Hungary AM

Figures

VIG: Growth Despite HUF 72.8 bln Goodwill Impairment

VIG reported a drop in pre-tax profit in its Extended CEE segment due to an impairment of goodwill in Hungary...

Pharma

Richter to Market USYMRO Biosimilar Following EC Approval

Hungarian pharmaceutical company Gedeon Richter has received marketing authorization from the EC for BAT2206 (ustekinumab), a biosimilar referencing Stelara, developed...

Debt

Gov’t Deficit at HUF 2.79 tln by End of July

Hungary's general government deficit stood at about HUF 2.79 trillion at the end of July, equal to approximately 58.4% of...

Transport

BKK Seeks Public Input on Overhaul of Night Transport

The Budapest Transport Center (BKK) is inviting residents to share their views on the planned overhaul of night-time public transport,...

Pollution

Microplastic Levels in Tisza River Show Uptick

A recent study by Eurofins Environment Testing Hungary Kft. revealed a growing concentration of microplastics in the Tisza River, based...

Deals

Wing Selling Half of Resi4Rent Portfolio

Hungarian real estate developer Wing, through its majority-owned Polish subsidiary Echo Investment, has signed a record HUF 223 billion deal...

Residential

3% Home Start Loan Scheme not Expected to Drive up Property Prices, Gov’t Official Says

The price caps in the Home Start program's 3% fixed-rate credit for first-time buyers will prevent a surge in real...

Transport

Procurement Announced for H8, H9 HÉV Upgrade Plans Including Örs Vezér Tere Bridge

The Ministry of Construction and Transport has launched a public procurement procedure for the licensing and construction plans for upgrading...

Transport

Hungrail: Rail Freight Business Model No Longer Sustainable

Hungary's rail freight transport business model has become unsustainable, with toll revenues failing to cover costs, falling volumes, worsening capacity...

Budapest

Karácsony Orders Immediate Probe After 3rd BKV Bus Fire in 3 Days

Budapest Mayor Gergely Karácsony has called for an urgent investigation following fires on three separate buses operated by city transport...

Residential

Less Than Half of Budapest Flats Covered Under Home Start Program

Out of more than 135,000 real estate listings for homes for sale, 102,000 meet the criteria under the Home Start...

Innovation

Gigabit Hungary Program Opens First Phase for Rural Broadband Expansion

Between August 8-26, infocommunications companies can apply for funding to expand wireless coverage under the first phase of the Gigabit...

Weather

Generali Handles Record Storm Damage Claims After Early July Storms

Generali Insurance received nearly 20,000 natural disaster claims in the week of July 7, a record in terms of intensity,...

Transport

GVH Launches Probe Into Ryanair Over Suspected Misleading Practices

The Competition Office (GVH) has opened competition supervision proceedings against Irish low-cost carrier Ryanair on suspicion of unfair commercial practices...

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...