Anikó Fenyvesi

Awards

Telenor Hungary appoints new CFO

Nakul Sehgal (pictured) has joined Telenor Hungary’s Leadership Team as chief financial officer after holding several senior management positions in...

Social

St. Patrick’s Day celebration in Budapest goes green

The Irish-Hungarian Business Circle is organizing its annual St. Patrickʼs Day parade and festival this Sunday, March 20, starting at...

Social

Rihanna to headline Sziget Festival

Sziget Festival, the countryʼs largest musical event, has just announced that Rihanna will headline on day 0 of the festival,...

Interview

Nagy: MNB will cut base rate, adjust overnight rates this year

National Bank of Hungary (MNB) is likely to cut its base lending rate below the current 1.35% this year and...

Retail

Hungary’s fifth Michelin star awarded to Costes Downtown

Hungarian restaurant Costes Downtown, located in the luxury Prestige Hotel in Budapest, has been awarded the fifth Michelin star in...

Deals

CBRE: Consumer spending drives real estate developments in 2016

This year is expected to be a solid one for the real estate sector with the pace of growth in...

Tourism

Big final quarter helps Hungary’s GDP grow 2.9% in 2015

A year-on-year gross domestic product increase of 3.2% in the last quarter of 2015 helped drive total GDP growth last...

History

Legislation would reduce asylum seekers’ rights in Hungary

The Hungarian government published draft legislation yesterday that would reduce cash subsidies for asylum seekers, cut the individual space they...

Deals

EIB nearly doubles its support to Hungary with €1.42 billion in loans

The European Investment Bank (EIB) signed new loan agreements with Hungary amounting to €1.42 billion in 2015, the highest level...

History

EIB loan supports road network improvements in Hungary

The European Investment Bank (EIB) will loan €140 million to Hungary to finance the modernization of key sections of the...

History

After protest, two Sunday closing referenda may be allowed

Following claims that thugs interfered with the democratic process of filing for a referendum to oppose the Sunday closings law,...

Visits

Report: Handling of refugee crisis could prove volatile for the region

The refugee crisis in Hungary has two dimensions: One involving domestic politics and the other involving international politics, both of...

Int'l Relations

Grant Thornton Hungary enhances services in the region

International auditing and financial advisory company Grant Thornton has strengthened its position in Hungary through the purchase of a majority...

Transport

Report: Budapest-Sofia route will not receive state subsidy

Direct flights between Budapest and Sofia will no longer receive state support as earlier promised by the National Development Ministry,...

Deals

Parliament extends deadline of capital requirement for local companies

Hungarian Parliament approved legislation today to extend the mandatory capital increase requirement for limited liability companies operating in Hungary to...

Awards

Turning recruitment into a game

Using a technique called gamification, Hungarian companies help engage potential job candidates and build their employer brand....

City

Gov’t decree could initiate HUF 150 bln-200 bln in developments near airport

The Hungarian government could declare a project to develop properties valued at HUF 150 billion-200 bln near the capital’s Liszt...

Int'l Relations

Hungarian National Trading House office opens in Slovakia

The Hungarian National Trading House (MNKH), created by the Hungarian state to support opportunities for domestic companies on markets abroad,...

Incubators

Telenor launches accelerator program to support Hungarian startups

Telenor announced the launch of its first accelerator program in Hungary to support local startups in their penetration of the...

Pharma

IMD lifts Hungary’s ranking by two spots

Hungary’s ranking among the world’s most competitive economies rose two rungs to 46th place, according to a press release issued...

Awards

CEE economy benefits from women in leadership

The CEO of PwC for Central and Eastern Europe, Olga Grygier-Siddons, spoke to the Budapest Business Journal about the role...

Visits

Orbán: Brussels will back down from migrant quota

Hungary’s referendum on the migrant quota will allow the Hungarian people to decide what kind of European Union they want,...

Awards

Report: Hungarian personal bankruptcy requests up 10%

Requests for personal bankruptcy submitted by Hungarian families were up 10% in the past month month with 385 applicants availing...

Deals

Lázár: Despite drop in GDP, growth projections remain

Many factors lie behind the contraction in GDP in the first quarter, including a dramatic decrease in EU funds being...

Deals

Telekom to host 7th annual SMART Conference

Magyar Telekom, the Hungarian subsidiary of Deutsche Telekom will host the seventh annual SMART Conference in Budapest on May 23...

Office Market

HB Reavis acquires third property in Budapest

International real estate developer HB Reavis announced the acquisition from Europa Property Fund of the BEM Palace in Budapest, the...

Sights

Eurostat: Hungary’s Eximbank is not a bank

Eurostat, the EU statistics office, refutes the claim by the head of the Hungarian Central Statistical Office (KSH) that Eximbank...

Visits

PM announces plans to build test track for self-driving cars

The government will build an automotive test track in Zalaegerszeg, western Hungary, Prime Minister Viktor Orbán announced during the “Car...

Telco

Audi Hungaria revenues up 12% to HUF 2.6 trillion in 2015

Audi Hungaria Motor Kft.’s net revenues were up 12% last year reaching HUF 2.609 trillion, while the firm received state...

History

Hungary-U.S. Business Council to hold forum in July

The Hungarian-U.S. Business Council will hold a meeting in Budapest in July to strengthen economic ties between the two countries,...

Turning recruitment into a game

Using a technique called gamification, Hungarian companies help engage potential job candidates and build their employer brand....

Gov’t decree could initiate HUF 150 bln-200 bln in developments near airport

The Hungarian government could declare a project to develop properties valued at HUF 150 billion-200 bln near the capital’s Liszt...

Hungarian National Trading House office opens in Slovakia

The Hungarian National Trading House (MNKH), created by the Hungarian state to support opportunities for domestic companies on markets abroad,...

Telenor launches accelerator program to support Hungarian startups

Telenor announced the launch of its first accelerator program in Hungary to support local startups in their penetration of the...

IMD lifts Hungary’s ranking by two spots

Hungary’s ranking among the world’s most competitive economies rose two rungs to 46th place, according to a press release issued...

CEE economy benefits from women in leadership

The CEO of PwC for Central and Eastern Europe, Olga Grygier-Siddons, spoke to the Budapest Business Journal about the role...

Orbán: Brussels will back down from migrant quota

Hungary’s referendum on the migrant quota will allow the Hungarian people to decide what kind of European Union they want,...

Report: Hungarian personal bankruptcy requests up 10%

Requests for personal bankruptcy submitted by Hungarian families were up 10% in the past month month with 385 applicants availing...

Lázár: Despite drop in GDP, growth projections remain

Many factors lie behind the contraction in GDP in the first quarter, including a dramatic decrease in EU funds being...

Telekom to host 7th annual SMART Conference

Magyar Telekom, the Hungarian subsidiary of Deutsche Telekom will host the seventh annual SMART Conference in Budapest on May 23...

HB Reavis acquires third property in Budapest

International real estate developer HB Reavis announced the acquisition from Europa Property Fund of the BEM Palace in Budapest, the...

Eurostat: Hungary’s Eximbank is not a bank

Eurostat, the EU statistics office, refutes the claim by the head of the Hungarian Central Statistical Office (KSH) that Eximbank...

PM announces plans to build test track for self-driving cars

The government will build an automotive test track in Zalaegerszeg, western Hungary, Prime Minister Viktor Orbán announced during the “Car...

Audi Hungaria revenues up 12% to HUF 2.6 trillion in 2015

Audi Hungaria Motor Kft.’s net revenues were up 12% last year reaching HUF 2.609 trillion, while the firm received state...

Hungary-U.S. Business Council to hold forum in July

The Hungarian-U.S. Business Council will hold a meeting in Budapest in July to strengthen economic ties between the two countries,...