Hungary AM

Office Market

Budapest office market vacancy rate falls below 16%

The vacancy rate in Budapest’s office market fell 2.8 percentage points to 15.7% in the first quarter as compared to...

Office Market

Vacancy rate on Budapest office space market falls to almost 14%

The vacancy rate on Budapestʼs office space market fell 3.4 percentage points to 14.2% in the second quarter from the...

Industrial

Budapestʼs vacancy rate for industrial property market falls to 14.5%

The vacancy rate on Budapestʼs industrial property market fell 6.7 percentage points to 14.5% in the first quarter of 2015...

Awards

International consortium acquires Budapest retail, office properties

An international investment consortium has acquired a property portfolio comprising Budapestʼs MOM Park shopping centre and MOM Park Offices as...

Deals

Report: Rental prices in university cities grow

Rental prices in Budapest and other university cities – such as Pécs, Debrecen and Szeged – have increased by 4-33%,...

Telco

Quaestor suspects to remain in remand

The Budapest Municipal Court has overturned a district court decision allowing three suspects in pre-trial custody in the case of...

Sights

Phoenix Mecano Kecskemét named ‘investor of the month’

Swiss-owned medical equipment manufacturer Phoenix Mecano Kecskemét was named "investor of the month" yesterday when National Economy Minister Mihály Varga presented the...

Deals

Lázár discusses Paks upgrade with competition commissioner in Brussels

Cabinet chief János Lázár discussed the upgrade of the Paks nuclear power plant with Commissioner for Competition Margrethe Vestager in Brussels...

Int'l Relations

Subotica hosts Serbian-Hungarian business forum

Approximately one hundred business people attended a Serbian-Hungarian business forum in Subotica, in the Vojvodina region of Serbia, yesterday, Hungarian...

Tourism

HungaroControl considers options for renovation

HungaroControl considers remote tower technology as an alternative to the concrete control tower from which it is currently in operation,...

Automotive

Government to gauge impact of VW emissions scandal on economy

The impact of the Volkswagen emissions testing scandal on the Hungarian economy remains to be seen, but the government is investigating the...

Deals

GKI: Hungaryʼs growth rate could slow to 2.0%

GKI expects Hungaryʼs GDP growth to slow to 2.0% next year from an anticipated 2.7% in 2015, the economic research...

Telco

Chemiumʼs HUF 800 mln solution to help disabled users

Hungarian high-tech company Chemium yesterday unveiled an HUF 800 mln solution to help people with disabilities use the internet. Chemium is...

Industrial

InfoGroup opens warehouse in Hungary

Real estate developer InfoGroup inaugurated a 4,600 sqm warehouse in the Polgár industrial park, northeastern Hungary, yesterday. ...

Telco

Government allocates new funds to handle migrant crisis

The government has approved allocating additional funding of up to HUF 18.7 bln to the Interior Ministry and up to...

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...