Hungary AM

Analysis

Ministry Support for Cultural Festivals Increases to HUF 800 mln

The Ministry of Culture and Innovation has increased support for cultural festivals in 2024 to HUF 800 million, according to...

Automotive

Audi Hungaria’s Dintner Given Hungarian Order of Merit

Alfons Dintner, the chairman of Audi Hungaria, was presented with the Knights Cross of Hungarian Order of Merit by Minister...

Automotive

Half of Hungarians Use 16-plus Year Old Autos

Some 51% of Hungarian car owners use a car 16 years or older, which they bought for between HUF 1...

Retail

Online Price Platform Reduces Inflation by 0.4 pp

An online platform that monitors the prices of a broad range of food products at Hungary's biggest supermarket chains has...

Transport

Expansion of Debrecen Highway Completed

The expansion of highway number 33 to two lanes on the border of Debrecen (225 km east of Budapest), between...

Transport

Austrian Rail Development to Cut Time From Budapest to Vienna

The Austrian government plans to invest more than EUR 21 billion in railway development projects between 2024 and 2029, which...

Tourism

Budapest Airport Expects 1 mln Monthly Passengers This Winter

Hungary's Budapest Airport is anticipating welcoming more than one million passengers monthly throughout the winter season, schengenvisainfo.com reports....

Telco

4iG Signs Memorandum of Understanding With Gov’t 

4iG signed a memorandum of understanding with the government yesterday to strengthen the listed ICT company's role in implementing government...

Figures

Graphisoft Park Profit Rises 29%

The after-tax profit of Graphisoft Park, which owns and operates the eponymous business park in the north of Budapest, rose...

Analysis

Risk of Poverty, Social Exclusion Highest Among Elderly

The risk of impoverishment and social exclusion is highest among those about to retire in Hungary, according to data from...

Banking

Continued Decline in Demand for Corporate Credit

A quarterly survey of loan officers published by the National Bank of Hungary (MNB) on its website yesterday shows a...

Issues

52% of Hungarians Find Orbán’s Meeting With Putin Unacceptable

A poll by the Publicus Institute commissioned by the Hungarian left-leaning opposition newspaper Népszava has found that more than 52%...

Office Market

Offices Affected by Challenging Real Estate Market

The challenging real estate environment has left its mark on the office market, according to the joint data analysis of...

Construction

High Prices, Interest Rates Stifle Construction Demand

The decline in the housing construction market intensified in the third quarter, Gábor Kiss, vice-president of the Real Estate Developers'...

Figures

Over 98,000 Foreign Citizens Live in Budapest

More than 98,000 foreign citizens live in Budapest, according to the latest census data of the Central Statistical Office (KSH)....

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...