Hungary AM

Recycling

Indian embassy in Budapest hosts investment promotion event

The Indian embassy in Budapest hosted an event designed to draw Hungarian investors to the country yesterday. India would welcome...

Deals

Citigroup to exit consumer business in Hungary

Citigroup plans to exit its consumer business in Hungary and ten other countries, the US banking group said yesterday, after...

MNB

New contracts in exchange rate cap scheme drop sharply in August

The number of new contracts signed under an exchange rate cap scheme, that aims to make repayments for retail borrowers...

Telco

Nonprofit organizations help retail government bond sales

Nonprofit organizations bought HUF 68 bln of government retail securities, mainly bonds in September, bringing the monthly retail government securities...

Competition

MVM NET joins DE-CIX internet exchange point

MVM NET, the internet service provider and subsidiary of state-owned Hungarian Electricity Work (MVM) Group, has become a full member...

Issues

Pannon-Flax shares to be delisted from BSE

The shares of textile maker Pannonflax will be delisted from the Budapest Stock Exchange (BSE) on October 27 as the...

Analysis

Jász-Plasztik inaugurates HUF 10 bln battery plant

Hungarian-owned Jász-Plasztik inaugurated a HUF 10.3 bln battery plant at its base in Jászberény (eastern Hungary) on Friday. The plant...

Int'l Relations

DeGép inaugurates HUF 290 mln sales depot

Building equipment supplier DeGép in-augurated a HUF 290 mln sales depot in Debrecen (eastern Hungary) on Friday....

Telco

Hungary publishes first tenders for 2014-2020 EU funding

The first tenders for development funding available to Hungary during the 2014-2020 European Union budget period were published on Friday....

Recycling

Administrative hurdles cleared for Apollo Tyre plant

The government has declared a HUF 146 bln plant owned by India's Apollo Tyres will be built in Gyöngyöshalász (northern...

Issues

FX loans: Court rejects 2 appeals, postpones 6 cases

The Budapest Municipal Court of Appeals rejected two appeals and postponed decisions in six lenders' contract defense cases on Thursday,...

Telco

State-owned VC fund makes 50th investment

The Széchenyi Capital Investment Fund (SZTA), a venture capital fund established by the state with EU funds to support SMEs,...

Debt

12-month T-bills move slowly; floaters sell well

The Government Debt Management Centre (ÁKK) cut its offer of discount twelve-month T-bills but sold more floating-rate bonds than planned...

Recycling

Patec to build plant in Hungary

Singapore-based Patec will build its first plant in Europe, to make car components, in the Hungarian city of Miskolc, Hungarian...

Tourism

Dutch investors buy vacant hotel

A group of Dutch investors has purchased the Kőrős Hotel in Békéscsaba in south-eastern, a representative of the buyers 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...