It appears to be an original colored photo, showing a Messerschmidt fighter with red-white-green tail markings, flown by the Hungarian air force during the war. Many of these German-designed planes were assembled in Hungary, and were supplied both to the Luftwaffe and the Magyar Legiero.

Hungarian Messerschmidt fighter, WW2 Era

Manufactured in Hungary under German licensing, flown in the WW2 era and even afterwards. 

Hungarian Junker 52, WW2 era

Heading east in the opening years of the war.