Hungary AM

Analysis

KELER shareholders put profit from 2014 in reserves

Shareholders of clearing house KELER have collectively decided to place all of last yearʼs HUF 2.36 bln in earnings into...

Initiatives

First consolidated report approved by Takarékbank shareholders

Shareholders of Takarékbank, the "central bank" for Hungaryʼs recently integrated savings cooperatives, has approved the first consolidated report of the...

Int'l Relations

Szijjártó: Mongolia could become key destination for tech exports

Mongolia is soon to become a key destination for Hungarian technology exports, Foreign Minister Peter Szijjártó told state news agency...

Recycling

Prinzhorn to erect HUF 45 bln biomass power plant in Hungary

Austriaʼs Prinzhorn is currently building a HUF 45 bln biomass power plant at its paper factory in Dunaújváros, central Hungary,...

Ratings

Analysts: Hungary’s rating could be updated to investment grade

Fitch Ratings could upgrade Hungaryʼs sovereign credit ratings to investment grade by the end of this year, London-based emerging markets...

History

Government launches online immigration questionnaire

The government launched an online version of the “national consultation on immigration” questionnaires yesterday, government spokesperson Zoltán Kovács said at...

Analysis

MKIK: Business confidence improves in 2015 Q1

A gauge of SME confidence by the Hungarian Chamber of Commerce and Industryʼs (MKIK) Economy and Business Research Institute (GVI)...

Recycling

Rosatom feeds Paks II data into modelling program

Russiaʼs Rosatom has fed all of the necessary data for planning the upgrade of Hungaryʼs Paks nuclear power plant into...

Initiatives

Ericsson to open collaborative innovation space in Budapest

Swedenʼs Ericsson announced the opening of a collaborative workspace at its research and development base in Budapest. The "Ericsson Garage"...

Recycling

Metecno to invest €25 mln in Hungary

Buildings material manufacturer Metecno will spend €25 mln to construct two plants in Hungary by the spring of 2017, the...

Deals

Budapest metro carriage renovation approved

The Budapest local council yesterday approved an agreement on conditions for the renovation of trains that run on the cityʼs...

Telco

Univer Product winds up HUF 620 mln biomass furnace

Hungarian condiments producer Univer Product installed a HUF 620 mln biomass furnace at its plant in Kecskemét, central Hungary, the...

Int'l Relations

Szijjártó meets with political, business leaders in Singapore

Hungary’s Minister of Foreign Affairs and Trade Peter Szijjártó met with local political and business leaders in Singapore yesterday. Szijjártó...

Issues

Btel delisted from BSE

The Budapest Stock Exchange (BSE) yesterday said it is delisting the shares and bonds of Business Telecom (BTel) because of...

Telco

MVM revenue climbs 30% in 2014

Consolidated revenue of the state-owned Hungarian Electricity Works (MVM) rose almost 30% to HUF 1.195 trillion last year, the company...

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...