Hungary AM

Sights

Hungarian consumer electronics franchise has ambitious plans for growth

Electric World Hungary Kft. has its sights set on expansion in Austria, Slovakia and Romania, as well as in the...

History

Lázár: We have removed obstacles from Paks fuel supply deal

All obstacles have been removed from the fuel supply agreement necessary for the planned upgrade of the Paks nuclear power...

Food

Mediterran tile makerʼs revenue increases 14%

Roof tile manufacture Mediterran Magyarországʼs revenue climbed 14% to more than HUF 7 bln last year, the company announced yesterday,...

Deals

Ministry: We did not have insider information in Quaestor case

Although a state company within the Ministry of Foreign Affairs pulled out of Quaestor just days before the investment house...

Food

MNB increases GDP growth forecast, cuts inflation projection

The National Bank of Hungary raised its forecast for 2015 GDP growth to 3.2%, the main figures of its fresh...

Telco

MNB initiates compensation of Quaestor bond holders

The National Bank of Hungary (MNB) will launch, in association with the Investment Protection Fund (Beva), the compensation of investors...

Deals

Government to upgrade Tapolca hospital

The struggling hospital in Tapolca, western Hungary, which was downsized a few years ago due to overcapacity, has now become...

Energy Trade

Hungary could become gas distribution center

Taking into account the countryʼs storage capacity, Hungary could become a regional gas distribution center with its gas supplied mainly...

Telco

MOL to lower vehicle gas, diesel prices

Hungarian oil and gas company MOL will lower its wholesale vehicle gas and diesel prices both by HUF 3 per...

Telco

P+P completes HUF 3 bln expansion

German-owned automotive industry supplier Poppe+Potthoff (P+P) Hungária has completed a HUF 3 bln expansion at its plant in Ajka in...

Tourism

Number of registered sole proprietorships on the rise

The number of registered businesses in Hungary rose by 1% to 1,845,436 last year due to an increase in the...

EU

Lázár to meet EU energy commissioner regarding Paks upgrade

Cabinet Chief János Lázár will meet with European Union Commissioner for Energy and Climate Action Miguel Arias Canete today in...

Deals

Smartwings to launch seven new routes from Hungary

Czech airline Smartwings is set to launch seven new flights from Hungary this summer, Airline Route announced yesterday, according to...

Telco

Public assets may have been lost in Quaestor scandal

Companies supervised by the Ministry of Foreign Affairs were Quaestor clients, and the ministry has not denied that Magyar Nemzeti...

Initiatives

More than 30% of senior positions cut at MKB Bank

The restructuring of MKB Bank by the National Bank of Hungary (MNB) will continue with the elimination of 35 senior...

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...