Hungary AM

Telco

Raiffeisen to close 15 branches in Hungary this fall

Raiffeisen will close 15 of its branches in Hungary in September, Raiffeisen chief Heinz Wiedner said on Wednesday at a...

City

Police remove refugees from Munich-bound train on Saturday night

Hungarian riot police where called to the scene at Keleti station on Saturday night after a break in was reported...

Party Popularity

Popularity of far-right Jobbik party leveling off

The decline of far-right party Jobbik’s popularity came to a standstill in August, according to a survey conducted by Publicis...

Analysis

MKIK: Business confidence falls in Q2

A gauge of SME confidence by the Hungarian Chamber of Commerce and Industryʼs (MKIK) Economy and Business Research Institute (GVI)...

Telco

Hungaryʼs leasing market grows 22% in Q2

The value of leases in Hungary rose 22.1% to HUF 226 bln in the second quarter as compared to a...

Debt

OTP Bank launches HUF 200 mln bond program

OTP Bank has launched a bond program capped at HUF 200 mln, the company said in a statement published yesterday. The...

Visits

Report: Andy Vajna is the best-known ‘oligarch’

Andy Vajna (pictured), government commissioner in charge of the Hungarian film industry, is the best-known ‘oligarch’ in Hungary, according to...

Sights

Sziget festival donates tents to refugees

As many Sziget festival-goers leave their tents behind once the event has ended, these tents will be collected by organizers...

Telco

MNB puts fiscal revenue, expenditure under targets in 2016 budget

The National Bank of Hungary (MNB) projected next yearʼs budget revenue and expenditures to come in at HUF 38 bln...

Telco

CIB Group sees 62% less losses in H1

CIB Group, the Hungarian unit of Italyʼs Intesa Sanpaolo banking group had HUF 20.9 bln after-tax loss in the first half of...

Deals

Nielsen: Household chemicals, cosmetics sales climb 6%

Retail sales of household chemicals and cosmetics rose 6% to HUF 170 bln in January-June from the same period a...

Interview

Lázár looks to call tenders by June 2017 for 2014-2020 EU funding cycle

Cabinet chief János Lázár said yesterday that he would propose to the government to call tenders for all European Union...

Sustainability

Hungarians must work almost eight years to buy property

Hungarians have to work, on average, 7.8 years to pay the price of a new 70 sqm flat, according to...

Food

Együtt: Minimum wage earners worse off than five years ago

Vice President of Együtt (Together) Levente Pápa accused Fidesz faction spokesperson Bence Tuzson of lying to the Hungarian people, when...

Initiatives

Lázár initiates anti-immigration campaign outside of Hungary

At his weekly press conference yesterday, Cabinet Chief János Lázár said that a government campaign will be launched to inform...

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...