Bence Gaál

Hotels

Forestay, OTP Sign EUR 28 mln Financing Deal for Moxy Budapest Downtown Hotel

Forestay Fund Management Plc. has signed a EUR 28 mln loan agreement with OTP Bank to finance the development of...

Politics

Court Rules in Favor of Immediate Judicial Protection for Budapest Municipality

The public administration court of the Budapest Municipal Court has ruled in favor of the Budapest municipality's request for immediate...

Residential

Cordia Launches Unique Residential Project as Continuation of Corvin Promenade

Cordia is breaking new ground with an innovative development in the heart of Budapest: the conversion of a building originally...

Figures

Hungary’s Average Gross Earnings Rise Nearly 10% in April

Full-time employees in Hungary earned an average gross salary of HUF 708,300 in April 2025, up 9.8% compared to the...

Business

Wallis Group Reports Record Revenues and Expanding International Reach

Wallis Group closed 2024 with record-high revenue and profitability, as the company continues to expand its presence across Europe. Despite...

Automotive

Magyar Suzuki Net Sales Revenue Falls From High Base

Net sales revenue of the local unit of Japanese car maker Suzuki fell 21% to approximatelyEUR 2.25 billion last year,...

Retail

Government Proposes Stricter, Personal Permit-based “Mall Stop” Rules

The government has released a proposal for public consultation to amend the regulation referred to as the “mall stop” law....

Deals

Continest Strengthens U.K. Presence Through 2 New Strategic Partnerships

Continest Technologies Plc. has announced the signing of strategic cooperation agreements with two U.K.-based event service providers: EP Team and...

Residential

Home Rental Rates Increase 7.9% Year-on-year in May

Home rental rates in Hungary increased by approximately 7.9% year-on-year in May, data compiled by the Central Statistics Office (KSH)...

Office Market

IWG Adds 2 New Regus Offices in Budapest

International Workplace Group is opening two state-of-the-art flexible workspaces in Budapest. These locations are part of a drive by International...

Figures

Hungary’s Inflation Holds Steady in May at 4.4% Year-on-Year

Consumer prices in Hungary rose by 4.4 percent on average in May compared to the same month a year earlier,...

Analysis

Most Hungarians Believe Good Maternity Care Requires Informal Payments, Private Doctors

Financial factors remain the most important for Hungarian parents to feel satisfied with the maternity care their child receives at...

Residential

Young Buyers Retreat from Budapest Housing Market, Duna House Report Shows

The presence of younger generations on the Budapest real estate market has declined, with fewer purchases aimed at downsizing or...

Tourism

Turkish Tourism Looks to Build on Strong Momentum in Hungary

The first large-scale Turkish tourism workshop held this month in Budapest offered a unique opportunity for Hungarian travel agencies and...

Manufacturing

Hungary’s Industrial Output Drops 5% Year-on-Year in April

Hungary’s industrial production declined by 5% in April 2025 compared to the same month a year earlier, according to raw...

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...