MTI

Analysis

FinMin: IMF Puts Hungarian Economy at Forefront in EU in 2025

The International Monetary Fund (IMF) forecasts the Hungarian economy will be a frontrunner in the European Union next year, the...

City

Karácsony: Budapest Olympics Plan Should Involve Urban Development

Budapest's concept for hosting the Olympics in the future should come with "historic" levels of urban development instead of just...

Ratings

Fitch Points to Policy ‘Trade-offs’ in Hungarian Stimulus Plan

Rating agency Fitch said an economic action plan recently unveiled by Hungary's government contained policy compromises between economic growth and...

Environment

Hun-Ren: Hungary’s Natural Waters Warming Faster Since Mid-80s

Hungary's natural waters have been warming six times faster since the mid-1980s than in the preceding period dating from 1870,...

EU

Karácsony: EU Cities Call for Direct Access to EU Funds

There is a consensus among European city leaders that cities should have more direct access to EU resources, Budapest Mayor...

Government

Orbán Claims Brussels Wants to Plant ‘Puppet Government’ in Hungary

Brussels wants to oust Hungary's national government, which pursues an independent policy they find intolerable, and install a puppet government...

EU

Hungarian Farm Groups Slam CAP Report

A report by the European Commission on dialogue concerning the future of the European Union's Common Agricultural Policy (CAP) is...

Government

Gov’t Launches Public Consultation on Draft Short-term Rentals Regulation

The National Economy Ministry announced the launch of a public consultation on draft legislation on short-term rentals on Monday, according...

Business

Tourism a ‘Central Element’ of Economic Policy – State Sec

Tourism is a "central element" of the government's economic policy, Máté Lóga, the state secretary for economic strategy at the...

EU

Hungary Celebrates EU Accession Anniversary

The government has launched a series of events titled "1,100 years in Europe, 20 years in the European Union" with...

Trade

Demján Sándor Program to Support Exporting SMEs

The Demján Sándor program will support small and medium-sized enterprises and the growth of exporting companies, Richárd Szabados, the state...

Government

State Secretary Potápi Dies Aged 57

Árpád János Potápi, the state secretary in charge of policies for Hungarian communities abroad, has died unexpectedly at the age...

Green Energy

Energy Ministry Drafts Legislation to Expedite Green Transition

The Energy Ministry published draft legislation on Wednesday that aims to promote the green transition, according to a report by...

Deals

MOL Group, TPAO Sign MoU on Strategic Partnership

Hungary's MOL Group and the Turkish Petroleum Corporation (TPAO) have signed a memorandum of understanding on a strategic partnership in...

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...