Hungary AM

Telco

4iG profits drop with costs outpacing revenue

Hungarian software company 4iG's net profit dropped by 48%, down to HUF 257 mln, last year as costs rose faster...

Crops

Danubius reports annual pre-tax increase of 6%

Danubius Hotel and Spa sustained pre-tax losses of €3.3 mln in the fourth quarter of last year, up from losses...

Int'l Relations

Szijjártó: Putin’s visit is ‘crucial’ in terms of energy

Hungary’s foreign minister Péter Szijjártó says Russian President Vladimir Putin’s visit to Hungary today will be “crucial” in terms of...

Int'l Relations

Gyurcsány: Putin’s visit is a ‘diplomatic disaster’

According to former Prime Minister Ferenc Gyurcsány, who is now a member of opposition Democratic Coalition, said that today’s visit...

Deals

State-owned assets manager MNV has new CEO

Norbert Szivek has been appointed CEO of the national asset manager MNV, which is owned by the Hungarian state, effective...

Telco

Government issues $700 mln loan guarantee for Budapest Bank purchase

The Hungarian government has undertaken to provide a guarantee to a loan worth up to $700 mln, which is expected...

Initiatives

Corvinus, MFB sign contract on Budapest Bank purchase

Corvinus Nemzetközi Befektetési Zrt., a unit of state-owned Hungarian Development Bank (MFB) signed a contract on Friday regarding the purchase...

Telco

State energy group MVM buys 50% of Panrusgaz under option

State-owned Hungarian Electricity Works (MVM) has purchased 50% of the shares of gas trading company Panrusgaz Gázkereskedelmi, which specializes in...

Initiatives

Unicredit increases voting rights in MOL to 5.15%

Unicredit S.p.A increased its indirect voting rights in Hungarian oil and gas company MOL to 5.15% on February 13, MOL...

Ecosystem

EC clears five Hungarian programs for funding in 2014-2020

The European Commission (EC) on Friday approved five of Hungary's operative programs for European Union funding in 2014-2020, the EC...

Issues

OTP Home Savings contract defense accepted in appealable ruling

The Budapest Municipal Court on Friday partially accepted a contract defense by OTP Takarék, the home savings unit of OTP...

Int'l Relations

Dep. State Secretary: Gov’t to extend strategic agreements to SMEs

The government’s strategic agreements will be extended and new agreements will target small and medium-size enterprises (SEMs), Nándor Csepreghy, deputy...

International hunting, fishing fair opens in Budapest

The 22nd annual Fishing, Hunting and Arms International Exhibition (FeHoVa) opened at HUNGEXPO in Budapest yesterday and runs until Sunday....

Int'l Relations

Turkey in focus at local business chamber event

The Hajdu-Bihar County Chamber of Commerce and Industry put Hungary's economic ties with Turkey in the spotlight at an event...

Food

Tile manufacturer Mediterran expects 6-8% revenue increase in 2015

Roof tile manufacturer Mediterran Magyarország expects revenue to climb 6-8% this year as it expands output, managing director Attila Godi...

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...