Hungary AM

Telco

GE: Government should treat large companies as equal

When making long-term decisions, the government should treat large enterprises as equal partners, however, this is not always the case,...

Telco

Varga: Banks that increased lending after 2009 will be rewarded

A tax benefit will be granted to banks that increased their lending activity after the financial crisis, Minister of Economic...

Recycling

GE’s Hungarian unit produces 250,000 LED lights

General Electric reached a manufacturing milestone at its plant in Nagykanizsa, western Hungary, producing 250,000 LED lights since the launch...

Telco

Sales at Pepsi’s Hungarian subsidiary’s jump in 2014

Following restructuring and cost-cutting measures in 2014, Pepsi’s Hungarian subsidiary FÁÜ Zrt.’s main profile became wholesale and the company increased...

Tourism

OTP, Richter treasury share stocks up marginally in May

The treasury share stock of blue chips OTP Bank and drugmaker Richter were up slightly in May as compared to...

MNB

Daily share turnover drops in May

Daily share turnover on the Budapest Stock Exchange fell to HUF 9.2 bln in May, down 31.8% as compared to...

World

Gov’t commissioner attends Atomexpo in Moscow

Attila Aszódi, Hungaryʼs government commissioner for the upgrade of the countryʼs sole nuclear power plant Paks, attended the plenary session...

Deals

Nielsen: Retail food sales up in Q1

Retail sales of food were up by 4.9% in value terms in Hungary in the first quarter of this year...

Elections

MPs submit bill deepening scrutiny of Quaestor-MFB transactions

Governing and opposition MPs submitted a bill to the Hungarian Parliament yesterday that would amend legislation on the state-owned Hungarian...

Analysis

Chinese firm secures stake in Hungarian biorefinery

China New Energy (CNE) yesterday said it had acquired a 24% stake in a Visontai Bioetanol, a Hungarian biorefinery project...

Telco

Refurbished baths open in Miskolctapolca

Local and central government officials inaugurated an outdoor bathing complex in Miskolctapolca, on the outskirts of Miskolc, northeastern Hungary, on...

Tourism

Tuzson: Supporters of immigrants are against Hungarians

Former Prime Minister Ferenc Gyurcsány (pictured) and his party Democratic Coalition have taken the side of immigrants rather than that...

Visits

Juncker: Death penalty could lead to a break with the EU

“Should Hungary introduce the death penalty, it would be a reason to break-up. It’s one of my most fundamental political...

Deals

GVH fines MAX-IMMUN on charges of misleading advertising

Hungaryʼs Competition Office (GVH) announced on Friday that it had fined MAX-IMMUN HUF 5 mln on charges of misleading advertising,...

History

Hungarian state secretary holds talks in China

Hungaryʼs state secretary for supermarket oversight Róbert Zsigó held talks in Chongqing, China, regarding the expansion of trade in farm...

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...