Hungary AM

History

Hungary discusses economy with Albania

Hungary’s Foreign Minister Péter Szijjártó yesterday said that Hungary is seeking to establish a major economic presence in Albania and,...

Telco

Bige Holding expands truck fleet

Hungarian fertilizer producing group Bige Holding invested a total of HUF 4 bln for setting up a truck fleet of...

Automotive

Knaus Tabbert to start production in Hungary

Germany-based motor-home, campervan and caravan manufacturer Knaus Tabbert is planning move production to its Nagyoroszi plant (northern Hungary), as it...

Deals

GVH fines group purchase schemes

Hungary's Competition Office (GVH) fined group purchase scheme organizers Best Life Center, Life Organization Szolgáltató and General Future more than...

Awards

K&H Bank spending HUF 6 bln on digital developments

K&H Bank is spending HUF 6 bln on digital developments over the next three years to adapt to changes in...

Interview

Hungary to organize ITU Telecom World 2015

Hungary is scheduled to organize the International Telecommunications Union Telecom World 2015 conference, National Development Minister Miklós Seszták informed Hungarian...

Tourism

Study: Lower risk for Hungarian insurers

In a quantitative impact study on conforming to the Solvency II Directive, the National Bank of Hungary (MNB) found among...

Telco

KSH: Guest nights grow 6.4%

Hungarian guest nights at commercial accommodations saw a year-on-year rise of 6.4% in October, reaching above 1,950,000, the Central Statistics...

Food

Report: Fish production expected to grow 4%

Hungary is expecting to see a 3-4% growth in fish production over last year's 22,000 tons, due to good weather...

Deals

CIG Pannonia has deposits in Széchenyi Bank

The general insurance unit of CIG Pannonia Life Insurance has approximately HUF 170 mln in deposits at the troubled Széchenyi...

Deals

GVH: MET purchase of GDF Suez requires no scrunity

The Acquisition of the Hungarian retail electricity business of GDF Suez Energia Holding Hungary by energy trader MET Magyarország does...

Telco

Eximbank, OTP eye joint stake in Graboplast

A venture capital venture fund owned by Eximbank and OTP Bank is seeking to acquire a 16% stake in Hungarian...

Initiatives

PM’s office: Savings cooperatives’ cross-guarantee pool complete

The changes made to the savings cooperative system were completed as another 39 savings cooperatives joined a cross-guarantee pool on...

History

Hungary and Bavaria meet in Munich

Munich hosted the 18th meeting of the Hungarian-Bavarian Intergovernmental Joint Committee on Friday, where Ministry of Foreign Affairs and Trade...

Telco

Tamás Duzsi named ‘Winemaker of the Year’

The Hungarian Academy of Wine named Hunagrian vintner of Szekszárd, Tamas Duzsi, as “Winemaker of the Year” in 2014 on...

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...