Hungary AM

Sights

MUT: Museum quarter project is a failure

The museum quarter project (“Liget”) planned for Budapest’s city park (Városliget) is a failure, Magyar Urbanisztikai Társaság (MUT), known in...

Analysis

Analysts: 2016 budget ‘realistic’

Analysts surveyed by MTI said they believe that the 2016 central budget presented yesterday is mostly realistic, napi.hu reported. The...

Telco

Motorway between Miskolc and Kosice to be completed by 2019

A motorway connecting Miskolc, in northeast Hungary, with Kosice, in Slovakia, is expected to be completed by 2018-2019, Prime Minister...

Deals

MNB: Kun-Mediator losses valued at several billion forints

Approximately 700 investors are believed to have lost several billion forints invested through Kun-Mediator, which promised interest despite having no...

Telco

Varga: Cut personal income tax to 15% in 2016

Hungaryʼs National Economy Ministry proposed at a press conference yesterday that the personal income tax rate be lowered to 15%...

History

Euratom signs off on Hungaryʼs changes to Paks pact

The Euratom Supply Agency (ESA) signed a contract on the supply of fuel from Russia for the new reactors to...

MNB

MNB revokes Hungária broker license

The National Bank of Hungary (MNB) said yesterday that it had revoked the operating license of broker Hungária and initiated...

Telco

ANY shareholders agree to HUF 73-per-share dividend

Shareholders of security printing company ANY approved a proposal to pay a HUF 73-per-share dividend on 2014 earnings at an...

Competition

ECB notes Hungaryʼs conduct in consultations

In its 2014 annual report, the European Central Bank (ECB) yesterday noted the Hungarian governmentʼs conduct during consultations, and aired...

Recycling

Lázár: EC approved Paks fuel supply contract

The European Commission has approved Hungaryʼs contract with Russia regarding the delivery of fuel during the upgraded Hungary’s sole nuclear...

EU

Government against Gyurcsány’s firm monitoring development policy

Nándor Csepreghy, deputy state secretary at the Prime Ministerʼs Office, said on Sunday that he had asked the European Commission...

Analysis

MNB expected to reduce base rate to below 1.5%

Hungaryʼs central bank is set to continue its recently re-launched easing cycle with a 15 bp cut this week and...

Deals

Police raid home of Kun-Mediator managing director

Police raided the home of the managing director of Kun-Mediator in Karcag, eastern Hungary, late Sunday and seized 800 contracts,...

History

Former U.S. ambassador shares details about Hungary’s crony capitalism

Speaking to a retirement club in Connecticut, former U.S. ambassador to Hungary April H. Foley told her audience that Gazprom...

Telco

Hospital debt reaches new highs, supplier payments suspended

The accumulated debt of Hungarian hospitals reached HUF 83 bln in March, napi.hu reported yesterday. According to data published by...

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...