Bence Gaál

Figures

Sales of retail shops grew by 6.7%

In December 2019, the volume of sales in retail shops increased by 6.7% according to raw data and by 6.1%...

Awards

Melanie Seymour named Expat CEO of the Year

BlackRockʼs Melanie Seymour took home the BBJ Expat CEO of the Year award at the sixth annual Top Expat CEO...

MNB

Minimum wage in Hungary lowest in V4

The gross minimum wage in Hungary amounted to EUR 487 in January 2020, less than the minimum wage in other...

Sights

Hungarian Video Analytics Startup Goes Worldwide

Asura Technologies is a Hungarian startup specializing in video analytics, and has quickly been gaining a foothold on international markets....

EU

PPI rises 2.4% in December, up 2.1% in 2019

Industrial producer prices as a whole were 2.4% higher in December 2019 than in the same period of the previous...

Automotive

AutoWallis vehicle sales up 21.1% in 2019

Listed auto trader AutoWallis says that it managed to grow its total number of vehicle sales by 21.1% in 2019...

Competition

The Future of ICT Services

Invitech became the first company in Hungary to offer Microsoft Teams as a unified ICT service, allowing the company’s clients...

Incubators

OXO Technologies Holding to go Public in 2021

OXO Group has announced the creation of CEE tech investment firm OXO Technologies Holding, bringing all of its investments under...

Int'l Relations

Hainan Launches Direct Flight Between Budapest and Chongqing

Budapest Airport and Hainan Airlines, the largest civilian-run and majority state-owned air transport company, celebrated the establishment of a direct...

Food

Hungarians expect home prices to rise 23% in next 3 years

According to a survey by K&H, Hungarians expect homes to become about 23% more expensive on average in the next...

Conferences

Full EAZWV membership granted to Debrecen Zoo

European Association of Zoos and Aquaria (EAZA) and Species360 member Debrecen Zoo announced becoming a full member of the European...

Tourism

Unemployment rate at 3.3% in Q4 2019

The average unemployment rate in the last quarter of 2019 stood at 3.3%, with the average number of unemployed people...

MNB

MNB keeps base rate unchanged

The National Bank of Hungary (MNB) decided to keep the policy rate at 0.9% and the O/N deposit rate at...

EU

Share of organic farming land below EU average

The share of agricultural land used for organic farming in Hungary stood at 3.9% in Hungary in 2018, below the...

Retail

Zsidai Group expands in Austria with new restaurant partner

As the regional master franchisor of Jamie Oliver restaurant brands, the Zsidai Group announced international expansion with the help 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...