Hungary AM

Deals

Angel investor backs out of BTel bailout

Business Telecom (BTel) said late Friday that an angel investor who had promised to inject HUF 950 mln in the...

EU

JP Morgan: Hungary may face deflation until Q3 2015

Analysts say most EU and Central and Eastern European countries will face deflation in the first half of this year,...

Issues

Appellate court rejects OTP defense of contract changes

The Budapest Municipal Court of Appeals on Thursday rejected OTP Bank and OTP Jelzálogbank's defense of unilateral changes that lenders...

Issues

Appellate court rejects OTP leasing unit’s defense of contract changes

The Budapest Municipal Court of Appeals on Thursday rejected OTP Ingatlanlízing's defense of unilateral changes that the leasing unit of...

Deals

Euro Benefit fined on charge of misleading clients

Hungary's Competition Office (GVH) fined Euro Benefit HUF 18 mln on a charge of providing customers with false information about...

Deals

Average salaries in BP are double those of eastern Hungary

Hungarians working in the capital city of Budapest earn more than their peers around the country, and almost twice as...

Banking

General government deficit reaches HUF 825.7 bln in 2014, under target

Hungary's cashflow-based general government balance, excluding local councils, came to HUF 825.7 bln for the full year of 2014, under...

Initiatives

State television to broadcast English news

As a part of the reorganization and consolidation of management that Hungarian state-owned television channels are about to undergo, flagship...

Energy Trade

New EU decree on boilers takes effect in September

Under a European Union decree taking effect as of the end of September, Hungarians who are planning to install new...

Initiatives

BKV offers tender for 15 buses

Budapest Transport Centre (BKV) opened a tender for another 15 "partially knocked down kit" buses that BKV is planning to...

MNB

MNB clears retail loan indicators submitted under ‘fair banks’ law

The National Bank of Hungary (MNB) yesterday said it had reviewed indicators for changes to interest rates and margins, as...

Telco

Foreign investors cut forint government securities holdings by HUF 107 bln in 2014

Non-resident or foreign investors sold net HUF 107 bln of Hungarian forint government securities last year, fresh data from the...

Visits

Orbán to return to airwaves on Friday

Hungary's Prime Minister Viktor Orbán is scheduled to make his first public appearance of the year on Friday, January 9,...

History

PM’s Office, Fidesz MPs disagree on excise guarantees

The Prime Minister's Office is not backing a proposal by an MP of the governing Fidesz party on raising the...

Issues

Lenders weigh court defense of unilateral changes to forint loan contracts

OTP Bank and Erste Bank are considering legal recourse regarding the settlement of compensation for unilateral changes to forint loan...

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...