Business

Automotive

Weekend traffic restrictions for heavy trucks to persist

Weekend traffic restrictions for heavy trucks will be extended into July and August, according to uzletem.hu....

Deals

AutoWallis Group to acquire 40% stake in Iniciál Autóház

AutoWallis Group announced that it agreed to acquire a 40% stake in Iniciál Autóház Ltd., a company with 25 years...

Retail

Country of origin label will be required for more meat

Based on the positive experiences of the labeling requirement introduced in the case of pork, the Ministry of Agriculture has...

Manufacturing

Czech manufacturing decline slows in June

The Czech Republic’s manufacturing sector deteriorated at a softer pace in June after the lockdown restrictions linked to the coronavirus...

Logistics

Prologis acquires site for new logistics park in Budapest

Logistics real estate firm Prologis announced the expansion of its Hungarian portfolio via the acquisition of a 13-hectare site in...

Retail

Building the Startup Community Thru Crowdfunding

Tokeportal bills itself as the first Hungarian equity-based crowdfunding platform, and one of the pioneers in Central and Eastern Europe....

Retail

Sampling ʼNew Normalʼ Business Sentiment

Now that the lockdown and restrictive measures introduced to keep the spread of the novel coronavirus at bay have been...

Deals

GalCap Europe buys Rumbach Center for German Fund

GalCap Europe, a real estate asset and investment manager specializing in Austria and Central Europe, has acquired the Rumbach Center...

Manufacturing

Electrolux ceases production of combi top freestanding refrigerators in Jászberény

Swedish appliances maker Electrolux has ceased production of combi top freestanding refrigerators at its base in Jászberény (about 65 km...

Deals

Cordia to book immediate profits of EUR 38.2 mln from Polnord takeover

Cordia International Zrt., has recently acquired 93% of Warsaw listed Polish residential developer Polnord S.A. through a combination of capital...

Telco

Jászai to acquire majority stake in 4iG

Gellért Jászai, the chairman-CEO of listed IT company 4iG, has agreed to acquire stakes in 4iG from listed holding company...

Residential

Budapest sees largest rent increase in Europe

Compared to 2018, the largest rental price increase in the whole of Europe took place in Budapest, where by 2019...

Ecosystem

Corvinus becomes 1st AMBA accredited business school in Hungary

The Corvinus University of Budapest has received accreditation from the Association of MBAs (AMBA), one of the world’s leading authorities...

Retail

‘Feed the Doctors’ Initiative Becomes Permanent Non-profit

“Feed the Doctors”, the initiative founded by members of Budapest’s restaurant scene at the height of the pandemic, has evolved...

Deals

Scope affirms Cordia rating

Scope Ratings has affirmed the "BB" issuer rating, with stable outlook, of Hungarian property developer Cordia International, Cordia said in...

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....

Revolut Users Report Disruptions to Payments, Transfers and Currency Exchange

Revolut users experienced problems with several services on Tuesday morning, including card payments, transfers and currency exchange, Hungarian fintech portal...

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...