Hungary AM

Residential

MNB: Home Market Demand ‘Lively’

Demand in the Hungarian home market is "lively" and could increase further in 2025, although home purchases for investment will...

Fintech

Hungarian Firms Embracing Fintech for Cross-border Transactions

Hungarian businesses are increasingly adopting fintech solutions to manage cross-border transactions and hedge against currency fluctuations, according to hrportal.hu....

Deals

Budapest Bourse Partnering With Peers, EBRD

The Budapest Stock Exchange and six of its peers in the region, along with the European Bank for Reconstruction and...

Transport

Budapest Airport a Regional Logistics hub for Temu, Shein

Budapest Ferenc Liszt International Airport has become a regional logistics hub for parcels from the Far East, with close to...

Retail

Lidl to Raise Number of Stores to 250

German-owned supermarket chain Lidl Hungary plans to raise the number of its stores from 210 to 250 in the coming...

Agriculture

Bird Flu Detected in Komárom-Esztergom County

The H5N1 avian influenza subtype has been identified at a chicken farm in Komárom-Esztergom County, in the northwest of the...

Office Market

Graphisoft Park Reports 11% Profit Growth in Q3 2024

Graphisoft Park, which owns and operates a business park in the north of Budapest, announced a strong financial performance for...

HR

Unions, Employers Striving to Reach 3-year Wage Agreement

Unions and employers are striving to reach a three-year agreement on minimum wage increases, but are still at odds over...

EU

Decision to Lower EU Energy Prices Within 6 Months Necessary – Orbán

Within half a year, decisions resulting in a reduction in European energy prices must be made, Prime Minister Viktor Orbán...

Banking

OTP Q3 Profits up 8% Y.O.Y.

OTP Bank, Hungary's biggest commercial lender, booked a consolidated after-tax profit of HUF 318.5 billion in the third quarter, climbing...

Manufacturing

Gov’t Urges Liberty Steel to Pay Wages Due Duna Steel Works

The government firmly urges Liberty Steel to pay wages due to Duna Steel Works employees in line with its legal...

Tourism

Tourism Accommodation Hosts 500,000 Guests in Fall Break

Tourism accommodations in Hungary hosted half a million guests over the fall school break, 16% more than during last year's...

Government

Fiscal Council Calls 2025 Budget Draft ‘Credible, Feasible’

The Fiscal Council said the government's 2025 budget draft was "credible" and "feasible," while highlighting some risks in an opinion...

Government

Varga: Ecofin Taxation Agreement to Support EU Competitiveness

A taxation agreement reached by European Union finance ministers can contribute to an improvement in EU competitiveness, Minister of Finance...

Conferences

EU Space Days 2024 Coming to Budapest

EU Space Days, formerly known as EU Space Week, the European Commission's most important event regarding space policy and the...

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...