Hungary AM

History

Consultations on Sunday shopping still under way

Consultations concerning the proposal of KDNP, the junior partner in the governing alliance, to keep big stores closed on Sunday...

Competition

First MNB decree on borrowers’ refunds published

A central bank decree regulating the basic methods for calculating compensation banks must pay under borrowers' relief legislation approved in...

MNB

MNB’s international reserves fall almost €1.5 bln

Hungary's international reserves stood at €34.218 bln at the end of October, down €1.466 bln from a month earlier, preliminary...

Competition

Klubrádió sues Media Authority for HUF 1.4 billion in damages

Local community radio station Klurádio is suing the National Media and Infocommunications Authority (NMHH) for financial losses it has suffered...

Telco

October surplus cuts ten-month general gov’t deficit to 82.2% of full-year target

Hungary's cashflow-based general government, excluding local councils, had a HUF 35 bln surplus in October, reducing the ten-month gap to...

Deals

State vows big effort to restore proper operation at Széchenyi Commercial Bank

The National Economy Ministry on Tuesday said the state would make every effort to put Szechenyi Commercial Bank back on...

Deals

Croatia still prepares buying out MOL, INA competes for license in Adriatic sea

Croatia prepares for a possible purchase of Hungary’s MOL oil company’s stake in its Croatian peer, INA, in case the...

Telco

Zwack profit falls on higher tax, lower financial income

After-tax profit of Zwack Unicum, Hungary's best known spirits maker, fell 12% to HUF 587 mln in the first half...

In Hungary

Hungary’s OTP Bank short-listed for acquisition of Polish peer, report

OTP Bank, Hungary’s biggest commercial lender, is among four bidders that have been short-listed to buy Poland’s FM Bank PBP,...

Banking

Report: Hungarian taxes hostile to foreign firms

Although Hungary has officially revoked its internet tax legislation, there is still much room for improvement, according to foreign companies....

Crops

OTP sets up unit in Malta

OTP Bank has established a unit in Malta to optimize in-house financing transactions. The new unit, OTP Financing Malta Company...

Banking

Orbán on internet tax: ‘I think not’

Prime Minister Viktor Orbán confirmed that the government has taken the earlier planned extension of the telecommunications tax to internet...

MNB

MNB to provide €9 bln from reserves for FX loan conversion

The Monetary Council of the National Bank of Hungary (MNB) decided yesterday to provide €9 bln from its international reserves...

EU

Eurostat: One in three Hungarians at risk of poverty

In 2013, more than a third (33.5%) of the population was at risk of poverty or social exclusion in Hungary,...

Telco

Ziehl-Abegg increases headcount with EU funding

Special engines and ventilator parts maker Ziehl-Abegg, located in Marcali in western Hungary, augmented its production and logistics capacity and...

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...