Hungary AM

MNB

MNB Could Cut Base Rate to 10-11% – Report

Hungary's central bank could cut its base rate to 10-11% by the end of the year from 13%, a rate-setter...

Int'l Relations

Szijjártó: OTS ‘Important Bridge-building Platform’

Minister of Foreign Affairs and Trade Péter Szijjártó said the Organization of Turkic States (OTS) was an "important bridge-building platform"...

Automotive

Automotive Industry Output up 14.4% y.o.y. in July

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

Land

Number of Farms Down 19% From 2020

There are around 196,000 farms in Hungary, down 19% from 2020, according to preliminary results from a survey of the...

Residential

Otthon Centrum Becomes Majority Holder of Polish Real Estate Broker

Poland's Freedom Holding, which belongs to the Otthon Centrum group of companies, acquired 88.2% majority ownership in Investor Nieruchomoci, one...

Retail

Nearly 200 Defrauded by Fake Online Store

Almost 200 people were defrauded by a man from Borsod (190 km northeast of Budapest) who created a fake online...

EU

Békés County Settlements Receive HUF 350 mln in EU Funds

Four settlements in southern Békés County won almost HUF 350 million in EU funds from the EU Territorial and Settlement...

Deals

Taszár Airport Sold to Taiwanese Billionaire

The Hungarian military's airport in Taszár (180 km southwest of Budapest) has been bought by a company owned by a...

Tourism

Fewer Guest Nights at Lake Balaton This Year

Although Lake Balaton is unfailingly the most popular destination among Hungarians, from January to the end of July, domestic guests...

Crops

Hungary Striving to Keep GMO-free

The Ministry of Agriculture reiterated Hungary's position on keeping the country free of genetically modified organisms in a statement issued...

Automotive

Q2 Vehicle Insurance Premiums Average HUF 52,083

Hungarian motorists paid HUF 52,083 for their annual compulsory vehicle insurance premiums, on average, in the second quarter, 12% more...

Science

Debrecen Uni Developing ‘Space Pepper’

Hungarian peppers could also be grown in space if the University of Debrecen's research project called Vegbox TS is successfully...

Analysis

Households Increase Domestic Security Holdings

Households increased their holdings of domestic securities in July, which now amount to more than HUF 21 trillion, another peak...

Manufacturing

Lear Closing Gödöllő Plant

Lear Corporation Hungary Kft. is closing its factory in Gödöllő (30 km northeast of Budapest), according to hrportal.hu....

Analysis

Hungarians Becoming More Financially Aware

Hungarians are becoming more financially aware, according to research from Alfa Biztosító, writes profitline.hu....

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...