Hungary AM

Deals

Ikarus Signs MoU With Azeri Company

Hungarian bus manufacturer Ikarus and Azerbaijan's Sumgait Technologies Park LLC signed a memorandum of understanding, according to business daily Világgazdaság....

Residential

Real Estate Prices Falling in Northwestern Agglomeration

Prices are falling in one of the most sought-after and most expensive agglomeration areas of Budapest, according to uzletem.hu....

Analysis

Local Events Industry Returns to Growth Path

Gábor Ganczer, the head of the Hungarian Association of Event Organisers and Service Providers (MaReSz), said the local events industry...

Construction

39% of Construction Companies Expect Higher Revenue

Around 39% of Hungarian construction companies expect higher revenue this year, according to a survey of 400 businesses by the...

EU

Demographic Challenges a Priority of Hungary Council Presidency

Managing demographic challenges will be among the priorities of Hungary's presidency of the Council of the European Union in the...

Tourism

Ryaniar Canceling 8 Routes to Budapest

Ryanair is canceling its eight routes to Budapest, according to napi.hu....

Competition

GVH bans promotion of BrightWhite teeth whiteners

The Hungarian Competition Authority (GVH) banned the advertising of the BrightWhite home teeth whitening kit after its distributors continued to...

Figures

Solvency index of households recovered to pre-pandemic level in Q2

The solvency index of Hungarian households recovered and was around its pre-pandemic level at the end of the second quarter,...

Deals

Poor infrastructure causes Hungarian train delays

Hungarian train delays amounted to 1.8 million minutes last year, representing 3.5 years, online portal index.hu reports. In 40% of...

Telco

CLH opens HUF 845 mln plant

Cooling and climate control company CLH inaugurated a HUF 845 mln plant in the Csongrád Environmental Protection Industrial Park, in...

Int'l Relations

Hungary may lose €140 million in grants from Norway

Norway does not recognize the Hungarian Government Control Office’s (KEHI) report on Hungarian NGO Ökotárs Alapítvány, Norwegian ambassador Tove Skarstein...

Deals

Cost of loan for M3 metro estimated at HUF 74.5 bln

In order to complete the refurbishment of Budapest’s M3 metro line, the state will be required to take out a...

Telco

Master Good net revenue climbs 20% in 2014

Hungarian poultry processor Master Goodʼs net revenue rose about 20% to HUF 43 bln last year, owner László Bárány told...

Deals

Upstream chief leaves MOL

Hungarian oil and gas company MOL on Monday said the head of its exploration and production business, Alexander Dodds, was...

Analysis

Web 2.0 report: Hungarian youth like Viber

Hungaryʼs social media scene seems to be changing, although Facebook is still unrivaled as market leader, online news portal hvg.hu...

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...