Hungary AM

In Hungary

Small construction firms closing down

Since the beginning of last year, the number of firms in the construction industry that have pull the plug on...

Telco

Companies owned by Csányi seek clearance for acquisition of KITE

Three argiculture companies owned by agribusiness and banking magnate Sándor Csányi have asked the Competition Office (GVH) to clear their...

Deals

Realigned Napi Gazdaság to get a new name

The Fidesz friendly daily Napi Gazdaság (Business Daily), whose publisher was recently acquired by the former editor-in-chief of daily Magyar...

Telco

MNB buys artworks for HUF 800 mln

MNB has closed a deal to buy 115 paintings from the Kövesi collection, online daily vg.hu reported on Monday. Kövesi István, a...

Automotive

BorgWarner opens engine plant in northwestern Hungary

U.S.-owned automotive industry supplier BorgWarner yesterday inaugurated its engine plant, made possible through an investment of HUF 7 bln, in...

Telco

Government allocates HUF 24 bln of HUF 56.7 bln budget residuals

Of the HUF 56.7 bln in residuals – unspent funds from last yearʼs budget – the government has authorized the...

History

Report: Hungary on ‘watch list’ for human trafficking

The U.S. Department of State published its 2015 report on human trafficking (TiP) on Monday and it appears that the...

Deals

Mega merger takes place in media sector

Julius Media Holding Kft., Mediaworks Kiadó és Nyomda Kft., Mediaworks Regionális Kiadó Kft., Zöld Újság Zrt., Petőfi Lap- és Könyvkiadó...

Telco

Preliminary storm damage claims for July 25 reach HUF 733 mln

Claims by policy holders on damages resulting from a storm that swept through Hungary last Saturday could come close to...

MNB supervisory board holds inaugural meeting

The supervisory board of the National Bank of Hungary (MNB) held its inaugural meeting and began its work, MNB said...

Telco

FX car and personal loan legislation drafted according to governmentʼs agreement with lenders

Hungaryʼs government will honor its agreement with the European Bank for Reconstruction and Development (EBRD) in the course of seeking...

Issues

Court rules in favor of EUR 80 mln suit against OTP

Courts have dismissed a suit brought against OTP Bank in Montenegro seeking damages of €80 mln, the lender said yesterday, Hungarian news...

Initiatives

Brussels authorizes Hungary’s HUF 342 bln public administration program

The European Commission has approved Hungaryʼs European Union funding allocation program for HUF 342 bln of developments in public administration,...

History

PM’s office: Nationalist symbols are ʼhistorical symbolsʼ

A day after the Romanian Ministry of Foreign Affaires criticized Viktor Orbán’s Facebook post [shown] containing pins of revisionist symbols...

Visits

Elios steps back from signing contract of already won public procurement tender

Elios Zrt. refused to sign a contract for the installation of a public lighting infrastructure for the city of Mezőkövesd,...

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...