Hungary AM

Telco

Slovnaft posts loss for 2014

Hungarian oil and gas company MOL's Slovakian unit, the Slovnaft refinery, yesterday posted a loss of €71 mln for last...

Energy Trade

Kiev’s failure to pay gas bill could cost EU its supply

Ukraine has two days to pay the bills before Russia cuts off its gas supplies. This of course “creates serious...

Awards

Hungary becomes full member of European Space Agency

Hungary became a full member of the European Space Agency (ESA) and the documents proving this were signed at a...

Energy Trade

Hungarian gas deliveries to Ukraine climb 15%

Gas deliveries to Ukraine via Hungary have increased by 15% to 5.9 mln cubic meters per day, Ukraine's gas transmission...

MNB

Moody’s: Structural factors limit Hungary’s economic growth, external vulnerability decreases

Hungary’s economic growth in 2014 was stronger than anticipated, due to stronger public sector investment and improved absorption of EU...

Deals

Uber: We are in favor of market regulations

In spite of its growing popularity, mobile app based transportation network Uber, launched in Hungary last fall, has managed to...

Analysis

Two private pension funds expected to survive

The percentage of the members of private pension funds who have paid their dues came to 74% at Budapest Magánnyugdíj-pénztár...

Competition

Ministry: State healthcare services to become more efficient

Hospitals will not be shut down, the quality of healthcare services will not deteriorate; head office overhead, however, will be...

Retail

Cellum completes development of mobile payment apps

Hungarian IT company Cellum recently completed the development of a number of mobile payment systems through a project which cost...

Visits

EC: Brussels has no further details regarding Putin’s visit to Hungary

The European Commission (EC) has received no further details regarding Russian president Vladimir Putin's visit to Hungary apart from those...

Recycling

MVM pairs up with U.S. institute

Hungary's state-owned energy group MVM has signed an agreement on cooperation in research and development with the Electric Power Research...

Initiatives

DAKK bus order exceeds HUF 3.5 bln

DAKK, the State-owned bus company operating in southeastern Hungary, has purchased 52 new Volvo buses for more than HUF 3.5...

In Hungary

Insurance market grows, company ranking remains unchanged

Insurance revenues grew 4.2% in 2014, as compared to a year earlier, data published by MABISZ reveals. Life insurance revenue...

Analysis

GKI: Business sentiment remains unchanged

The GKI-Erste economic sentiment index adjusted for seasonal effects remained unchanged in February, while GKI’s consumer confidence index increased slightly...

Visits

Romania’s Hellvig: Hungary a threat to European security

MEP and member of Romania’s National Liberal Party, Eduard Hellvig (pictured), addressed the “threat to the EU” posed by Hungary’s...

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...