Business

Pharma

Cisco to triple workforce in Budapest

US network equipment maker Cisco Systems plans to triple the number of employees at its unit in Hungary in the...

Ecosystem

Companies receive Ft 3.8 bln under innovation support program

About Ft 3.8 billion in government grants have gone to 123 companies under the Supporting Company Innovation program, the Ministry...

Automotive

Rába signs contract covering 30% of military offset deal

Vehicle maker Rába Jármű Kft has signed a contract with the Ministry of Economy and Transport covering 30% of an...

Deals

Deutsche Balaton submits buyout offer for Hungagent to PSzÁF

Deutsche Balaton AG announced on Friday it had submitted a public purchase offer for all outstanding shares of asset management...

Automotive

Industrial output up 11.6% yr/yr in February

Hungary's industrial output was unchanged in February compared to January, and was up 11.6% according to both workday adjusted and...

Deals

Venture capital investments reach record level in 2005

Venture capital investments in Hungary totaled more than €131 million in 2005, more than in any year previous, according to...

Telco

OTP proposes 26% higher dividend

OTP Bank Rt proposes to increase its annual dividend to Ft 197 a share from Ft 156 last year, the...

Competition

S&T Magyarország targets Ft 2.9 bln revenue in 2006

S&T Magyarország Kft, the Hungarian unit of Austrian IT company S&T, targets revenue of Ft 2.9 billion in 2006, up...

Deals

March fiscal deficit Ft 91 bln over FinMin forecast

Hungary's general government deficit was Ft 353.7 billion (€1.33 billion) in March, Ft 91.1 billion over the Finance Ministry's forecast...

Deals

Mol sells remaining treasury shares

Hungarian oil and gas Mol Rt will sell its remaining 1.4 million treasury shares to BNP Paribas SA, Mol announced...

Pharma

Ablon opens €28 mln Buy-Way shopping center

Ablon, a property developer owned by Immoconsult, the real estate project financing company of Austria's Volksbank, opened a €28 million...

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...