Hungary AM

Recycling

Swiss Krono Group lays cornerstone of €95 mln particle board plant

Swiss Krono Group laid the cornerstone of a €95 mln particle board plant in Vásárosnamény (northeastern Hungary) yesterday, Hungarian news...

Int'l Relations

Szijjártó meets Kazakh Prime Minister

Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó held talks with Kazakhstan's Prime Minister Karim Massimov in Astana yesterday....

Telco

General government deficit reaches HUF 53.8 bln in January

Hungary's cashflow-based general government balance, excluding local councils, came to HUF 53.8 bln in January, the National Economy Ministry confirmed...

Energy Trade

Ukraine expects 10% more gas through Hungary

Ukraine expects daily gas flow through Hungary to grow 10% to 5.5 million cubic meters from today, Maxim Belyavsky, public...

Food

OTP foresees layoffs in Croatia after merging units

Hungary's OTP Group expects to lay off 134 employees in Croatia after it merged its units there, OTP Banka Hrvatska...

Visits

Szijjártó holds talks with diplomats on Putin’s visit

Hungary’s foreign minister Péter Szijjártó yesterday held consultations with foreign diplomats on Russian President Vladimir Putin’s visit to Budapest....

Analysis

BankRáció launches Financial Awareness Test

Hungarian banking site BankRáció.hu is launching a Financial Awareness Test in order to assess financial consciousness and awareness of Hungarian...

Poll: Satisfaction with government stays low

According to the latest survey by Hungarian Median, 64% of the participants said they believe that Hungary is on the...

Hungary could build stadium in Russia

A Hungarian company could build a football stadium in Russia for the upcoming football World Championships in 2018, Hungary’s Prime...

In Hungary

CEMP purchases titles focusing on women readers

Hungary's Central European Media Publishing (CEMP) yesterday said the company had purchased Femina Media, expanding its products focusing on women...

Telco

Rába Q4 after-tax profit jumps 57.8% on rising financial and other revenues

Hungarian automotive-industry company Rába reported after-tax profit of HUF 1.106 bln in the fourth quarter of 2014, up 57.8% from...

Crops

Graphisoft Park Q4 after-tax profit down 13% on one-off effects

Graphisoft Park, a company that owns and operates a business park in Óbuda, reported after-tax profit of €744,000 in the...

Pharma

Hungarian, British biotech company representatives meet in Budapest

Biotechnology industry insiders from Hungary and the UK participated at a conference organised by the British Embassy and the Hungarian...

Issues

NIF fined for declaring unregistered company tender winner

Hungary's Public Procurement Arbitration Board (KDB) has fined the National Infrastructure Development Company (NIF) HUF 2 mln for declaring an...

Analysis

Report: Consumer durables, home appliance sales grow 10%

Hungary's market for consumer durables and home appliances grew by a year-on-year 9.5% to HUF 178.5 bln in Q4, market...

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...