Hungary AM

Deals

Government releases remainder of frozen 2014 budget expenditure

The government withdrew on Friday the freeze of budget expenditure it adopted in July, a government resolution published in the...

Telco

Eleven-month general government deficit at 62%

Hungary's cashflow-based general government deficit, excluding local councils, had a HUF 95.9 bln surplus in November, bringing the 11-month deficit...

Competition

ECB welcomes ‘fair bank’ law, agrees, with reservations, to FX loan conversion

The European Central Bank (ECB) welcomes Hungarian legislation on fair banking and also acknowledges the merits of the law on...

Industrial

New production halls valued at HUF 1 bln open in Bonyhád

Two production halls worth almost HUF 1 bln were inaugurated at the Bonyhád industrial park in southwestern Hungary, on Thursday....

MNB

Gov’t to set up compensation fund for clients of Széchenyi Bank

The government is establishing a compensation fund for the depositors of the failed Széchenyi Commercial Bank, Prime Minister Viktor Orbán...

History

Bank of China opens regional headquarters in Budapest, Hungary

The Bank of China opened a regional headquarters in Budapest on Thursday, news agency MTI reported....

Deals

Erste Bank Hungary to raise capital at home savings bank

Erste Bank Hungary will raise the registered capital of its home savings bank Erste Lakástakarékpénztár by HUF 500 mln, the...

Telco

BTel shares to be suspended Friday

Trade in the shares and corporate bonds of Business Telecom (BTel) will be suspended from 1 p.m. on Friday, December...

Telco

Gov’t, unions come closer to agreement at wage talks

The position of the government and unions regarding next year's wages moved closer to an agreement during talks in the...

Telco

Intesa Sanpaolo to invest HUF 38 bln into Hungarian unit

CIB Bank on Wednesday said its owner, Italy's Intesa Sanpaolo, would raise its capital by HUF 38 bln, MTI news...

Deals

SPAR suspends investments in Hungary due to new legislation

A recent tax law has hit foreign supermarket and hypermarket chains in Hungary the hardest including Austrian-owned SPAR, and is...

Telco

Russian economic worries batter BSE, forint

Concerns about troubles with the Russian economy today continued to plague the Budapest Stock Exchange, which was down 1.76% at...

MNB

MNB reduces inflation forecast

The National Bank of Hungary (MNB) reduced its inflation forecast for both 2014 and 2015, the main figures released on...

MNB

MNB leaves interest rate unchanged at 2.1%

Hungary’s main interest rate remains unchanged at a record low of 2.1% after yesterday's rate-setters meeting, and the MNB substantially...

Telco

Porsche Hungária plans to sell 25,000 cars domestically in 2015

Porsche Hungária expects to sell 24,000-25,000 cars in Hungary next year after selling 23,000 this year, managing director János Eppel...

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...