Business

Interview

New Health Minister aims to attract private insurers

Lajos Molnár, who was picked as Hungary's new health minister on Friday, aims to scrap the state health insurance system...

Interview

SzDSz names ministry heads

Junior governing coalition partner SzDSz named on Friday the heads of the three ministries it will be in charge of...

Competition

NHH cuts Hungarotel fees

The National Communications Authority (NHH) said on Friday it approved the termination fees of telco Hungarotel Zrt submitted in its...

Deals

Rahimkulov raises stake in BorsodChem to 25.16%

Megdet Rahimkulov, the head of ÁÉB Bank Rt and reportedly Hungary's richest man, has raised his direct and indirect stake...

Retail

OBI takes top spot in DIY market

DIY chain OBI Hungary Kft had revenues of Ft 47.5 billion in the fiscal year between May 2004 and April...

Transport

British Airways records 15% revenue rise in Hungary

Revenue of British Airways' office in Hungary increased 15% in the airline's business year ended March 31, largely because of...

Retail

Skandia to expand into Hungary through German unit

Skandia AB, one of Europe's oldest financial services companies, will expand into Hungary through its German subsidiary, Magyar Hírlap reported....

Pharma

BorsodChem completes Ft 1.3 bln expansion

Chemicals company BorsodChem Rt inaugurated a Ft 1.3 billion expansion at its formaldehyde factory on Wednesday....

Deals

KBC Group buys 99.7% of K&H Bank

The State Financial Supervisory Authority (PSzÁF) has approved Belgian KBC Group's plan to acquire a 99.7% stake of K&H Bank...

Pharma

Patai resigns from Magyar Telekom board

Magyar Telekom Nyrt announced on Wednesday that Mihály Patai has resigned from his position on the company's board of directors,...

Competition

Euroweb sells Hungarian unit to Invitel

Shareholders of Euroweb International, a small-cap IT company listed on the NASDAQ, approved on May 15 the sale of its...

Transport

Transport volume decreases 1.7% in Q1

Hungary's transport companies carried 1.7% less goods in January-March 2006 compared to the same period of the previous year, but...

Pharma

Co-op reports Ft 375 bln revenue in 2005

Hungarian supermarket group Co-op had revenue of Ft 375 billion in 2005, including Ft 253 billion generated by sales at...

Interview

New gov’t to be formed on June 9, earlier than planned

Ongoing coalition talks have progressed at a faster rate than expected, so the new government can be formed earlier than...

Deals

TVnet offers symmetric DSL service

Internet service provider TVnet Kft has launched a third-generation symmetric broadband service under the name SDSL, the company announced on...

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...

Automotive

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

Business

Former Hungarian Ministers Seszták and Hankó Detained After Immunity Lifted

Opposition lawmakers and former ministers Miklós Seszták and Balázs Hankó were detained on Monday after Parliament suspended their immunity, according...

Automotive

Wallis Builds Next Growth Phase on Local Knowledge and Leadership

Gyula Mező, CEO of Wallis Asset Management, tells the BBJ how the group is allocating capital, managing an increasingly int'l...

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...

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

Former Hungarian Ministers Seszták and Hankó Detained After Immunity Lifted

Opposition lawmakers and former ministers Miklós Seszták and Balázs Hankó were detained on Monday after Parliament suspended their immunity, according...

Wallis Builds Next Growth Phase on Local Knowledge and Leadership

Gyula Mező, CEO of Wallis Asset Management, tells the BBJ how the group is allocating capital, managing an increasingly int'l...

Government Gives Green Light to M49 Extension to Romanian Border

The government will proceed with the second phase of the M49 expressway, extending the road to the Romanian border, Transportation...