Hungary AM

Issues

Far-right Jobbik finds allies on the left

Unions are joining forces to support a referendum that would give men the right to retire after 40 years of...

Competition

Google, Prezi and espell team up to stream Budapest pride online

The We’re Open initiative live-streamed the 20th Budapest Pride parade on their website nyitottakvagyunk.hu on Saturday. The organization was founded by Hungarian...

Ratings

Moodyʼs: Hungaryʼs junk rating remains untouched

Rating agency Moodyʼs Investors Service left Hungaryʼs "Ba1" sovereign long-term foreign and domestic issuer rating, one notch under investment grade, with "stable"...

Retail

Budapest ranks third in PwC hotel survey

Budapest hotels ended in third place based on value-for-money assessments from among 48 cities worldwide, in a survey published by...

Energy Trade

Hungary teams up with neighbors to integrate gas market

Hungary and 14 other European Union and Energy Community countries in the Central Eastern Europe and South East European regions...

Issues

Greenpeace: Harvest initiated by Fidesz-friendly company is illegal

Fidesz-friendly Mező Vidék Bt. reportedly contracted harvesters to harvest land in the Kishantos area for which it had illegally acquired rental rights, hvg.hu reported...

Automotive

MOL relays production update on Kurdistan block

Hungarian oil and gas company MOL yesterday relayed a production update from the operator of the Shaikan block in the...

Telco

MOL closes acquisition of Ithaca Petroleum Norge

Hungarian oil and gas company MOL yesterday said it closed the acquisition of 100% of Ithaca Petroleum Norge from Ithaca...

Visits

Hungary needs an additional 6,500 truck drivers

Approximately 6,500 truck drivers are needed to fill employment demands in the Hungarian market, a survey of the country’s road...

Weather

Association head expects heat wave to hurt corn harvest

The recent days’ heat wave could negatively affect Hungary’s corn harvest this year, reducing it by about 1 million tons,...

Competition

About two-thirds of small Hungarian businesses project growth

About two-thirds of Hungarian micro- and small businesses expect their businesses to grow in the coming 1-3 years, according to...

Hotels

MNB clears Danubius Hotels buyout offer by CP Holding

The National Bank of Hungary (MNB) approved the voluntary public purchase offer, for Hungaryʼs Danubius Hotels shares by CP Holdings,...

Pharma

Magyar Eximbank signs for €50 mln credit line from CEB

Hungaryʼs Eximbank signed for a €50 mln credit line from the Council of Europe Development Bank (CEB) in Budapest. The...

Deals

OECD gives Hungary vice-chair

The nomination of Hungary for a 2016 vice-chairmanship, Zoltán Cséfalvay, who heads Hungaryʼs permanent representative to the organisation, was unanimously...

Initiatives

Russian company wins renovation tender with €219 mln bid

Russiaʼs Metrowagonmash was awarded with a tender to renovate carriages that operate on Budapestʼs number three metro line with a...

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...