Hungary AM

Sights

Graphisoft Park profit climbs as costs fall

Graphisoft Park, a company that owns and operates a business park in the north of Budapest, had after-tax profit of...

Telco

Government deficit reaches HUF 851.4 bln in July

Hungary's cashflow-based general government deficit, excluding local councils, reached HUF 851.4 bln at the end of July, a first reading...

Telco

Graboplast to become Plc

The owners of Hungarian specialty flooring maker Graboplast have decided to transform the company into a public limited company (Nyrt)...

MNB

Moody’s: Negative outlook for Hungary’s bank sector

Moody's Investors Service left its outlook for Hungary's Ba1-rated banking system at negative, the ratings agency reported late last week....

Interview

PM’s office to administer Norway grants

The government is planning to transfer administration of nine EEA and Norway Fund-supported programmes from the state-owned Széchenyi Program Office...

Pharma

Richter revenue outlook worsens slightly

Hungarian drugmaker Gedeon Richter expects its revenue – calculated in euros – to fall 6-7% this year, CEO Erik Bogsch...

Deals

MOL protests leak of INA recording

Hungarian oil and gas company MOL on Wednesday expressed its strong disapproval of the leak of a recording of talks...

Analysis

Number of children could impact pension

The Demographic Roundtable's recent proposal to take the number of children and their attained level of education into account in...

Food

House speaker notes centenary of WWI

Europe will only have a future if its nation states are based on Christian morals, creative work and fair international...

MNB

Erste: FX law cuts assets by more than 10%

The net assets of Erste Bank Hungary dropped more than 10% by the end of June from the end of...

Deals

GVH levies fines of more than HUF 3 bln in H1

Hungary’s Competition Office (GVH) reported on its website that it levied fines of HUF 3.2 bln on offenders in the...

Awards

Ombudsman asks gov’t to discuss Norway funds

The governments of Hungary and Norway must consult on the interpretation of an existing contract that governs the management of...

Telco

MOL to cut cost of petrol, raise diesel prices

Hungarian oil and gas company MOL will lower its petrol prices but raise the price of diesel on Wednesday, MTI...

Pharma

Gov’t: Sanctions on Russia don’t hit Paks plans

Preparation for the expansion of the Paks nuclear power plant is not affected by the planned international sanctions against Russia...

EU

Socialists call on Seszták to resign

The opposition Socialists have called on development minister Miklós Seszták to resign, repeating complaints that the minister assisted in questionable...

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...