Hungary AM

Recycling

Paks project could have foreign managers and partners

The government hopes to reduce operation costs of the Paks 1 power plant by revising existing contracts. Operation of the...

Deals

Laws to cut private pensions, control city debt

Parliament yesterday adopted legislation, based on the 2015 budget act, to set new conditions on pension funds and restrict municipally-owned...

Competition

MNB fines Strategon Értékpapir HUF 20 mln

The National Bank of Hungary (MNB) fined Hungarian investment consulting company Strategon Értékpapir for HUF 20 mln, part of which...

Competition

Telenor to provide financial services in Hungary

As of today, mobile service provider Telenor Magyarország will offer mobile-based banking and financial services in cooperation with Budapest Bank,...

Recycling

Hungary’s LAC and Romania’s Softronic plan joint engine production

Hungarian company LAC Holding and Romania’s Softronic signed on Monday a letter of intent (LoI) on launching joint railways engine...

Banking

Hungarian Chamber of Agriculture warns against farmland taxes

The Hungarian Chamber of Agriculture (NAK) disagreed with a proposed tax on farmland in any form, MTI news agency reported...

Issues

Hungarian police investigate firm that made corruption charges

The Hungarian police have been investigating a case concerning cooking oil producer Bunge since the end of October, the police's...

Deals

MNB: Measures against Széchenyi Bank were in clients’ best interest

The National Bank Of Hungary's (MNB) imposed limits on client account transactions initiated on December 4 against Széchenyi Bank were...

MNB

Economic calendar for the week

It is expected to be a slow week for domestic economy figures. The Central Statistics Office (KSH) will reveal its...

Telco

Location of MTel HQ undecided

Magyar Telekom, the Hungarian subsidiary of German telecoms giant Deutsche Telekom, is considering relocating all of its bases in Budapest...

History

MNKH expands in Botswana and South Africa

The Hungarian National Trading House (MNKH) opened new offices in Gaborone, Botswana on Wednesday and in Pretoria, South Africa yesterday,...

Telco

Waberer’s invests in 120 Mercedes-Benz lorries

Hungarian road haulage company Waberer's International signed an agreement to buy 120 Mercedes-Benz tractors, president and CEO György Waberer said...

Telco

Prettl Group expands in Hungary

BHG Alkatrészgyártó, which company is part of Prettle Group of Germany, is investing HUF 554 mln for expanding its production...

Deals

Gov’t: Sale and utilization of state-owned assets revenue well planned

The HUF 169 bln revenue collected from the sale and utilization of state-owned assets would be realized in a "serious,...

Competition

Épkar, PBE to build instructional building for university

A consortium of West Hungária Bau, Épkar and PBE Energiamenedzsment won a tender to build an instructional building for 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...