Hungary AM

Debt

Fiscal Council Acknowledges New Deficit Target

Hungary's Fiscal Council, a body established to weigh in on budget matters, acknowledged the government's new 2023 deficit target in...

Tourism

Parliament Building Top Tourist Attraction – Stasher Tourism 

The Hungarian Parliament building has been awarded the prestigious title of the Top Tourist Attraction in the World, as declared...

Deals

State Selling Stake in Magyar Posta Life Insurance Units

State-owned Corvinus International Investment has launched the sale of its 66.9% stakes in the life and general insurance units of...

Government

Gov’t Adopts New Rules for Real Estate Funds

In order to ensure the safe operation of real estate funds and further increase their competitiveness, the government has adopted...

Analysis

SMEs Augur Higher Sales, Profit Next Year

The domestic SME sector is planning slightly higher sales and profit growth compared to the beginning of the year, with...

Int'l Relations

Hungary, Poland Diverging in Views of Russia

While both Hungary and Poland voted in favor of the United Nations' condemnation of Russia's invasion of Ukraine in 2022,...

HR

Labor Unions Welcome Collective Contracts Court Decision

Labor unions welcomed a decision by the Constitutional Court annulling provisions of the Labor Code affecting collective contracts, the National...

Transport

ÖBB Detaches Hungarian Direct Trains Due to Delays

ÖBB, the Austrian railway company, is to detach all Hungarian direct trains from the Western European network because of excessive...

Drinks

Pálinka Added to EU-Japan Geographical Indication Deal

Pálinka, the Hungarian eau de vie, has been added to a list of geographical indications protected in an agreement between...

Banking

K&H Mobile App Introduces Voice-based Digital HUF Transfers

K&H's mobile bank is the first in the Hungarian financial sector to introduce voice-based digital HUF transfers, Andrea Király, head...

Deals

Corvinus Uni, ExxonMobil Sign Cooperation Deal

Corvinus University of Budapest and ExxonMobil Hungary have signed a strategic agreement, the school said in a press release this...

Analysis

Corporate Sector Remains Optimistic

Despite the economic challenges, the corporate sector is optimistic, expecting an increase in the number of employees and sales revenue...

Int'l Relations

V4 Agri Officials: WTO Case Over Grain Bans ‘Unfortunate’

Ukraine's decision to lodge a complaint at the World Trade Organization (WTO) against unilateral restrictions on imports of its farm...

Government

Advance Payments for Rural Developments Starting in Oct

The distribution of direct subsidies and advance payments for specific rural development measures will begin on Oct. 16 this year,...

Pollution

Hungary Backs Compromise Over Euro 7 Engine Regulation

Hungary, together with Bulgaria, the Czech Republic, France, Italy, Poland, Romania, and Slovakia, have pressed for a compromise over the...

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...