Hungary AM

Figures

Masterplast Books EUR 1.291 mln Q3 Loss

Listed building materials maker Masterplast booked a net loss of EUR 1.291 million for the third quarter, widening from a...

Figures

Deaths Outstrip Births in September

The number of births fell by 7.7% in September compared with the same month in the previous year, while deaths...

Residential

Young People, Foreigners Contributing to Rise of Apartment Sales

The number of sales of used apartments increased by more than 30% and new ones by more than 50%, according...

EU

Romania’s Accession to Schengen Area ‘in Hungary’s National Interest’

Romania's accession to the Schengen area as soon as possible is in Hungary's national interest, Minister of Foreign Affairs and...

MNB

MNB Ranks Hungarians Financial Health at 53/100

The National Bank of Hungary (MNB) revealed the results of its inaugural survey on Hungarians' financial health in a release...

Telco

Hungary’s 4iG Sets up Subsidiary in N. Macedonia

Hungarian IT company 4iG has established a subsidiary in North Macedonia, according to the country's Central Registry, shortly after announcing...

Tourism

Family Association Welcomes Tighter Regs on Short-term Rentals

Young family association Ficsak has welcomed the Ministry of National Economy's plans to tighten regulations on short-term, Airbnb-type rentals in...

Deals

Hungary, Sweden Agree on Gripen Joint Development

An agreement has been reached with the Swedish defense minister on the joint development of the Gripen fighter jet, Minister...

Government

Gov’t Approves New Economic Policy Action Plan

Hungary's government has approved a new economic policy action plan that uses new solutions and new policy tools to adapt...

Parliament

Parliament Speaker Fines Gyurcsány HUF 14 mln

Speaker of Parliament László Kövér has fined Democratic Coalition head Ferenc Gyurcsány more than HUF 14 million (EUR 34,900), the...

Crops

Farmers Expect to Harvest 4.9 mln Tonnes of Maize

Hungarian farmers are expected to harvest 4.9 million tonnes of maize this season, the Ministry of Agriculture said yesterday, citing...

Residential

Home Prices Rise 6.7% y.o.y. in September

Home prices in Hungary rose 6.7% year-on-year in September, the listing site ingatlan.com said....

Pollution

Gov’t Places Stricter Emission Caps on Harmful Metals

The government has put stricter emission caps in place for carcinogenic, gene- and fetal-damaging substances and heavy metals such as...

Business

BME Cooperating in ESA’s Planetary Defense Program

The Budapest University of Technology and Economics (BME) is cooperating with the European Space Agency's (ESA) planetary defense mission, which...

Museums

Fine Arts Museum Opening Ancient Mesopotamia Exhibit

The Budapest Museum of Fine Arts is opening its exhibition on the heritage of ancient Mesopotamia, the first to focus...

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...