Business

Office Market

Fidelidade acquires office building in Budapest

Companhia de Seguros, S.A. (“Fidelidade”), a leading Portuguese insurance company, acquired BC 140, a multi-tenant office building in Budapest, through...

Telco

Magyar Telekom buys back HUF 10.2 bln of shares at auction

Magyar Telekom spent HUF 10.2 billion on 23,794,792 shares - close to 2.3% of the total - at a buyback...

Office Market

DVM group wins 2 awards at ‘Office of the Year’ contest

DVM group won two awards at ingatlan.com's "Office of the Year" competition, according to a press release sent to the...

Telco

Hungary’s 1st industrial 5G private network goes live at Foxconn’s factory

After a six-month test period at Foxconn's Komárom factory, Hungary's first industrial 5G private network is now live. The solutions...

Pharma

Richter considering expanding range of acquisitions

Hungarian pharmaceutical company Gedeon Richter is mulling an expansion of its range for potential acquisitions, CEO Gábor Orbán said in...

Residential

Cordia aims to realize almost half of total sales in Poland

In addition to the stable Hungarian performance and its international expansion, property developer Cordia is planning to sell 745 apartments...

Retail

Czech Republic retail sales slows in April 

Retail sales in the Czech Republic rose 7.5% year-on-year in April, easing from an upwardly revised 9.2% increase in the...

Deals

OMV selling Slovenian unit to MOL

Austrian oil and gas company OMV yesterday said it agreed to sell its Slovenian unit to Hungarian peer MOL Group...

Automotive

Romania’s Dacia to enter Australian market

The Romanian automobiles Dacia will be sold in Australia through the Renault importer on the local market - Ateco Group,...

Transport

Passenger transport segment hit by pandemic in Q1

Passenger transport performance declined significantly in the first quarter of 2021 due to the effect of the pandemic, with intercity...

Office Market

IMMOFINANZ wins ‘Office Branding of the Year’ award

IMMOFINANZ was awarded the “Office Branding of the Year Award" at the Office of the Year Competition for its myhive...

Residential

Pandemic drives up vacation property prices

As home price growth was squeezed during the pandemic, prices for getaway homes in Hungary's most popular vacation regions rose...

Appointments

Duncan Graham reelected as BCCH president

The British Chamber of Commerce in Hungary (BCCH) held its 30th annual general meeting last week. Duncan Graham was reelected...

Logistics

HelloParks to develop 400,000 sqm GLA logistics megapark

HelloParks, a member of Futureal Group, will develop a logistics park offering a total of 400,000 sqm of GLA in...

HR

About 12% of Hungarian companies plan new hires 

Around 12% of Hungarian companies plan to raise headcount in the coming quarter, state news wire MTI reports, citing a...

Industrial

PSS Expands Hungarian Capacity Serving BMW, Mercedes and Others

Premium Sound Solutions is expanding its Hungarian manufacturing footprint with a new purpose-built plant at LogStar Park Fehérvár in Szabadbattyán...

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....

PSS Expands Hungarian Capacity Serving BMW, Mercedes and Others

Premium Sound Solutions is expanding its Hungarian manufacturing footprint with a new purpose-built plant at LogStar Park Fehérvár in Szabadbattyán...

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...