Hungary AM

Energy Trade

Hungaryʼs gas reserves at 28% of capacity in run-up to winter

Hungary has about 1.2 bln cubic meters of gas in reserves around the country, well under the 3.1 bln at...

Telco

Government to allocate HUF 60 bln to migrant crisis

The Hungarian government will amend this yearʼs budget to double the allocation for managing the migrant crisis to HUF 60...

Telco

Mátrai Erőmű reopens lignite mine

Power plant company Mátrai Erőmű has reopened its lignite mine near Detk, northeastern Hungary, chairman Bernhardt Luschper said yesterday, according...

Telco

Spending via recreation vouchers reaches double-digit growth

Hungariansʼ spending with recreational vouchers showed double-digit growth this past summer, the issuers of SZÉP voucher cards told Hungarian news...

Analysis

Danubius shares to be delisted

The shares of Danubius Hotel and Spa will be delisted from the Budapest Stock Exchange from September 25, the bourse...

Analysis

Croatian retail loan conversion to cost OTP HUF 7.2 bln

OTP Bank on Friday said that conditions on the conversion of Swiss franc-denominated retail loans into euro loans, approved by Croatian...

Telco

Mayor: Congestion charge unavoidable

The introduction of a congestion charge in Budapest to fund the cityʼs public transport is unavoidable, Mayor István Tarlós said...

MNB

Government submits FX car, personal loan conversion bill

Hungaryʼs government submitted a bill to Parliament on Friday stipulating conditions for the conversion of foreign currency-denominated vehicle and personal...

Ratings

S&P: Hungaryʼs junk rating affirmed with stable outlook

Standard & Poorʼs Ratings Services affirmed Hungaryʼs junk rating at "BB plus", with "stable" outlook, in a scheduled review on Friday....

History

Report: Poor preventive steps led to escalation of Röszke conflict

The Hungarian police did not do enough to prevent the Röszke clashes, in which 14 police officers and an estimated...

MNB

Survey: Small companies mostly rely on self-financing for investments

In the past five years, 85% of small Hungarian companies used their own funds for investments and 39% of them...

Telco

Gebruder Weiss investing HUF 210 mln in Hungary in 2015

Austrian-owned logistics company Gebruder Weiss (GW) Magyarország is investing HUF 210 mln this year in its Hungarian operations, managing director Thomas Schauer...

Automotive

Road haulage group asks Brussels to lower licensing age

Road haulage association NiT Hungary is turning to the European Commission to lower the minimum age for truck drivers to help the...

Initiatives

Raba signs supply agreement with EAMCO

Hungarian automotive industry company Raba has signed an agreement with Egyptian truck and bus manufacturer EAMCO to supply bus axles, Raba announced...

Conferences

Hungarian, Belarusian business leaders meet in Budapest

Hungarian and Belarusian business leaders participated at a forum organized by the Hungarian Chamber of Commerce and Industry (MKIK) in...

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...