Hungary AM

Debt

Hungary to extend forint-denominated yield curve

Hungary will launch a new, forint-denominated 2031-dated government bond at an auction on Thursday with an annual coupon of 3.25%,...

Pharma

Sherbiny Holdings opens European center in Hungary

Saudi Arabiaʼs Sherbiny Holdings yesterday wound up an engineering service center in Gödöllő, on the oustkirts of Budapest, in the...

Telco

German fan manufacturer to invest €4.5 mln at Hungary unit

Papst Hungary, a unit of German fan manufacturer EBM-Papst is to increase capacity through investment of €4.5 mln in Vecsés,...

Banking

Official: Broader job preservation tax benefits could save farmers HUF 6 bln

Broadening eligibility for agriculture sector job preservation tax benefits to Hungarians between 25 and 55 years of age could save...

Telco

Government could allow more companies to file simplified annual reports

The government could change accounting regulations to allow nearly all Hungarian companies to file simplified annual reports, draft legislation posted...

Energy Trade

Hungarian-Russian joint economic committee meets

Minister of Foreign Affairs and Trade Péter Szijjártó participated at a meeting of the Hungarian-Russian joint economic committee in Kazan,...

Deals

Beva to compensate Quaestor clients for unsanctioned bonds

Hungaryʼs Investor Protection Fund (Beva) on Friday said it will compensate clients of troubled brokerage Quaestor for unsanctioned bonds. The...

Telco

National mobile payment system turnover jumps 7%

Turnover of Hungaryʼs recently introduced national mobile payment system reached HUF 2.9 bln in Q1 this year, increasing by 7%...

Ministry, association discuss Quaestor

Hungary’s National Economy Minister Mihály Varga and the head of the Hungarian Banking Association Mihály Patai started negotiating on amendments...

Banking

Government mulls lower VAT for some products

The Hungarian government is considering products for which it could reduce the VAT rate, National Economy Minister Mihály Varga said...

Recycling

Radioactive waste manager dismisses speculation on cost of disposal facility

Hungaryʼs state-owned company for managing radioactive waste, RHK, on Friday dismissed speculation in a report in daily Népszabadság a day...

Elections

Jobbikʼs candidate leads by-elections with 93% of vote counted

With a low turnout, after 99.13% of the votes were counted in the by-elections of Tapolca yesterday, the candidate of...

Telco

Granit Bank’s assets climb to HUF 142 bln

Gránit Bank, established nearly five years ago by construction industry magnate Sándor Demján to help troubled Hungarian SMEs, ended 2014...

Deals

M4 motorway project to be put on hold

The Hungarian government has decided that it will stop construction of the M4 motorway, cabinet chief János Lázár said at...

EU

Government backs proposal to raise Beva investor coverage

The government said it would support a proposal by the National Bank of Hungary (MNB) to raise the insured threshold...

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...