MTI

Banking

K&H Bank After-Tax Profit Climbs 20% in H1

K&H Bank, the local unit of Belgium's KBC, posted an after-tax profit of HUF 66.9 bln in the first half...

Art

Hungarian Film Inspired by Kabul Evacuation Starts Shooting

A film about Hungarian soldiers' participation in the 2021 evacuation of Kabul has started shooting, according to a report by...

Transport

LMP Launches Petition Calling For Transport Minister Lázár’s Resignation

Opposition LMP on Monday said it has launched a petition calling for the resignation of János Lázár, the construction and...

Energy Trade

MOL Reaches Agreements Securing Druzhba Crude Deliveries

Hungarian oil and gas company MOL on Monday announced that it concluded agreements to secure the continuous transport of crude...

Innovation

AI Plays ‘Key Role’ in Development Policy Decisions – Minister

Artificial intelligence plays a "key role" in development policy decisions, Public Administration and Regional Development Minister Tibor Navracsics said at...

Awards

Opus Jazz Club Gets Prestigious European Award

The Opus Jazz Club operating the building of the Budapest Music Centre (BMC) has been granted the prestigious professional Award...

Figures

Hungarian Fuel Prices Favourable, Says Ministry

Gasoline prices at the pump in Hungary were under the average in neighboring countries in the month of August, data...

Science

PTE Warns Against Using Online Diabetes Products for Slimming

Antidiabetic drugs purchased online and taken with the aim of losing weight could pose serious health risks, researchers at Pecs...

Int'l Relations

Fugitive Inmate to be Extradited to Canada

An Algerian-Hungarian-Canadian national detained at Ferenc LIszt International Airport on Tuesday has been placed in "provisional arrest with a view...

Government

Gov’t to Raise Pensions in January, Says Varga

The budget working group has discussed next year's pensions, pensions will be raised in January and an annual bonus equivalent...

Business

Lidl Lays Down Cornerstone for HUF 50 bln Logistics Base

German-owned discount chain Lidl Magyarország laid the cornerstone for a HUF 50 billion logistics base in Kiskunfélegyháza on Wednesday, news...

Budapest

Fugitive From Canadian Prison Arrested at Ferenc Liszt Int’l

An Algerian-Hungarian-Canadian national, on the run after escaping a Canadian prison where he was serving a sentence for murder, was...

Automotive

BMW to Build Corporation’s Largest Solar Plant in Hungary

German car manufacturing giant BMW's solar plant under construction in Debrecen, in eastern Hungary, will be the largest in Hungary...

EU

Bóka: EU Presidency Aims to Draft Competitiveness Agreement

The Hungarian European Union presidency aims to outline a new European competitiveness agreement by the time of the informal meeting...

Economy

Summer Food Inspection Campaign Successful – Ministry

The summer seasonal food inspection campaign concluded successfully, according to a summary released by the Ministry of Agriculture (AM) 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...