Hungary AM

Figures

AKI: Food Industry Investments up 9% Last Year

Based on preliminary data, the total value of investments in the food industry increased by 9% last year, compared to...

Figures

Coffee Market Exceeded HUF 77 bln Last Year

The value of the entire Hungarian coffee market exceeded HUF 77 billion last year, in which customers spent HUF 19...

Figures

Gov’t Grants Support HUF 87 bln in Healthcare Investments

Government grants have supported HUF 87 billion of investments to boost Hungary's self-sufficiency in producing healthcare supplies since the launch...

EU

EC Approves Changes to Paks Expansion Contract

The European Commission has approved changes to Hungary's contract on expanding the Paks nuclear power plant, Minister of Foreign Affairs...

Figures

ÁKK Cutting Premiums on PMÁP

The Government Debt Management Agency (ÁKK) has announced it will cut the premiums on its inflation-linked Premium Hungarian Government Security...

Tourism

Accommodation Fully Booked Over Pentecost Weekend

Reservations for 420,000 guest nights have been made for the three-day Pentecost weekend, suggesting commercial accommodations in Hungary will be...

Deals

Magnus Aircraft Signs CNY 65 mln Order

Hungary's Magnus Aircraft has signed a CNY 65 million order for 50 of its Fusion aircraft with China's Rizhao Wohe...

Analysis

Freedom House: Democracy Deteriorating in Hungary

Democracy in Hungary under Prime Minister Viktor Orbán deteriorated further last year, according to a U.S. report on democracy in...

Banking

OTP Q1 Electronic Payments up 35% y.o.y.

The turnover of electronic payments processed in OTP Bank's systems fell by 5.5% in the first three months of the...

Issues

Gov’t Supporters Agree With Raising Teacher Wages

The vast majority of government voters, 78%, would raise teachers' wages, and almost all of the opposition voters (98%), according...

Banking

OTP Puts Romanian Subsidiary up for Sale 

Hungarian lender OTP Bank has officially confirmed, through an announcement made to the bank's directors, that OTP Bank Romania is...

Retail

Hungarians Shopping for More Services Online

While there have been no significant changes in product categories over the past few years, adult Hungarians choose to shop...

Residential

Investment Accounts for 27% of Home Purchases 

According to an analysis by real estate broker Duna House, investment buyers accounted for 27% of all home purchases in...

Retail

Authorities Fine Retailers Over HUF 1 bln

Authorities have fined retailers more than HUF 1 billion for violating rules on price caps, government spokesperson Alexandra Szentkirályi said...

Crops

Spring Sowing Proceeding Well

The spring field work is proceeding at a good pace, and the farmers will soon finish sowing, the Ministry 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...