Hungary AM

EU

Hungary Abstains in Vote on Russia, Belarus Farm Product Tariffs

Hungary abstained from a Council of the European Union vote raising EU tariffs on farm products from Russia and Belarus...

Awards

Museum of Ethnography Wins at Fiabci World Awards

Hungary's new Museum of Ethnography, part of the Liget Budapest Project, has been acknowledged at the Fiabci World Prix d'Excellence...

Figures

TritonLife Revenue at HUF 35 bln in 2023

The revenue of Hungarian-owned private healthcare provider TritonLife was close to HUF 35 billion in 2023, doubling from HUF 17.5...

City

BudapestGO Adds New Function

The application of the Budapest Transportation Center (BKK), BudapestGO, is being expanded with a new function, writes the leading online...

Innovation

Young Hungarians Increasingly Feel Impact of AI

Young Hungarians increasingly feel the impact of AI in their daily lives, according to a survey published by the Mathias...

Tourism

280,000 Travelers Stay 530,000 Guest Nights Over Pentecost

Around 280,000 travelers stayed for almost 530,000 guest nights at tourism accommodation in Hungary over the three-day Pentecost weekend, the...

Banking

MNB Recommends OTP Takes Precautionary Measures on Russian Exposure

The National Bank of Hungary (MNB) has made recommendations in an executive letter to OTP Bank on "precautionary measures" in...

Automotive

Average HUF 56,400 Compulsory Vehicle Insurance Premium in Q1

Hungarian auto owners paid almost HUF 56,400, on average, for their annual compulsory vehicle insurance premiums in the first quarter,...

Sustainability

Modernization Could Save 16% of Annual Energy Consumption

Hungary could save 16% of its annual energy consumption if all energy-obsolete residential and public buildings were modernized, writes Másfélfok,...

HR

Gov’t Aims to Increase Employment Rate to 85%

The government's goal is for the employment rate of the 20-64 age group to increase from the current 81% to...

Residential

Movement Already Visible on Sublet Market

While the sublet market's primary season begins in two months, movement is already visible, according to profitline.hu....

Energy Trade

MET Group Wins TXF ‘Commodity Financing Deal of the Year’

Amsterdam-based financial market analysis company TXF awarded the Swiss-based energy company MET Group, which has Hungarian roots, with the "European...

Crops

Prospects of Hungarian Feed Industry Favorable This Year

The prospects for the Hungarian feed industry in 2024 are favorable, according to the announcement of agricultural company group UBM,...

Manufacturing

Continental Dohányipari Lays Cornerstone of HUF 16.5 bln Expansion

Continental Dohányipari laid the cornerstone for a HUF 16.5 billion expansion at its base in Sátoraljaújhely (250 km northeast of...

Manufacturing

Siemens Energy Inaugurates Production Hall, Training Center

The local unit of German-owned Siemens Energy inaugurated a production hall and a training center and installed a 1.5 MW...

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...