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Telco

Budapest Bank acquisition exempted from competition office scrutiny

Because the government is planning to declare the acquisition of Budapest Bank as being “strategically important for the national economy”,...

History

Most participants at consultation oppose closure of shops on Sunday

While there have been reports that the Economy Ministry now supports the idea, and the Prime Minister reportedly spoke in...

History

Hungarian state to buy Budapest Bank from GE

The Hungarian government has signed a preliminary deal to buy Budapest Bank from its 100%-owner General Electric by June 30....

History

Németh holds talks in Sofia on south-east European gas corridor

The head of parliament's foreign affairs committee, Zsolt Németh, held talks in Sofia on Thursday on developing a south-east European...

EU

Competition Office fines Foodorgany on charge of misleading ads

Hungary's Competition Office (GVH) on Thursday said it fined Foodorgany HUF 15 mln for making unsubstantiated health claims about its...

Telco

Aldi opens 100th store in Hungary

German-owned discount supermarket chain Aldi opened its 100th store in Hungary on Thursday, according to news agency MTI. The store...

History

Colleen Bell named U.S. Ambassador to Hungary

The U.S. Senate yesterday voted to approve television producer Colleen Bradley Bell's appointment as U.S. Ambassador to Hungary. Now she...

Green Energy

EU-FIRE to build €116 mln geothermal plant in southeast Hungary

Hungary's EU-FIRE is teaming up with Icelandic peer Mannvit to build a €116 mln geothermal power plant near Battonya in...

Energy Trade

MVM’s long-term strategy unaffected by scrapped South Stream plan

Russia's decision to scrap plans to build the South Stream pipeline will not affect the long-term strategy of the state-owned...

EU

EU South Stream talks continue

Speaking from Ankara on Monday night, Russian President Vadimir Putin blamed the EU for his decision to stop construction of...

Telco

2014 budget amended to accommodate assets purchases, capital injections

Parliament approved on Tuesday amendments to the 2014 Budget Act that raised the cashflow deficit by HUF 167 bln to...

Telco

Board puts BTel under interim management

The board of directors of troubled Hungarian firm Business Telecom (BTel) voted unanimously to place the company under interim management...

MNB

EC: Hungary’s economic growth attributed to short-term stimulus measures

Although Hungary’s economy was the fastest growing in the EU in Q2 2014, it was partly due to “the substantially...

Party Popularity

Parliament elects new head of the Constitutional Court

Barnabás Lenkovics has been elected head of the Constitutional Court in a 132:6 parliamentary vote on Monday. The Constitutional Court...

Awards

Public procurement legislation will not apply to Paks expansion

A bill submitted to parliament by the government on Monday clarifies that contracts related to the expansion of the Paks...

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...