Hungary AM

Analysis

Hungary and neighbors discuss reverse VAT implementation

Hungary, along with Czech Republic, Slovakia, Bulgaria and Austria, are urging joint legislation against VAT evasion, including making the use...

History

Government to limit ownership of large farmlands

The conflict between Prime Minister Viktor Orbán and media oligarch Lajos Simicska began with the revision of farmland subsidies, the...

MNB

Templeton reduces Hungarian bonds in its portfolio

Emerging Market specialist Franklin Templeton Investments has reduced its Hungarian debt exposure by HUF 432 bln, napi.hu reported yesterday....

Visits

Hungary dramatically reduces budget for official development assistance

The Ministry of Foreign Affairs substantially cut its budget for official development assistance from HUF 160 mln last year to...

Sustainability

Hungary’s manager of bad assets seeks EC, ECB approval

The Hungarian Reorganization and Receivables Management Company (MARK), established by the National Bank of Hungary (MNB) last November to buy...

Visits

Mizsetáp opens egg farm in central Hungary

Hungarian agribusiness Mizsetáp Kft. inaugurated a HUF 1.5 bln egg farm in Lajosmizse, central Hungary late last week, Hungarian news...

Telco

INA Q1 profit down 79%

Croatian oil and gas company INA, a subsidiary of Hungaryʼs MOL, had net income of HRK 50 mln (€6.6 mln)...

Recycling

Indiaʼs Motherson Sumi Systems to build plant in Hungary

Indian automotive industry supplier Motherson Sumi Systems (MSSL) announced last week that it will build a plant in Hungary to...

Analysis

METRANS to build base in Budapest

Rail cargo company METRANS Danubia, announced plans to build a logistics base in south Budapest for "several tens of millions...

Initiatives

Gov’t raises 2015 GDP growth projection to 3.1%

The Hungarian government has raised its projection for GDP growth this year from 2.5% to 3.1%, state secretary Péter Benő...

MNB

MNB publishes changes to FGS, FGS+ programs

The National Bank of Hungary (MNB) published details of changes made to its Funding for Growth Scheme (FGS) and the...

Competition

MNB takes lenders to court over unilateral changes to contracts

The National Bank of Hungary (MNB) said last Thursday that it launched court cases in the public interest against 16...

Analysis

La Libre Bélgique: Orbán moves right

Following recent losses in the by-election, particularly the latest win by the far-right Jobbik party, Fidesz leader Viktor Orbán has...

Pharma

Syngenta to open financial center in Budapest

Swiss pesticide and seed company Syngenta is planning to launch a European financial center in Budapest in July, which would...

In Hungary

BSE shareholders approve HUF 95-per-share dividend

Shareholders of the Budapest Stock Exchange (BSE) unanimously approved payment of a HUF 95-per-share dividend on last yearʼs earnings at...

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...