Hungary AM

Trade

Foreign Companies Complain of Growing Pressure From Authorities

According to a report from Le Monde, increasing numbers of investors are voicing concerns over what they perceive as expropriation...

Government

Gov’t Reopens Bike-friendly Tenders

The Ministry of Construction and Transport and the KTI Hungarian Institute of Transportation Science and Logistics are once again launching...

Int'l Relations

Border Crossings With Ukraine Undergoing Renovation

Several border crossings in western Ukraine are being modernized by Ukrainian companies, including some that help traffic to Hungary, the...

Figures

Olympics Popular Among Gamblers

The Olympics were popular among gamblers in Hungary, according to profitline.hu....

Crops

5.5 Tonnes of Watermelons Removed Following Inspection

Watermelons performed well in the official inspections, but due to marking and other errors, the inspectors National Food Chain Safety...

City

Hungary Hosting Olympics Would Require Comprehensive Cooperation

Hungary could host an Olympics similar to the Games in Paris, but it would require an overarching cooperation among stakeholders,...

Residential

Real Estate Market Experienced Notable Price Increases

The Hungarian real estate market has experienced notable price increases compared to the first quarter of the year, according to...

Crops

Drought Intensifying

A drought has been intensifying in most of Hungary, HungaroMet Zrt. wrote in its agrometeorological analysis....

Power

Heat May Put Electricity Supply at Risk, Says Energy Ministry

The uneven and extreme load on the Hungarian electricity system during the heatwave days could even threaten power supply disruptions,...

Budapest

Budapest Ranked Second-best European City to Retire in

Budapest is among the best places for retirees to spend their post-work years, according to moneypenny.com....

Telco

Magyar Telekom Q2 Income Climbs 95%

The second-quarter net income of Magyar Telekom climbed 95% to HUF 43.4 billion, lifted by higher sales and improved margins,...

HR

2,800 Vacant Teacher Positions Before School Year Starts

There is barely a month left until the start of the school year, but the public sector job search site...

Figures

Income of Young People Increased in Q2

The personal income of young people increased in the second quarter, according to the latest representative research of the K&H...

Residential

Housing Market Turnover 36% Higher

Housing market turnover was 36% higher between January-March 2024 than a year earlier, according to the latest summary from the...

HR

Number of Jobseekers at Historic Low

The number of registered jobseekers reached a record low in July, State Secretary for Employment Policy Sándor Czomba of 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...