Hungary AM

Sights

MNB fines insurers on charges of unlawful rejection

The National Bank of Hungary fined insurers K&H Biztosító HUF 200 mln and Groupama Garancia Biztosító HUF 100 mln on charges of unlawful rejection of...

Industrial

Grana inaugurates HUF 500 mln injection moulding hall

Grana inaugurated a HUF 500 mln injection moulding hall at its base in Győr on Friday. Grana won a HUF...

Competition

NMHH clears Columbia Pictures purchase of Viasat

Hungary’s National Media and Infocommunications Authority (NMHH) approved the 100% purchase of satellite TV channel Viasat Hungária Műsorszolgáltató Zrt. by Columbia...

Analysis

NMHH fines parliament broadcast

Hungary’s National Media and Infocommunications Authority (NMHH) fined the service provider of the country’s Parlament TV, a channel chiefly broadcasting...

Telco

Recy-Pet Hungária opens HUF 2.8 bln recycling R&D center

Recy-Pet Hungária yesterday said it recently inaugurated a HUF 2.8 bln recycling R&D center in the Karcag industrial park, central Hungary,...

György Wáberer appointed commissioner for road haulage developments

Prime Minister Viktor Orbán named György Wáberer commissioner for road haulage and logistics developments, the head of the PMʼs press...

Deals

MetLife Biztositó fined for oversight violations

The National Bank of Hungary (MNB) fined insurer MetLife Biztositó a combined HUF 25 mln after it was found guilty of violations,...

Deals

Lázár suggests 50% wage raise for low-income public sector workers

Cabinet chief János Lázár yesterday proposed raising the salaries of the lowest earners in the public sector by 50%. ...

City

Budapest Airport, HungaroControl and local councils to work jointly on airport developments

Liszt Ferenc International operator Budapest Airport, air traffic controller HungaroControl and the local governments of Budapestʼs District XVIII, Pest County...

Int'l Relations

Eximbank sets up €45 mln line of credit for Hungary-Serbia trade

Hungaryʼs Eximbank is establishing a EUR 45 mln credit line to support cooperation between Hungarian and Serbian business partners, Minister...

Tourism

MOL, OTP treasury share stocks down in June

The treasury share stock of blue chips OTP Bank and oil and gas company MOL fell in June, while drugmaker Gedeon Richter bought more of its...

Deals

Fitch: MOL affirmed at ‘BBB-’ with negative outlook

Fitch Ratings on Wednesday affirmed Hungarian oil and gas company MOLʼs long-term issuer default rating at ‘BBB-’ with a negative outlook. The negative outlook...

Deals

Felcsút’s mayor wins mineral water tender

Felcsút’s forint billionaire mayor Lőrinc Mészáros, a cohort of Prime Minister Viktor Orbán, made a lucrative move by entering the...

Sights

Brussels to investigate Paks II funding

An official investigation has been launched by the EU to investigate suspicion of plans for unlawful use of a state...

History

Varga encourages diversification in industrial sectors

National Economy Minister Mihály Varga warned against over-reliance on the automotive industry as an engine of economic growth while speaking...

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...