Hungary AM

Construction

More Construction Projects Started in Spring 

The Activity-Start indicator of the domestic construction industry improved in the second quarter, exceeding the previous three months by 30%,...

Crops

Tomato Farmers Expect Good Harvest This Year

Farmers engaged in industrial tomato production expect a good harvest this year, at around 100,000 tonnes of tomatoes, according to...

Power

Excavation for Paks Block 6 Begins

Earth excavation, the first step in the preparatory work for construction of the future block six of the Paks nuclear...

MNB

MNB Welcomes ECB Clearance of Amendment

The National Bank of Hungary (MNB) welcomed the European Central Bank's clearance of the government's proposed amendment to the Central...

Analysis

Wages Need to Rise With Productivity, Says VOSz

"Wages can only be permanently raised if our productivity and competitiveness improve; as long as we are at the end...

Trade

Trade Surplus Confirmed at EUR 1.568 bln in June

Hungary's trade surplus reached EUR 1.568 billion in June, widening from EUR 1.153 bln in May, the Central Statistical Office...

MNB

MNB Publishes Progress Report

The National Bank of Hungary (MNB) has published a progress report on action policymakers have taken on a set of...

Figures

Summer Storm Insurance Claims Could Total Above HUF 13 bln

Hungarian insurers could pay more than HUF 13 billion on claims related to damages caused by storms between May and...

Innovation

President Novák Invites Elon Musk to Budapest

President Katalin Novák implicitly invited tech billionaire Elon Musk to the Budapest Demographic Summit, being held between September 14-15, after...

Residential

Balaton Popularity Pushing up Veszprém County Home Prices

Average square meter prices have risen by 55% compared to 2022 in Veszprém County, where, based on average real estate...

Tourism

Hungary Tops 3 Tourism Lists

Hungary has earned acclaim as a premier travel destination among leading international companies, writes traveldailynews.com....

Conferences

UNICEF Hungary Organizing Youth Climate Summit

UNICEF Hungary is organizing a youth climate summit for the second time on October 7 under its Climate Heroes program,...

Weather

Ragweed Pollen Concentration Falling With Cooler Temps

At the beginning of the week, the concentration of ragweed pollen was very high on a national average, but due...

Figures

Home Insurance Policies Surge in August

The number of home insurance policies signed in the first half of August increased significantly by 26% year-on-year, which is...

Residential

Time It Takes to Earn Enough for a Flat Rises

Based on average gross salaries in Hungary last year, it would take 10.2 years to buy a new 70 sqm...

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...