Hungary AM

Government

Monthly Housing Stipend Available to Employees Under 35

Employees under the age of 35 can receive a monthly housing subsidy of HUF 150,000 from their employer, which could...

Government

Government Merges Finance Ministry Into Economy Ministry

The pool of experts at the expanded Ministry of National Economy, into which the Ministry of Finance has been merged,...

Residential

Hungarian Real Estate Prices Rise Fastest in European Union

The European Parliament shared shocking data about the rise of real estate prices in Hungary and the EU. According to...

Figures

Hungary Lowers Guest Worker Cap to 35,000 in Decree

In a decree issued by the Minister of National Economy, Hungary has lowered the cap on the number of work...

Figures

Competition Authority Levies HUF 4 bln in Fines in 2024

Hungary's Competition Office (GVH) has levied more than HUF 4 billion of fines in 2024, the watchdog's head, Csaba Balázs...

MNB

MNB: Inflation to Rise Temporarily in Coming Months

Inflation in Hungary will temporarily rise in the coming months but will remain within the tolerance band throughout most of...

Construction

Évosz: Construction Sector Output to Perform at 2023 Level

The construction industry is expected to perform at the level of 2023 again this year, so, at current prices, construction...

Retail

Most Buy Christmas Gifts in Good Time

Most people start buying gifts 3-4 weeks before Christmas, with only 1% leaving it to the last minute, according to...

Food

More Fish Consumed During the Holidays

Although, according to a balanced diet, we should eat fish at least once a week, Hungarians' per capita fish consumption...

Ratings

Moody’s Affirms OTP Rating, Changes Outlook to ‘Negative’

Moody's Ratings yesterday affirmed the "Baa3" senior unsecured debt rating of OTP Bank, Hungary's biggest commercial lender, but changed the...

Figures

Birth Decline Outpaces Fall in Deaths in October

The number of births fell by 6.9% in October compared with the same month in the previous year, while deaths...

Int'l Relations

Road Closure in Austria Blocks Hungarian Commuters

A road in Burgenland, Austria, was closed to motorists with a concrete barrier, which prevented some Hungarian commuters from getting...

Banking

OTP Bank Estimates HUF 53 bln Windfall Tax Burden for 2025

OTP Bank Nyrt. announced that its Hungarian group members could face a windfall profit tax burden of approximately HUF 53...

Manufacturing

Aeroplex Launches Aircraft Repair Facility Near Budapest

Aeroplex inaugurated a HUF 2 billion component repair facility near Budapest Liszt Ferenc International Airport on Friday, according to a...

Recycling

700 mln Bottles Returned Under MoHu Scheme

Some 700 million bottles and cans had been returned by the middle of November through Hungary's new deposit-return system, MoHu...

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...