Hungary AM

Figures

Q1 Public Procurement Value up 2% y.o.y.

The value of public procurements in Hungary inched up 2% to HUF 716.2 billion in the first quarter from the...

Government

Gov’t Acknowledges S&P Rating

Minister of Finance Mihály Varga has acknowledged S&P Global Ratings' affirmation of Hungary's "BBB-" sovereign rating with a stable outlook...

Transport

Ferenc Liszt Numbers Climb 20% in 2023

Passenger numbers at Budapest Ferenc Liszt International Airport rose 20% to 14,701,100 in 2023, according to data released by the...

HR

Employees More Worried About Jobs

The optimistic perception of Hungarian employees regarding the continuation of their current job has fallen slightly compared to last year,...

Museums

National Museum Consolidating, Rebranding

The Hungarian National Museum will be renamed according to the latest issue of the official Magyar Közlöny....

Int'l Relations

Hungary Opposes EC Proposal to Raise Tariffs on Chinese EVs

Hungary is opposed to a European Commission proposal that would double or triple tariffs on Chinese electric vehicles from 10%...

HR

15% of Hungarian Workers Looking for Work Abroad

Globally, 23% of workers are looking for a job abroad, compared to 15% of Hungarians, according to Boston Consulting Group...

Retail

1st Hungarian Primark to Open Next Month

Primark has announced the opening date of its first store in Hungary. The highly anticipated store will be located in...

Logistics

Gebrüder Weiss Inaugurates HUF 10 bln Expansion

Austrian-owned logistics company Gebrüder Weiss Kft. inaugurated a HUF 10 billion expansion at its base in Dunaharaszti (20 km southeast...

Residential

Conditions for New Home Renovation Grant Softened

Starting June 3, subsidies are available under the Home Renovation Program, which allows owners of nearly 20,000 domestic family and...

Automotive

Hungarian Gen Z Auto-buyers Prioritize Affordability

Although they are aware of climate change, Generation Z members in Hungary are less inclined to buy EVs or purchase...

Transport

LOT Seoul Flight Lands in Kazakhstan Due to Drunken Passenger

A direct LOT flight from Budapest to Seoul had to make an emergency landing in Kazakhstan due to the uncontrollable...

Banking

Lenders’ Home Loan Outlays at HUF 344 bln in H2 2023

Hungarian lenders' outlays of home loans reached HUF 344 billion in the second half of 2023 after falling to HUF...

Figures

Companies Spending Less on Advertising

Advertising prices in the Hungarian media have depreciated as companies are spending less on advertising, according to the latest analysis...

Deals

Hungary, UAE Sign Defense Industry Agreement

Hungary and the United Arab Emirates have signed an agreement on military and defense industry cooperation, the Ministry of Defense...

Green Energy

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...

Figures

NAV Opens Online Access to 2025 Tax Return Platform

The National Tax and Customs Administration (NAV) will again prepare draft income tax returns for 2025, but individuals wishing to...

HR

Tesco Surpasses Lidl in Headcount Amid Seasonal Hiring Boost

Tesco added over 700 employees from May to June, reclaiming its lead over Lidl in staff numbers, according to a...

Recycling

Recyclable Waste Volume Doubled in 2023 at Waste Yards, Says MOHU

Hungarians handed in more than twice as much recyclable waste at collection yards last year compared to 2022, according to...

Manufacturing

Industrial Output Falls 2.6% in May Despite Auto Sector Growth

Hungary's industrial production declined by approximately 2.6% year-on-year in May, the Central Statistical Office (KSH) confirmed in a second reading...

Telco

4iG Launches HuSat Satellite Program

Listed ICT company 4iG yesterday announced the launch of its HuSat satellite program, the largest to be privately funded in...

Crops

Farmers Growing Nuts on 9,200 Hectares

Hungarian farmers are growing nuts on around 9,200 hectares, up from 6,000 a decade ago....

City

Renaming of Street for Gyula Horn Nixed by Court

The renaming of a street in Budapest after former Socialist Prime Minister Gyula Horn was unlawful, the capital city's government...

Travel

Wizz Air ‘All You Can Fly’ Passes Sell out

Wizz Air sold out all of its 'All You Can Fly' passes....

Innovation

Digital Preparedness Indispensable for High Added-value Jobs

Digital preparedness is mostly indispensable for high added-value jobs, so the economic catch-up depends on it, economic research institute GKI...

Manufacturing

Rheinmetall Q2 Profits up 111%

Rheinmetall AG, Germany's largest arms manufacturer, posted a 111% jump in second-quarter profits, thanks to an increase in the sale...

Crops

Arable Crop Expectations Amended for July

The July analysis of the European Commission's Joint Research Center (JRC) on arable crops based on meteorological and satellite data...

TI Hungary: Private Equity Funds Still Opaque Despite Stricter Rules

Transparency International Hungary found that despite tighter regulations, ownership of Hungarian private equity funds remains opaque, with major gaps in...

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...

Fitch Warns Tisza Gov’t Must Deliver Credible Fiscal Strategy

Fitch Ratings says Hungary's new government will face serious challenges, including weak growth, and rising public debt, even as the...

Panel Prices Surge as University Cities Catch Budapest

A new analysis by DH Group shows that Hungary's panel‑housing market continued to heat up in early 2026, with Budapest...

NAV Opens Online Access to 2025 Tax Return Platform

The National Tax and Customs Administration (NAV) will again prepare draft income tax returns for 2025, but individuals wishing to...

Tesco Surpasses Lidl in Headcount Amid Seasonal Hiring Boost

Tesco added over 700 employees from May to June, reclaiming its lead over Lidl in staff numbers, according to a...

Recyclable Waste Volume Doubled in 2023 at Waste Yards, Says MOHU

Hungarians handed in more than twice as much recyclable waste at collection yards last year compared to 2022, according to...

Industrial Output Falls 2.6% in May Despite Auto Sector Growth

Hungary's industrial production declined by approximately 2.6% year-on-year in May, the Central Statistical Office (KSH) confirmed in a second reading...

4iG Launches HuSat Satellite Program

Listed ICT company 4iG yesterday announced the launch of its HuSat satellite program, the largest to be privately funded in...

Farmers Growing Nuts on 9,200 Hectares

Hungarian farmers are growing nuts on around 9,200 hectares, up from 6,000 a decade ago....

Renaming of Street for Gyula Horn Nixed by Court

The renaming of a street in Budapest after former Socialist Prime Minister Gyula Horn was unlawful, the capital city's government...

Wizz Air ‘All You Can Fly’ Passes Sell out

Wizz Air sold out all of its 'All You Can Fly' passes....

Digital Preparedness Indispensable for High Added-value Jobs

Digital preparedness is mostly indispensable for high added-value jobs, so the economic catch-up depends on it, economic research institute GKI...

Rheinmetall Q2 Profits up 111%

Rheinmetall AG, Germany's largest arms manufacturer, posted a 111% jump in second-quarter profits, thanks to an increase in the sale...

Arable Crop Expectations Amended for July

The July analysis of the European Commission's Joint Research Center (JRC) on arable crops based on meteorological and satellite data...