Bence Gaál

Automotive

AutoWallis Closes Nelson Group Fleet Management Division Acquisition

After the Hungarian Competition Authority (GVH) granted its approval, AutoWallis' acquisition of the Nelson Group’s fleet management division has been...

Figures

Hungarian Economy may Stagnate, With Double-digit Inflation for Most of 2023

The Hungarian economy is expected to stagnate or grow slightly in 2023, with strong but gradually easing inflationary pressures and...

Residential

Cordia Successfully Completes Structure of Jade Tower

More than two months ahead of schedule, Cordia, member of Futureal Group - one of the largest property developer and...

Appointments

New Partners Announced at Mazars

International audit and advisory firm Mazars has announced the appointment of Andrea Molnár and Dániel H. Nagy as partners....

Office Market

Orbico Hungary to Move to H2Offices

International distribution and logistics provider Orbico Hungary has signed a long-term lease agreement for 1,253 sqm office space with a...

Retail

Primark to Open 1st Store in Hungary in Near Future

International fashion retailer Primark has announced that it will open its first Hungarian store in Budapest in the company's next...

Recycling

OMV Installs Used Cooking Oil Collection Points at 40 Stations

Oil, gas, and petrochemical company OMV has installed used cooking oil collection points at some 40 of its refueling stations...

Science

Applications Open for Fall Semester of FAO–Hungarian Gov’t Scholarship Program

Applications are now being accepted by the FAO–Hungarian Government Scholarship Program. Two scholarships are available for two-year post-graduate study in...

Appointments

New Director Joins PwC Hungary

Tünde Kis, former deputy CEO of the Hungarian Investment Promotion Agency (Hipa), has joined PwC Hungary as a director as...

Transport

Wizz Air Launches New Routes to Turkey

Discount airline Wizz Air is launching new routes from Hungary to Turkey. The airline will add Istanbul and Antalya to...

Appointments

Two New Leaders Join WeAreOpen

Hungary’s market leader DEI (diversity, equity, and inclusion) organization, has been expanded with two new leaders. Nóra Várady became the...

Deals

AutoWallis Group Entering Online Automotive Sales Market

In line with its earlier plans, AutoWallis has acquired Net Mobilitás Zrt., which operates the JóAutók.hu and Autó-Licit.hu portals, leading...

Office Market

Renovation of Krausz Palace Approaches Completion

The modernization of the Krausz Palace on Budapest's Andrássy út is nearing completion, according to a press release sent to...

Appointments

Balázs Fazakas Promoted to Partner at Lakatos, Köves & Partners

Balázs Fazakas, head of the Litigation and Dispute Resolution Group at Lakatos, Köves & Partners Law Firm (LKT) has been...

Automotive

AutoWallis Group Closed 2022 With Record Sales

Sales of the AutoWallis Group set new records in all the group's divisions and areas in 2022, according to a...

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...