Hungary AM

Tourism

National mobile payment system turnover reaches HUF 11.2 bln in first year

Turnover of Hungaryʼs national mobile payment system reached HUF 11.2 bln in its first year of operation, the CEO of...

Budapest officially sends 2024 Olympic bid to Lausanne

Budapest and the Hungarian Olympic Committee (MOB) yesterday jointly sent their bid to host the Olympic and Paralympic Games in...

Analysis

Report: Electricity demand peaks during heat wave

Electricity demand in Hungary reached a new summer peak on Tuesday as people tried to stay cool during a heat...

Audit office proposes higher wages for state-owned company managers

Hungary’s State Audit Office (ASZ) put forward a package of proposals, which would raise the salaries of top managers at...

Deals

Government spending compared to GDP just over EU average

Government expenditures in Hungary were the equivalent of 50.1% of GDP last year, just over the 48.1% European Union average,...

Telco

MNB introducing longer IRS facility to tempt banks to buy government securities

The National Bank of Hungary yesterday said it is introducing an interest rate swap (IRS) facility with a ten-year maturity...

Telco

General government deficit reaches 92.3% of full-year target by June

Hungaryʼs cashflow-based general government deficit, excluding local councils, reached HUF 823.3 bln in the year to June, a first reading...

MNB

Quaestor compensation to start soon

Hungaryʼs Investor Protection Fund (Beva) will pay HUF 88 bln in compensation to some 32,000 buyers of unsanctioned bonds issued...

Food

GfK: Consumer confidence up to 167.4 in Q2

Hungary’s consumer confidence index saw a rise to 167.4 points in Q2, up from the previous quarter’s 164.8, GfK Hungaria,...

Awards

Rate-setter approved by Parliament

The Hungarian Parliament yesterday voted to appoint Gusztav Bager a member of the rate-setting Monetary Council of the National Bank...

In Hungary

Parliament greenlights electronic ID

The Hungarian Parliament yesterday approved legislation that paves the legal way for the introduction of electronic identification cards for Hungarian...

MPs back Budapest’s 2024 Olympic Games bid

The Hungarian Parliament voted to support Budapest’s bid to host the 2024 summer Olympic Games, with 151 voting in favor,...

Party Popularity

Parliament approves legislation accelerating broadband internet

Lawmakers yesterday approved legislation that aims to accelerate investments necessary to bring broadband internet to all Hungarians by 2018, two...

Analysis

EC greenlights €95 mln in projects uniting Hungary, Austria

The European Commission said on Friday that it approved cross-border projects by Hungary and Austria worth €95 mln. Some €78 mln in...

Competition

Budapest Airport to rejuvenate service fleet with electric cars

Budapest Airport, a subsidiary of German AviAlliance and the operator of Hungary’s chief commercial Liszt Ferenc Airport, is planning to...

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...