Hungary AM

Telco

Graphisoft Park shareholders agree to HUF 60-per-share dividend

Shareholders of Graphisoft Park, which operates a business park in northern Budapest, decided at an annual general meeting yesterday that...

Telco

Tetra Pak Hungary 2014/15 revenue just shy of HUF 40 bln

The Hungarian unit of Swedish packaging firm Tetra Pak reported revenue of just under HUF 39.8 bln in the 2014/15...

Telco

Government orders audit of local councils

The government has requested the State Audit Agency to investigate local governments that invested in the three Hungarian brokerages that...

Telco

Danubius shareholders vote to pay no dividend

Shareholders of Danubius Hotels decided at an annual general meeting yesterday that the company would pay no dividend on last...

Awards

Anti-corruption website launches whistleblower support service

MagyarLeaks anti-corruption website operator atlatszo.hu launched the whistleblower protection service beved.hu in cooperation with Átlátszónet Alapítvány, K-Monitor and Transparency International....

Telco

Twenty-four municipalities lost HUF 10.8 bln in Quaestor case

Twenty-four municipalities lost HUF 10.8 bln after independent broker Quaestor owned by Fidesz-friendly serial entrepreneur Csaba Tarsoly went bankrupt –...

Issues

Top advertisement tax bracket to be set at 5.3%

Cabinet chief János Lázár confirmed yesterday at a press conference that a new bill will be submitted in April to...

Banking

Lázár: Telecom sector tax remains; bank levy will gradually decrease from 2016

The government has no intention of eliminating the telecom tax, János Lázár told journalists at a press conference yesterday....

Ratings

Hungary’s junk rating may remain unchanged

In its latest sovereign outlook report, Moody’s Investor Services confirmed the Central and Eastern European region’s stable outlook, which would...

Tourism

Two-thirds of Paks construction could be allocated to local contractors

It is estimated that roughly two-thirds of the construction work required for the upgrade of Hungaryʼs Paks nuclear power plant...

Telco

Government clears 15% PIT rate for 2016

Hungaryʼs government has approved proposals to reduce the personal income tax rate from 16% to 15% next year, National Economy...

Ecosystem

HUF 100 mln allocated to battle brain drain

The National Economy Ministry has launched a program to entice young Hungarians working abroad to return home, where their skills...

Energy Trade

Visiting minister anticipates Azeri gas to reach Europe within a year

Azeri gas is likely to be on the European market within a year, Azeri Minister of Economy and Industry Shahin...

Int'l Relations

Hungary to open several trading houses next door

Hungary plans to open 22 trading houses in neighboring countries next month, state secretary of the Ministry of Foreign Affairs...

Hungarian car manufacturers look to boost business

The auto manufacturing business in Hungary may be booming, but there is reason to be concerned about the shortage of...

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...