Hungary AM

Deals

HUF 30 bln allocated for Ludovika Campus developments

More than HUF 30 bln of central budget funding will be allocated for development projects at the National Public Administration...

Issues

Former Croatian PM’s prison sentence annulled; good news for MOL

Battered by fuel prices, which resumed falling this week, MOL was supported by newspaper reports in Zagreb that Croatiaʼs constitutional...

MNB

UniCredit: Interest rate swap auction will determine yield curve of government bonds

The Hungarian central bankʼs next auction of its discount interest rate swaps (IRS) will be a bellwether for how well...

Museums

Danube Commission reaches agreement with EC to develop navigation

The conditions for boating on the River Danube will be improved and navigation is expected to develop as a result...

EU

Corruption watchdog submits recommendations for Hungary

The Group of States against Corruption (GRECO) called for less immunity from prosecution for government officials and judges on Wednesday...

Pharma

FIBAG sets up renewable energy research center for HUF 1 bln

Austrian-owned FIBAG Biogas has established a HUF 1 bln renewable energy research center in Vep, western Hungary, managing director Mario J. Müller...

Crops

Hungarian wheat harvest expected to reach 4.5 mln tons

Hungaryʼs wheat harvest could reach 4.5 mln to 4.7 mln tonnes this year, the head of grain growers association GOSZ told MTI yesterday. ...

Awards

MKB board takes over management of lending institution

The board of state-owned MKB Bank reassumed management of the lender yesterday, after a bailout commissioner was recalled, Hungarian news agency MTI reported....

Analysis

Interest rates in Hungary not expected to change until Q4 2016

Hungary is likely to keep interest rates on hold "as long as possible," Citigroup said in a note on Wednesday. It forecasts...

Tourism

Report: Fewer job seekers in June

The number of job seekers in Hungary dropped by a year-on-year 16.3% in June, to 366,900, the National Employment Office...

Telco

Alpha-Vet to spend HUF 400 mln on developments

Hungarian veterinary company Alpha-Vet is to spend HUF 400 mln to build a factory that would produce plant nutrients, the...

Competition

Telenor Magyarország Q2 revenue slips 3%

Second-quarter sales revenue of Telenor Magyarország fell 3% to HUF 37.6 bln from the same period a year earlier, the...

Telco

Tokaj Kereskedőház to invest HUF 1.8 bln in bottling plant

State-owned wine company Tokaj Kereskedőház plans to build a HUF 1.8 bln bottling plant this year, CEO Enikő Kirőly Gaál...

Tourism

Report: Fewer people work in retail sector in May

Approximately 2,600 fewer people worked in the Hungarian retail sector in May compared to February, Hungarian daily Népszabadság reported yesterday citing data...

Visits

TV2 personnel leave the channel, eye online portal

In what appears to be a move toward a government-friendly media outlet, Bence György, former program and news director 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...