Hungary AM

Conferences

Hungarian official discusses EU energy union

The most important issue concerning Hungary on the matter of energy union in Europe is the creation of necessary infrastructure,...

Analysis

Community forums about Paks upgrade begin

The first of a series of forums involving 41 communities on the upgrade of the Paks nuclear power plant was...

Visits

Orbán meets Bell officially

Hungary’s Prime Minister Viktor Orbán late yesterday officially met U.S. Ambassador for Hungary Colleen Bell (pictured) two months after her...

Food

Chocolate bunny sales jumped roughly 12% last year

Sales of Easter-themed sweets jumped by 12% to HUF 4 bln, which represents a 6% increase in volume, up to...

MNB

MNB launches Funding for Growth Scheme spin-off

The National Bank of Hungary yesterday officially launched the spin-off of its Funding for Growth Scheme (FGS) that targets companies...

Szijjártó: EU must take leading role in Africa

European Union foreign ministers agreed at a meeting yesterday that the blocʼs political and economic cooperation with Africa is of...

History

Hungarian exhibitors show at ProWein

Some 30 exhibitors are showing at the 260 sqm Hungarian national stand, which was set up with the cooperation of...

Competition

Bill lays legal groundwork for utilities to leave regulated market

Proposed legislation submitted by ruling Fidesz MP György Balla to the Hungarian Parliament would establish the legal framework for utilities...

Competition

Bill would reduce mining tax on ‘unconventionalʼ hydrocarbon extraction

A bill drafted by the National Development Ministry would reduce the mining tax for hydrocarbons that can be extracted with...

Telco

FHB Q4 loss HUF 6.62 bln on rising operating costs and client restitutions

FHB Mortgage Bank posted after-tax losses of HUF 6.62 bln in the fourth quarter of last year – after posting...

Int'l Relations

Hungary and Vietnam sign tourism agreement after committee meeting

Hungary and Vietnam (pictured) signed an agreement on promoting tourism after a three-day meeting of the two countriesʼ economic committees...

Visits

More than 10,000 march against government

A crowd estimated at more than 10,000 marched peacefully from Keleti train station to Astoria to protest against the government...

Competition

Vidanet revenue rises to HUF 5.7 bln on acquisitions

Acquisitions made in 2014 gave telco Vidanet more subscribers and boosted revenue by 13% to HUF 5.7 bln, the company...

Telco

Gov’t allocates nearly HUF 8 bln for reconstruction of castle district

The government will allocate HUF 7.9 bln until the end of next year, for the refurbishment of Budapest's Castle District,...

Competition

Quaestor’s Tarsoly had joint venture with government

Csaba Tarsoly did not receive any kind of highly profitable contract from the government – the Hungarian Ministry of Foreign...

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...