MTI

Crops

Farmers Press for Continuation of Area-based Subsidies

The head of the National Agriculture Chamber (NAK) said area-based European Union subsidies were necessary for farmers to rent their...

Banking

Erste Bank Hungary After-tax Profit Reaches HUF 113 bln in Q1-Q3

After-tax profit of Austrian-owned Erste Bank Hungary reached HUF 113 bln in Q1-Q3, climbing from HUF 90 bln in the...

Construction

Construction Industry Ready to Play ‘Active Role’ in Stimulus Plan

Hungary's construction industry can play an "active role" in the implementation of government measures to boost economic growth, industry association...

Trade

Hungary Farm Exports See Strong Growth in H1

The Hungarian government's agricultural and food industry reforms boosted farm export growth by 6.4% in the first half of the...

Energy Trade

Hungary Gas Reserves Above Early Nov Target Level

Gas volume in Hungary's storage facilities is above the target level of 90%, the energy ministry said on Friday, according...

Automotive

Car Buyers to Lose Most From Punitive Tariffs on Chinese EVs – HIPA

Car buyers "stand to lose the most" as a result of the European Union's punitive tariffs on Chinese electric vehicles,...

Government

FinMin Submits Tax Bill to Lawmakers

A tax bill submitted by the Finance Ministry to parliament on Wednesday would double tax preferences for families with children,...

Residential

Szentkirályi Calls for ‘Real Solutions’ to Housing Crisis

Budapest needs "real measures rather than political performances" to resolve its housing crisis, the head of the Fidesz-Christian Democrat group...

HR

Gulyás: Workers Between 17-25 Eligible for Blue-collar Credit

Blue-collar Hungarian workers between the ages of 17 and 25 will be eligible to borrow up to HUF 4 million,...

HR

Labor Market Remains Tight – State Secretary

Hungary's labor market remains tight, the state secretary for employment at the National Economy Ministry said on public television on...

Figures

Public Procurement Contract Value Climbs 46% in Q1-Q3

The value of public procurements in Hungary climbed 46% to nearly HUF 2.826 tln in the first nine months of...

Manufacturing

Magnus Aircraft to Open Showroom in Wuxi

Hungary's Magnus Aircraft is to open a showroom in Wuxi, near Shanghai in eastern China, on November 11, the company...

Automotive

EVE Power Battery Plant IPPC Permit Submitted

China's EVE Power has submitted the application for an Integrated Pollution Prevention and Control (IPPC) permit for a battery plant...

MNB

Maintaining Banks’ Strong Capital Position ‘Pivotal’ – MNB

The National Bank of Hungary (NBH) acknowledged a reduction in overheating risks, in spite of the gradual lending recovery, but...

Int'l Relations

No Hungarian Casualties Reported in Krakow Shooting, Ministry Says

Hungary’s Foreign Ministry said Saturday evening that it had no information indicating any Hungarians were among the casualties of a...

Banking

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

Domestic

Hungary Seizes HUF 1.5 bln in Pandemic Equipment Money Laundering Probe

Suspects were detained and HUF 1.5 bln in assets seized in raids targeting an alleged money laundering ring linked to...

Retail

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

No Hungarian Casualties Reported in Krakow Shooting, Ministry Says

Hungary’s Foreign Ministry said Saturday evening that it had no information indicating any Hungarians were among the casualties of a...

Budapest and UNICEF Hungary Partner to Involve Young People in Climate Planning

Budapest and UNICEF Hungary have signed a cooperation agreement to involve young people in urban sustainability planning. The new Cities...

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

MOL Gets U.S. Clearance for Preparatory Steps in NIS Acquisition

MOL has received a U.S. sanctions license authorizing certain preparatory transactions related to its potential acquisition of a stake in...

Magyar Telekom Q3 Profit Rises 7.5% as Revenue Grows

Magyar Telekom’s Q3 net income rose 7.5% year-on-year to HUF 59.5 bln, supported by similar revenue growth. The company reaffirmed...

Hungary Makes Christmas Eve a Public Holiday Starting in 2026

December 24 will become a public holiday in Hungary starting this year after Parliament unanimously approved a bill submitted by...

Parliament Elects Péter Fejes as Hungary’s Chief Public Prosecutor

Parliament elected Péter Fejes as Hungary's chief public prosecutor Tuesday, approving President András Baka's nominee with 139 votes in favor...

More Than 200 WWII Explosives Found at Budapest Construction Site

Bomb disposal specialists recovered more than 200 World War II explosive devices and fragments at a construction site on Üllői...

Hungary Considers Eurovision Return in 2027

Hungary is considering a return to the Eurovision Song Contest in 2027 after last competing in 2019. Public media said...

EP Vice President Welcomes Hungary’s Reforms, Says Concerns Remain

European Parliament Vice President Sophie Wilmès welcomed changes under way in Hungary since the April election, describing reforms as encouraging...

Hungary Proposes 15% Corporate Tax Rate for Large Companies

The government has submitted a bill that would raise Hungary's corporate tax rate from 9% to 15% for companies with...

Hungary Seizes HUF 1.5 bln in Pandemic Equipment Money Laundering Probe

Suspects were detained and HUF 1.5 bln in assets seized in raids targeting an alleged money laundering ring linked to...

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Hungarian Banks Seek Gradual Reduction in 45% Effective Tax Burden

Hungarian banks hope for a “slow but certain” reduction in their tax burden, Hungarian Banking Association President Radovan Jelasity said...