Hungary AM

Deals

Reuters: MOL eyes further retail buys in Central Europe

Hungarian oil and gas company MOL plans further acquisitions to boost its retail market share in central Europe, where demand...

History

UNHCR calls on Hungary to protect refugees

The UN Refugee Agency raised concerns over what it says are efforts by the Hungarian government to regard refugees as...

Telco

General government deficit nears 70% of 2015 target

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

History

Erste seeks resolution in dispute over brokerage compensation

Austrian lender Erste Group is hoping to reach an amicable resolution in the dispute with the Hungarian government regarding compensation...

In Hungary

Visitors to Hungarian spas exceeded 40 million last year

Hungaryʼs spas attracted more than 40 million visitors in 2014, state secretary Ádám Ruszinkó said at a press conference yesterday...

Government

Government to submit 2016 budget bill next week

The government will submit the 2016 budget bill to Parliament next week, cabinet chief János Lázár said at a regularly...

Telco

Retail government securities stock grows HUF 51 bln in April

The stock of government securities targeted at retail investors rose by HUF 51 bln to HUF 2,653 bln in April,...

Competition

MNB withdraws pawnbroker Kézizálog’s license

The National Bank of Hungary (MNB) said yesterday that it had withdrawn the license of pawnbroker Kézizálog and initiated the...

Hotels

Le Meridien to be re-branded as The Ritz-Carlton

Le Meridien, a luxury hotel in the central Budapest, will soon be renamed The Ritz-Carlton, The Ritz-Carlton Hotel Company said...

Telco

100 richest Hungarians are worth HUF 2.6 trillion

The countryʼs 100 richest individuals have a combined wealth of HUF 2.6 trillion, HUF 160 bln more than last year,...

Banking

Companies participating in dual education program could get rebates

Companies that take part in Hungaryʼs dual education system – a combination of trade instruction and on-the-job training – may...

Competition

Vodafone introduces contactless mobile payment method

Vodafone launched a mobile payment service for near field communication-enabled smartphones yesterday with its partners OTP Bank and MasterCard, Hungarian...

Analysis

MNB rate-setters agree that easing cycle must continue

The National Bank of Hungaryʼs (MNB) rate-setting Monetary Council agreed that it would send a "more robust signal" regarding the...

Deals

Magyar Telekom appoints new deputy-CEO of retail services

András Gyenes, 46, was appointed deputy-CEO of retail services at Magyar Telekom, as of July 3, 2015, Hungarian news agency...

Deals

INA to consider drawing HRK 15-per-share dividend from profits

The management of Croatian oil and gas company INA, a subsidiary of Hungarian oil and gas company MOL, is proposing...

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...