Hungary AM

EU

MNB external rate-setter, and director of MARK, to resign

Csaba Kandrács will resign as a member of the National Bank of Hungaryʼs (MNB) rate-setting Monetary Council, effective July 6,...

EU

Hungarian economic migrants send more cash home

While a typical migrant sends home $1,700 a year, the average Hungarian living abroad transfers $5,500 each year back to...

Competition

Főgáz prepares to take over Tigáz clients

State-owned Főgáz stands ready to take over some 1.2 million clients of regional gas distributor Tigáz, the company told state news agency MTI yesterday. ...

Telco

Hungary announces tender for passenger cars valued at HUF 6 bln

Hungaryʼs public procurement directorate KEF has called an open tender for net HUF 6 bln of passenger cars in the...

Conferences

Hungary signs for EIB loan for €500 mln

Hungary signed for a €500 mln loan from the European Investment Bank (EIB) on Monday, state news agency MTI reported...

Deals

MVM elects new chairman-CEO

A general meeting of the state-owned Hungarian Electricity Works (MVM) has appointed Péter Csiba chairman-CEO of the company, MVM said...

Competition

Magyar Telekom, Telenor implement action for recently cleared tariff changes

Telenor is giving its clients until the end of June to refuse tariff changes that will take effect on July...

Banking

Liechtenstein, Hungary sign double taxation avoidance agreement

Hungary and Liechtenstein have signed a double taxation avoidance agreement, the National Economy Ministry said yesterday, according to state news...

MPs: Surplus from 2024 Olympics would be spent on healthcare

In a motion submitted to Parliament yesterday, Fidesz-KDNP MPs Antal Rogán and Péter Harrach have put forward a proposal that...

Competition

State purchases Budapest Bank for USD 700 mln

The state-owned Corvinus Nemzetközi Befektetési has transferred the USD 700 mln purchase price for a 100% stake in Budapest Bank to General Electric Capital Group,...

Pharma

Bank of China Hungary uses €500 mln bond to finance local company

The Hungarian branch of the Bank of China will use proceeds from a €500 mln bond for upgrades at local...

Conferences

Ministry: No intention of scrapping local tourism tax

Neither the local tourism tax nor a state tourism top-up will be abolished, the National Economy Ministry said in a...

Hotels

Hotel Europa Fit winds up HUF 500 mln investment

Hotel Europa Fit, located in the spa town of Hévíz, southwestern Hungary, inaugurated a renovation project on Friday valued at almost...

Tourism

Hungarian police sent to Serbian-Macedonia border

Ten Hungarian police officers travelling in an off-road vehicle and four additional vehicles equipped with thermal cameras are on route...

Tourism

Minister: Number of immigrants up in Serbia

The number of migrants passing through Serbia has increased significantly since the beginning of the year and over 34,000 people...

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...