Hungary AM

Int'l Relations

Official: State-owned MVM could enter Montenegrin energy market

Hungarian state-owned energy group MVM is considering entering the Montenegrin gas and electricity market as part of the privatisation process...

History

M4 work halted after EC says it suspects cartel activity

Hungaryʼs cabinet chief and development minister have ordered construction of a section of the M4 motorway halted because of suspicion...

History

Hungarian-Montenegrin Intergovernment Joint Economic Committee meets in Budapest

A meeting of the Hungarian-Montenegrin Intergovernment Joint Economic Committee took place in Budapest yesterday. Hungary seeks to strengthen its economic...

Green Energy

China New Energy to build biorefinery in Hungary

Chinese bioethanol and biobutanol projects developer China New Energy Ltd (CNE) on Tuesday said it is expecting to commence work...

History

Tarsolyʼs letter goes public

In a letter sent to Hungary’s Prime Minister Viktor Orbán, Csaba Tarsoly, CEO of bankrupt Quaestor investment house, asked for...

Int'l Relations

Hungary-Slovakia foreign ministers discuss interconnector, infrastructure cooperation

A Hungarian-Slovak gas pipeline is still in test mode, but the two countriesʼ governments are making all possible efforts to...

Visits

Orbán to hold talks in Kazakhstan

Prime Minister Viktor Orbán will hold talks in Kazakhstan on Tuesday, the prime ministerʼs press chief said. Orbán will meet...

Deals

Easter holiday set to lift retail sales HUF 60 bln

Retail sales in the run-up to the Easter holiday are expected to rise by about the same amount as last...

History

Rogán: PM sends letter to Tarsoly

According to ruling Fidesz caucus leader Antal Rogán, Hungaryʼs Prime Minister Viktor Orbán has sent a letter of two sentences...

Awards

Greek footballers injured in fatal crash

Three football players on the Greek national team were injured in a car accident that caused a fatality early yesterday...

Energy Trade

WIS Holding inaugurates sawmill

Hungary-based real estate developer WIS Holding inaugurated a sawmill supported with a HUF 981 mln state and European Union grant...

Competition

Varga holds talks with Chinese tourism agency chief

Hungary’s economy minister Mihály Varga held negotiations with China National Tourism Administration chief Li Jinzao during a tourism conference in...

Int'l Relations

Foreign minister extends term of commissioner for tasks related to Russian embargo

Foreign minister Péter Szijjártó has extended the term of Gyula Budai as ministerial commissioner for measures related to the Russian...

Telco

CIB Group 2014 losses drop despite provisioning for refunds

CIB Group, the Hungarian unit of Italyʼs Intesa Sanpaolo banking group, had after-tax losses of HUF 104.1 bln in 2014,...

Automotive

Exports to China, US to boost output of Kecskemét Mercedes plant further

The Mercedes-Benz plant at Kecskemét, central Hungary, will raise its output further this year, mainly thanks to increasing exports to...

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...