Business

Deals

MFB approves loans worth Ft 270 bln so far this year

The state-owned Hungarian Development Bank Zrt (MFB) approved loans worth more than Ft 270 billion by early December, the bank's...

Pharma

Renowned international architects to prepare concept for Zugló’s new city center

Echo Investment, the Polish company to build the new city center in Zugló assigned three renowned international architectural offices to...

Deals

GKI projects slower growth, weaker forint, but improving balance

Hungary's economy will grow at a slower pace and inflation will rise, but the country's balance will improve, renewing investor...

Deals

Mol submits binding bid for 100% stake in Russian oil field

Mol Nyrt, Hungary's largest energy company, said it submitted a binding bid for 100% of a Russian oil field to...

Pharma

Coalco to invest $11 bln in Moscow development

Dubai World's real estate unit and partner Coalco will invest $11 bln in the first stage of the development of...

Deals

Forrás announces sales and purchases worth more than 3% of net assets

Holding company Forrás Nyrt has announced it had sold stakes worth 3.63% of its net assets and made purchases worth...

Retail

Elcoteq adds 2,500 staff at Hungarian unit in 2006

Elcoteq, a Finnish electronics manufacturing services company, has added 2,500 staff at its unit in Hungary this year, bringing the...

Ecosystem

Gov’t approves updated convergence program with unchanged deficit targets

The government on Friday approved Hungary's updated convergence program, which contains the same general government deficit targets as the program...

Office Market

Cabinet picks site of new government quarter

The Hungarian government selected an area near central Nyugati railway station in District 6 for the site of its planned...

Competition

Hungarian competition office exposes egg cartel

The Hungarian Competition Office (GVH) announced on Friday that the Hungarian Association of Layer Hibrid Breeders and Eggproducers and several...

Automotive

Poppe & Potthoff plan €3 mln capacity expansion at Hungarian unit

German auto parts maker Poppe & Potthoff plans to spend €3 million to expand capacity at its unit in Hungary,...

Pharma

Electrolux to invest Ft 8 bln at Hungarian unit in 2007

Swedish white goods maker Electrolux plans to invest Ft 8 billion at its unit in Hungary next year, the same...

Deals

Hungarian forint set for third monthly gain on inflation signs

The Hungarian forint is set to gain for a third month, its longest winning run in two years, as signs...

Interview

Hungary will introduce state physician visit fee from February 15

Hungary has delayed the introduction of a fee for state doctor visits to February 15 from January 1 because it...

Deals

Business confidence improves in November

Ecostat's TOP-100 index, a measure of confidence at Hungary's biggest hundred companies, rose 1 point to 45 in November, Ecostat,...

Appointments

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Residential

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

Real Estate

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Retail

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

Business

Working for a Competitive Advantage – The Latest Issue of the BBJ

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In an interview with the...

Real Estate

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Continest and Sweden’s Flexotrap Join Forces on Modular Shooting Ranges

As defense spending grows in importance across Europe following Russia’s full-scale invasion of Ukraine, local firm Continest Technologies Plc. and...

Hungary’s Housing Costs Drive Buyers Toward Garden Plots and Former Wine Cellars

Rising house prices and living costs are pushing more buyers toward properties on Hungary’s outlying garden plots and vineyard land,...

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

What Might Dogs Reveal About Human Communication?

A Hungarian-led research team working out of the Department of Ethology at ELTE in Budapest is working to discover what...

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Hungary Retail Sales Rise 2.4% in August

Hungary’s retail sales volume increased 2.4% year on year in August but fell 0.7% from July, according to data from...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

GTA VI Preview Sends Hungarian Console Interest Surging

Clicks from Hungarian price comparison site Árukereső to online console retailers rose roughly sevenfold the day after the Aug. 27...

Aldi Cuts Selection and Prices, Shifts toward Stricter Discount Model

Aldi has reduced its food assortment from 2,600 to 2,100 products as part of a data‑driven cleaning process that keeps...

18,000 Truck Drivers Near Retirement, Hungary Faces Shortage

Europe currently has more than 500,000 unfilled truck‑driver positions, and another 600,000 drivers are expected to reach retirement age in...

Working for a Competitive Advantage – The Latest Issue of the BBJ

Róbert Keszte became president of the German-Hungarian Chamber of Industry and Commerce (DUIHK) in 2025. In an interview with the...

Hungary’s Industrial Producer Prices Rise 4.8% as Energy Export Prices Surge

Hungary’s industrial producer prices rose 4.8% year-on-year in August and 2.9% from July, with energy export prices climbing sharply amid...

Szentkirályi to Take Over Almdudler Distribution in Hungary From January.

Szentkirályi Magyarország is set to take over Hungarian distribution of popular Austrian herbal soft drink Almdudler on January 1, 2027....

Investors Becoming More Selective as Markets Rebound

Commercial real estate investment across the CEE-6 markets reached EUR 5.8 billion for H1 2026 compared with EUR 5.4 bln...