Hungary AM

Recycling

Beverage Makers: Redemption System Should Not Exceed Int’l Levels

Hungarian beverage manufacturers are asking the government that the costs of the redemption system for beverage packaging should not exceed...

MNB

MNB Investment Companies’ Profit up 35%

After-tax profit of investment companies overseen by the National Bank of Hungary rose 35% year-on-year to HUF 42.6 billion in...

Construction

Building Material Makers Cut Production Amid Dropping Demand

Local building material makers have cut production amid big drops in demand, the professional association Méasz said, according to uzletem.hu....

Residential

Demand for Newly Built Apartments Falls

Due to the relatively large sizes of the available real estate, high loan interest rates, and the increase in construction...

Crops

Bonduelle Produces 300 mln Cans of Corn

Bonduelle turned out close to 300 million cans of Hungarian sweet corn at its local plants this year, a new...

Deals

4iG Outlines Strategic Partnership With Rheinmetall

Listed Hungarian ICT company 4iG outlined its strategic partnership with Rheinmetall in a presentation to investors at the German defense...

Int'l Relations

Slovakia Extending Border Controls With Hungary

Earlier this week, Slovakia's government approved keeping temporary controls on its border with Hungary until December 23....

Interview

Zhejiang Shuanghuan Driveline Setting up HUF 39 bln Plant

Chinese automotive industry company Zhejiang Shuanghuan Driveline will set up a HUF 39 billion electric vehicle parts plant in Jászfényszaru...

Tourism

Budapest Among World’s Best Travel Destination at 150th Anniversary

The Hungarian capital celebrated its 150th birthday this weekend with gala shows and was also chosen as one of the...

Transport

Waberer’s Planning to Almost Double Profit by 2027

Listed Hungarian hauler Waberer's International forecasts its annual operating profit will rise from EUR 33 million in 2022 to EUR...

MNB

MNB’s Virág Suggests 75 bp Base Rate Cut

National Bank of Hungary (MNB) deputy-governor Barnabás Virág suggested central bank policymakers would cut the base rate by 75 basis...

Int'l Relations

US Ambassador Sounds Alarm on “Sovereignty Protection” Bill

The U.S. Ambassador to Hungary said a proposal by Prime Minister Viktor Orbán to target media and civic groups was...

Deals

Employers, Unions Reach Minimum Wage Deal

Employers and unions reached an agreement on minimum wage rises at a forum yesterday, Minister of Economic Development Márton Nagy...

Initiatives

Hungary Restarting ‘Golden Visa’ Program

Hungary will offer a residency permit for those who purchase expensive property in the European Union nation six years after...

Ecosystem

Fewer Companies Plan to Invest, DUIHK Survey Finds

The latest survey of business sentiment conducted by the German-Hungarian Chamber of Industry and Commerce (DUIHK) shows fewer companies have...

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...