Hungary AM

Telco

OTP Bank raises capital at Ukrainian subsidiary

OTP Bank on Friday said a capital increase to UAH 3,668,186,135 (€155 mln) from UAH 2,868,190,521 (€121 mln) was registered...

Telco

Insurersʼ premiums revenue up 2% in Q1

Hungarian insurersʼ combined revenue from premiums rose 2% to HUF 247.8 bln in the first quarter of this year as...

Food

Hungaryʼs online ad sector grows 4.9% in Q1

Revenue of Hungaryʼs online advertising sector was up 4.9% year-on-year in the first quarter of this year, the Interactive Advertising...

Telco

PannErgy posts consolidated net earnings of HUF 118 mln in Q1

Hungarian geothermal-energy company PannErgy had consolidated net earnings of HUF 118 mln in the first quarter of this year in...

Telco

Alteo net earnings more than double in first quarter

Hungarian energy supplier and trader Alteo ended the first quarter of this year with net earnings of HUF 62.549 mln,...

History

Gov’t to mandate municipalities to invest in gov’t securities

The government is in the process of preparing a proposal that will require municipalities to put their long- and short-term...

Tourism

Hungary plans to open trading house in Serbia

The Hungarian National Trading House (MNKH), established by the Hungarian state to explore opportunities for Hungarian companies on foreign markets,...

Retail

MOL anticipates substantial sales growth at petrol station shops

Hungarian oil and gas company MOL is expecting double-digit sales growth at its petrol station shops, Zsolt Pethő, who heads...

Telco

OTP’s Csányi still richest man in Hungary

Sándor Csányi, the proprietor of agribusiness Bonafarm and director of OTP Bank, still ranks as the richest man in Hungary,...

Int'l Relations

Direct Hungary-Canada flights to be reintroduced

Two direct flights between Budapest and Toronto will soon be introduced to boost cooperation between Hungary and Canada, Foreign Minister...

Telco

Buyers to take over assets of troubled clothing manufacturer Styl

A foreign and a Hungarian strategic investor, along with the local council of Szombathely, in western Hungary, will assume ownership...

History

Popularity of state television news program falls sharply

The viewership of the recently reprogrammed state-owned television channel M1’s main evening news program has dropped over 50% in nearly...

Analysis

EBRD: Greece represents a potential risk for CEE growth

According to an optimistic scenario, the CEE region’s economy is expected grow by an average 3% this year, boosted by...

In Hungary

Századvég’s analyst to team up with Habony

Government friendly research institute Századvég’s research analyst Tamás Lánczi will become managing director of the joint venture founded by Viktor...

Transport

Budapest airport passenger numbers up 10.8%

Passenger numbers at Budapestʼs Liszt Ferenc Airport saw a year-on-year rise of 10.8%, reaching 840,000 in April, communications director Mihály...

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...