Hungary AM

Trade

EUR 271 mln Trade Deficit in December

Hungary had a EUR 271 million trade deficit in December, the first negative balance in almost a year, according to...

Residential

Housing Market Recovered in February

Offers on the residential real estate market for sale increased in monthly and annual comparisons in February, while demand also...

Deals

Bourse Acknowledges ‘Best of BSE’ 

The Budapest Stock Exchange recognized last year's outstanding capital market players at its "Best of BSE" awards last week, according...

Figures

Q4 Investment Volumes Fall 3%

Investment volume in Hungary fell 3% year-on-year in the fourth quarter, slowing from double-digit declines in the previous two quarters,...

MNB

Varga: Gov’t Respects MNB’s Independence

Minister of Finance Mihály Varga acknowledged that his ministry, in consultation with the European Central Bank, was weighing the possibility...

HR

1/3 Passively Looking for New Job

Research conducted by profession.hu in the first quarter of 2024 reveals that 36% of the Hungarian population aged 18-65 are...

Retail

Pepco Hungary Loses EUR 15 mln in Phishing Attack

The Hungarian business of European discount retailer Pepco Group has suffered a phishing attack, resulting in about EUR 15 million...

HR

Teachers’ Union Demands Uniform Wage Scale in Higher Education

The Union of Higher Education Workers has issued a statement demanding that the salary scale be uniform in all higher...

Banking

Personal Loans up Dramatically in 2023

The number of Hungarians taking out personal loans rose dramatically last year, according to data from the National Bank of...

Drinks

NAV Seizes Over 25,000 Liters of Alcohol

The tax authorities seized more than 25,000 liters of alcohol of unknown origin in a distillery, the National Tax and...

HR

Half of Employees Dissatisfied With Salary

Some 50% of employees working at companies are dissatisfied with their current salary, and 63% of them plan to change...

Transport

Magyar Posta Expects Increase in Package Delivery

Magyar Posta expects an increase in package deliveries based on the government decree effective from March 28, which stipulates that...

HR

Employees Want Programs Supporting Work Mental Well-being

Some 94% of the respondents said that it is essential to deal with mental well-being, according to Impact Works' latest...

Transport

MÁV-Volán Introducing New Tariff System From March 1

The new tariff system for Hungarian intercity transport will start on March 1, the MÁV-Volán group said in a statement...

Figures

Investment Company Profits up 11% in 2023

The after-tax profit of investment companies overseen by the National Bank of Hungary rose 11% to HUF 53.8 billion in...

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...