Hungary AM

EU

Matolcsy: Hungary can expect rating upgrade

National Bank of Hungary (MNB) governor György Matolcsy said yesterday he expects Hungary to receive an upgrade of its sovereign...

Retail

Five Hungarian startups to attend SXSW Interactive Festival 2015

Design Terminal, Hungary's national centre for creative industries, is sending five locally-based start-ups to the SXSW Interactive Festival 2015, an...

Telco

MOL to lower gasoline, diesel prices

Hungarian oil and gas company MOL scheduled to lower its wholesale gasoline and diesel prices by HUF 4 and HUF...

In Hungary

MNB: Bank cards used for purchases more, but withdrawals are bigger

According to the latest data published by the National Bank of Hungary (MNB), Hungarians used their bank card for purchases...

Telco

Banks roll over €20 mln at FX swap tender to ease year-end liquidity squeeze

The National Bank of Hungary (MNB) allotted €20m of three-month EUR/HUF swaps at its regular tender to domestic banks yesterday,...

Telco

HUF 3.4 bln in parking fees paid via mobile

According to Hungarian the state-owned National Mobile Payment Company, parking fees generated a revenue of HUF 3.4 bln in the...

Tourism

New passenger vehicles sales rise 21%

Hungary saw a year-on-year increase of 21% to 6,093 new passenger vehicles in December, Jato Dynamics announced yesterday....

Telco

Pfizer winds up Baxter acquisition

The Hungarian unit of U.S. drugmaker Pfizer closed the takeover of the vaccine portfolio of peer Baxter Hungary on January...

Telco

MNB: Corporate lending stock drops despite moderate net borrowing

Corporate lending stock of Hungarian banks fell nearly HUF 20 bln to HUF 6.7634 trillion at the end of November,...

Telco

MNB: FX loan repayments cut retail lending stock in November

Hungarian households repaid net HUF 23.1 bln of their outstanding loans in November, but a slight weakening of the forint...

Analysis

Net lending of the household sector totals HUF 1.8 trillion

Net household financial savings or net lending of the household sector totaled HUF 1.8 trillion, which is the 6% of...

Telco

Harkány spa to undertake HUF 215 mln development

The 191-year old spa of town Harkány is scheduled to be developed by the local council, with extraordinary state support...

Int'l Relations

Gov’t to continue signing strategic agreements

The Hungarian government is planning to sign strategic agreements with an additional six companies in Hungary — Ibiden Hungary, Le...

Recycling

Gov’t to involve domestic suppliers, experts for Paks expansion

The Hungarian government decided on various programs, including the launch of a supplier program as well as training and research...

Telco

Btel raises its capital by HUF 950 mln, plans withdraw

Hungary-based Business Telecom (Btel) announced it will be raising its capital by HUF 950 mln, up to approximately HUF 2...

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...