Hungary AM

Telco

MNB to realise profit on FX sale to banks

The National Bank of Hungary (MNB) will realise a profit on the sale of foreign currency from its international reserves...

Interview

Rate-setters voted unanimously to hold at Oct meeting

The National Bank of Hungary's rate-setting Monetary Council voted unanimously to keep the central bank's key rate unchanged at 2.10%...

Debt

Retail sale of government securities slows to HUF 30 bln in October

Retail sale of government securities dropped to HUF 30 bln in October from an extraordinarily high HUF 101.1 bln in...

Competition

Gov’t, AmCham sign strategic agreement

Hungary's government signed a strategic cooperation agreement with the American Chamber of Commerce in parliament yesterday. Foreign companies that invest...

Food

MOL well in Kurdistan to start production by year-end

Hungarian oil and gas company MOL will start production at a well in the Akri-Bijeel block in Kurdistan, Iraq, by...

Sights

Euro Mini Storage invests €100,000

Euro Mini Storage, the first Self Storage facility in Hungary, recently added 106 storage units in Budapest location, following an...

History

Hungary, Bulgaria discuss energy cooperation

Presidents János Áder of Hungary and Rosen Plevleniev of Bulgaria discussed linking electricity grids, diversifying gas imports, Bulgaria's accession to...

Telco

Final report on 2013 central budget published

Parliament approved the final report on the implementation of the 2013 budget with 116 votes in favor, 31 against and...

History

National Economic and Social Council critical of new taxes

The National Economic and Social Council criticised the planned new taxes, particularly the plan to raise the tax on extra-wage...

Social

Google Cloud Platform Meetup to be held in Budapest

Doctusoft Kft, a Hungarian-owned company providing comprehensive IT services present on the Hungarian IT market since 2009, is organising a...

Competition

Loan conversion to happen in early 2015

The Justice Ministry said that a bill on FX loan conversion will make it possible to carry out the conversion...

MNB

Analysts’ views differ on FX conversion effects

Analysts interviewed by MTI on Sunday gave differing views on how successful the forint conversion of foreign currency loans could...

History

PM meets Ukrainian parliament deputy

Prime Minister Viktor Orbán held talks with a leader of Ukraine's ethnic Hungarian community on Monday, the head of the...

Competition

Strabag, Közgép win motorway on-ramp tender with HUF 4.7 bln bid

A consortium of Strabag Általános Építő and Közgép Építő és Fémszerkezetgyártó won a tender to build on- and off-ramps on...

MNB

Hungary repays €2 bln toward EU loan

Hungary has repaid €2 bln of a loan it took out from the European Commission in the autumn of 2008,...

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...