Bence Gaál

Automotive

Suzuki leads domestic new passenger car market in 2021

With 17,650 passenger cars registered, Suzuki reached a 14.48% market share on the domestic new passenger car market in 2021,...

Residential

Homeownership rate in Hungary among highest in EU

In 2020, some 91% of Hungarians lived in a household that owned their home, according to data by statistical agency...

Residential

Quarter of homebuyers bought their 1st home in 2021

While the share of first-time homebuyers has increased significantly since 2018, thanks to various home-buying incentives, this year the upward...

Telco

Christmas data traffic on Telenor’s network up 15% y.o.y.

Christmas data traffic on Telenor's network in Hungary exceeded last year's level by some 15%, according to a press release...

Manufacturing

Schneider Electric expands regional procurement center in Budapest

Schneider Electric is expanding its regional procurement center in Budapest, which has been operating since 2017, and the number of...

Transport

LOT restarting direct Budapest-New York flight from June

LOT Polish Airlines has announced that it will re-launch direct flights between Budapest and New York from June 2022....

Appointments

Zsolt Barna appointed CEO of Hungarian Bankholding

From January 1, Zsolt Barna will manage Hungarian Bankholding as chairman and CEO, according to a press release sent to...

Transport

Budapest Airport spends millions of HUF on donations in 2021

Budapest Airport was preparing to hold its annual Christmas party again this year, but due to the new wave of...

Office Market

Union Investment purchases Szervita Square Building

The commercial part of Horizon Development’s LEED Platinum certified premium mixed-use property Szervita Square Building was purchased by Union Investment...

Fintech

NFT auction: 1st ever SMS generates EUR 107.000 to support refugees

The world's first SMS was immortalized as a Non Fungible Token (NFT) and sold at an auction in Paris, fetching...

Residential

Apartment price rise in Budapest since 2013 the fastest in CEE

The price per square meter of newly-built apartments in Budapest has doubled since 2013, meaning that the capital recorded the...

Banking

OTP Bank closes int’l bond transactions successfully

OTP participated in two successful international bond transactions in November. As part of a syndicate of dominant investment banks in...

Sustainability

Immofinanz to reach emission-free status by 2040

Commercial real estate company Immofinanz is looking to become emission-free along its entire value chain by 2040, according to goals...

Residential

Cordia starts selling 300 more homes in Budapest

Residential property developer Cordia decided to add more than 300 new homes to its Budapest supply by the end of...

Art

Largest mural in Hungary and CEE now complete

The largest art mural in Central Europe, covering 4880 sqm was completed in Biatorbágy this week, decorating the facade of...

Hungary Retail Sales Rise 4.3% in September as Non-Food Spending Leads Growth

Hungary’s retail sales volume rose 4.3% year-on-year in September 2026, driven by growth in non-food and automotive fuel sales, according...

K&H: Delayed Investments Deepen Agricultural Crisis

Hungary's agricultural sector remains under pressure after years of postponed efficiency-enhancing investments, with K&H Bank reporting that its Agricultural Confidence...

Hungary Targets Higher-Value Business Services as Sector Nears 120,000 Jobs

Hungary will make high-value business services a priority in its new investment promotion strategy, State Secretary for Foreign Economic Affairs...

Revolut Valuation Reaches USD 115 bln After Fundraising

Revolut has completed a fundraising transaction valuing the company at USD 115 billion, following a series of banking launches and...

MSD Hungary Managing Director Sean R. Smith to Take Global Role

Sean R. Smith will conclude his assignment as managing director of MSD Hungary at the end of 2026 and move...

Communication Holds the Key to Office Tenant Satisfaction, AmCham Panel Finds

Office tenant satisfaction depends as much on communication and cooperation as on a building’s technical performance, participants at an AmCham...

Hungary Publishes Communist-Era Informant Files Online

Hungary has made the names and personal details of tens of thousands of communist-era informants publicly accessible through a new...

Budapest Stock Exchange Turnover Jumps 24% in October

Equity turnover on the Budapest Stock Exchange (BSE) rose 24% month-on-month to HUF 701.8 billion in October, the exchange said....

Budapest’s Chain Bridge to Light Up in Swiss Colors on November 5

Budapest’s Chain Bridge will be illuminated in red and white on the evening of November 5 to mark the 80th...

Wizz Air Luton–Sofia Flight Diverted to Budapest After Bomb Threat

A Wizz Air flight from London Luton to Sofia was diverted to Budapest after receiving a bomb threat during the...

Hungary’s GDP Grows 1.5% in Q3 as Industry Offsets Drought Hit

Hungary’s GDP grew 1.5% year-on-year in the Q3 2026, supported by industry and services, while drought-hit agriculture held back the...

Hungary’s Natural Population Decline Widens as Births Fall 4.8% in September

Hungary recorded a natural population decline of 2,895 in September 2026 as births fell faster than deaths, preliminary data from...

Hungary’s First Mr D.I.Y. Store to Open at Köki Alongside Popeyes

Budapest’s Köki shopping center will welcome Hungary’s first Mr D.I.Y. store and the country’s fourth Popeyes restaurant in November. Footwear...

Regional Executive Salaries Near HUF 6 mln as More Managers Consider Job Changes

Regional executives typically earn gross monthly salaries of HUF 5.9 mln, while 76% of managers are open to changing jobs,...

Wise Launches Forint Investment Feature With 4.72% Variable Return

Wise has introduced an investment feature for forint balances, offering a variable annualized return of 4.72% after fees while retaining...