Hungary AM

Retail

MNB proposes online, mobile insurance sales

The National Bank of Hungaryʼs (MNB) Financial Stability Council has approved a recommendation to promote insurance products through electronic media,...

Sights

Graphisoft Park Q1 profits up 61%

Graphisoft Park, the owner and operator of a business park in north Budapest, reported after-tax profit of €924,000 in the...

Banking

Industry associations dispute ad tax

Industry associations are calling for additional consultations on the advertising tax, and have asked the government to consider abolishing the...

Int'l Relations

Hungarian, Czech foreign ministers anticipate favorable cooperation

Trade conditions between Hungary and Czech Republic have improved considerably of late and are expected to develop further, according to...

Deals

MOL rebrands its Czech subsidiaries

Hungarian oil and gas company MOL yesterday began a re-branding campaign of its petrol stations in Czech Republic, Hungarian news...

Initiatives

EC: Hungaryʼs GDP expected to rise by 2.8% in 2015

Hungaryʼs real GDP grew by 3.6% in 2014, but that growth is expected to slow to 2.8% this year and...

Conferences

Economy Minister speaks to Swiss-Hungarian Chamber of Commerce

Hungary’s Economy Minister Mihály Varga yesterday acknowledged the importance of investments made by Swiss companies in Hungary and developments supported...

Telco

Fehrer wraps HUF 3.48 bln plant expansion

Fehrer Automotive-Raba, which produces foam products for car seats, completed a HUF 3.48 bln expansion at its base in Mór,...

Industrial

Nielsen: Grocery store numbers down 5%

The number of grocery stores operating in Hungary was down 5%, to 17,729, in the 12 months leading up to...

Retail

Fidesz senior official admits to positive discrimination of Hungarian retailers

“Allowing small Hungarian retail shops to be open [on Sundays] has, no doubt, clear economic advantages,” Deputy Speaker of the...

Food

Research: Xenophobia at a record high in Hungary

According to a study by research firm Tárki that was released yesterday, 46% of the Hungarian adult population is xenophobic,...

History

Sunday closure going ahead at Lake Balaton; details of Sunday retail sales unknown

Retail shops will have to close on Sundays in the Balaton region even during the peak summer season, the Minister...

Competition

PM: Gov’t to extend regulatory reforms to brokerages

Hungaryʼs government plans to extend regulatory reforms within the financial sector to brokerages, Prime Minister Viktor Orbán said in an...

Telco

Alteo acquires Sinergy from RWE-EnBW-owned peers

Hungarian energy services provider Alteo yesterday said it had acquired Sinergy from the local units of Germanyʼs RWE-EnBW for an...

Telco

Budapest Bank pays out HUF 59 bln in borrowers relief rebates

Budapest Bank settled a combined HUF 59 bln in rebates with its clients by the deadline stipulated in the borrowers...

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...