Hungary AM

Competition

Arab Business Club magazine features Hungary

The Arab Business Club, a private investment promotion organisation based in Dubai, is dedicating the June issue of its monthly...

Visits

LMP bill could freeze officialsʼ bank accounts

Hungary’s green party, LMP (Politics can be different), says it will propose a bill today that would freeze the bank...

Sights

DK would restrict Sunday hunting

In measure to mock the recently introduced Sunday closures law, which restricts retailers from opening on Sundays, opposition Democratic Coalition...

Telco

Dreher winds up warehouse investment

Hungarian beer-maker Dreher Breweries, a unit of SABMiller, inaugurated new warehouse space worth HUF 447 mln at its base in...

EU

Lázár: EC could approve Paks fuel supply agreement in two weeks

Cabinet chief János Lázár said yesterday that the European Commission could clear an agreement between Hungary and Russia on fuel...

MNB

OTP Bank Russia sells RUB 17 bln in bad loans

The Russian unit of Hungaryʼs OTP Bank has sold approximately RUB 17 bln of its bad loans to factors in...

EU

EC initiates infringement procedure against Hungary

The European Commission said yesterday that it had launched an infringement procedure against Hungary to investigate the countryʼs investor restrictions...

Sights

Raiffeisen Bank books HUF 115 bln loss in 2014

Raiffeisen Bank in Hungary booked a HUF 114.7 bln loss last year, after closing 2013 HUF 31.2 bln in the...

Issues

Appeals court rejects FHB Mortgage Bank contract defense

The Budapest Municipal Court of Appeals yesterday upheld a first-instance ruling rejecting a contract defense by FHB Mortgage Bank. The...

Recycling

Government seeks alternative to M4 motorway project

Following the European Commission’s rejection of Hungaryʼs proposal for the M4 motorway, the government is currently devising a plan to...

Drinks

Erste fund buys remainder of Budapest office complex

The Erste Real Estate Fund has bought the rest of Vision Towers, an office block in Budapest, from developer Futureal,...

Analysis

GfK: Consumer confidence up in Q1

GfK Hungáriaʼs consumer confidence index rose approximately one point to 164.8 in Q1 from the previous quarter, up due to...

Telco

Insurersʼ profits up by just over 11%

Profits of Hungarian insurance companies rose 11.6% to HUF 30.7 bln last year, but were still just half pre-crisis levels,...

MNB

Pénzügykutató projects 2.4% GDP growth for 2015

Pénzügykutató expects Hungaryʼs GDP growth rate to fall to 2.4% this year as investments slow, the economic research company said...

Banking

Economy ministry exploring effects of VAT reduction

The Economics Ministry is looking into the potential fiscal and economic effects of a VAT rate reduction but reducing 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...