Hungary AM

Energy Trade

Trans Austria Gas Pipeline Could Add to Hungary’s Energy Security

The Trans Austrian Gas Pipeline could contribute to strengthening the security of Hungary's energy supply, Minister of Foreign Affairs and...

Green Energy

EU Invests Almost EUR 3 bln for Cleaner Energy Systems

The European Commission said yesterday that the European Union has disbursed EUR 2.967 billion via the Modernization Fund to support...

Energy Trade

Russian Attacks on Ukraine Raising Price of Hungarian Electricity

Much electricity from Hungary is being exported to Ukraine, whose energy system is lying in ruins due to Russian attacks....

Figures

Ministry Dismisses Suggestion That Hungary is ‘Poorest’ EU State

The Ministry of National Economy pointed out that Hungarian households' gross savings rate stood at more than 21%, the highest...

HR

Foreigners Employed in Hungary, Hungarians Working Abroad Rise

The number of foreign workers employed in Hungary has climbed in recent years, in parallel with an increase in the...

Innovation

Nearly 40% of Teachers Use AI

Nearly 40% of teachers and a third of students regularly use artificial intelligence, which nine out of 10 teachers say...

Analysis

MNB Lowers 2024 Inflation Forecast

The National Bank of Hungary (MNB) lowered its 2024 inflation forecast because of more favorable than expected spring data and...

Power

2024 ‘Outstanding Year’ for Modernizing Electricity Network

2024 is an 'outstanding year' for the modernization of the Hungarian electricity network, State Secretary Zsófia Koncz at the Ministry...

Weather

MÁV Distributing Water During Heat Wave

During the third-degree heat alert, MÁV-Start, the passenger division of Hungarian State Railways (MÁV), is distributing mineral water to passengers...

EU

Hungary Presents Environmental Plan for EU Presidency

Hungary's environmental protection program for when it takes the rotating presidency of the Council of the European Union from July...

MNB

Ratesetters Cut Base Rate to 7%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25...

Weather

Warning Issued About Physical Labor in Coming Heat Wave

Due to the expected heat wave in the coming days, the Department of Occupational Safety Management of the Ministry of...

Residential

Home Renovation Program Starts July 1

The home renovation program will start on July 1, supporting multiple activities, the Ministry of Energy and the Ministry of...

Residential

Budapest Sublet Market Changes in May

The situation in the Budapest sublet market changed in May, according to profitline.hu. Budapest rents rose 1.4% compared to April...

EU

KDNP Head Says Party Will Leave if EPP Accepts Tisza

Zsolt Semjén, the head of the Christian Democrat People's Party (KDNP), the junior partner in Hungary's governing coalition, said his...

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...