Environment

Initiatives

Fiscal Council: 2.9% deficit target possible

Hungary’s Fiscal Council said in an opinion yesterday that next year’s general government deficit target of 2.9% of GDP was...

Initiatives

Amendments to ’13 budget in parliament today

Amendments to the 2013 budget of the central government will be voted on today, with the constitutional majority held by...

Recycling

Troubled alumina maker MAL lays off 250

Hungarian alumina maker MAL is laying off about 250 people as it ceases processing its own bauxite, liquidator Judit Kemerle...

Initiatives

MBSz Chairman: FX-loan relief plan will harm forint

As the week rolls on, Hungary’s politicos and banking interests get back to work on addressing forex-based loan issues....

Initiatives

Hungary, Taiwan in sports cooperation deal

With an agreement signed yesterday in Budapest, Taiwan and Hungary will be entering into student exchange programs and joint research...

Initiatives

Takarékbank chairman: Nationalization a “fantasy”

The state will say the savings cooperative business only until the system has undergone the necessary renewal and re-capitalization, Tamás...

Initiatives

Varga: A “good starting point” to forex-loan negotiation

Negotiations between the National Economy Ministry and the Hungarian Banking Association (MBSz) over the incipient forex-based loan crisis may be...

Initiatives

Bank wars: OTSz vs. charter; Fidesz vs. forex loaners

On the day before National Association of Saving Cooperatives (OTSz) member institutions vote on whether to accept a restructuring of...

Initiatives

Bank wars: OTSz vs. charter; Fidesz vs. forex loaners

On the day before National Association of Saving Cooperatives (OTSz) member institutions vote on whether to accept a restructuring of...

Initiatives

BBJ’s stories of the week, August 3-9

It’s Friday, another ending of a news cycle – and so, before BBJ logs out seeks out some shade and/or...

Initiatives

ECB: Thumbs up for PSzÁF-MNB merger

The European Central Bank said it welcomed the integration of Hungarian financial market regulator PSzÁF into the National Bank of...

Recycling

HUF 900 million expansion complete at Bio-Fungi mushroom farm

K&H Bank representatives reported yesterday that organic white-button mushroom and compost producer Bio-Fungi has finished its HUF 900 million expansion...

Recycling

Bosch gets new HQ, strategic partnership agreement

On the same day that General Electric announced its expansion plans within Hungary, the country also celebrated the grand opening...

Initiatives

Willing to give more? Not yet

EBRD board member András Kármán sees the low revenue-generating ability of Hungarian banks as their mayor shortcoming in comparison to...

Initiatives

Demján to Orbán: Savings cooperative law must change

National Association of Savings Cooperatives (OTSz) Chairman Sándor Demján told Prime Minister Viktor Orbán in a letter on Monday that...

Pollution

Dongwha Plant’s Environmental Permit Revoked in Hungary

The environmental permit for South Korea’s Dongwha electrolyte manufacturing and NMP recycling plant in Sóskút has been revoked following an...

Environment

Hungary Introduces Water Restrictions in 629 Settlements

In response to the extreme heat and drought in Hungary, first-degree water restrictions have been introduced in 465 settlements, according...

Recycling

Alteo Starts Trial Run at New DRS Waste Processing Plant

Alteo Group will significantly increase its processing capacity for returned beverage packaging from this summer, with the launch of trial...

Environment, Business, Initiatives

BCSDH Breakfast Links Sustainability Award to Promoting Scalable Business Change

The Business Council for Sustainable Development in Hungary used its Sustainable Future Inspiration Breakfast on May 6 to shift the...

Environment

Meet the Hungarian Professor Working to Restore the Danube

Research professor Tibor Erős talks to the BBJ about his career as a biologist and ecologist, detailing his passion for...

Environment

Questions Arise About Toxic Exposure at Samsung Göd, Company Denies Media Reports

In 2023, Hungary’s government secretly ordered the Constitution Protection Office, the National Information Center, and intelligence agencies to investigate the...

Pollution

Air Quality Deteriorating in Several Parts of Hungary

A high concentration of airborne dust particles is further deteriorating air quality in several parts of Hungary, the National Public...

Initiatives

Gov’t Calls Tender to Support Creation of Wetland Habitats

The gov't is calling a HUF 12.8 billion tender to support the development of natural wetland habitats, contributing to long-term...

Dongwha Plant’s Environmental Permit Revoked in Hungary

The environmental permit for South Korea’s Dongwha electrolyte manufacturing and NMP recycling plant in Sóskút has been revoked following an...

CATL Hungary Fined HUF 10 mln Over Environmental Permit Violations

The Debrecen plant of Chinese battery maker CATL violated several provisions of its environmental use permit and was fined HUF...

Hungary Introduces Water Restrictions in 629 Settlements

In response to the extreme heat and drought in Hungary, first-degree water restrictions have been introduced in 465 settlements, according...

Hungary Reviews Battery Plants’ Emissions, Water Use and Waste Management

A nationwide inspection program covering the full operating chain of Hungary’s battery industry began Aug. 1, Minister of the Living...

Alteo Starts Trial Run at New DRS Waste Processing Plant

Alteo Group will significantly increase its processing capacity for returned beverage packaging from this summer, with the launch of trial...

Budapest Water Supply ‘Stable’ Amid Heatwave

The water supply of Budapest is "stable", the city is in a position to help out settlements around the capital...

Budapest Proposes Tiered Water‑fee System to Cut Waste

Budapest is calling for a reform of Hungary’s water-pricing system, proposing free basic household consumption and progressively higher rates for...

Hungarian Environmental Protection Authority Initiates Proceedings Against CATL

The environmental protection authority has initiated proceedings against Chinese-owned CATL as the company illegally discharged green-colored liquid from a sewer...

BCSDH Breakfast Links Sustainability Award to Promoting Scalable Business Change

The Business Council for Sustainable Development in Hungary used its Sustainable Future Inspiration Breakfast on May 6 to shift the...

Meet the Hungarian Professor Working to Restore the Danube

Research professor Tibor Erős talks to the BBJ about his career as a biologist and ecologist, detailing his passion for...

Questions Arise About Toxic Exposure at Samsung Göd, Company Denies Media Reports

In 2023, Hungary’s government secretly ordered the Constitution Protection Office, the National Information Center, and intelligence agencies to investigate the...

Hungary DRS manages More Than 3 bln Returns in 2025

Hungary's deposit-return system (DRS) managed the return of over 3 billion bottles and cans in 2025, Mohu, a unit of...

Air Quality Deteriorating in Several Parts of Hungary

A high concentration of airborne dust particles is further deteriorating air quality in several parts of Hungary, the National Public...

Gov’t Calls Tender to Support Creation of Wetland Habitats

The gov't is calling a HUF 12.8 billion tender to support the development of natural wetland habitats, contributing to long-term...

Mohu’s Recycling Success Met With Bitter Irony by Large Retail Partners

Hungary’s deposit return system (DRS) on beverage packaging is an “internationally recognized” success, according to Mohu, the monopoly operator, but...