Business

Telco

MTel sales rise, but financial loss weighs on bottom line

Third-quarter revenue of Magyar Telekom rose and margins improved, but a bigger financial loss caused net income to fall, state...

Office Market

BudaPart Gate sold to S IMMO AG

The 20,000 sqm BudaPart Gate office building was sold in full by Market Építő to Vienna-based S IMMO AG for...

Residential

Cordia to build 366 more rental apartments in the U.K.

Hungary-based developer Cordia is continuing its expansion in the U.K. residential property market: its local subsidiary is building a complex...

Retail

Romania retail sales slows in September

Retail sales in Romania rose by 8.4% year-on-year in September, after a downwardly revised 11.3% growth in the previous month,...

Manufacturing

Nestlé launches HUF 35 bln expansion at pet food plant

Nestlé Hungária on Monday announced the launch of a HUF 35 billion upgrade and expansion at its pet food plant...

Retail

Czech retail sales growth eases in September

The Czech retail sales accelerated 3.4% year-on-year in September, after a 4.6% growth in August, data from the Prague-based Statistical...

Transport

1,600 km of bike paths developed in Hungary

So far, 1,600 kilometers of such development have been implemented in Hungary this year, Minister for Innovation and Technology László...

Transport

Romania to buy 37 electric trains from Alstom

Italy-based Alstom Ferroviaria SpA on Thursday won the tender to deliver 37 new electric trains for passenger transport kin Romania,...

Ecosystem

Leanpay raises series A round from Lead Ventures

Budapest-based Lead Ventures is set to provide Slovenian BNPL scaleup Leanpay, a company that provides instant installment payment solutions in...

Pharma

Richter Q3 earnings climb on higher sales, financial gain

Third-quarter net income of Hungarian pharmaceuticals company Gedeon Richter rose 69.2% year-on-year to HUF 38.2 billion, boosted by higher sales...

Manufacturing

Industrial production volume declines in September

In September 2021, the volume of industrial production fell by 2.3% year-on-year, according to raw data by the Central Statistical...

Pharma

MÁV-Volán group offers incentives for inoculation

State-owned railway and bus group MÁV-Volán is offering all of its workers who have already been vaccinated against the coronavirus...

Transport

Waberer’s books Q3 net income over EUR 3 mln

Listed Hungarian haulier Waberer's had third-quarter recurring net income of EUR 3.3 million improving from a EUR 1.1 mln loss...

Appointments

Gala Marks 30 Years of BCCH Supporting Business in Hungary

The British Chamber of Commerce in Hungary (BCCH) celebrated the 30th anniversary of its foundation with a gala evening at...

Ecosystem

OXO board clears investments in fintech, cybersecurity startups

Listed holding company OXO Technologies on Friday said its board approved potential investments in Romanian fintech company Finqware and U.K....

Business

Budapest’s District VI Adopts Outdoor Advertising Ban to Protect Historic Streetscape

Budapest’s District VI council approved a ban on outdoor advertising Thursday in order to protect Terézváros’ historic streetscape and reduce...

Sustainability

Enthusiastic Visionary Optimistic About Sustainable Future

Nándor Kovács jokingly describes himself as a “revolutionary” when it comes to real estate sustainability. Spend just a little time...

Pharma

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

Interview

Rethinking Data Strategies From Storage to Recovery

As Hungarian businesses manage increasingly fragmented data and face more sophisticated cyberthreats, reliable recovery is becoming a board-level priority....

Wizz Air Enters Winter With Fuel Hedges and Record Summer Traffic

Discount airline Wizz Air is preparing for winter with more than EUR 2.2 billion in liquidity and fuel hedges covering...

Older Small Cars Rise in Price as Hungary’s Budget Used-Car Supply Shrinks

Suzuki Swift asking prices rose 25.8% year-on-year in September as the share of used cars below HUF 2.5 mln shrank,...

Budapest’s District VI Adopts Outdoor Advertising Ban to Protect Historic Streetscape

Budapest’s District VI council approved a ban on outdoor advertising Thursday in order to protect Terézváros’ historic streetscape and reduce...

Lake Balaton Cycling Upgrades to Add Wider Paths and New Bridges

Nearly 20 km of the Lake Balaton cycling circuit will be renovated under two programs financed through EU and domestic...

Enthusiastic Visionary Optimistic About Sustainable Future

Nándor Kovács jokingly describes himself as a “revolutionary” when it comes to real estate sustainability. Spend just a little time...

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

Rethinking Data Strategies From Storage to Recovery

As Hungarian businesses manage increasingly fragmented data and face more sophisticated cyberthreats, reliable recovery is becoming a board-level priority....

Resident Evil Game Prices Rise Around Film Premiere

Physical console editions of several Resident Evil games rose in price around the film’s Sept. 17 theatrical release, according to...

FDA Accepts Richter’s Fylrevy Menopause Therapy Application for Review

The U.S. Food and Drug Administration (FDA) has accepted Gedeon Richter’s new drug application for Fylrevy, the Hungarian pharmaceutical company...

DUIHK Central to the German-Hungarian Bilateral Economic Relationship

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

Egis Opens Major Pharmaceutical Distribution Center in Fót

Egis has opened a distribution center in Fót with capacity for 30,000 pallets, expanding its finished-product logistics operations to support...

Civil Engineering Surge Masks Decline in Building Construction

Civil engineering output more than doubled in Hungary in August, while building construction declined and the volume of new contracts...

Workload Outweighs Pay as Source of Workplace Distress

Workload, lack of recognition and job insecurity drive workplace distress among Hungarian employees, while pay remains their top priority, according...

CBRE Hungary Expands China Desk as Chinese Clients Pursue European Projects

CBRE Hungary has appointed Tu Yunfeng as business development manager at its China Desk, expanding the Budapest-based team as Chinese...

Spar Files New EU Complaint Over Hungary’s Retail Tax

Spar has filed another complaint with the European Commission over Hungary’s retail sector tax, arguing that amendments offer relief only...