Hungary AM

Ratings

Moodyʼs downgrades FHB deposit rating

Moodyʼs Investor Service on Tuesday announced the downgrade of the long-term deposit rating of FHB Mortgage Bank to Caa1 from...

Telco

Messer Group acquires Hungarian unit of Air Liquide

German industrial gas producer Messer Groupʼs Hungarian unit has acquired 100% of the local business of peer Air Liquide, Messer...

Telco

MABISZ to accept claims by drivers with Astra policies

The Hungarian Association of Insurers (MABISZ) yesterday said it will accept claims by local holders of mandatory vehicle insurance policies...

Sights

Government launches website to educate public on U.S.-Hungary ties

Hungaryʼs Government Information Centre on Tuesday announced the launch of an English-language website – www.hungaryinsights.com – "to educate about the...

Competition

ENKSZ to take customers, not unpaid bills, of power firms

Retail customers to be taken over by Hungaryʼs state-owned utilities company ENKSZ from other electricity distributors will have to settle...

Budapest vs Hamburg, LA, Paris and Rome in 2024 games bid

Budapest will compete against Hamburg, Los Angeles, Paris and Rome to host the 2024 Olympic Games, the International Olympic Committee...

Crops

Report: Homeless inhabit Keleti Station

The tents in the underpass in front of Keleti Railway Station, abandoned by refugees, are being taken over by the...

History

Rozgonyi: Hungary symbol of ‘modern, illiberal censorship and dictatorshipʼ

Hungary has become the “symbol for modern, illiberal censorship and dictatorship, oppressing media freedom, introducing soft-censorship and turning public service...

Food

Report: Croatia welcomes refugees

Croatia is ready for the possibility that refugees may modify their routes and decide to go through Croatia from Serbia,...

Sustainability

Home sales edge down from previous months in August

A little more than 11,000 homes changed hands in Hungary in August compared to around 12,000 in the previous months,...

EU

Hungary to receive HUF 2.9 bln agricultural emergency aid

Hungary will receive HUF 2.9 bln in agricultural emergency aid from the European Union based on the decision made at...

Automotive

MOL scrutinizes investments in light of lower prices

Hungarian oil and gas company MOL will only launch investments that it can recoup, calculating with oil and gas prices at present...

Tourism

China clears Hungary for horse exports

Chinese animal health authorities have cleared Hungary for the export of live horses, the commissioner of Hungaryʼs Minister of Foreign...

Ratings

Report: S&P to review Hungaryʼs credit rating on Friday

Standard & Poorʼs Ratings Services will review Hungaryʼs sovereign credit rating on Friday with a possibility of upgrading the outlook...

Competition

Bill would smooth transfer of clients between retail electricity distributors

Hungaryʼs government submitted a bill to lawmakers on Monday that is designed to ensure uninterrupted service to the customers of...

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...