Hungary AM

Innovation

50% of Ransomware Victims Saved by Backups

More than half of the Hungarian companies attacked by ransomware in 2023 used their own data backup methods and did...

Energy Trade

Fuel Prices Under Average of Neighboring Countries

Prices at the pump in Hungary were under the average in neighboring countries during the week, according to data compiled...

Tourism

Optimism Persists in Tourism Sector 

The National Association of Tourist and Hospitality Employers (Vimosz) said that optimism characterizes the Hungarian tourism sector, based on its...

Crops

Opportunity in Domestic Cultivation of Berries

The domestic cultivation of berries has fallen into the background in recent decades, even though there is a demand for...

Green Energy

Solar Tender Receives 32,430 Pre-registration Requests

Some 32,430 pre-registration requests had been received for the tender supporting the installation of modern solar systems by the time...

Energy Trade

Community Project Promoting Solar Energy Starts in Budapest

A project supporting the spread of community utilization of solar energy will be launched in Budapest with European Union support,...

Science

Hungarian Unis Advance in QS Ranking

Some eight Hungarian universities have advanced in the latest annual ranking of higher education institutions in Europe by Quacquarelli Symonds...

Science

More Unis Join Hungary’s UniSpace Training Program

Four more universities joined UniSpace Hungary, a consortium of institutions of higher education established to train the next generation of...

Drinks

This Year’s Fruit Harvest Promises Good Pálinka Season

This year's fruit harvest promises a good pálinka season, with the professionals expecting a more favorable year; after last year's...

Government

Windfall Taxes on Some Companies Phasing out From 2025

Hungary's government will phase out windfall taxes on telecommunication and pharmaceutical companies from 2025, Minister of National Economy Márton Nagy...

MNB

Budapest School for Central Bank Studies Offering Courses

The Budapest School for Central Bank Studies, the training school of the National Bank of Hungary (MNB), is offering intensive...

Trade

Beekeeping Association Files Complaint Against Chinese Imports

With the professional help of the Ministry of Agriculture, the National Hungarian Beekeeping Association (OMME) has filed an anti-dumping complaint...

Green Energy

Solar Panel Subsidy Scheme Gets HUF 30 bln Top-up

The government is raising the original HUF 75.8 billion allocation for a subsidy scheme supporting the installation of home solar...

Banking

Loans Encouraging Some to Renovate, Most Worried About Difficulties

The possibility of state-subsidized loans encourages 23% of Hungarians to embark on renovation works, but almost everyone (93%) is somewhat...

Automotive

Hipa: Punitive Tariffs on Chinese EVs Don’t Benefit Automotive Industry

Punitive tariffs on some Chinese EVs imposed by the European Commission benefit neither consumers nor manufacturers in Europe, the CEO...

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...