MTI

EU

Orbán: Decline of European Competitiveness ‘Serious Challenge’

Prime Minister Viktor Orbán said the deterioration of Europe's competitiveness was a "serious challenge" and Hungary's presidency of the Council...

Banking

InvestEU Guarantees to Mobilize Close to HUF 600 bln of SME Credit

European Union credit guarantees in the framework of the InvestEU programme will pave the way for outlays of close to...

Innovation

Media Authority: 2024 Defining Year for Regulating AI

The year 2024 will be defining for regulating artificial intelligence, the head of the National Media and Infocommunications Authority (NMHH)...

Hotels

Professional Associations Oppose Total Homestay Ban

Some 26 professional organisations have published their position against a full out ban on short-term rentals in the capital in...

EU

Overpricing in EU-funded Projects to Assist Deprived Uncovered

Hungary's Integrity Authority on Monday announced the close of a probe in which it uncovered "extreme" overpricing in two European...

Int'l Relations

Szijjártó: ‘We Have Again Completed a Successful Evacuation Operation’

Hungary has successfully concluded an evacuation operation with the help of its Slovak friends, the Minister of Foreign Affairs and...

Politics

Magyar Calls for Boycott of ‘Propaganda Media’s Products’

The leader of Hungary's opposition Tisza Party called for "a boycott of the propaganda media's products" at a demonstration held...

Energy Trade

September Fuel Prices Under Regional Average

Prices at the pump in Hungary were under the average in neighboring countries in the month of September, data compiled...

Art

Hungary Runner-up to London as European Film Production Base

Hungary has become the second most important center of film production in Europe after London, Csaba Káel, the government commissioner...

World

Foreign Ministry Calling on Hungarian Citizens to Leave Lebanon

The Ministry of Foreign Affairs and Trade is calling on Hungarian citizens to leave Lebanon in the current war situation,...

EU

Magyar Calls for EU Help to Assuage High Food, Energy Prices

The leader of Hungary's opposition Tisza Party has called on the European Union to provide "direction and assistance" in connection...

EU

EC Sues Hungary Over Sovereignty Protection Law

The European Commission said on Thursday that it has referred Hungary to the Court of Justice of the European Union...

Deals

Watchdog Clears Mevinvest Buyout Offer for Akko Invest

The National Bank of Hungary (MNB) has approved a buyout offer by Mevinvest for the shares of Akko Invest, real...

Int'l Relations

Hungary Grants Emergency Aid for Internally Displaced People in Lebanon

The government is providing EUR 100,000 in emergency aid through the Hungary Helps humanitarian program for helping internally displaced people...

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...