Hungary AM

History

Penalty-free period on transport tracking system extended

The penalty-free test period for the new real-time transport tracking system to combat tax fraud has been extended to March...

Pharma

Tire sales climb nearly 12% in Hungary

Brand dealers sold more than 2.35 mln car tires in Hungary last year, approximately 12%, Continental Hungária managing director Dániel...

Ecosystem

MNB to provide SME support with HUF 37 bln endowment

The National Bank of Hungary (MNB) said yesterday that it will establish a "business innovation knowledge center" with an endowment...

MNB

OTP Bank raises capital at Romanian unit

OTP Bank yesterday said it raised capital at its Romanian unit to RON 958 mln from RON 783 mln. According...

Telco

Ad industry insiders critical of sectoral tax

The recently introduced tax on advertisements distorts competition, inhibits development and innovation, and negatively impacts the volume and quality of...

Telco

Gov’t earmarks HUF 750 bln for priority road projects

The Hungarian government has allocated HUF 750 bln for priority road investments until 2020, the end of the current European...

Telco

MNB: Impact of franc firming requires no central bank measures

In the short term, no central bank measures are necessary on the domestic investment market due to the sharp strengthening...

Analysis

Competition office fines CL Brokers Group

Hungary's Competition Office (GVH) fined group purchase scheme organiser CL Brokers Group HUF 3.3 mln on charges of unfair business...

History

Raiffeisen: Hungarian unit lacks shareholder value

Raiffeisen Bank International can-not indefinitely ignore a lack of profits at its Hungarian operation, the Austrian group's head of corporate...

Competition

Le Belier invests HUF 8 bln

French car parts manufacturer Le Belier is planning to invest HUF 8 bln into the building of a new factory...

Automotive

Felina Hungaria revenue rises to HUF 2.5 bln

Swiss-owned lingerie maker Felina saw its revenue grow to HUF 2.5 bln last year in Hungary, Felina Hungária managing director...

Telco

BAMOSZ investment fund assets edge down 0.5% in December

Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) fell...

Analysis

GVH fines Culevit on false advertising charge

Hungary's Competition Office (GVH) fined Culevit HUF 25 mln on a charge of false advertising, because the company allegedly claimed...

Analysis

MNB acknowledges increased downside risks to CPI

Downside risks to Hungary's inflation rate have increased, but falling prices have not affected future expectations yet, the National Bank...

Telco

MAVIR to spend HUF 4 bln on power line update

Transmission system operator MAVIR, part of the state-owned energy group MVM, will spend more than HUF 4 bln on 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...