Hungary AM

Ratings

Scope Puts Communication Technologies Rating Under Review

Scope Ratings GmbH has placed Communication Technologies Kft.'s issuer rating and its senior unsecured debt rating, both currently "B+," under...

Banking

Exim Reopens Applications for Reindustrialization Loan Program

Exim Hungary has reopened the acceptance of applications for the Gábor Baross Reindustrialization Loan Program, according to hrportal.hu....

Appointments

Bence Barta Appointed as Partner of Andersen Adótanácsadó Zrt.

Bence Barta, the former director of the indirect taxation business of Andersen Adótanácsadó Zrt. has been appointed a partner at...

Residential

Prefabricated ‘Panel’ Flat Prices Decrease

The prices of prefabricated apartments in the capital decreased by an average of 3% per sqm in 2023, after the...

Government

State Increasing Support for Startup Factory Tender Program

The Startup Factory tender program, which supports the development and incubation of technology startup companies, will have its funding increased,...

Transport

MÁV Aims for Hydrogen-powered Trains, Buses Within 3 Years

István Lepsényi, the chairman of Hungarian State Railways (MÁV), aims to put hydrogen-powered trains and buses into service within three...

Telco

Vodafone Increasing Fees With Inflation

Following Magyar Telekom, Vodafone has also announced that it will raise its monthly fees due to inflation, according to business...

Automotive

EVs, Hybrids 1/3 of Mercedes Cars Sold in Hungary

Fully electric or plug-in hybrid models accounted for one-third of the new Mercedes-Benz passenger cars sold in Hungary last year,...

Residential

Capital’s New Housing Market Shrank by Half Last Year

Based on the primary demand and supply indicators, the capital's new housing market shrank by half last year, according to...

Figures

Life Satisfaction in Hungary Just Shy of EU Average

People in Hungary rated their overall life satisfaction at 6.9 points on a scale of zero to 10 in 2022,...

Green Energy

More Than 17,000 Apply for Solar Energy Plus Program

In the first 24 hours after the opening of the new phase of the Solar Energy Plus Program, more than...

Transport

Next Stage of Southern Circular Railway Begins

The next stage of the development of the Southern Circular Railway began this week, the Ministry of Construction and Transport...

Green Energy

Pre-registration for Solar Panel Subsidies Underway

Pre-registration for the new state solar panel subsidy system started at 10 a.m. yesterday, according to Bank360.hu....

Green Energy

Solar Energy Capacity Reaches 5,649 MW

Hungary's solar energy capacity has reached 5,649 MW, the Ministry of Energy Affairs said in a release on its website,...

HR

Craftsmen Earnings up Significantly Since 2020

The earnings of craftsmen have increased significantly since 2020, according to the business daily Világgazdaság....

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...