Hungary AM

Deals

MNB opens office in Paris

The National Bank of Hungary (MNB) opened its second international office, in Paris, yesterday, the central bank said in a...

Deals

Government to discuss FX car loan assistance in late August

The Hungarian government is expected to discuss a proposal to assist borrowers with foreign currency-denominated car loans at a cabinet...

Tourism

OTP treasury share stock falls in July

The treasury share stock of OTP Bank fell in July, while drugmaker Richterʼs rose, disclosures released yesterday by the issuers...

Deals

Two arrested on suspicion of counterfeiting USD

Two men were arrested on charges of trying to counterfeit American dollars in Miskolc, Hungarian online daily napi.hu reported yesterday. ...

Banking

Report: NAV to monitor corporate invoicing in real time

The Hungarian government is planning to link corporate invoicing directly to the National Tax and Customs Authority NAV, an action...

Tourism

Report: EKAER used 6 million times since launch

Hungary’s Electronic Public Road Trade Control System (EKAER), which was launched on January 1 to monitor deliveries by road haulage...

Deals

MAV chairman reappointed for another three years

Ilona David, the chairman-CEO of state-owned railway company MAV, has been reappointed for another three years, MAVʼs communications department said...

Analysis

MOL completes acquisition of 166 ENI petrol stations

Hungarian oil and gas company MOL on Friday said it completed the acquisition of 166 ENI vehicle gas stations in...

Transport

More than 1 million passengers use Budapest Airport in July

Passenger numbers at Budapestʼs Liszt Ferenc International Airport exceeded 1 million in July, breaking a record based on monthly figures,...

Analysis

Economic sentiment improves in the EU, slips in Hungary

The European Union’s Economic Sentiment Indicator (ESI), a measure of business and consumer confidence, increased to 106.6 in July from...

Telco

Csaba-Berényi completes HUF 500 mln investment

Machine parts manufacturer Csaba-Berényi Gépgyártó has completed a HUF 500 mln investment project at its plant in Mezőberény in southeastern...

History

Heti Válasz: Film mogul Andy Vajna optimizing taxes through Nevada tax haven

Andy Vajna, government commissioner in charge of the Hungarian film industry, allegedly built his empire by transferring profits from his...

History

Unemployed Hungarians assigned to task of fence building

The government has called in 490 unemployed men from Csongrád county, in southern Hungary, to the local government office to...

Telco

HUF 29 bln reallocated to manage immigration issues

Hungaryʼs government is reallocating some HUF 29 bln from budget reserves this year to manage a wave of migration, government...

History

Hungarian employment figures seen as not reflecting reality

Upbeat official data published yesterday, showing unemployment fell to the lowest level since early 2005 in the April-June period this...

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...