Hungary AM

Banking

Magyar Telekom urges against plan for internet tax

The Hungarian government should revoke its plan to tax internet use from next year as it will be detrimental to...

History

PM to pay law enforcement agencies from internet tax income

Hungary’s Prime Minister Viktor Orbán himself came up with the idea of the internet tax, as a way to get...

Analysis

About 40,000 march against internet tax

An estimated 40,000 demonstrators marched down Andrássy út, yesterday evening, to protest the recently announced plans of levying a tax...

Telco

Flex-Coop completes HUF 249 mln production hall

Hungary's Flex-Coop, which makes material handling systems, has completed a HUF 249 mln production hall at its base in Batonyterenye...

MNB

Report: Hungary’s redistribution rate rises in 2013

Hungary's redistribution rate – government expenditure as a percentage of GDP – rose by one percentage point from 2012 to...

Telco

Bill would allow OTP to write off Ukrainian losses

In a provision apparently tailored to OTP Bank, a tax bill submitted by the government to Parliament yesterday would allow...

EU

Provision would harmonize pálinka tax with EU rules

A provision in a tax bill submitted by the government to Parliament on yesterday would eliminate a tax exemption for...

History

Varga says tax office chief not affected by U.S. entry ban

Economy Minister Mihály Varga said yesterday that he did not think tax office chief Ildikó Vida was among the persons...

Telco

Government deficit at 85.8% after good September

Hungary's cashflow-based general government deficit, excluding local councils, had a HUF 14.2 bln surplus in September, narrowing the gap to...

Tourism

Lufthansa cancels 18 flights due to strike

After the workers of German airline Lufthansa went on strike on Monday, the German airline announced yesterday that it cancelled...

Competition

Report: Foreign firms see lack of transparency

The number of foreign companies operating in Hungary that are satisfied with the country’s transparency and its level of corruption...

Hotels

Report: Hungarian hotels inflate star ratings

Ten percent of Budapest hotels are not actually qualified for the stars they’re claiming – and the situation outside of...

Telco

Competition Office fines regional publishers

Hungary's Competition Office (GVH) on Monday said it fined four regional publishers almost HUF 2.2 bln for colluding on market...

History

Six Hungarians affected by U.S. entry ban

Six Hungarians are affected by the entry ban to the United States on suspicion of corruption, and all six people...

History

Corruption in Hungary ‘a ticking timebomb’

The recent speculation surrounding allegations of corruption by Hungarian officials is now in the hands of the European Anti-Fraud Office...

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...