Hungary AM

Awards

BMW sales in Hungary climb 22%

The sales of German carmaker BMW were up by a year-on-yesr 22% in 2014 to 1,736 vehicles, Denis Baudouin, managing...

MNB

OTP Romania offers relief for CHF debtors

OTP Bank Romania, the largest Romanian subsidiary of Hungarian OTP, is planning to lower the interest rates for its Swiss...

Food

Assistance program offers 24,200 homes for troubled borrowers

The Hungarian government's NET assistance program for troubled borrowers offered more than 24,200 homes by the end of 2014, National...

Telco

Generali buys out Czech group from its CEE holding

Italian insurance group Generali increased its stake in Generali PPF Holding B.V. (GPH) to 100% and will rename the holding...

Deals

Lázár: Gov’t to defend against EC charges of improper tendering

The Hungarian government will call tenders for European Union funding available under Hungary's new operative programs in April, and will...

History

Bencsik denies that Orbán discussed ad spending

The versions of last Friday's discussion between Prime Minister Viktor Orbán and the government-friendly media varied....

Debt

ÁKK attributes undersubscribed T-bill auction to low yield, not CHF

Thursday's FX market shock has not affected confidence in Hungarian government securities, and an undersubscribed T-bill auction reflected rather the...

Deals

Rise of Swiss franc affects 250,000 car leasing contracts

The extraordinary strengthening of the Swiss franc has affected about 250,000 FX-denominated vehicle leasing contracts, the Hungarian Leasing Association told...

In Hungary

MNB: Banks hedged CHF/EUR risk by end of 2014

All Hungarian banks had taken the necessary steps to acquire Swiss franc for euros by the end of 2014, the...

MNB

Varga: Hungary has no CHF debt left

Following the Swiss central bank’s decision yesterday to abandon the fixed conversion currency rate policy, it is even more apparent...

Museums

Three-way agreement signed on Budapest-Belgrade rail line

An agreement signed on Wednesday will pave the way for the modernization of the rail line between Budapest and Belgrade....

Pharma

JatekNet.hu toy sales exceed HUF 1.7bn in 2014

Sales of JatekNet.hu, Hungary's largest online toy retailer, rose more than 20% to HUF 1.7 bln last year, the company...

Food

Dalkia Energia rebrands in Hungary as Veolia Energia

Dalkia Energia has adopted the name Veolia Energia Magyarország from January 1, the company said yesterday....

Competition

Fidesz, KDNP: Protect religious symbols against insult

The European Union is not in a position to protect its member states and as such, a common, preventive strategy...

Visits

Hungary seeks EU support in securing gas options post South Stream

Hungary, which is heavily reliant on Russian gas imports, is looking to secure new gas supply options following Russia’s halting...

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...