Business

Transport

Wizz Air warns travel restrictions could keep capacity around 60%

Hungarian low-fare airline Wizz Air on Tuesday said its capacity is likely to be lower than anticipated in the third...

Retail

Coronavirus shifts retail focus from physical to online space

During the epidemic, 98% of retail tenants initiated consultations with their landlord, with whom they largely managed to agree on...

Appointments

Deputy chairman appointed at Magyar Bankholding

Former OTP bank executive Zsolt Barna has been appointed deputy chairman of Magyar Bankholding according to a press release sent...

Transport

MÁV to suspend sleeping, dining cars on international routes

Hungarian State Railways (MÁV) will suspend the service of sleeping and dining cars on its international routes in line with...

Automotive

SHARE NOW lowers fees, adds new subscription plan

Car-sharing company SHARE NOW lowered fees for its smallest cars, and introduced the Pass25 subscription plan in Budapest this month,...

Automotive

AutoWallis books H1 loss on narrower margin

Listed car seller AutoWallis had a first-half loss of HUF 773 million as sales margins narrowed, an earnings report released...

Manufacturing

SK Battery Manufacturing Kft. to raise headcount to 1,400 by 2022

South Korean-owned SK Battery Manufacturing Kft. has started recruiting and training workers for its electric vehicle battery plant in Komarom...

Deals

Bigger business volume lifts 4iG profit 34% in H1

A bigger order book lifted listed IT company 4iGʼs first-half after-tax profit 34% year-on-year to HUF 775 million, state news...

Construction

Sales volume of building materials declines

The sales volume of building materials and products used for high-rise construction, especially for residential construction, may have decreased by...

Residential

Avg monthly rent in Budapest falls to HUF 156,000 in Q2

Because of the coronavirus outbreak the average monthly rent in Budapest fell to HUF 156,000 at the end of the...

Office Market

LEED GOLD rating awarded to BudaPart GATE office building

The first office building of the new neighborhood BudaPart, handed over in February, has been awarded the LEED GOLD certification,...

Appointments

Compliance officer hired at bktp, adding new area to firmʼs practice

Law firm Bittera, Kohlrusz & Tóth (bktp) announced the appointment of GDPR expert Krisztina Tóth as compliance officer, according to...

Deals

New lease transactions signed at CPIʼs Gateway office complex

In the fall, two Hungarian subsidiaries of globally market-leading Swiss hearing aid manufacturer and distributor Sonova Group will move into...

Interview

ʼModern traditionsʼ in the kitchen, special attention to disinfection

The Budapest Business Journal asks Trattoria Pomo Dʼoro manager Attila Jáhner about measures introduced in the restaurant in the light...

Telco

Magyar Telekom expands 5G coverage

Magyar Telekom on Wednesday said it has expanded its 5G mobile telecommunications coverage to 23 settlements around the country, according...

Pharma

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Business

Finding the Circularity Hotspot – The Latest Issue of the BBJ

Irén Márta, managing director of the Business Council for Sustainable Development in Hungary, says “circularity has outgrown its role as...

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....

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Finding the Circularity Hotspot – The Latest Issue of the BBJ

Irén Márta, managing director of the Business Council for Sustainable Development in Hungary, says “circularity has outgrown its role as...

Hungary Among EU’s Most Expensive Countries for Mobile Services

A European Commission study comparing 2024 consumer telecom prices across the EU found that Hungary is among the most expensive...

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...