Hungary AM

Int'l Relations

Beijing considers Hungary bridgehead to Europe, says Chinese foreign minister

Hungary is a bridgehead in Chinese-European cooperation, Foreign Minister Wang Yi said at a meeting with Hungarian counterpart Peter Szijjártó...

Telco

Tile maker Mediterran to invest HUF 250 mln

Tile maker Mediterran Magyarország Betoncserép Gyártó has launched a HUF 250 mln expansion of its plant in Kunszentmiklós, the family-owned...

Telco

Greiner Bio-One to invest HUF 2 bln in Hungary

Greiner Bio-One, an Austrian manufacturer of disposable health care products, said it will invest HUF 2 bln (€6.5 mln) in...

Competition

GVH fines Magyar Telekom on charge of misleading advertising

Hungary's Competition Office (GVH) yesterday said it fined Magyar Telekom HUF 90 mln on charges of misleading advertising. In television...

Conferences

Analysts: Chances for relaunch of Hungary rate cuts grow

Some analysts polled by MTI see a growing chance for the National Bank of Hungary (MNB) to restart rate reductions,...

Banking

EC: Internet tax ‘bad direction’

Hungary is behind the EU average concerning digital penetration and levying a tax on internet use would point to "a...

Telco

Wescast to invest HUF 4.8 bln

Car parts manufacturer Wescast plans to invest HUF 4.8 bln in machinery at its Hungarian production facility at Oroszlány (central...

Analysis

ICE clears Hungarian CDS

Intercontinental Exchange ICE announced yesterday that ICE Clear Credit has introduced clearing for Hungary and South Africa credit default swap...

Competition

Simple and Samsung start strategic cooperation

Simple, the brand name of OTP bank's mobile paying application, and Samsung have started a strategic cooperation Simple said in...

Banking

Government backs cap on proposed internet tax

The government supports a proposed amendment submitted by the governing Fidesz party to cap the tax to be levied on...

Deals

Competition office greenlights LUKOIL acquisition

Hungary's economic competition office GVH said yesterday it had approved the planned acquisition of 100% of the shares of LUKOIL...

Telco

Fiscal Council clears 2015 budget draft but calls for bigger reserves

Hungary's Fiscal Council said on Monday it cleared the government's draft for the 2015 budget bill but added that safely...

Food

JP Morgan cuts GDP forecast for Hungary, CEE

Hungary's economy, along with its Central and Eastern European peers, is facing a slowdown in the headwind of a struggling...

Interview

Foreign ministry to lay off 25% of staff

Some 25% of the Hungarian foreign ministry's staff will be laid off, Péter Szijjártó, the minister, confirmed to Hungarian online...

Awards

Lázár to discuss grant scheme with Norway minister

Head of the Prime Minister's Office János Lázár said Wednesday he would invite the Norwegian minister in charge of Norway's...

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...