Hungary AM

Deals

Croatian supreme court rejects MOL market manipulation appeal

Croatiaʼs supreme court has rejected an appeal by Hungarian oil and gas company MOL and upheld a decision by the...

EU

EC recommends fiscal adjustment of 0.5% of GDP to Hungary

Hungary should achieve a fiscal adjustment of 0.5% of GDP in 2015 and of 0.6% in 2016 to ensure it...

Telco

Masterplast Q1 profit rises on financial gain

Hungarian building materials manufacturer Masterplast had first-quarter after-tax profit of €900,000, improving from a net loss of €630,000 in the...

Analysis

Hungary buys Munkácsy masterpiece for $5.7 mln

The Hungarian state paid $5.7 mln for Mihály Munkácsyʼs "Christ Before Pilate" (pictured) to Canadaʼs Art Gallery of Hamilton, the...

Telco

MOL calculates dividend as HUF 485.5 per share

Hungarian oil and gas company MOL yesterday said a dividend it will pay stakeholders on last yearʼs earnings amounts to...

Industrial

Sinia inaugurates HUF 1.9 bln furniture plant

Belgian-owned furniture manufacturer Sinia Bútorgyártó yesterday inaugurated a HUF 1.9 bln plant in Bátonyterenye, northern Hungary, news agency MTI said...

Competition

Daily consumer spending rises HUF 1.55 bln since mid-March

Daily average consumer spending has grown from HUF 20.9 bln to HUF 22.45 bln since the mid-March despite new legislation...

Recycling

Active Fiber Systems to deliver HUF 895 mln laser equipment to ELI-HU

Germany’s Active Fiber Systems will supply a HUF 895 mln laser system for the superlaser center in Szeged, southeastern Hungary,...

Automotive

DanubeTruck plans to sell 1,000 Iveco trucks a year

DanubeTruck Magyarország plans to sell 1,000 of the Iveco brand trucks a year in Hungary in the medium-term, managing director...

Telco

Vértesi Erdő, Tatabánya Erőmű sign HUF 1.5 bln biofuel contract

Hungarian forestry company Vértesi Erdő yesterday signed a contract for an initial HUF 1.5 bln to supply woodchips to heating...

Telco

Masterplast owners to offer shares for auction

Dávid Tibor and Balázs Ács, the two main owners of Hungarian stake in the building materials manufacturer Masterplast, are planning...

Pharma

KÉSZ lays cornerstone for HUF 3 bln innovation center

Hungary’s construction company KÉSZ has laid the cornerstone of a HUF 3 bln innovation center that is expected to support...

Energy Trade

Tel Aviv’s Biomed 2015 welcomes Hungarian companies

Hungarian companies are showcasing medical equipment for prevention and treatment as well as natural health preparations at the country’s stand...

Retail

Budapest to host 3D Printing Days

Budapest’s Design Terminal institution is organizing 3D Printing Days on 14-16 May, which it says will be the region’s biggest...

Deals

NNG opens offices in Japan, USA

Hungarian navigation software developer NNG is opening new offices in Tokyo, Japan and Detroit, United States to serve local clients’...

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...