax and Customs Office (NAV) has concluded its investigation into a criminal organization accused of defrauding HUF 7...

HR

Job Market Confidence Falls

Hungarian employees have become significantly more pessimistic about job mobility in the domestic labor market, with a growing number believing...

Transport

Transport Ministry Engages Haulers Over 12-point Proposal

State Secretary Nándor Csepreghy, representing Minister of Construction and Transportation János Lázár, has held talks with haulers' associations, according to...

Government

Stipendium Peregrinum Supports Studies at Global Unis

Through the Stipendium Peregrinum Scholarship Program, the gov't is providing scholarships for studies at leading int'l universities, covering travel and...

Int'l Relations

No Hungarians Hurt in U.S. Action in Venezuela

No Hungarian citizen has been affected or injured in the U.S. military action in Caracas, Venezuela, Prime Minister Viktor Orbán...

Automotive

Mid-range Vehicles Gain Ground as Used Auto Market Stabilizes

The domestic used-car market is showing signs of a gradual but clear structural shift, with price segments stabilizing and electric...

Manufacturing

Industrial Output Down 2.7% y.o.y. in Oct, led by Automotive Decline

Hungary's industrial output fell 2.7% year on year in October, the Central Statistical Office (KSH) confirmed in a second reading...

EU

EC Escalates Action Against Price Cap Policy

The European Commission yesterday issued reasoned opinions to Hungary over mandatory markup caps on a range of food and non-food...

EU

V4 Oppose EU Plan to Cut CAP Subsidies

The chambers of agriculture of the Visegrád Four nations are calling for a complete policy shift from the European Commission,...

Retail

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

Automotive

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

EU

EU Grants Hungary 1‑year Exemption from Gas Market Rule

The EC approved Hungary's request for a temporary exemption from an EU gas‑market regulation at the Serbian border, allowing the...

Budapest Hotels Outperform Regional Rivals Despite Lower Guest Numbers

Budapest’s hotels delivered some of the strongest results in CEE, posting an 81.3% occupancy rate, and leading the region with...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

State and City to Renew Budapest’s Danube Waterfront

The gov't and Budapest will form a new 50–50 joint company to develop the Budapest section of the Danube, resolving...

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

18,000 Truck Drivers Near Retirement, Hungary Faces Shortage

Europe currently has more than 500,000 unfilled truck‑driver positions, and another 600,000 drivers are expected to reach retirement age in...

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

EU Grants Hungary 1‑year Exemption from Gas Market Rule

The EC approved Hungary's request for a temporary exemption from an EU gas‑market regulation at the Serbian border, allowing the...

Budapest Office Supply Tightens, Vacancy Falls, Rents Flat

Budapest's office market is tightening, with the vacancy rate at 12.2% even as rental prices remain at EUR 25 per...

ÁKK: Euro Adoption May Cut Hungary’s Debt Costs by 50%

The Government Debt Management Agency (ÁKK) says Hungary could reduce its financing costs after adopting the euro, lowering annual interest...

Budapest to Raise Fare Evasion Penalties From Nov. 2

Budapest's public transport penalty fares will be raised by approximately 20–25% in several categories from November 2, daily newspaper Népszava...

Hungary to Formalize Gift of Lipizzaner Horses to King Charles III

Hungary will formally gift two Lipizzaner horses to the UK's King Charles III, resolving an ownership issue after the animals...

Varga Prioritizes Successful Euro Adoption Over Speed

Hungary should prioritize a successful transition to the euro over rapid adoption, MNB governor Mihály Varga said at the 64th...

Hungarian Homebuyers Secure Biggest Discounts in 2 Years

Homes in Hungary sold for an average of 6.4% below their final advertised asking price between June and August, the...

Hungarian Agricultural Concentration Accelerates, 35,000 Farms Disappear in 3 Years

Hungary's agricultural sector has undergone rapid consolidation, with the number of agrarian farms dropping by 41% over the past 10...

MVM Introduces Dynamic Electricity Tariff

From Sep. 1, households and microbusinesses under universal service can voluntarily switch to energy company MVM's new dynamic tariff, which...