MTI

Innovation

Minister Points to Need for Promoting Use of AI Among Businesses

National Economy Minister Márton Nagy said the government needed to encourage businesses to use artificial intelligence as part of its...

Government

Floods – Orbán Postpones All Int’l Obligations

Prime Minister Viktor Orbán said on Monday that he has postponed all of his international obligations due to the extreme...

Residential

Home Rental Rates in Hungary Rise 9.9% in August

Home rental rates in Hungary rose 9.9% year-on-year in August, data compiled by the Central Statistical Office (KSH) from listings...

Issues

Majority of District VI Residents Vote for Homestay Ban

Around 54% of the residents of Budapest's District VI, in the city center, have voted for a homestay ban in...

In Hungary

2024 National Gallop to Feature Int’l Police Horse Race

This year's National Gallop, an annual celebration of Hungary's equestrian heritage, will feature an international race of mounted police officers...

Weather

Karácsony: Budapest Companies, Institutions Ready to Protect Capital From Flood

The Budapest city council's companies and institutions are well-prepared for flood protection work and to protect the capital, Mayor Gergely...

Weather

3rd-degree Flood Alert Issued for Budapest

The mayor of Budapest has issued a third-degree flood alert along all flood protection sections of the River Danube in...

Deals

Hungary to Acquire Controlling Stake in GySEV

The state of Hungary could acquire Austrian construction company Strabag's stake in GySEV, giving it a majority holding in the...

Government

Hungarian Economy on ‘Cusp of Recovery’, Orbán Says

Hungary's economy has moved past a "very difficult period" and is "on the cusp of recovery", Prime Minister Viktor Orbán...

EU

CJEU Rules Hungary Price Caps on Staples Violated EU Law

The Court of Justice of the European Union (CJEU) said that price caps Hungary's government earlier mandated for staples such...

EU

Gulyás: Hungary to Seek Compensation for Border Protection Costs From EU

The Hungarian government will request that the European Union compensate the country for costs incurred in protecting the bloc's external...

EU

Bóka: Competitive EU Impossible Without Competitive Member States

A competitive European Union is impossible to bring about without competitive member states, the minister for EU affairs told an...

Energy

Energy Affairs Ministry Announces Hydrocarbon Concessions Tenders

Hungary's Energy Affairs Ministry on Wednesday announced tenders for hydrocarbon concessions in eight areas, according to a report by state...

Construction

Évosz Advocates Allowing Use of Pension Savings for Home Purchase, Renovation

The National Federation of Hungarian Building Contractors (Évosz) said it advocated allowing Hungarians to use their savings in voluntary pension...

EU

All Conditions in Place for Successful Econfin Meeting – Varga

All conditions are in place for a successful informal meeting of European Union economy and finance ministers in Budapest on...

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...