Hungary AM

History

MNB fines MagNet Bank in money laundering case

The National Bank of Hungary (MNB) yesterday announced it fined MagNet Bank HUF 19 mln after being found guilty of...

Telco

IT Services Hungary opens new base

German-owned IT service provider IT Services Hungary has opened a new 2,500 sqm base in Pécs (southwestern Hungary) the company...

Industrial

Window maker ISO inaugurates HUF 400 mln expansion

Hungarian window and shutter maker ISO inaugurated a HUF 400 mln construction hall and showroom in Szentendre, near the capital,...

Office Market

HUF 360 mln business incubator completed

A HUF 360 mln business incubator has been completed in Gödöllő, near Budapest, the managing director of project manager Elszer...

History

Official: Development Ministry to focus on state ownership

The National Development Ministry is working on a unified model for the operation of state-owned companies, and will actively work...

Ratings

EY raises projection for GDP growth

Consultancy EY has raised its projection for GDP growth in Hungary this year to 3.3% from 2.9% in a quarterly...

Telco

Pannergy to supply geothermal heat to Győr

Arrabona Geotermia, a subsidiary of PannErgy has signed a contract to supply geothermal heat to the public utility and asset...

Deals

Alliance Jura-Hongrie invests in health group

Budapest-based venture capital fund manager Alliance Jura-Hongrie has invested HUF 420 mln in Hungarian health industry group MEDinnovest, investment director...

Food

Duna Aszfalt wins HUF 4 bln road tender

Civil engineering company Duna Aszfalt has won a HUF 4 bln tender to build roads and complimentary infrastructure in three...

Int'l Relations

Gov’t confident EC will approve plans for funding

Following talks in Brussels, the government will hand over Hungary's operative programmes to the European Commission by the end of...

Food

Rogán: Fidesz to propose ‘fair banking’ law

Hungary's governing Fidesz party would like Parliament to pass a law on the "fair banking system" by the end of...

Sights

Béres inaugurates HUF 500 mln expansion

Hungarian pharmaceutical company Béres inaugurated a HUF 500 mln expansion in Szolnok yesterday. Prime Minister Viktor Orbán gave a speech...

Issues

Court rules against UniCredit’s loan defense

The Municipal Court of Budapest rejected UniCredit Bank Hungary's defense of changes it made to borrowers' contracts in a ruling...

Food

HUF 29 bln for poor to be spent on giving advice

The government has approved a HUF 29 bln draft programme to help the needy, and forwarded the plan to the...

Telco

Government OKs HUF 50 bln in road renovation

Hungary's government has approved HUF 50bn of renovation projects on some 500 km of road, National Development Ministry State Secretary...

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...