Hungary AM

Initiatives

Bábolna spends HUF 577 mln on product development

Food industry company Bábolna Élelmiszeripari spent HUF 577 mln to develop new products at its plant in Törökszentmiklós, the company...

Analysis

Századvég predicts 3.4% GDP growth in 2015

Government friendly research institute Századvég expects Hungaryʼs economy to grow 3.4% this year, before GDP growth slows to 2.7% in...

Transport

Canada’s low-cost carrier launches direct flights to Budapest

Canadian low-cost airline Air Transat launched its first direct flight from Canada, departing from Toronto, stopping over in Montreal, and landing in...

Initiatives

V4, Bulgaria, Romania sign development cooperation agreement

The Visegrád Four countries, as well as Bulgaria and Romania, signed an agreement on regional development and planning in Chopok,...

Deals

Online trade in Hungary up 26% in 2014

Retail sales which took place through the internet climbed 26%, reaching HUF 273 bln in Hungary in 2014, industry association...

Telco

Magyar Suzuki: Revenue, profit decline due to model switch

Revenue and profits of Magyar Suzuki, the Japanese carmakerʼs Hungarian unit, were down last year as the conditions for a model...

Food

TakarékBank elevates 2015 GDP forecast to 3.3%

Takarékbank, the central bank of savings cooperatives in Hungary, projects 3.3% GDP growth in Hungary this year, Gergely Suppan, the...

Recycling

Opel to augment engine manufacturing in Hungary

General Motors-owned carmaker Opel will add 17 new engine models to its product palette by 2018, most of which will...

Tourism

KSH: Mobile phone subscriptions in Hungary up 1.2% in Q1

The number of mobile phone subscriptions in Hungary increased by 1.2% to 11.8 mln in the first quarter of 2015,...

Pharma

Debrecen innovation complex receives HUF 583 mln

A consortium of the University of Debrecen, the city municipality, the local chamber of industry and development agency INNOVA has won European...

Drinks

Beer sales up at Hungarian breweries in 2014

Domestic sales at Hungarian breweries was up 2%, reaching 6.2 mln hectoliters in 2014, according to data compiled by industry...

Energy Trade

Szijjártó: EU enlargement, energy security key for CEI

The Central European Initiative (CEI) should focus on accelerating EU enlargement toward the Western Balkans and increasing investments needed to...

Energy Trade

Szijjártó: EU enlargement, energy security key for CEI

The Central European Initiative (CEI) should focus on accelerating EU enlargement toward the Western Balkans and increasing investments needed to...

MNB

MNB rejects accusation of covert monetary financing

The National Bank of Hungary (MNB) is not involved in covert monetary financing through its subsidiaries, the MNB told state...

Telco

Kelet-Trans 2000 completes HUF 416 mln investment

Transportation and packaging company Kelet-Trans 2000 has completed a HUF 416 mln technology and infrastructure investment at its base in...

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...