Hungary AM

Government

Gov’t Plans to Expand Toll Roads

The Ministry of Construction and Transportation would rewrite the rules of road tolls, hvg.hu reports, according to a draft published...

Land

Gov’t Abolishes Taxes on Agricultural Land

Municipalities will not be able to levy taxes on agricultural land in the future, and the land tax collected for...

Construction

Fewer Construction Companies in July

In July, there were 100 fewer construction enterprises than in the previous month, according to data from company information provider...

Figures

Number of Hungarians Working in Austria Rose in July

A total of 126,656 Hungarian citizens worked in Austria in July, according to employment data published by the Austrian social...

Figures

Real Earnings Fell by 3.4% in June

The gross average salary of full-time employees was HUF 566,800 in June, 16% higher than a year earlier, according to...

Conferences

32nd Budapest Wine Festival Featuring South American Countries

Four countries from South America will present their wines as guests of honor at the 32nd Budapest Wine Festival, according...

In Hungary

Hungary Frees 1,400 Convicted People Smugglers

Hungary has released more than 1,400 convicted people smugglers from prisons, authorities said yesterday, a move which the European Commission...

Int'l Relations

President Novák Meets Ukraine’s Zelensky

As part of the third Crimea Platform Summit, Volodymyr Zelensky met with Hungary's head of state, Katalin Novák, according to...

Figures

Company Liquidation Numbers may Reach 20,000 by Year-end

The number of liquidation procedures experienced this year is alarmingly high, the company information service provider Opten indicated, writes azenpenzem.hu...

Banking

MNB Fines MBH Bank HUF 87 mln

The National Bank of Hungary (MNB) has fined MBH Bank HUF 87 million for regulatory shortcomings uncovered in a comprehensive...

Energy Trade

Erdoğan Holds Energy Cooperation Talks With Orbán

Bilateral energy cooperation talks took place between Prime Minister Viktor Orbán and Turkish President Recep Tayyip Erdoğan in Budapest on...

Retail

GVH Fines Tesco HUF 7 mln

Hungary’s Competition Authority (GVH) has imposed a HUF 7 million fine on the Tesco supermarket chain, according to profitline.hu....

Debt

Q2 State Debt Ratio Reaches 75%

Hungary's state debt relative to GDP had reached 75% of the year-end target by the end of the second quarter,...

MNB

MNB Increasing Number of Forex Swap Tenders

The National Bank of Hungary (MNB) said yesterday it will increase the amount of foreign exchange swap tenders providing euro...

Government

Gov’t Providing Higher Stipend, Free Meals to Nat’l Defense Students

The government is providing a higher stipend and free meals to students in national defense schools, that is, those under...

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...