Hungary AM

Industrial

Lovász Forgácsoló completes HUF 818 mln expansion

Lovász Forgácsoló has completed a HUF 818 mln expansion at its base in Gyula in southeastern Hungary, the metalworking company...

Int'l Relations

Hungarian and Turkish Eximbank to set up investment fund

Exim – the joint aegis of Hungarian Export-Import Bank (Eximbank) and the Hungarian Export Credit Insurance Company (MEHIB) – and...

Telco

Felföldi Édességgyártó inaugurates HUF 199 mln production hall

Hungarian sweets maker Felföldi Édesség-gyártó inaugurated a HUF 199 mln production hall at its base in Debrecen in eastern Hungary...

Awards

The Banker: K&H Hungary is ‘Bank of the Year’

K&H Bank has been named "Bank of the Year in Hungary" by The Banker, a professional journal, the lender said...

Issues

Announcement delayed for Kuria decision on FHB case

The Kuria, Hungary's Supreme Court, said it made a decision on the review of a contract defense case initiated by...

Industrial

Diehl launches HUF 3 bln expansion in Hungary

Germany's Diehl laid the cornerstone of a HUF 3 bln production hall at its aircraft parts base in Nyírbátor in...

Food

Masterplast could pay dividend on 2015 earnings

Hungarian building materials company Masterplast expects to pay a dividend on its 2015 earnings, if it makes no strategic investments,...

Social

Ninth international conference of logistics directors to be held

Club of Logistics Directors is holding their 9th Conference of Logistics Directors traditionally in May 2015 which is the main...

Conferences

Áder addresses first Hungary-Vietnam rectors’ conference

The first conference of Hungarian and Vietnamese rectors began in Hanoi on Thursday with Hungarian President János Áder in attendance....

MNB

EU transfers raise MNB reserves by EUR 1.2 bln in Q3

Net transfers from the European Union remained the main item raising the National Bank of Hungary's (MNB) international reserves, adding...

Telco

New HUF 10,000 bill to start circulating in December

The National Bank of Hungary will start circulating a new HUF 10,000 banknote on December 1, the central bank said...

Deals

Bánai: Defending negotiating position, state is vague on asset sales

A lack of detail on revenue targeted in next year's budget from the sale and utilisation of state assets is...

Initiatives

Hungarian govʼt wants to convince EC to approve SME grants

The Hungarian government intends to give non-refundable support (grants) to small and medium-size businesses (SMEs) operating in the field of...

Analysis

Banks designate for sale 2,072 foreclosed properties for Q4

Financial institutions designated for sale 2,072 foreclosed residential properties for the fourth quarter of this year, data published by the...

Deals

Competition office gives go-ahead to Agrofert purchase of IKR assets

The Hungarian competition office GVH said Tuesday it had approved the purchase of some of the regional centers and related...

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...