Hungary AM

Initiatives

MTA: Hungarian shale gas reserves may stay underground

Although unconventional natural gas reserves are six times larger than conventional gas reserves, geological circumstances would make their exploitation costly...

Issues

Csányi: Top-up fund favors Quaestor clients

Recently approved legislation to set up a top-up fund to compensate clients of failed brokerage firm Quaestor may not pass...

Telco

MNB revokes Quaestor license, facilitates client compensation

The National Bank of Hungary (MNB) said on Friday that it had revoked the license of brokerage Quaestor and ordered...

Recycling

Hungary’s superlaser begins planning of new center

Hungaryʼs superlaser center ELI-ALPs signed contracts on the planning and construction of four secondary source beam lines on Friday, ELI-HU...

Competition

NAV may mandate installation of 70,000 more electronic tills

An increase in the types of local businesses obliged to use tills directly connected to Hungarian tax office NAV would...

Sights

U.S. accounting watchdog gains access to Hungary

The Public Company Accounting Oversight Board (PCAOB) of the United States entered a cooperative agreement with the Auditorsʼ Public Oversight...

Visits

Habony co-founds Modern Media Group

Árpád Habony and Tibor Győri registered Modern Media Group Befektetési és Vagyonkezelő Zrt. (MMG), data published in official company registry Cégközlöny reveals, news...

Competition

Hungary farm minister, U.S. ambassador discuss TTIP

Hungarian farm minister Sándor Fazekas and United States ambassador to Hungary Colleen Bell discussed the proposed Transatlantic Trade and Investment...

Energy Trade

Testing period extended on Hungary-Slovakia gas link

The testing period for the new gas pipeline connecting Hungary and Slovakia has been extended until May 31, Slovak pipeline...

Initiatives

TakarékBank total assets rise by two-thirds in 2014

Magyar Takarékszövetkezeti Bank (TakarékBank) yesterday said its total assets rose 66% to HUF 800 bln last year. TakarékBank said its...

Telco

MagNet Bank buys factoring company

MagNet Bank said yesterday it bought factoring company CE Faktor Zrt. The parties did not reveal the price of the...

Interview

Govʼt to make finance, economics obligatory subjects

The Hungarian government anticipates making basic financial and economics studies obligatory subjects for all secondary school students as of 2016,...

Social

Orbán, FINA chief sign agreement on 2017 world championships

Hungaryʼs Prime Minister Viktor Orbán and international swimming federation FINA president Julio C. Maglione yesterday signed an agreement in Lausanne,...

Telco

Investment funds assets edge down to HUF 5.591 trillion in March

Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) fell...

Sights

Companies in Szolnok industrial park to make 500 new hires

Companies operating in the Szolnok, central Hungary, industrial park are expected to add another 500 jobs on the back 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...