Hungary AM

Sights

AsiaCenter not affected by Sunday closure law

The AsiaCenter, located in the capital’s District XV will remain open seven days of the week despite legislation which comes...

Lázár queried about national utilities provider

In response to an interpellation by an opposition MP, Cabinet Chief János Lázár revealed information about Hungary’s First National Utilities...

History

PM’s son-in-law’s company investigated by police

Hungarian Prime Minister Viktor Orbán’s son-in-law’s company Elios Innovatív Zrt. is currently under investigation by the Hungarian National Police (ORFK)...

Telco

Bosch launches HUF 2.2 bln investment at hand tool plant in Hungary

German engineering giant Bosch launched a HUF 2.2 bln development at its hand tool plant in Miskolc (northeastern Hungary) late...

Competition

SIA and Colt to connect Hungarian KELER to TARGET2-Securities

SIA, in partnership with Colt, has been awarded the contract to connect Hungarian central securities depository and clearing house KELER...

Telco

Danubius Hotels targets 30% revenue rise in Romania

Hungary's Danubius Hotels Group is seeking a 30% revenue rise from its business in Romania this year, the company said...

History

Skoda JS wins €36 mln Paks safety system upgrade

The Czech company Skoda JS won a CZK 1 bln (€36.4 mln) contract to upgrade the safety system of the...

Telco

Hungarian company develops product ID technology

Hungary's Vasbeta, based in Miskolc in northeastern Hungary, presented a product identification technology it has developed in Budapest yesterday....

Pharma

Japanese automotive industry company plans €50 mln investment in Hungary

A Japanese automotive industry company plans to invest €50 mln in Hungary in the near future, state secretary for economic...

Interview

Russia could soften food embargo for Hungary and Greece

Russia is reportedly seeking to explore ways of softening the embargo against food from Hungary and Greece, to be consistent...

Retail

Magyar Posta strengthens position on express, package delivery market

Hungarian state-owned postal company Magyar Posta yesterday said it was able to strengthen its position in the local express and...

History

Two impromptu demos held

Two impromptu demonstrations were held yesterday at Astoria in Pest and the BAH Csomópont overpass in Buda, in a traffic...

Initiatives

Opel’s expansion receives state subsidy

The Hungarian unit of U.S.-owned carmaker Opel is supported with a HUF 154 mln state subsidy for the establishment of...

Telco

MOL to raise vehicle fuel prices

Hungarian oil and gas company MOL is scheduled to raise its wholesale vehicle fuel prices by from Wednesday, industry insiders...

Awards

MNB revokes DRB Bank group members’ licences

The National Bank of Hungary (MNB) has revoked the operating licences of members of the DRB Bank group, paving 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...