Hungary AM

Telco

Supervisory board to investigate central bankʼs spending

The supervisory board of the National Bank of Hungary (MNB) on Friday decided it would launch investigations into the MNBʼs...

Competition

CNTA to launch regional office in Budapest

Chinaʼs national tourism office CNTA is scheduled to open its regional office in Budapest at the beginning of next year,...

Analysis

Government, MTel reach agreement on expanding broadband access

Magyar Telekom, the subsidiary of telco giant Deutsche Telecom, has agreed to bring broadband internet to a further 230,000 Hungarian...

History

Lázár to meet EC competition commissioner in Brussels

Cabinet chief János Lázár said he will travel to Brussels next Tuesday for a meeting with European Commissioner for Competition...

Green Energy

MVM to build 7MW solar plant in Pécs

The state-owned Hungarian Electricity Works (MVM) will build a 7MW solar plant in Pécs by mid-December, Péter Csizi, MP for...

Pharma

GE Aviation opens HUF 2.8 bln production hall

The Hungarian aviation unit of General Electric inaugurated a 4,600 sqm production hall at the companyʼs base in Veresegyház yesterday, according to...

Initiatives

New cases of bluetongue found in Hungarian cattle

Hungaryʼs food safety authority NÉBIH said yesterday that it had found further cases of cattle infected with bluetongue in Baranya,...

Tourism

Széll Kálmán tér to be traffic headache as of Sunday

Additional construction work will begin at Széll Kálmán from Sunday morning, including upgrades to utilities and additional road construction that...

Debt

MFB plans to launch HUF 200 bln bond program

The state-owned Hungarian Development Bank (MFB) will launch a HUF 200 bln bond program in the near future, deputy CEO Sándor Bertalan...

Competition

CIB Bank closing 12 branches in December

CIB Bank will close 12 of its branches in early December, bringing its total number of branches from 90 down to...

Int'l Relations

Hungary urges closer economic ties with Serbia

Minister of Foreign Affairs and Trade Péter Szijjártó pressed for closer economic ties between Hungary and Serbia at an event...

History

EJMSZ: Raising profile of engineering profession may benefit economy

Making up for a shortage of engineers in Hungary could add another HUF 50 bln to output, according to future...

Telco

MNB lowers 2015 forecasts: Inflation 0%, GDP growth 3.2%

The National Bank of Hungary has lowered its inflation forecast for 2015 to 0.0% from 0.3% in its fresh quarterly...

Issues

Attila Kulcsár seeks acquittal in decade-old embezzlement case

Attila Kulcsár, an ex-employee at the former brokerage of K&H Bank, pleaded for acquittal yesterday in a retrial involving the alleged embezzlement...

Deals

German railway halts trains between Austria and Hungary

German railway company, Deutsche Bahn, announced that it would stop key trains running between Hungary and Austria until October 4...

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...