Hungary AM

Energy Trade

Lázár envisages minimum wage, pension rising

The minimum wage in Hungary is expected to rise by 5.5% as of next year, while pensions could increase 1.6%,...

Food

Survey: Majority of Hungarians plan to go on vacation

CIB Bank, the Hungarian subsidiary of Italian Sao Paolo, said in its representative survey published yesterday that only 11% of...

Telco

Zwack shareholders approve HUF 1,200 per-share dividend

Shareholders of Zwack Unicum, Hungaryʼs best-known spirits maker, approved a proposal to pay a HUF 1,200-per-share dividend on the 2014/15 financial...

Sights

Economists say weaker forint has less impact on inflation

A weakening forint is generating much less inflation now than it was before the 2008 global crisis, György Molnár and...

Analysis

U.S. ambassador meets with MNB

Colleen Bell, U.S. ambassador for Hungary, yesterday discussed "current professional questions" with the National Bank of Hungaryʼs (MNB) management yesterday,...

Analysis

U.S. ambassador meets with MNB

Colleen Bell, U.S. ambassador for Hungary, yesterday discussed "current professional questions" with the National Bank of Hungaryʼs (MNB) management yesterday,...

Energy Trade

Report: Főgáz could sell 1 bln cubic meters of deregulated gas

Gas distributor Főgáz could sell as much as 1 bln cubic meters of gas on the deregulated market in the...

Telco

Italian Farmol eyes new production hall in Hungary

The Hungarian subsidiary of Italian-owned Farmol, which makes and fills aerosol cans, is investing €3.5 mln in a new production hall...

Pharma

Tetra Pak inaugurates HUF 14 bln expansion in Hungary

Swedish packaging company Tetra Pak yesterday inaugurated a HUF 14 bln expansion at its base in Budaörs, on the outskirts of Budapest....

Recycling

Heineken Hungária inaugurates €1.8 mln packaging plant

Brewer Heineken Hungária Sörgyárak inaugurated a €1.8 mln packaging plant in Sopron, western Hungary, yesterday....

Ratings

MNB raises 2015 inflation forecast to 0.3%

The National Bank of Hungary (MNB) has raised its inflation forecast for 2015 to 0.3% from 0% in its fresh...

In Hungary

Government has no plans to restrict SZÉP card use

Hungaryʼs National Economy Ministry on Monday said it has no plans to restrict the use of SZÉP voucher cards, though...

History

GKI raises 2015 GDP forecast to 2.7%

Economic research institute GKI has raised its projection for this yearʼs GDP growth to 2.7% from 2.5%. GKI raised its projection...

Sights

Analysts expect continued monetary easing today

Hungarian analysts expect the National Bank of Hungary to continue an easing cycle at a steady pace at a policy...

Deals

MNB clears state acquisition of Budapest Bank

The National Bank of Hungaryʼs (MNB) Financial Stability Council has cleared the acquisition of 100% of the shares of Budapest...

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...