Hungary AM

Food

Tax office, industry insiders campaign against black market tobacco sales

Hungary's National Tax and Customs Authority (NAV) launched a campaign against black market sales of cigarettes on Monday together with...

Telco

Proposed changes to subsidy voucher system cancelled

The tax rate on the "cafeteria" system – a set of fringe benefits by which employees can choose the composition...

Tourism

Kövér requests removal of EU flag from Parliament

Speaker of the Parliament László Kövér ordered the EU flag to be removed from the Parliamentary session, nol.hu reported yesterday....

Recycling

Lithuanian consortium to deliver HUF 1.25 bln laser to ELI-HU

A consortium of the Lithuanian companies UAB Ekspla and UAB Moksline Gamybine Firma Sviesos konversija won a tender to build...

Telco

ANY profit growth accelerates despite slower revenue rise

Hungarian printing company ANY's net income climbed 41% to HUF 802 mln in the first nine months from a year...

Initiatives

Budapest trolley bus purchase contract signed

A HUF 18 bln contract under which the consortium of Skoda and Solaris Bus & Coach will supply 108 new...

MNB

MNB sends oversight commissioners to Széchenyi Bank leasing unit

The National Bank of Hungary (MNB) ordered oversight commissioners to financial businesses Széchenyi Lízing Pénzügyi Szolgáltató and Platinum Pénzügyi Szolgátatóház...

Telco

Consultation body of interbank clearing house GIRO holds first meeting

The consultation body of interbank clearing house GIRO held its first meeting on Friday, the National Bank of Hungary (MNB)...

Telco

Current account surplus jumps to €866 mln in September

Hungary's current account surplus reached €866 mln in September, data published by the National Bank of Hungary on Friday shows....

Telco

State-owned electricity works MVM to get HUF 50 bln capital raise

State-owned Hungarian Electricity Works (MVM) is to receive a HUF 50 bln capital raise next year, the 2015 budget bill...

Banking

Bill would make tobacco companies pay one-time healthcare contribution

A bill submitted by an MP of the governing Fidesz party on Thursday would require tobacco companies to pay a...

MNB

MNB predicts only five big players will remain in banking market

Five big banks will remain in Hungary after a consolidation on the market, National Bank of Hungary managing director Márton...

Analysis

Business outlook improves, chamber survey shows

The biannual gauge of business confidence by the Hungarian Chamber of Commerce and Industry's (MKIK) Economy and Business Research Institute...

Food

Tesco Mobile SIM card sales top 200,000

Tesco Mobile, a 50-50 joint venture established by the local units of UK retailer Tesco and telco Vodafone, has sold more...

Banking

Gov’t proposes raising top ad tax rate

The government is proposing raising the upper rate for the advertising tax from 40% to 50%, National Economy Ministry deputy...

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...