Hungary AM

Deals

Economist: Exploration and production drive INA revenues

Exploration and production are the main revenue drivers for INA, and investments must be channeled into to most lucrative businesses,...

Deals

State to buy Bombardier’s stake in JV with MÁV

The Hungarian National Asset Management Company (MNV) has signed an agreement to buy out a foreign-owned stake in Bombardier Transportation...

EU

Russian sanctions cost Hungary’s farmers €80 mln so far

The Russian embargo on food imports from the European Union has cost Hungary’s farm sector €80 mln so far, Rural...

Int'l Relations

Three Hungarian firms win EU’s new SME grant

Three Hungarian businesses, ASK-M, BIOMORV and BIOPOLUS, were among the small and medium-sized enterprises (SMEs) from 21 countries that won...

Office Market

Matolcsy defends MNB’s property purchases

National Bank of Hungary governor György Matolcsy defended the central bank's recent real estate purchases against criticism from a predecessor...

Pharma

Apollo Tyres announces HUF 146 bln factory

Company and government officials announced the construction of a HUF 146 bln plant in Hungary by India's Apollo Tyres at...

History

Kövér: Rules criticised by Strasbourg court no longer in effect

The regulations criticised by a recent Strasbourg Court’s ruling are no longer in effect,the parliamentary speaker said, according to 444.hu....

Telco

British ambassador calls for strengthening ties

Every opportunity must be seized to strengthen effective cooperation between Hungarian and British economic players, the British ambassador said in...

Sights

Jury rejects designs for City Park museum quarter

No plans and designs submitted at the tender for the new National Gallery and Ludwig Museum met all the criteria,...

History

Parliament starts fall session with talk of banks and NGOs

As Parliament began its autumn session this week, Antal Rogán, head of the parliamentary group of the ruling Fidesz party,...

History

Siófok Holocaust memorial unveiled

A memorial has been erected in Siófok to pay tribute to a community of 500 local Jews who were deported...

8,142 mayoral candidates fielded for election

Local election offices registered 8,142 candidates for mayor running in the upcoming municipal elections by the Friday midnight deadline, nol.hu...

Telco

Győr-Gönyű port to get HUF 6.5 bln investment

An investment of HUF 6.5 bln (€ 20.7 mln) at the Győr-Gönyü port on the Danube could start in January...

MNB

Central bank could assist conversion of €8 bln in FX loans

The Hungarian National Bank (MNB) is ready to use some of its foreign exchange reserves to ease the conversion of...

Deals

Tarlós announces Metro 3 tender, lido work

The tender for the renovation of carriages on the city's Metro 3 line will be called within two or three...

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...