Hungary AM

Telco

MÁV revenue reaches HUF 140 bln in 2014

State-owned railway company MAVʼs consolidated revenue rose to HUF 140 bln last year, up from the HUF 135 bln reported...

Initiatives

Government revamps education system to accommodate labor market

Hungaryʼs state secretary for workforce training yesterday announced the revisions the government will make to the education system in order...

Telco

EC allocates €160 mln for hospital developments in Hungary

The European Commission has earmarked more than €160 mln for the development of Hungarian hospitals in Hungary, Hungarian news agency...

Deals

MVM to become sole proprietor of Paks, Vértesi power plants

The state-owned Hungarian Electricity Works (MVM) will buy all shares in the Paks nuclear power plant and the Vértesi power...

History

Alleged ISIS hacker attacks Hungarian websites

An alleged Islamic State hacker carried out a series of cyber attacks against various Hungarian websites, Magyar Telekom group’s news...

Competition

Police: Misconduct at pawnbroker generates losses of over HUF 4 bln

The owner of the Lombard Kézizálog Zrt. admitted to misconduct, index.hu and other news portals reported yesterday afternoon. Speaking at...

Competition

OTP private banker misappropriates HUF 1 bln from his clients

OTP’s private banker (referred to by online news portal index.hu as K. Zsolt) has misappropriated approximately HUF 1 bln from...

Food

Goldman Sachs: MNB could cut back on its aggressive easing tactics

Investment banking firm Goldman Sachs said yesterday it is not convinced that Hungaryʼs central bank will slash the interest rate...

Food

Russian food watchdog to scrutinize Hungarian meat processors

Russiaʼs plant and animal health authority, Rosselkhoznadzor, has agreed with its Hungarian counterpart on the details of reviews local meat...

MNB

Banks disburse HUF 513 bln in loans through Funding for Growth Scheme

Net of repayments, banks disbursed HUF 512.5 bln in loans as of April 3 to small- and medium-size enterprises (SMEs)...

Int'l Relations

Budapest hosts talks on regional energy security

Cooperation between central and southeast European nations will increase energy security and the competitiveness of all involved, Hungaryʼs foreign minister...

Initiatives

Government signs agreement with Japanese auto industry supplier

The Hungarian government yesterday signed a strategic cooperation agreement with Japanese-owned manufacturer of diesel particulate filters, Ibiden Hungary, according to...

MNB

MNB to create Chinese bond portfolio

The National Bank of Hungary said yesterday that it intends to build a small Chinese bond portfolio "for economic policy...

Issues

Appeals court rejects CIB, FHB contract defense

The Budapest Municipal Court of Appeals yesterday upheld two first-instance rulings rejecting a contract defense by both CIB Leasing and...

Tourism

Survey: Only Fidesz voters remain optimistic

More than half of Hungarians are pessimistic about the outlook of the country, a survey published yesterday by research institute...

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...