Hungary AM

Sights

Three SMEs presented ‘Exporter of the Year’ prize

The Hungarian National Trading House (MNKH) presented its "Exporter of the Year" award to three SMEs yesterday. The prize went...

Transport

Ryanair targets 12% increase in Budapest passenger numbers

Ryanair is targeting a 12% increase in passenger numbers on its Budapest flights this year, the low-fare airline's man in...

Competition

VC commitments linked to EU’s JEREMIE program total 72%

Nearly 72% of venture capital commitments in Hungary made between 2010 and the middle of 2014 were linked to the...

Visits

Szijjártó: PM gives ‘reassuring answer’ to German firms

Prime Minister Viktor Orbán provided a "reassuring answer" to German Chancellor Angela Merkel when the latter asked him about government...

Recycling

Seed growers see HUF 96 bln revenue in 2014

Hungarian seed growers generated revenue of HUF 96 bln last year, the head of the farmers' professional association announced....

Telco

B. Braun winds up HUF 1.7 bln investment in Hungary

German-owned B. Braun Medical has completed a HUF 1.7 bln injection moulding investment at its medical equipment plant in Gyöngyös...

MNB

ÁKK chief: Hungary to reduce and diversify FX debt further

Hungary has improved its financial position in terms of risks in the past few years as the share of FX-denominated...

Deals

FHB Commercial Bank appoints new CEO

Márton Oláh yesterday was appointed as CEO of Hungary’s FHB Commercial Bank, which is the commercial bank unit of FHB...

Telco

BSE spot market turnover edges up to HUF 142 bln in January

Spot market turnover on the Budapest stock exchange came to HUF 141.5 bln in January, down 1.5% from the previous...

Tourism

Blue chip treasury shares little changed in January

The treasury share stocks of the Budapest Stock Exchange's four blue chip issuers changed only slightly in January, with the...

Banking

Farm ministry calls on local councils to drop land taxes

The Hungarian Agriculture Ministry asked local councils to withdraw the land tax they had levied, the ministry said in a...

Int'l Relations

Hungary, U.S. to sign agreement on social security

Hungary’s minister of human resources and U.S. ambassador Colleen Bell are scheduled to sign an agreement tomorrow on social security,...

MNB

Companies were net borrowers in 2014, for first time in six years

Hungarian companies were net borrowers in 2014, for the first year since 2008, fresh data published by the National Bank...

History

Gov’t says IMF delegation acknowledges economic improvements in Hungary

A delegation from the International Monetary Fund has acknowledged improvements in the Hungarian economy in a concluding statement following scheduled...

Debt

ÁKK: 2014 retail gov’t securities sales helped by purchases of non-profits, other institutions

The stock of government securities designed for the general public rose HUF 723.3 bln last year, and the rise was...

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...