Hungary AM

Int'l Relations

Hungary talks strategic partnership with Azerbaijan

Hungary and Azerbaijan intend to sign a strategic partnership agreement, and talks on the matter will begin next week in...

MNB

Demand remains low at MNB’s tender for FX loan refunds

The National Bank of Hungary (MNB) allotted banks only €13 mln of FX liquidity on Monday in the fourth round...

Analysis

GKI: GDP outlook worse than expected

Economic outlook for Hungary is negative already in the short term, according to a report by GKI Gazdaságkutató Zrt. published...

Telco

Vodafone signs for frequencies

Hungary's National Media and Infocommunications Authority (NMHH) signed the contract with Vodafone on Monday regarding the use of frequencies Vodafone...

Energy Trade

U.S. against sale of MOL’s INA stakes to Gazprom

The U.S. opposes the sale of MOL’s 49% stake in INA – Croatia’s largest energy company – to Russian energy...

Interview

Bunge says it is not under VAT fraud investigation

The Hungarian unit of U.S. company Bunge, said in a statement on Friday that it has met in full its...

Analysis

Jobbik promises free internet

Only few days after Prime Minister Viktor Orbán suspended the internet tax legislation proposed by his party earlier in October,...

Interview

Mellár: No disagreeing with Orbán; internet tax may return

Prime Minister Viktor Orbán is merely stalling by suspending the internet tax bill, but access to information will be limited,...

Banking

Economy Ministry withdraws internet tax, for now

The Economy Ministry said Friday afternoon that it had initiated the withdrawal of the proposed internet tax with the chairman...

Awards

GAMMA Properties to manage IVG’s Hungarian portfolio

GAMMA Properties took over the asset management of IVG’s Hungarian portfolio on October 1. In a press release published yesterday,...

Telco

INA profit up 21% y.o.y. and 51% in 9 mos.

Croatian oil and gas company INA, subsidiary of its Hungarian peer MOL, had net profits attributable to shareholders of HRK...

Telco

Corporate tax revenue target HUF 341 bln in next year’s budget bill

The 2015 budget bill, submitted by the government to Parliament on Thursday, targets revenue from corporate tax of HUF 341.4...

Analysis

Internet tax will backfire, ISPs warned

A weakening SME sector, slowing economy and loss of billions of euros of EU funding are just some of the...

Visits

Szijjártó to meet British counterpart during visit to Slovakia

Foreign Minister Peter Szijjártó will have bilateral talks with British foreign minister Philip Hammond on Hungary-UK ties and economic cooperation...

Competition

Hungary 54th in the World Bank’s Doing Business survey

Hungary kept its ranking as 54th in a comparison of how easy it is for domestic firms to do business...

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...