Hungary AM

In Hungary

Appeals of contract defense rulings to wind up

Appeals of rulings on banks' defense of unilateral changes to contracts should wind up by the middle of November, Justice...

Conferences

Eight Hungarians make New Europe 100 innovators list

Eight Hungarians have been included on a list of 100 leaders of innovation in the region, Google, which helped launch...

Issues

International court favors Hungary in casino ruling

The International Center for Settlement of Investment Disputes (ICSID), in Washington, DC, yesterday ruled in favor of the state of...

MNB

Banker: Moratorium on mortgaged property sale stifles loan market

Mortgage lending could become attractive again if the moratorium on the sale of the mortgaged properties is lifted, Raiffeisen Bank...

Conferences

Central Europe to go against tax fraud

Six Central European countries – the V4 group of Hungary, the Czech Republic, Poland and Slovakia, as well as Germany...

Food

Penzügykutató puts GDP growth at 3.1% in 2014

Economic researcher Penzügy-kutató projects Hungary's GDP growth will reach 3.1% this year – in line with the government forecast –...

MNB

Hungary sees state debt falling to 76.9% level this year

The National Economy Ministry projects Hungary's state debt as a percentage of GDP will fall to a lower-than-expected 76.9% at...

MNB

EC: Hungary’s debt reduction steps no substitute for real fiscal consolidation

The European Commission acknowledged recent steps Hungary has taken to reduce its state debt in a report published on Wednesday,...

Deals

Toolstyle to invest HUF 600 mln in Miskolc plant

Hungarian engineering company Toolstyle is spending HUF 600 mln, partly from monies won in a tender, on a new production...

Conferences

Szijjártó, Jordanian deputy PM discuss cooperation

Hungarian Foreign Minister Péter Szijjártó discussed cooperation in higher education with Jordanian Deputy Prime Minister Amin Mahmud in Budapest yesterday,...

Initiatives

National asset company buys HUF 3.75 bln stake in gas line

A shareholders' meeting of the state-owned Hungarian Electricity Works (MVM) has decided to sell the company's 49.98% stake in Magyar...

Figures

Hungary PPI down 0.4% y.o.y. in August

Industrial producer prices edged down by 0.4% in August from a year earlier, after declining 0.3% in July, the Central...

Awards

CIB Group announces another Online Property Auction

The CIB Group – as the first in the Hungarian market to do so – launched a comprehensive programme in...

MNB

Eximbank: Rapid growth of assets to continue

State-owned Hungarian Eximbank expects its lending to expand and the growth of total assets continue, CEO Roland Natran announced in...

Issues

Banking Association appeals to President on settlement law

The Hungarian Banking Association has asked the President of the Republic not to sign legislation on settlement due borrowers from...

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...