Bence Gaál

Retail

Retail Sales Show 5% Growth in April, Monthly Momentum Continues

Retail trade volume in Hungary rose by about 5% in April 2025 compared to the same month last year, when...

Manufacturing

Ganz Launches New EUR 52 mln Investment Program

Ganz Transformers and Electric Rotating Machines Ltd., one of Hungary’s oldest industrial companies, has unveiled an ambitious EUR 52 million...

Appointments

Peter Ahnesorg Appointed New Head of Roche Hungary’s Pharma Division

As of June 1, Peter Ahnesorg is the new head of Roche Hungary’s pharmaceuticals division, replacing Raffaella Claudia Bondi, who...

Business

Peter Ahnesorg Appointed New Head of Roche Hungary’s Pharma Division

As of June 1, Peter Ahnesorg is the new head of Roche Hungary’s pharmaceuticals division, replacing Raffaella Claudia Bondi, who...

Automotive

AutoWallis Secures CEE Distribution Rights to EV Brand NIO

The AutoWallis Group has secured exclusive distribution rights for the electric NIO brand in the highest potential EV markets of...

Politics

Karácsony: Another HUF 18 bln to Be Taken From Budapest, Strike Wave Possible

Budapest Mayor Gergely Karácsony said that due to an amendment to the tax laws, another HUF 18 bln could disappear...

Logistics

Retro Jeans to set up Central Warehouse in HelloParks AN1 Hall

Hungarian fashion company Retro Jeans will be the first to move into HelloParks AN1, Hungary's largest speculative industrial building this...

Transport

BP Public Transport to Halt for 10 Minutes on Friday in Protest Over City’s Financial Struggles

Public transportation in the Hungarian capital will come to a standstill for 10 minutes this Friday, from 11:50 a.m. to...

Tech

Honor 400 Series Delivers Triple-Digit Sales Growth in Hungary

AI device ecosystem company Honor today announced early sales performance for its newly launched Honor 400 Series across the Hungarian...

Trade

Hungary’s Service Trade Surplus Hits EUR 2.2 bln in Q1

Hungary recorded a EUR 2.2 billion surplus in its external trade in services in the first quarter of 2025, according...

Analysis

Hungary’s M&A Rescission Rollercoaster: Legal Flexibility Meets Practical Challenges

A recent Hungarian court decision has opened the door to a controversial yet powerful tool in M&A transactions: the right...

Figures

Hungary Records Sharp Decline in Births and Marriages

Hungary recorded a sharp decline in births and marriages in April, while the number of deaths dipped slightly compared to...

Office Market

Law Firm Wolf Theiss Sets up Office in Liget Center

International law firm Wolf Theiss is setting up its law office on almost 1,300 square meters in Liget Center Classic...

Tourism

Tourism Continues Growth in April With Double-Digit Gains in Guest Numbers

Hungary’s tourism sector recorded another month of significant growth in April 2025, as both domestic and international travel activity increased...

Appointments

Róbert Keszte Elected DUIHK President

At their annual general meeting, the members of DUIHK (German-Hungarian Chamber of Industry and Commerce) elected Róbert Keszte, head 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...