Hungary AM

History

Kun-Mediator clients seek Quaestor-like compensation

Hungarians who lost money invested with Kun-Mediator, a travel agency that also provided clients with unlicensed investor services and has...

Issues

European Court general advocate: Hungary fuel rules may be stricter than EUʼs

European Union law does not exclude Hungarian authorities from establishing supplementary regulations on vehicle fuel that go beyond EU norms...

Telco

RBI books €21 million first-quarter loss in Hungary

Austriaʼs Raiffeisen Bank International (RBI) booked a €21 mln loss at its Hungarian business in the first quarter, narrowing fromln...

Competition

Lázár: Overcharged Főgáz clients to be compensated

The government will propose compensation for customers of gas distributor Főgáz who were overcharged, cabinet chief János Lázár said at...

Telco

General government deficit comes close to 70% of full-year target in April

Hungaryʼs cashflow-based general government deficit, excluding local councils, reached HUF 609.8 bln at the end of April, the National Economy...

Recycling

Sludge disaster victims apply for compensation

Some 17 victims of Hungaryʼs flood of industrial sludge in 2010, have so far made applications for compensation for non-material...

Puskás stadium plan scaled back

Plans for the construction of the new Puskás stadium in Budapest will be downsized and simplified as earlier plans were...

MNB

Association: 82% of FX borrowers pay less after settlement

Data from banks show that repayments of 82% of FX borrowers have fallen because of the settlement of compensation due...

MNB

MNB in talks with banking association on conversion of FX personal, car loans

The National Bank of Hungary is in talks with the Hungarian Banking Association on converting foreign currency-denominated personal and car...

Transport

Wizz Air signs leasing contract with ALC

Hungary’s low-cost airline Wizz Air signed a leasing contract for an Airbus A320 with Air Lease Corporationnel (ALC), which is...

Automotive

Szijjártó conducts talks with Indian political, business leaders

Hungaryʼs Minister of Foreign Affairs and Trade Peter Szijjártó met with Indian political and business leaders in Mumbai yesterday. Economic...

Sights

MKB Bank could begin making a profit by 2015

MKB Bank could start generating a profit as of next year, once its non-performing project loans are placed into a...

Telco

Sales of lottery ticket doubled last week

Sales of lottery tickets rose to just over 7.3 million last week, more than double the weekly average of 3-3.5...

Telco

GfK: Sales of consumer electronics, home appliance up 11% in Q1

Sales of durable consumer electronics and appliances increased by 11.1% in the first quarter of 2015, as compared to the...

Telco

Hungary leasing market swells by 20% in Q1

The value of leases in Hungary increased by more than 20% to HUF 107 bln in the first quarter as...

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...