Hungary AM

Figures

Insurers Paid out HUF 1 bln for Claims in May

Insurers paid out or set aside HUF 1 billion for claim payments in May, the first month of the traditional...

Banking

Lenders’ Q1 Profit Quadrupled to HUF 321 bln

The combined after-tax profit of Hungarian lenders quadrupled to HUF 321 billion in the first quarter from HUF 78 bln...

Figures

Nagy: Inflation Single Digit by Year-end

Hungary's inflation will slow to single digits by the end of 2023 from 24% in April, allowing the central bank...

Government

Fész Urging Gov’t Consultation Over EPR Introduction

The Federation of Responsible Food Manufacturers (Fész) is proposing an urgent consultation with the government due to the extended producer...

Figures

Q1 Life Insurance Premium Income Down 7%

Premium income from life insurance shrank by nearly 7% year-on-year to HUF 151.2 billion in the first quarter, according to...

Banking

Economic Development Ministry Responds to Banking Concerns

The Ministry of Economic Development issued a statement on its website Friday responding to the Hungarian Banking Association's negative assessment...

Analysis

Matolcsy Advocates Euro Adoption Only After 2030

Hungary should not consider adopting the euro before 2030 as joining the single currency before its economy is duly prepared...

Trade

Trade Surplus at EUR 886 mln in March

Hungary's trade surplus reached EUR 886 million in March, the Central Statistical Office (KSH) said in a second reading of...

Telco

4iG Q1 Sales Jumped 135% y.o.y.

First-quarter net sales revenue of listed IT company 4iG jumped 135% year-on-year to HUF 115.2 billion, boosted by its acquisition...

Figures

Duna House Profit Rise 36% y.o.y.

The first-quarter after-tax profit of listed real estate broker Duna House rose 36% year-on-year to HUF 700 million, boosted by...

Deals

Wizz Air Participates in USD 50 mln Investment

Hungarian low-fare carrier Wizz Air this week said it has participated in a USD 50 million investment round in CleanJoule,...

Government

Gov’t Providing HUF 6 bln in Support for Small Business Entrepreneurs

The government will make available HUF 6 billion in support for Hungarians who want to start their own small businesses...

Automotive

Motorists Pay HUF 50,859 in Vehicle Insurance Premiums

Hungarian motorists paid HUF 50,859 for their annual compulsory vehicle insurance premium, on average, in the first quarter, 9% more...

Initiatives

MVM Creates Green Financing Framework

MVM has created a green financing framework to help it meet Paris Agreement climate targets, the state-owned energy group said...

Pharma

High Demand for Hungarian Medicinal Herbs

The demand for Hungarian medicinal herbs is high, meaning the sector has significant development potential, and Hungary could be self-sufficient...

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...