Hungary AM

Weather

Hungarian Heat Records Broken With 39.7°C in Kübekháza

Both dawn and daytime heat records were broken in Hungary last Thursday, according to the weather service HungaroMet....

Retail

Hungarian Online Shoppers Increasingly Want Time-specific Deliveries

As age increases, so does the importance of being able to choose delivery times for online orders among Hungarian consumers,...

Int'l Relations

5% NATO Defense Spending Target an Opportunity for Hungary

A new NATO pledge for member states to raise defense spending to at least 5% of GDP within a decade...

Business

Hungary to Triple Rainwater Retention for Irrigation by 2026

Hungary is on track to increase its annual rainwater retention capacity from the current 200 million cubic meters to 1.5...

Figures

2/3 of Hungarians Open to Change Jobs for Better Pay

More than two-thirds of Hungarian employees are willing to switch jobs, driven by the pursuit of more attractive salaries and...

Science

HUNOR Program Spurs Growth in Hungary’s Space Tech Sector

An event in Budapest yesterday highlighted the positive effects of the HUNOR (Hungarian in Orbit) program on Hungary's space technology...

Telco

4iG Posts HUF 4.2 bln Adjusted Q1 Profit, up 10.9% y.o.y.

Net sales revenue at listed IT company 4iG rose 10.9% to HUF 171.5 billion in the first quarter of the...

Figures

Szerencsejáték Posts HUF 50.3 bln After-Tax Profit in 2024

Szerencsejáték reported an after-tax profit of HUF 50.3 billion last year, with both sports betting and lottery ticket sales boosting...

Banking

New Home Loans hit HUF 16.3 bln in March Despite Weak Demand

Families financed the purchase of new homes in substantial volumes in March, but the increase was driven by rising property...

Construction

M1 Motorway Expansion Set to Begin in September

The expansion of Hungary's M1 motorway, which connects Budapest to the Austrian border, will commence on Sep. 1, according to...

Residential

MNB: Shift From Government Bonds Fuels Q1 Home Market Surge

Household savings redirected from retail government securities significantly boosted Hungary's home market in the first quarter, the National Bank of...

Real Estate

Homeowners Show Greater Awareness in 2025 Insurance Campaign

Hungarian homeowners are approaching home insurance with increased awareness and long-term planning, according to OVB data from the 2025 home...

Retail

Most Shoppers Will Spend More for a Chance to Win, Survey Finds

Nearly all Hungarian shoppers are willing to spend more money if it increases their chances of winning a prize, according...

Residential

Hungarians Rush to Renovate Amid Cost Fears: Cofidis Survey

Six out of 10 Hungarians believe now is the right time to begin home renovations, anticipating higher costs in the...

Issues

Media Type, Not Politics, Drives News Source Choices: NMHH

Hungarian media consumers select their news sources based on the type of media rather than political orientation, target audience, or...

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...