Hungary AM

Competition

Fiscal Council receives 2015 budget draft

Hungary's Fiscal Council received the draft of next year's central budget act on Monday, and intends to prepare its opinion...

Energy Trade

Agreement reached between Russia and Ukraine on gas price

“Ukraine President Petro Poroshenko confirmed that an agreement has been reached with Russia on a provisional price for gas deliveries...

Int'l Relations

Szijjártó confirms EU, NATO commitments

Hungary is a member of the European Union and NATO and this clearly indicates where its commitments lie, the foreign...

History

PM: Draft 2015 budget to be revealed today

Hungarian Prime Minister Viktor Orbán’s 2015 draft budget, which he will present to Parliament for approval today, contains figures aimed...

Banking

Gov’t ready to stand up for ad tax in Brussels

The government is ready to stand up for Hungary's tax on advertisements in Brussels if it comes to it, the...

Retail

Hungarian company tops Deloitte Technology Fast 50 list for region

Hungary's Szallas.hu, an online service for booking commercial accommodations, is number one on this year's Deloitte Technology Fast 50 in...

Food

Hungarian, Russian business forum held in Budapest

An annual Russian-Hungarian business forum organised by the Club of Businesses Association started in the capital yesterday. Association head Sándor...

Int'l Relations

PM: Hungarian-Singapore economic ties strenghtening

Trade and investment opportunities were the focus of talks between Viktor Orbán, Hungary's premier, and Singaporean counterpart Lee Hsien Loong...

Recycling

Sale of MAL assets winds up

The sale of the assets of troubled aluminum maker MAL has closed successfully, Hungarian regional daily Veszprém Megyei Napló reported...

Int'l Relations

Szijjártó: Austria-Hungary cooperation ‘most important’

Steady ties between the countries of central Europe, and cooperation between Austria and Hungary in particular, are valuable in a...

Deals

Citi to serve only corporate, institutional clients

Citigroup's business in Hungary will continue to operate, but only serve corporate, institutional and SME clients, Citi Magyarország said on...

Telco

State to become direct owner of Paks upgrade project company

A project company established to undertake an upgrade of Hungary's sole nuclear power plant, in Paks, will be put under...

Initiatives

CEU Business School offers info session

CEU Business School in Hungary is offering an open Info Session to allow people to learn more about the schools...

Deals

Danube port undergoes HUF 895 mln of improvements

Port Danube is investing HUF 895 mln on improvements at its freight port on the Danube, in Komárom (northwest Hungary),...

Issues

Constitutional Court to continue hearing contract defense case referrals soon

Hungary's Constitutional Court on Tuesday started hearing cases on unilateral changes to loan contracts referred by lower courts, but took...

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...