Since 1 July, more than 12,000 families have applied for newly introduced family allowances including prenatal baby support, the family car purchase assistance scheme or…

Countries who rejected non-European migrants or raised concern on rule of law, such as Poland, could expect more sympathy from the European Commission, its new…

The new Hungarian Government Security Plus (MÁP+) drew investments of more than HUF 880 in June, a record for a new security in its first…

Hungary needs to decrease administrative burdens on businesses and reduce the tax wedge on low salaries, the OECD’s Going for Growth report found. A serious…

The number of healthcare personnel missing from the Hungarian health system is more than 5% of the total, the daily Világgazdaság reported on Friday citing…

The average download speed of Hungarian mobile networks is nearly twice the global average, allowing Hungary to take sixth in Europe and 11th globally in…

Liberty Global, owner of UPC Hungary, announced last May that it is selling its German, Hungarian, Romanian and Czech operations to Vodafone. The European Commission…

The Hungarian government has officially granted the armed forces of the United States of America free access to Hungary, according to the latest official gazette….

As of this autumn, Alfons Dintner will be managing director of Audi Hungaria, the company announced on Thursday. The current director, Achim Heinfling, will return…

Online shopping is increasingly popular in Hungary, with 9 out of 10 people ordering goods from the internet, but Hungarians are unique even in this…

Moody’s Investors Service upgraded OTP Bank’s long-term local currency deposit ratings to Baa1 from Baa2 and changed the outlook to stable from rating under review,…

Customer paid utility bills worth 24% more electronically through payment platform Díjnet in the first half than a year earlier, Díjnet Zrt. told state newswire…

Fines levied by BKK’s ticket inspectors on public transportation can now be paid immediately by card, the Centre for Budapest Transport (BKK) said on Wednesday….

Hungarian oil and gas group Mol is increasing the wholesale price of gasoline by HUF 2 per litre as of Friday, while leaving the price…

The number of charging stations for electric cars continues to increase in Hungary, with the number of permits issued by the Hungarian Energy and Public…

The EBRD is supporting the successful return of Hungary’s OTP Bank to the international capital markets with a EUR 60 million investment in a EUR…

A single-digit personal income tax rate would reinforce the sustainability of Hungary’s economic growth, László Parragh, President of the Hungarian Chamber of Commerce and Industry…

Demand for the new Hungarian Government Security Plus (MÁP+) retail bond decreased slightly last week, when the HUF 100 billion lot offered by the Government…

Distance coach company Volán, state railways MÁV, postal service Magyar Posta and Budapest public transport company BKV are looking for some 2,500 employees combined, Népszava…

The number of immigrants to Germany last year was 400,000 higher than the number of those leaving the country, the German statistical office Destatis said…

Exchange-listed IT group 4iG has won a public procurement contract for “Procurement of Distance Education Licenses” issued by the National Office of Vocational Education and…

Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline by HUF 7 per litre and the price of…

Money has begun flowing out of Hungarian investment funds in June at an astounding rate, with HUF 179 billion leaving the sector, even though fund…

As of 1 August, Maciej Galant will be appointed CEO of BMW Group Hungary, the company announced on Tuesday. Maciej Galant has been CEO of…

Hungarian companies set extremely tight payment deadlines, which is why many customers are forced to apply for extensions, international collection agency Intrum said in its…

The Hungarian government could acquire a25% stake in mobile phone provider Telenor Hungary before the end of the year, the daily Népszava reported citing several…

The volume of construction output was 26.3% higher in May 2019 than a year earlier but 0.6% lower than in April, the Central Statistical Office…

Festival organiser Sziget Zrt. had more than HUF 104 million revenue last year from money left on the FestiPay cards used exclusively to pay at…

Hungarians will have to pay 80 billion forints less in taxes next year, a Finance Ministry official told daily Magyar Nemzet on Saturday, after lawmakers…

The flood of EU funds and the reform of the institutional system in 2014 has resulted in a jump in Hungary’s Research & Development spending…

Hungary’s Finance Minister Mihály Varga has addressed and evaluated the 2020 budget several times after lawmakers passed the budget bill. In an interview with public…

The amount of European Union funds from the EU’s 2014-2020 development budget allocated by Hungarian authorities has passed the HUF 6,000 billion mark by early…

The number of registered temporary workers in Hungary was 269,000 in June, compared to just 166,000 five years ago, the daily Világgazdaság reported on Monday….

The government has helped more than 250,000 grandmothers spend more time with their families, the Ministry for Human Capacities said in a press release on…

China has published its crucially important monthly data package early on Monday, and it was topped by the release of the second-quarter GDP growth statistics,…

Japan’s Toray Industries, a global supplier of battery separator film (BSF) for lithium-ion secondary batteries, is to build a manufacturing plant in Nyergesújfaul, Hungary with…

Hungary has backed off from setting up new administrative courts, a move contested by the European Commission, only over concerns that new rule of law…

The first results of the Eurobarometer survey released by the European Parliament on Friday show that citizens’ support for the European Union remains at its…

Hungarian MPs adopted the 2020 budget bill on Friday. It set the deficit target to 1.0% of GDP for next year, which would be the…

Despite local and international outcry against the Hungarian government taking control of research institutes belonging to the Hungarian Academy of Sciences (MTA), President János Áder…

A friendship of several thousand years connect the Chinese and the Hungarian people; a 70-year-old diplomatic relationship connects the two countries, and we now live…

85% of all artificial intelligence projects are failures, owing to resistance from employees, lack of budget or mistakes in technical implementation. Using AI will be…

Hungary has been the biggest buyer of German weapons systems in the first half of 2019 as the Ministry of Defence ordered new equipment worth…

In his regular weekly interview with public radio MR1, Hungary’s Prime Minister Viktor Orbán has addressed the cabinet’s long-term budget plans in respect of the…

Retail chain Lidl will build a network of nearly 400 charging points for electric cars near its Hungarian stores, the daily Világgazdaság reported. According to…

The deadline Hungary’s Prime Minister Viktor Orbán has given to minister Andrea Bártfai-Mager to conduct negotiations on the privatisation of Budapest Bank has passed on…

The European Automobile Manufacturers Association (ACEA) has published an exciting ‘Pocket Guide’ on the automobile industry, which reveals how many people worked in the sector,…

Given the current trends, a further cut to the personal income tax could become possible, which would help further whiten the economy, László Domokos, President…

The average stock of currency in circulation continued to rise in Hungary in June despite the massive rush for the new retail government security, the…

The average stock of currency in circulation continued to rise in Hungary in June despite the massive rush for the new retail government security, the…

House prices rose by 4% in the EU in the first quarter of 2019 compared with the same quarter of the previous year, while Hungary…

Four American financial institutions started cooperating under the umbrella of the United States Chamber of Commerce to cultivate Hungarian talent, support universities and attract Hungarians…

Bavarian companies are preparing to invest HUF 45 billion in Hungary in the short term, Minister of Foreign Affairs and Trade Péter Szijjártó told state…

Economic growth in the European Union will not be overly robust either this year or in 2020, not to mention that downside risks have increased,…

The European Commission has raised its GDP estimate for Hungary for 2019, as the economy has been recently faring better than expected. Hungary’s economy grew…

As reported yesterday , exchange-listed IT group 4iG is buying T-Systems Hungary, the IT unit of Magyar Telekom. We sent a number of questions to…

The stock of shares held by Hungarian households reached a new record in May, and this time the change was not caused by rising share…

The Montenegrin Court of Registration registered a capital increase at Crnogorska komercijalna banka, the Montenegrin subsidiary of OTP Bank, OTP announced on the Budapest Stock…

Healthcare can be a good business in Hungary: according to our data, private health providers had a fine year in 2018 even though it fell…

In view of the how T-Systems fared over the last few years, the sale of its subsidiary to 4iG could reduce its sales revenue by…

By taking over T-Systems, Hungary’s 4iG is becoming a big shot on the country’s IT market. Annual turnover of the new company is likely to…

Rumours proved to be truet, 4iG is buying one of the Hungarian IT market’s largest player, T-Systems that is a market leader in several segments….

Hungary’s core inflation adjusted for the effects of indirect taxes, a key metric for the central bank (MNB), dropped to 3.5% in June from 3.7%…

The government is now beginning the work of regulating relations between public and private healthcare, Péter Pál Varga, head of the Buda Health Center, told…

As a result of digitalisaton, the number of both customer visits and daily transactions have decreased in Hungarian bank branches, although the increased value attributed…

Hungary recorded a 678 million euro surplus on its external trade of goods in May 2019, which is a lot higher than the base period’s…

Consumer prices in Hungary rose by 3.4% year on year in June 2019, the Central Statistical Office (KSH) reported on Tuesday. Analysts polled by Portfolio…

The National Bank of Hungary (MNB) held FX swap tenders for one, three, six and 12 months maturities yesterday, allotting HUF 6.8 billion in each…

Hungary-based no-frills airline Wizz Air is going to offer a new service from Budapest to Kazan, Russia. The new route will have two flights a…

The rate of growth at Hungary’s retail lending and personal loans has declined further. While the natural saturation of the lending market is slowly approaching,…

As usual for June, Hungary’s general government posted deficit this year, as well, but the shortfall was not as large by far as in the…

Reconstruction of the Serbian section of the fast-track rail link between Budapest and Belgrade has begun, preparations for construction have started on the Hungarian section,…

Hungary’s consumer price index is to decelerate to 3.5% year on year in June from 3.9% in May, analysts polled by Portfolio project. For the…

All elements of the government’s family protection action plan will receive as much funding as they require as the budget is “open from above”, state…

OTP announced back in February that it was buying Societe Generale’s unit in Montenegro. It now turns out that OTP can buy the bank for…

The Hungarian government is to spend over 260 billion forints (EUR 803.44 million) in some 480 projects on the development of tourism in the 2014-2020…

Consumer price indices are set to be published this week in Hungary, Germany, China and the United States. Inflation is a key metric for monetary…

The Chairman of the Board of Management of BMW AG, Harald Krüger, has given notice on Friday that he will not seek a second term…

The Hungarian economy is in a most favourable position, the question is how long can this growth rate can be kept up, said Zoltán Török,…

Tobacco stores open past 10 p.m. disturb the peace of many citizens as some customers drink the alcoholic beverages bought in these outlets in front…

Leaving its all-time high behind, the general index of the Budapest Stock Exchange (BSE) dropped sharply in May. Although it made several attempts to make…

There are several candidates, but neuroscientist, pharmacologist and former president of the Hungarian Academy of Sciences (MTA) Szilveszter E. Vizi is slated to become the…

Switzerland is now the world’s top-ranked destination for expatriates, Bloomberg reported citing a new HSBC study. The average Swiss salary of $111,587 is 47% higher…

The volume of Hungary’s industrial production rose 1.6% month on month in May, remaining on the ascending trend of the sector, the Central Statistical Office…

Germany’s Deufol will build a HUF 7 billion packaging and logistics plant in Debrecen with government support, which will also be its regional hub for…

Gedeon Richter, Hungary’s leading drugs producer, has announced on Thursday that the voting rights of BlackRock relating to Richter shares dropped to under 5%. Richter…

Analysts at Takarékbank have raised their projection for Hungary’s GDP growth in 2019 to 4.7% from 4.4% previously, and upped their 2020 estimate to 3.7%…

Hungary’s Prime Minister Viktor Orbán has on Thursday discussed the achievements and plans of Audi Hungaria with Bram Schot, the newly appointed Chairman of the…

The board of directors of publicly traded Hungarian IT group 4iG suggests that shareholders do not accept the HUF 675.78 per share offer for all…

Duna House Holding Plc. has signed a nearly HUF 2.4 billion (EUR 7.43 mn) loan agreement with Raiffeisen Bank Zrt., which will be partly used…

The Hungarian Export-Import Bank (Exim) and the Hungarian Chamber of Industry and Commerce (MKIK) have signed a cooperation agreement to improve the competitiveness of small…

Hungary’s net lending of the rest of the world was 1.4% of GDP in the four quarters to the first quarter of 2019. The figure…

Have you ever wondered who visits your country or where your fellow citizens prefer to go on holiday? This question was asked by Eurostat, the…

The latest budget data shows that meeting the 2019 deficit target should not be a problem, but the 1% of GDP deficit target set for…

The latest budget data shows that meeting the 2019 deficit target should not be a problem, but the 1% of GDP deficit target set for…

The largest banks in the European Union will have a total capital shortfall of 135.1 billion euros to comply with reforms to post-crisis rules, dubbed…

Good years are predicted to continue in the construction markets of Eastern and Western Balkan countries of the Eastern European Construction Forecasting Association (EECFA). Altogether…

Building the Paks 2 nuclear power plant is necessary in order to guarantee the safety of Hungary’s power supply and to meet climate goals, so…

Hungarian lawmakers passed a controversial legislation on Tuesday that is ‘sold’ as academic reform but is widely seen as the continuation of the cabinet’s efforts…

Hungarian researcher Kopint-Tárki has raised its inflation and GDP growth estimates for Hungary compared to its March prognoses. GKI has raised its GDP growth forecast…

1 July is an important day in Hungary’s health care, this is when we commemorate the birthday of Ignác Semmelweis in 1818. Health care officials…

Moody’s outlook on Hungary’s banking system has changed to stable from positive, as banks have largely completed de-risking and further loan quality improvements will be…

Moody’s outlook on Hungary’s banking system has changed to stable from positive, as banks have largely completed de-risking and further loan quality improvements will be…

The new so-called superbond, Hungarian Government Security Plus (MÁP+) has been an unequivocal success so far, with subscriptions over the first four weeks totalling more…

Hungary’s general government sector posted HUF 10 billion surplus in the first quarter of 2019, which corresponds to 0.1% of gross domestic product, preliminary data…

Turnover declined by a double-digit figure month on month on the Budapest Stock Exchange (BSE) in June. More than half of the combined turnover was…

Publicly traded IT company 4iG has been named as a subcontractor in a public procurement contract awarded to Sys IT Services Kft. to operate the…

A consumer protection procedure has been initiated against Hungary-based discount airline Wizz Air, state newswire MTI reported late on Monday. With the approval of Gergely…

By Michael Heise, Chief Economist, Allianz SE, Munich, Germany. With growth deteriorating, the day of reckoning for Germany’s economic policymakers is approaching fast, says Michael…

Five months after its announcement, the Hungarian government’s subsidy scheme for the purchase of seven-seater cars for large families (three children or more) has come…

South Korea’s Inzi Controls is to build a battery manufacturing plant in Komárom, Hungary, with an investment of 14.8 billion forints, Hungary’s Minister of Foreign…

A trial run when 50 kW DC flash chargers and 43 kW AC chargers cost HUF 50 per minute to use has begun, the daily…

Many people get anxiety before a flight, or at least imagine what would happen if the aircraft crashed due to some kind of disaster. Of…

Bridgestone EMEA is injecting 36 million euros into its eight European plants, transforming them into smart factories, the EMEA business of the world’s largest tyre…

According to a video Hungarian Finance Minister Mihály Varga uploaded to Facebook, households subscribed more than HUF 1,000 billion worth of the new Hungarian Government…

Hungary’s manufacturing purchasing manager index (PMI) stood at 54.4 points in June 2019, the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM) reported on…

Although central bank policy meetings are not on the menu this week, there will be a number of releases that investors should keep a close…

There will be enough seven-seater cars available for big families, although maybe not right at the beginning of the 3.5-year programme, Gábor Gablini, President of…

One of the most exciting economic phenomena of the last few quarters was that while Germany’s growth momentum has been fading, the Hungarian economy has…

It’s no longer a daring feat to leave for another country for a week or two and immerse in its natural or architectural wonders. But…