Bence Gaál

Automotive

AutoWallis Reports Strong Sales Growth, Eyes Record Year

The AutoWallis Group has reported a robust increase in vehicle sales for the first nine months of 2024, positioning the...

Appointments

Vladimír Dočekal Named Managing Director of Orlen Hungary

Vladimír Dočekal has been appointed to take over as manageing director of Orlen Hungary, the company tells the Budapest Business...

Appointments

Tímea Bana Joins Kinstellar as Partner

Tímea Bana, a high-profile Technology, Media, and Telecommunications (TMT), Data Protection (DP) and Intellectual Property (IP) lawyer, has joined Kinstellar’s...

Office Market

Olympia Unveils Fresh Identity, Embraces Hybrid Work in Budapest

Olympia, formerly known as Aréna Business Campus, has unveiled its new identity and innovative approach, positioning itself as one of...

Appointments

New General Manager Takes Helm at Matild Palace

From October 1, Serkan Hüsünbeyi took over as the new general manager of Matild Palace, the hotel tells the Budapest...

Initiatives

European Greentech Firms Eye Japanese Market Through Eco Campaign

Hungarian consultancy firm Sudy & Co. has launched a new campaign aimed at helping European greentech companies break into the...

Startups

PastPay Raises EUR 12 mln to Fuel Expansion Across European Markets

PastPay has secured EUR 12 million in Series A funding, the largest for a B2B buy now, pay later provider...

Manufacturing

Unilever to Start Manufacturing Global Deodorant Brands in Hungary

Unilever is set to manufacture well-known deodorant brands in Hungary. In the near future, production of Axe, Rexona, and Dove...

EU

Orbán: Europe Must Be Protected From European Left

Europe must be protected from the European left wing, "as they think democracy only exists as long as they win...

Office Market

Silent Revolution Approaching in Office Design

As economic conditions continue to shift, businesses are actively seeking ways to reduce operational costs, resulting in significant changes in...

Fintech

Hungary’s Digital Payment Index Sees 11-Point Rise Over 4 Years

Hungary’s adoption of cashless payment methods continues to grow, reflecting the broader digital transformation underway in the country. According to...

HR

More Skilled Workers Available on Labor Market

In recent years, significant changes have occurred in the job market for those performing physical labor. An analysis based on...

Retail

Hungary’s Retail Sales up 4.1% in August

Hungary's retail sales volume grew by 4.1% in August 2024 compared to the same period last year, according to calendar-adjusted...

Trade

External Trade Surplus Declines Sligthly in August

Hungary's external trade in goods recorded a surplus of EUR 671 million in August 2024, according to preliminary data from...

Deals

PwC Acquires Research and Consulting Firm GKID

GKID has entered into an agreement with PwC under which PricewaterhouseCoopers Magyarország Kft. acquires a 100% stake in GKID Research...

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...