Hungary AM

Deals

Waberer’s Acquiring 51% Stake in Petrolsped

Waberer's International has signed a preliminary agreement to acquire a 51% stake in railway transport company Petrolsped, the listed hauler...

HR

Wages Raised More Often Than Anticipated in January

At the end of the first half of the year, Profession.hu conducted a survey of the companies' wage improvements in...

Crops

Drought From Extreme Heat Threatens Corn Crop

There is a drought in many places in the Great Plain and in the north and south-east of Transdanubia, the...

Energy Trade

Lantos: Energy Supply Secure

In terms of both electricity and gas supply, there is security of supply in Hungary, stated Minister of Energy Csaba...

Energy Trade

H1 Gas Consumption Dropped 18.2% y.o.y.

Gas consumption in Hungary dropped 18.2% year-on-year to around 4.7 billion cubic meters in the first half, the Ministry of...

Analysis

K&H Youth Index Down in Q1

The value of the K&H Youth Index decreased to +11 points from +14 points in the first quarter, the financial...

Drinks

Hell Energy Producing Drink Formulated With AI

Hungarian soft drink maker Hell Energy has started production of a new drink, formulated using artificial intelligence, at its base...

HR

Worker Optimism Stable

Despite persistently high inflation, compared to the same period of the previous year, the assessment of domestic employees regarding their...

Residential

Real Estate Transactions Decline in Northern Agglomeration

The real estate market in the northern agglomeration of Budapest fell to a greater extent than in the capital, writes...

HR

BKV Offering HUF 500,000 Salary for Bus Drivers 

The Budapest Public Transport Company (BKV) will pay HUF 500,000 gross to qualified bus and trolleybus drivers who apply until...

Retail

E-Invoices May Become Mandatory From Next Year

Electronic invoices may become mandatory in Hungary from January 1, according to the business daily Világgazdaság....

Crops

Hungary 2nd Largest Cherry Producer in EU

The quality of domestic cherries is outstanding, and Hungary is still one of the most prominent actors in the European...

Weather

Water Utility Providers Prepared for Heatwave

Given the high heat, water utility service providers throughout the country took the necessary measures to serve the increased demands...

Banking

Gránit Bank Offering New Student Bank Account Package

Gránit Bank is offering a new bank account package designed for students between 18 and 26 under the name Gránit...

HR

Fewer Teachers Entering Public Education

The total number of new teachers entering public education in the 2022/2023 school year was 1,884, but the number of...

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...