Hungary AM

Green Energy

evopro teams up with Areva GmbH to contend for Paks upgrade

Hungary's evopro Systems Engineering and Germany’s Areva GmbH signed a cooperation agreement on Friday in order to increase their prospects...

MNB

MNB to create new regulations for mortgage financing

The National Bank of Hungary (MNB) is in the process of drafting new regulations that would oblige banks to finance...

EU

Belarus removes ban on Hungarian cattle imports

Belarus has lifted a ban on imports of live cattle from Hungary, the farm ministry announced on Friday. Belarus' animal...

Visits

Simicska makes headlines around Europe

Following reports that Hungarian media oligarch Lajos Simicska had declared a “media war” on the government in response to an...

Deals

Board member becomes new owner of Századvég

Kristóf Szalay-Bobrovniczky acquired more than 50% of the voting interest in Századvég Gazdaságkutató, the research firm best known for advising...

EU

HungaroControl launches Free Route airspace

HungaroControl yesterday announced it became the first air traffic controller in Europe to abolish all fixed routes and allow aircraft...

Initiatives

Kész Építő wins €15.8 mln tender in Romania

Hungary's Kész Építő és Szerelő has won a tender to build a health and recreation centre at the local council...

Tourism

Budapest Bank, Coface, M27 Absolvo to aide SME exports

Budapest Bank is teaming up with credit insurer Coface and consultancy M27 Absolvo in order to offer services for helping...

Telco

State-owned MVM NET seeks bidders to develop mobile network

MVM NET, the telecommunications unit of the state-owned Hungarian Electricity Works (MVM), has called a tender to build a nationwide...

Analysis

Report: SME confidence improves

A gauge of SME confidence by the Hungarian Chamber of Commerce and Industry's (MKIK) Economy and Business Research Institute (GVI)...

Retail

EU projects boost Leier’s revenue

Revenue of the Hungarian unit of Austrian building materials maker Leier rose to HUF 20 bln last year from HUF...

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 said...

Telco

IKEA to extend opening hours because of Sunday closures

Home furnishings retailer IKEA yesterday said it will stay open an hour longer from March to cushion a fall in...

Energy Trade

MOL to launch deliveries through Friendship pipeline

Crude deliveries through a stretch of the Friendship I pipeline, which has undergone an $80 mln renovation, will start next...

History

Hungarian beef to receive greenlight for Hong Kong export

Hungarian beef exports are likely to be cleared for Hong Kong soon, after local food safety authorities approved the necessary...

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...