Hungary AM

Sights

Demján to pay Arcadom sub-contractors out of pocket

About 120 sub-contractors left with unpaid invoices after the failure of developer Arcadom are being compensated directly by the companyʼs...

Analysis

Varga meets EC commissioner for internal market

Hungary’s National Economy Minister Mihály Varga (left) met with Elzbieta Bienkowska (right), the European Commissioner for Internal Market, Industry, Entrepreneurship...

Deals

Minister: Social sector to get HUF 7.6 bln wage supplement

As of June, approximately 65,000 workers in the social services will receive wage supplements, Minister of Human Capacities Zoltán Balog...

Art

Authority orders restrictions to prevent spread of swamp fever in horses

Hungaryʼs food and animal health authority Nébih has ordered restrictions in ten communities in eight counties around the country to...

Deals

INA to sell big portion of properties

Croatian oil company INA has decided to sell a substantial part of its properties and projects revenue of €32 mln...

Issues

Police investigate Arcadom on suspicion of fraud

The Budapest police launched an investigation against property developer Arcadom, which is owned by construction industry magnate Sándor Demján, on...

Telco

Vajda Papír carrying out HUF 1.2 bln capacity expansion

Hungarian paper product manufacturer Vajda Papír is spending a combined HUF 1.2 bln on two tissue production lines at its...

Conferences

Government mulls support program for big companies

Hungaryʼs government is considering creating a program to support large companies that are not eligible for European Union cohesion funds,...

Ratings

Fitch affirms Hungaryʼs junk rating, raises outlook to positive

Fitch Ratings affirmed Hungaryʼs "BB plus" sovereign credit rating, one notch below investment grade, in a scheduled review Friday evening....

Banking

Bill would reduce top rate for ad tax to 5.3%

Hungaryʼs government submitted a bill to Parliament on Friday that would apply a 5.3% rate for the advertising tax on...

Tourism

Registered jobseeker numbers up in April

The number of registered job seekers in Hungary grew slightly year-on-year in April to 414,900 from 413,700, the National Employment...

Analysis

New York Times calls Orbán a ‘soft dictator’

Hungary’s Prime Minister Viktor Orbán was described as a “soft dictator” in New York Times’ op-ed piece published on Sunday, entitled “The...

Sights

Compensation of Hungaria Értékpapír clients begins

Compensation for the clients of failed brokerage Hungária Értékpapír began on Friday and clients will be entitles to apply for...

Telco

Urbán és Urbán inaugurates HUF 3.5 bln wafer plant

Hungarian snacks maker Urbán és Urbán inaugurated a HUF 3.5 bln wafer plant in Rétság, northern Hungary on Friday....

Industrial

Schafer-Oesterle to build HUF 500 mln hall at base

German car interior manufacturer Schafer-Oesterle yesterday signed a contract on the construction of a HUF 500 mln production hall at...

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...