Hungary AM

Int'l Relations

Econ Development Minister Signs 4 Agreements in China

Minister of Economic Development Márton Nagy signed four agreements in China yesterday, after talks between Prime Minister Viktor Orbán and...

Automotive

Automotive Industry Output up 4.6% y.o.y. in August 

The output of the automotive industry, Hungary's most significant manufacturing sector, rose 4.6% year-on-year in August, slowing from a 14.4%...

World

IMF: CEE Central Banks Should Maintain Tight Monetary Policy

Central Europe's central banks should maintain a tight monetary stance for a "considerable time" to ensure inflation is kept in...

Analysis

2024 Minimum Wage Talks ‘Going Well’

Talks on next year's minimum wage rise are "going well," and an agreement could "very likely" be reached by the...

Banking

MBH Bank Issued EUR 350 mln in MREL-eligible Bonds

MBH Bank issued MREL [minimum requirement for own funds and eligible liabilities]-eligible bonds with a nominal value of EUR 350...

Figures

Internal Migration Still Westward Leaning

Those moving within the country are still typically heading west, according to OTP Ingatlanpont's recent analysis based on Central Statistical...

Int'l Relations

Hungary, Georgia Sign Industrial Cooperation Agreement

Hungary and Georgia signed an agreement to deepen their industrial cooperation yesterday, the Ministry of Economic Development said in a...

Int'l Relations

MÁV Partially Closes Track Between Budapest, Hegyeshalom

Hungarian State Railways (MÁV) has partially closed the double-track mainline between Budapest and Hegyeshalom (170 km northwest of Budapest) on...

Logistics

Magyar Posta Inaugurates 500th Parcel Locker

State-owned postal company Magyar Posta inaugurated its 500th parcel locker at the Etele Plaza shopping center in the capital, according...

MNB

MNB Says Inflation Slowdown Driven by Drop in Regulated Prices

The National Bank of Hungary (MNB) said the prices of regulated products and services, which fell on the base effect...

Pharma

Hungary Orders 300,000 of Latest COVID Vaccine

Hungary has ordered 300,000 doses of COVID-19 vaccine from the quota reserved for the European Union, virologist Miklós Rusvai told...

Banking

Nagy Thanks Lenders for Cooperation in Capping Rates

Minister of Economic Development Márton Nagy thanked lenders for their cooperation in implementing voluntary rate caps on new corporate and...

Deals

Waberer’s Acquiring 55% Stake in MD International

Listed Hungarian hauler Waberer's International on Friday announced its wholly-owned unit WSZL signed an agreement to acquire a 55% stake...

Figures

Road Accidents Involving Injury Fall 13% in Q2

The number of road accidents involving injury in Hungary fell 13% year-on-year to 3,616 in the second quarter, according to...

Figures

Investment Fund Subscription at HUF 453 bln 

Net subscription of units of Hungarian investment funds reached HUF 453 billion in August, up from HUF 339 bln 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...