Hungary AM

Analysis

Sándor Demján Program Boosts SME Lending in Hungary

Minister of National Economy Márton Nagy said the Sándor Demján Program, launched by the government to scale up local SMEs,...

Transport

M6-A5 Motorway Link Completion Pushed to Late July

Although final work is underway, the long-awaited connection between Hungary's M6 motorway and Croatia's A5 will not be completed by...

Banking

Car Loans Surge as Retail Buyers Shift From Leasing

Lower loan interest rates are driving a resurgence in traditional car loans among retail buyers, with the share of classic...

Weather

April Frosts Cause Severe Damage to Hungarian Orchards

April frosts caused significant damage to numerous orchards, but affected farmers may partially offset their losses through the agricultural damage...

Figures

Curbing Inflation top Priority, Says MNB Deputy Gov Candidate

Bringing inflation under control is the "primary task" in the current economic climate, Zoltán Kurali, a candidate for deputy governor...

Residential

Hungary’s Housing Capital Program Expanded to HUF 300 bln

The Housing Capital program, initiated by the Ministry of National Economy, coordinated by the National Capital Holding, and financed by...

HR

Nearly Half of Hungarian Employees Open to Change Jobs

Almost one in two Hungarian employees aged 18 to 65 are either actively seeking a new job or open to...

Int'l Relations

Hungary and Serbia Sign 2025 Military Cooperation Plan

Hungary and Serbia agreed to deepen their military cooperation and signed an agreement outlining their 2025 plan, Minister of Defense...

Polls

Young Hungarians see Corruption as Widespread, Unacceptable

Most young people under 30 in Hungary consider corruption to be widespread but unacceptable, according to a statement issued this...

Figures

Egg Prices for Easter Expected at HUF 90, Stable From 2 Years Ago

The average consumer price of eggs this Easter is expected to be around the HUF 90 mark, roughly the same...

HR

Airport Workers Initiate Labor Dispute Over 2025 Wages and Conditions

Trade unions representing employees at Budapest Airport have launched a collective labor dispute with the BUD Group employers (BA Zrt.,...

Weather

HungaroMet Reports Continued Soil Moisture Recharge

HungaroMet's latest agrometeorological report highlights that multiple waves of rainfall will continue recharging soil moisture across the nation, improving the...

Automotive

Rába Profit Falls to HUF 43 mln on Financial Losses in 2024

Hungarian automotive company Rába reported an after-tax profit of HUF 43 million in 2024, down sharply from HUF 1.2 billion...

Transport

Wizz Air to Launch Budapest-Mumbai Route: Is New Delhi Next?

Hungarian low-fare carrier Wizz Air will launch a direct daily flight between Budapest and Mumbai before the end of the...

Figures

Visa: Hungarian Gamers Among Europe’s Most Active as Game Spending Surges 16.7%

Spending on video games by Visa cardholders rose 16.7% across Europe in 2024 compared to the previous year, according to...

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...