Hungary AM

Social

Brain Bar Budapest on until Saturday

The Brain Bar Budapest festival which focuses on all topics surrounding technological innovation, is on through Saturday at the Design Terminal,...

Deals

GVH fines ETER-1 on charges deleting documents during raid

Hungaryʼs Competition Office (GVH)fined engineering company ETER-1 on charges of deleting digital documentation during a raid, Hungarian news agency MTI...

In Hungary

Strike prices revised for MOL share option agreements

Hungarian oil and gas company MOL announced yesterday that strike prices in share option agreements with Credit Agricole, CIB and ING Bank had been amended. ...

Government forwards evidence to Brussels regarding Altus affair

Hungaryʼs government has sent evidence of illegal, secret party financing related to a European Union contract awarded to a company...

History

Varga, EC VP discuss recommendations for Hungary

National Economy Minister Mihály Varga discussed recommendations the European Commission made to Hungary in May at a meeting with EC...

Sights

Taxi demonstration set for June 16

A demonstration organized by the Hungarian taxi drivers’ association (OTSZ) will take place on June 16 in the event that...

Social

Tarlós: Gay pride is repulsive

Budapest mayor István Tarlós said that the Budapest Pride parade is “repulsive” and that the “entire phenomenon is unnatural”, during an...

Issues

ECHR rejects appeals of ruling in tobacco license case

The European Court of Human Rights yesterday said it had rejected appeals against a ruling in January that found Hungary...

Analysis

Road connecting Szolnok and Budapest to replace M4

Prime Minister Viktor Orbán yesterday announced a proposal to expand the No. 4 road between the capital and Szolnok, central...

Food

State secretary pays visit to Riyadh, Muscat

State secretary for economic diplomacy Levente Magyar held talks with government leaders, investors and importers of farm products during visits...

Telco

World Aquatics Championships budget estimated at HUF 49 bln

Playing host to the 2017 FINA World Aquatics Championships could cost Hungary HUF 49 bln, however, the budget would recover...

Sights

MFB mandates banks to participate in roadshow

State-owned Hungarian Development Bank (MFB) has mandated BNP Paribas, Citigroup and Société Générale CIB banks to arrange a series of...

Initiatives

State could purchase last of Munkacsy trilogy for $6 mln

The National Bank of Hungary (MNB) said it is willing to pay $6 mln to acquire Mihály Munkácsyʼs monumental painting...

City

Hungary’s commercial air traffic increases by 11.5% y.o.y.

Hungary’s air traffic increased to 700,818 aircraft flying in Hungarian airspace in 2014, up 11.55% from 2013, online business portal...

History

Rosatom CEO pleased with progress on Paks upgrade

Russiaʼs state-owned atomic energy company Rosatom is pleased with the preparations being undertaken prior to the upgrade of Hungaryʼs sole...

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...