Hungary AM

Competition Office OKs Axel Springer-Ringier union

Hungary's Competition Office (GVH) said it approved a merger of the Hungarian businesses of media giants Axel Springer and Ringier....

New MSZP leader wants to get back to basics

József Tóbiás, the new leader of the opposition Hungarian Socialist Party, has promised to strengthen the party, saying that a...

Sustainability

‘Bad bank’ to be set up in Hungary by fall

Hungary plans to set up a "bad bank" to isolate lenders' non-performing loans, National Bank of Hungary (MNB) managing director...

Sustainability

‘Bad bank’ to be set up in Hungary by fall

Hungary plans to set up a "bad bank" to isolate lenders' non-performing loans in fall, National Bank of Hungary (MNB)...

EU

Navracsics: More sanctions may be justified

The escalation of conflict in eastern Ukraine could justify imposing a third package of EU sanctions on Russia, Hungarian Foreign...

Elections

Áder sets date of local elections for Oct. 12

Hungarian President János Áder has set the date of Hungary's 2014 local elections for October 12, 2014. The July 21...

Telco

Deficit at 82.6% of full-year target by June

Hungary's cashflow-based general government deficit, excluding local councils, came to HUF 813.7 bln by the end of June, equivalent to...

Interview

Analysts: MNB to cut rates 10bp on Tuesday

Analysts polled by international news agency Reuters expect the National Bank of Hungary's rate-setting Monetary Council to continue an easing...

Int'l Relations

Hungary, Romania meet on economy

A plenary meeting of the Hungarian-Romanian Joint Economic Committee took place in Budapest on Tuesday, according to Magyar Nemzet online...

MNB

Moody’s: Hungary FX law is credit negative for banks

Hungary's new law on foreign-exchange-based loans will substantially increase losses for banks compared to earlier expectations, and is therefore credit...

Food

OTP Bank closing in on MKB acquisition

OTP Bank is moving close to acquiring MKB Bank, the Hungarian unit of Germany-based Bayerische Landesbank (Bayern LB), Reuters reported...

Telco

MNB closes 2013 with HUF 26.3 billion profit

The National Bank of Hungary closed 2013 with profit of HUF 26.3 billion, the central bank said on Friday, citing...

Pharma

EC endorses investment aid for Hankook Tire

The European Commission has reported its authorization of €57.9 million in regional investment aid to Hankook Tire Hungary for the...

Deals

Business Telekom floats 500,000 shares on BSE today

Hungarian-owned telecommunications company Business Telekom (BTel) will float 500,000 more shares at the Budapest Stock Exchange (BSE) on Friday, the...

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...