Hungary AM

Analysis

Officials inaugurate HUF 3.6 bln waste management facility

Local and central government officials inaugurated a HUF 3.6 bln automated waste processing facility in Hejőpapi in northeast Hungary yesterday....

Deals

Bourse fines BTel for failing to comply with disclosure rules

The Budapest Stock Exchange yesterday said it had fined Business Telecom (BTel) HUF 3 mln for failing to comply with...

Initiatives

Tender called for a HUF 60 bln loan to finance metro renovation

The Budapest local council has called a tender for a HUF 60 bln loan to finance the renovation of the...

Ratings

Fitch: Bank levy reduction could influence positive rating

The reduction of the levy imposed on banks operating in Hungary along with a more friendly business environment could help...

Visits

RWE may enter gas distribution business in Hungary

Germany’s electric utilities company RWE is assessing the possibility of entering the Hungarian gas wholesale market, the company’s director of...

Crops

Magyar Cukor surpasses its production quota

Magyar Cukor, owned by Austria's Agrana, refined more than its 105,420-tonne quota of sugar during a 2014-15 refining campaign, the...

History

Ministry: Lower bank tax to mean HUF 82 bln drop in revenue by 2017

Revenue from the bank levy is expected to fall by approximately HUF 60 bln in 2016 and HUF 22 bln...

Visits

Orbán: Georgia can provide energy security for Hungary

Georgia is a "very important" country for Hungary with regards to energy security, Prime Minister Viktor Orbán said after talks...

Industrial

Nielsen: Sales of household chemicals, cosmetics up in 2014

Retail sales of household chemicals and cosmetics in Hungary rose 2% in volume terms last year after a five-year decline,...

History

Bank levy cut cleared way for Erste deal

Hungary's bank levy will be reduced and calculated on the basis of balance sheets for the end of 2014 under...

Telco

Analysis: Special sectoral taxes are here to stay

The Hungarian government has become highly dependent on sectoral levies introduced in the past few years, a napi.hu analysis revealed...

Issues

Court rejects OTP contract defense in appealable ruling

The Budapest Municipal Court on Monday rejected a contract defense by OTP Bank and its mortgage unit, according to Hungarian...

Retail

Spar could adopt CBA, Coop, Real franchise model

Spar’s first response to the increased grocery store supervisory fee – from HUF 900 mln to HUF 9 bln per...

Pharma

Huawei to invest HUF 10 bln on broadband network here

Chinese networking and telecommunications company Huawei will spend nearly HUF 10 bln to develop Hungary's broadband network, while plans are...

Banking

Fidesz could seek new tax to replace lost ad tax revenue

Expectations that the ruling party would reduce sectoral taxes were dashed when FIDESZ chief whip said that if the advertising...

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...