Hungary AM

Telco

MTel sets up JV with MET Holding to provide energy services

Magyar Telekom said yesterday that it had signed an agreement to establish a 50-50 joint venture with MET Holding to...

Issues

Former Buda-Cash CEO in pre-trial detention

The Budapest Municipal Court decided yesterday to place Péter Tölgyesi, the former chief executive of Buda-Cash, a brokerage embroiled in...

Analysis

Cable maker Fux targets sales exceeding HUF 7 bln in 2015

Hungarian cable maker Fux is targeting revenue of more than HUF 7 bln this year, approximately the same as last...

Interview

Hungary, Luxembourg sign agreement to circumvent double taxation

Hungary and Luxembourg have signed an agreement on Tuesday to avoid double taxation, the economy ministry announced. The agreement, which...

Deals

Eurowind completes HUF 275 mln project

Italian-Hungarian truck part manufacturer Eurowind has opened a HUF 275 mln new production hall at its base in Székesfehérvár in...

Analysis

Road haulage companies to pay risk deposits from March 11

Haulage companies delivering hazardous products will be required to hold risk insurance as of March 11,unless they are listed on...

Deals

Croatia, MOL to resume talks on INA

The government of Croatia and Hungary's oil and gas company MOL are set to resume talks at the end of...

Pharma

HungaroControl reveals development at Madrid expo

Hungary’s HungaroControl will be presenting its most recent developments and the services of its Center for Research, Development and Simulation...

Telco

Insurance fund to pay some DRB account holders; HUF 12.9 bln not covered

Hungary's National Deposit Insurance Fund (OBA) said yesterday that it had begun paying HUF 103 bln in compensation to approximately...

Analysis

Graphisoft Park, ÉMÁSZ to be included in BUX basket

The shares of business park operator Graphisoft Park SE and electricity distributor ÉMÁSZ will be included in the basket of...

Automotive

Audi to expand product palette in Hungary

German car manufacturer Audi will add new products at its manufacturing base in Györ in northwestern Hungary, Audi Hungária Motor...

History

RTL Klub replacing its CEO

Andreas Rudas was appointed interim CEO of TV station RTL Klub, owned by RTL Magyarország effective immediately, RTL Group announced...

History

Depreciating trend of forint against euro could resume

The forint is unlikely to remain at its relatively strong current 301-306 levels against the euro for long, Erste Bank...

Analysis

New Capital Market Act to extend the central clearing house’s role

Hungary’s central clearing house KELER Ltd. will manage individual client accounts in the future, napi.hu reported yesterday....

Food

Business on the rise for PM’s son-in-law

Elios Innovatív Energetikai Zrt. won a tender to modernize Mórahalom’s public lighting, vs.hu reported yesterday. The HUF 64 mln project...

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...