Hungary AM

Automotive

BorgWarner Investing HUF 25 bln in Oroszlány

U.S. automotive industry supplier BorgWarner will invest HUF 25 billion at its base in Oroszlány (70 km west of Budapest),...

Trade

Trade Surplus at EUR 1.34 bln in September

Hungary's trade surplus reached EUR 1.34 billion in September, widening from EUR 665 million in the previous month, the Central...

Figures

Household Sector Financing to Reach 2% of GDP

Gross retail issuance is set at HUF 4.298 trillion in the 2024 plan, the Government Debt Management Agency (ÁKK) said...

Automotive

Motorists Pay HUF 52,599 in Annual Vehicle Insurance Premiums

Hungarian motorists paid almost HUF 52,500 for their annual compulsory vehicle insurance premiums, on average, in the third quarter, according...

Sustainability

Market Group Switching to Sustainable Operations Within 3 Years

The Market Group will switch to sustainable corporate operations within three years, the construction industry player said in its sustainability...

Analysis

SMEs More Pessimistic

Small- and medium-sized enterprises have become more pessimistic, according to the results of GVI's October business cycle survey, writes business...

Residential

Real Estate Sales May Be Stronger Than Usual in December

Duna House and Credipass experts expect "dumping" in the real estate market this December, according to profitline.hu....

Automotive

Border Austrians Flocking to Hungary for Cheaper Driving Lessons

Austrians have been flooding Hungarian towns close to the Hungarian–Austrian border to get cheaper driving lessons, according to Blikk....

Transport

Passenger Rail Linking Szeged, Subotica Restarts After 8 Years

Passenger rail transport between Szeged (170 km southeast of Budapest) and Subotica, Serbia, has restarted after eight years with five...

Recycling

Packaging Fees Could Raise Food Prices Further

Food may become more expensive if the fees to be paid for packaging increase next year, according to business daily...

Innovation

Innovation Remains Stagnant

The innovation activity of Hungarian companies has been stagnating at a low level during the current unfavorable economic situation, according...

HR

Number of Foreign Workers Nears 100,000

The number of foreign workers working in Hungary may soon reach 100,000, reports portfolio.hu, based on data from the Central...

Residential

Apartment Ownership up Among 30-59-year-olds

The proportion of people who own their own apartment among 30-59-year-olds has increased significantly in four years, from 64% to...

Tourism

More Guest Nights y.o.y. for Year-end

In the first half of November, the number of guest nights spent in domestic accommodation increased by nearly 15% compared...

Debt

General Gov’t Deficit at HUF 3.488 tln in October

Hungary's cash flow-based general government deficit reached HUF 3.488 trillion at the end of October, the Ministry of Finance confirmed...

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...