Hungary AM

HR

Legal Status of Over 14,000 Undeclared Workers Settled

Since the amendment of the law in March 2021, the legal status of more than 14,000 undeclared workers has been...

Figures

Q1 Household Assets up to HUF 86.56 tln

The stock of financial assets of domestic households rose to a new high of HUF 86.56 trillion by the end...

HR

Engineers Increasingly Considering Working Abroad

Hungarian engineering students are not shying away from working abroad, and many have already been approached with various offers during...

Deals

EC Approves MOL Acquisition of OMV Slovenija

The European Commission approved Hungarian oil and gas company MOL's acquisition of Slovenian peer OMV Slovenija this week, according to...

Food

Food Industry Development Cannot Stop Despite Difficulties

The development of the domestic food industry cannot stop despite difficulties not seen for decades, said the national vice president...

Government

Amendment Proposes Abolishing Interim Local Gov’t Election

A legislative amendment proposal submitted to the Legislative Committee of the Parliament would abolish the interim local government election, according...

Transport

Bicycle Insurance Difficult to Find

Although 40% of the Hungarian population uses bicycles at least weekly, it is still not easy to find insurance in...

Analysis

Monthly Living Expenses up HUF 64,000

Monthly living expenses have grown much more than income, according to the K&H Safe Future survey, which examined the situation...

Figures

95-plus Tonnes of Donations Collected Over the Weekend

Customers collected more than 95 tonnes of donations during the national non-perishable food collection campaign of the Magyar Élelmiszerbank Egyesület...

Int'l Relations

Hungary Blocks EUR 500 mln Intended to Buy Weapons for Ukraine

Hungary blocked the payment of the eighth tranche from the European Peace Facility of EUR 500 million for weapons that...

Crops

Farmgate Prices up 5.1% in March

Farmgate prices in Hungary rose 5.1% in March, after climbing in the double digits for more than two years, according...

Government

Gov’t Decree Extends Csok Deadlines

A government decree published in Friday evening's official Magyar Közlöny [Hungarian Gazette] introduced several simplifications for Csok and Village Csok...

Manufacturing

Automotive Industry Output up 23.5% in March

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 23.5% year-on-year in March, according to a detailed data...

Fintech

GVH Orders Fizetési Pont to Offer Rebates 

Hungary's Competition Office (GVH) yesterday said it ordered bank card terminal operator Fizetési Pont to offer clients rebates for conducting...

Green Energy

Kiskunhalas Solar Park Starting Production in Summer

One of Hungary's largest solar power parks can start production in the summer near Kiskunhalas (135 km southeast of Budapest),...

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...