Hungary AM

History

Varga: Vocational training reform uses German example

Hungary’s Economy Minister Mihály Varga foresees the reform of Hungary’s vocational training system to be in line with the German...

Int'l Relations

Szijjártó: Merkel’s visit shows Germany’s appreciation

Hungary’s Foreign Minister Péter Szijjártó said that the upcoming visit of Germany’s Chancellor Angela Merkel is a sign of Germany’s...

Analysis

Hungarian subsidiaries of Alstom currently under criminal investigation

The Hungarian subsidiaries of French electricity and rail transport company Alstom could be next in line in an investigation by...

Deals

Bank of America: Emerging-market currencies undervalued by 0.9%

Emerging-market currencies are undervalued by an average of 0.9%, according to a proprietary valuation framework developed by Bank of America...

Initiatives

Commerzbank: Fostered worker program lowers unemployment rate in 2014

Commerzbank predicts that Hungary's unemployment rate will remain at 7% "for the time being," with much of the improvements reported...

Telco

Bericap concludes a HUF 1.2 bln investment

Injection moulding company Bericap announced that it has wound up a HUF 1.2 bln investment at its plant in Székesfehérvár,...

Retail

Yves Rocher sales climb 31% in Hungary

French cosmetics company Yves Rocher's revenue in Hungary rose 31% to HUF 2 bln last year, the local unit's sales...

Competition

Hungarian doctors in search of higher salaries abroad

With doctors’ salaries as much as ten times higher in the U.K, Sweden, Norway and Germany, it’s no surprise that...

Transport

Wizz Air to set up shop in Kosice

Hungary’s low-cost airline Wizz Air announced yesterday that it will set up a base in Kosice, Slovakia, on September 14,...

Initiatives

Government: We didn’t initiate talks with RTL

Recent talks between leading TV channel RTL Klub and the government were not in fact initiated by the government, news...

Retail

IKEA finds workaround to Sunday closures

In an attempt to circumvent the new legislation forcing shops to close on Sundays, Swedish furniture retailer IKEA has found...

Recycling

LAplast makes HUF 300 mln upgrade in recycling technology

LAplast Pet Recycler is undertaking a HUF 300 mln technology investment at its base in Tiszaújváros in northeastern Hungary, project...

Analysis

Smartphone usage on the rise in Hungary

The percentage of Hungarian mobile phone users with smartphones rose almost ten points to 39% last year, according to a...

Sights

Healthcare reforms to begin in April

Structural healthcare reforms are imminent, online daily index.hu reported yesterday. The HUF 60-70 bln consolidation program is aimed at eliminating...

In Hungary

Bencsik: Burden sharing measures not always fair

According to Fidesz MP János Bencsik, “The government has, no doubt, taken measures to regulate capital dominated monopolies in the...

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...