Hungary AM

Deals

Diligent to Invest HUF 37 bln in R&D Base in Hungary

U.S.-based Diligent, a provider of governance, audit, and risk management solutions, will invest HUF 37 billion in establishing a research...

Figures

BÉT Reports Rising Trading Revenues, 3% Decline in 2024 Profit

The Budapest Stock Exchange (BÉT) reported a net profit of HUF 5.69 billion for 2024, marking a 3% decline from...

Figures

Salary Expectations Rise to HUF 383,000 for Entry-Level Jobs

The net monthly salary expectations of young Hungarians applying for entry-level positions have increased to HUF 383,000 from HUF 308,000...

Automotive

BYD Szeged to Employ 10,000 Workers, 20% Engineers

BYD's new electric vehicle plant in Szeged plans to hire 10,000 employees, with 20% of positions designated for engineers, Mayor...

Residential

Renovated Studio Apartments in Hungary Fetch Double the Price

Renovated homes in Hungary are significantly more expensive than their unrenovated counterparts, with house prices averaging 44% higher and apartment...

Green Energy

Homeowners Receive HUF 22.1 bln in Solar, Battery Subsidies

More than 10,500 homeowners have received a total of HUF 22.1 bln in the latest tranche of subsidies for solar...

Retail

Pepco Group Revenue Rises by 1.4% Year-on-year in Q4

Pepco Group has reported stable financial results for the final quarter of 2024, with the Pepco brand achieving a 1.4%...

Residential

Housing Market Sees Increased Demand Amid Shrinking Supply

The housing market experienced an 8% year-on-year rise in demand in January, while the supply fell by over 10%, leaving...

Figures

Average Youth Income Rises to HUF 234,000 Monthly

By the end of last year, the average net monthly income for Hungarians aged 19-29 rose to HUF 234,000, up...

Tourism

Hungarian Tourism Achieves Record Growth in 2024, Nagy Says

Hungary's tourism sector saw unprecedented growth in 2024, with visitor numbers rising 11% to reach 18 million, while guest nights...

Figures

Hungary’s GDP Grows 0.4% in Q4, Ending Technical Recession

Hungary's GDP increased by 0.4% year-on-year in the fourth quarter of 2024, according to a preliminary reading of data released...

Trade

Hungary Posts EUR 819 mln Trade Surplus in November

Hungary recorded an external trade surplus of EUR 819 million in November 2024, according to a second reading of data...

Transport

Wizz Air Lowers Profit Forecast Amid Fleet Groundings, Rising Costs

According to a recent statement, Hungarian low-cost airline Wizz Air has cut its annual net income forecast for the second...

Transport

Record Highway Vignettes Purchased Ahead of January 31

According to the National Toll Payment Services, motorists in Hungary have purchased 1.4 million annual highway vignettes for the year,...

Retail

Gov’t Looking to Address Rising Milk, Dairy Prices

The government is closely monitoring milk and dairy product price developments and is prepared to take "firm measures" to ensure...

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...