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Visits

Orbán: EU is a ‘stalled project’

Hungary’s Prime Minister Viktor Orbán dubbed the European Union a “stalled project” – and said that strong political leadership is...

Energy Trade

Szijjártó: EU, Russia should accelerate dialogue on South Stream

The construction of the South Stream gas pipeline is in the interest of both Hungary and Serbia, and the whole...

Analysis

Fidesz MP proposes tighter interest spread on converted loans

The parliamentary group of the governing Fidesz party will initiate a tightening of the bill on FX loan conversions to...

Telco

Ten-month fiscal deficit confirmed at 82.2% of full-year target

Hungary's central government – the general government, excluding local councils – had a ten-month cashflow-based deficit of HUF 809.6 bln,...

Deals

Klesch group said to be interested in INA

Klesch Group is doing due diligence in Croatian oil company INA, controlled by its Hungarian peer MOL, international news portal...

Pharma

Szijjártó: Russia important partner

Hungary considers Russia an important partner, Foreign Minister Péter Szijjártó said before talks with counterpart Sergey Lavrov in Moscow on...

Pharma

Exedy announces HUF 7.3 bln expansion in Hungary

Japanese clutch and torque converter maker Exedy Corporation is spending HUF 7.3 bln to expand its base in Hungary, CEO...

Deals

Simola: MOL’s balance sheet is strong, INA sale still an option

MOL has built up a strong balance sheet for acquisitions, while the sale of its Croatian subsidiary, INA, was still...

Energy Trade

Aradszki: South Stream the only option

Hungary aims to start building its stretch of the Russian-backed South Stream gas pipeline next year despite European and U.S....

Recycling

Paks project company to receive license to evaluate site

The National Nuclear Energy Office (OAH) has issued a license for MVM Paks II Atomerőmű Fejlesztő, project company established to...

Deals

Spar to postpone portion of planned developments in Hungary

Supermarket operator Spar will postpone a significant part of the investments it planned in Hungary in the next few years,...

Deals

Suzuki to start production of Vitaras in January

Japanese carmaker Suzuki will start the serial production of the new Vitara model in January next year, Magyar Suzuki CEO...

Deals

U.S. envoy urges Hungary-Croatia agreement over INA

A U.S. government representative called on both Croatia and Hungary to reach a consensus over the future of Croatia's oil...

Telco

BAMOSZ investment funds grow 1.8% in October

Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) rose...

Issues

Court rules no compensation in savings coop suit

The Budapest Municipal Court on Monday ruled that compensation could not be paid for the legally mandated integration of 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...