Hungary AM

Telco

MKB Bank could be privatized in a few months

Currently state-owned MKB Bank could be privatized late this year or early next year, deputy governor of the National Bank...

Interview

Márton Nagy nominated for MNB deputy governor post

Prime Minister Viktor Orbán yesterday nominated Márton Nagy for the post of deputy governor of the National Bank of Hungary...

Automotive

Government signs cooperation agreement with Johnson Electric Hungary

Hungaryʼs government signed a strategic cooperation agreement with automotive industry supplier Johnson Electric Hungary yesterday. Johnson Electricʼs general manager for...

Telco

Pellet-International builds HUF 150 mln pellet plant

Pellet fuel heating equipment manufacturer Pellett-International is reportedly building a HUF 150 mln pellet factory in Tiszalök, northeastern Hungary, managing...

History

Central bank to launch info campaign on personal bankruptcy

The National Bank of Hungary (MNB) is planning to launch a campaign starting at the end of July to inform...

Sights

Analysts: Easing Greece worries allow more MNB rate cuts

Renewed market optimism over the recent deal between Greece and its eurozone creditors will likely allow Hungaryʼs central bank to...

Telco

State-founded venture capital fund investments reach HUF 9.2 bln

Szechenyi Capital Investment Fund (SZTA), which is a venture capital fund established by the Hungarian government in order to support...

In Hungary

Government readies for introduction of personal bankruptcy

The Hungarian government launched preparations for the introduction of personal bankruptcy, a measure approved at the end of June under...

Tourism

Moodyʼs revises outlook for Hungary banking system to stable

Moodyʼs Investors Service on Friday revised its outlook for Hungaryʼs banking system to stable from negative, Hungarian news agency MTI...

Competition

Mobile payment company Cellum to expand into China

Hungarian mobile payment company Cellum plans to offer services in China, the company said at the Mobile World Congress in...

Analysis

Association: Investment fund assets up 0.3% in June

Assets in investment funds managed by the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) increased by 0.3%,...

Pharma

Group responsible for Budapest-Belgrade rail line upgrade meets in Budapest

A Hungarian, Serbian and Chinese workgroup established for the planned upgrade of the rail line between Belgrade and Budapest, which...

Weather

Insurance claims from storm approach HUF 4.8 bln

Claims by policy holders on damages resulting from a severe storm that swept through Hungary Wednesday of last week could...

Analysis

Analysts predict 10 bp rate cut next Tuesday

Twelve of 19 analysts polled by Reuters expect the National Bank of Hungaryʼs Monetary Council to cut the central bankʼs key rate...

EU

Lázár: Philip Morris, Spar are behind EC probes

Tobacco company Philip Morris and supermarket operator Spar are behind probes of Hungary launched by the European Commission, cabinet chief...

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...