Hungary AM

Analysis

EC suspends some funding for Hungary over dispute

The European Commission has suspended HUF 700 bln in Hungaryʼs European Union funding after it found fault with the selection...

Telco

Herendi pays 10% dividend on HUF 768 mln profit in 2014

Hungarian porcelain maker Herendi saw its pre-tax profit rising to HUF 768 mln last year, making it able to pay...

History

Budapestʼs annual construction fair opens

The Construma 2015 construction industry trade fair opened in Budapest yesterday and is scheduled to stay open for visitors until...

Int'l Relations

MNB clears Eximbank to open office in Moscow

The National Bank of Hungary (MNB) yesterday cleared the establishment of an office of the Magyar Export-Import Bank in Moscow,...

Transport

Liszt Ferenc passenger numbers climb almost 13% in Q1

Passenger numbers at Liszt Ferenc International Airport rose 12.6% to just under 2 million in the first quarter from the...

Deals

Central banker suggests conversion of of car loans

Forex car purchase loans and personal loans should be converted into forint debt to eliminate the exchange rate risk from...

Deals

Parliament approves law on career path model for law enforcement agencies, soldiers

Parliament yesterday approved legislation introducing a "career path model" for law enforcement agencies and soldiers. Under the legislation, the pay...

Telco

Fund managers place HUF 75 bln of JEREMIE funding by end-2014

By the end of last year, fund managers had placed HUF 75 bln of the HUF 130 bln of funding...

Food

Analyst: MNB could cut base rate to 1.5%

Analysts at CIB, the Hungarian subsidiary of Italian Intesa Sanpaolo, anticipate that the National Bank of Hungary (MNB) will cut...

Retail

H&M to open new unit in Budapest

Swedish fast fashion retailer H&M is scheduled to open a store in the former Libri unit in Budapest-located Mammut II...

Transport

Wizz Air passenger numbers jump 18%

Passenger numbers of Hungarian low-cost airlines Wizz Air saw a rise of 18%, to 16.4 million, in its fiscal year...

Competition

Survey: Seven out of ten foreign companies would reinvest in Hungary

Given the choice, 71% of foreign-owned companies would reinvest in Hungary based on the current situation, a slightly lower ratio...

Analysis

IMF raises Hungary 2015 growth forecast

The International Monetary Fund raised its projection for economic growth in Hungary this year to 2.7% in its fresh World...

Crops

Cooperative inaugurates honey processing and bottling plant

The API-GAR Cooperative yesterday inaugurated a honey processing and packaging plant, completed through investment of HUF 35 mln, in Tiszafüred,...

Ministry, association continue negotiations on Quaestor

Representatives of the National Economy Ministry and the Hungarian Banking Association continued consultations on amendments affecting the development of the...

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...