Hungary AM

Analysis

Banks examining new mortgage lending requirement

A number of Hungarian banks are still weighing steps needed to comply with new regulations requiring them to back mortgage...

EU

EC to review rental of state-owned farmland in Hungary

The European Commission has launched a review of the manner in which rental contracts for state-owned farmland are awarded in...

Analysis

Study: 70% of adult internet users want to develop their digital literacy

According to a study conducted by eNET entitled “Report on the Internet Economy”, 70% of adult Hungarian internet users who took part...

Telco

Government deficit at 100.1% of full-year target

Hungaryʼs cashflow-based general government deficit, excluding local councils, reached HUF 894.1 bln at the end of July, a first reading...

Telco

Italian meat company completes HUF 700 mln development

Italian-owned meat company Kometaʼ99 has completed a HUF 700 mln development at its plant  in Kaposvár, southwestern Hungary, the company told Hungarian...

Sustainability

JLL represents AEW Europe in Hungarian transaction

Representing AEW Europe in the disposal of their Hungarian real estate portfolio, JLL contributed to the largest portfolio sale in Hungary since the global...

Competition

Competition office fines Cemex HUF 20 mln

Hungary’s Competition Office GVH said yesterday it fined Hungarian construction company Cemex Hungária Építőanyagok HUF 20 mln on charges of...

Recycling

First phase of Samvardhana Motherson plant in Kecskemét to cost HUF 30 bln

Indian automotive industry supplier Samvardhana Motherson Group (SMG) will spend HUF 30 bln on the first phase of the construction...

Telco

Swiss Aryzta buys Hungarian Fornetti

Switzerlandʼs Aryzta has bought Hungarian frozen bakery products company Fornetti, former Fornetti managing director József Szabó announced yesterday. ...

Telco

Government approves HUF 40 bln for second phase of superlaser project

The government has approved a HUF 40 bln investment for the second phase of the construction of a superlaser center...

Telco

Slovnaft books €107 mln Q2 profit on improved margins

After-tax profit of Slovnaft, the Slovakian unit of Hungarian oil and gas company MOL, reached €107 mln in the second...

Transport

Survey: 27% of Hungarians to travel abroad this summer

By the end of the summer 27% of Hungarians will have traveled abroad for their holidays, and more than 10%...

Ecosystem

Budapest university offers MA in animation

Budapest College of Communication and Business is launching a Master of Arts postgraduate program in animation, based on their Bachelor...

Telco

Log Valve building HUF 376 mln production hall

Hungarian Log Valve, which manufactures valves for the oil and gas industry, started constructing a HUF 376 mln production hall at...

Tourism

Report: Home sales rise in July in Hungary

The number of sold homes in Hungary in July exceeded 12,350, reaching a peak for any month other than January...

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...