Business

Interview

Poland plans hike in unemployment benefits

Poland plans to give extra help to the unemployed, Prime Minister Mateusz Morawiecki announced, as new data indicated the economy...

Automotive

Romanian Q1 GDP growth weakest in near 6 years

Romania’s economic growth decelerated to 2.4% year-on-year in the first three month of 2020, compared to 5% annual increase in...

Telco

MNB FX swap stock practically flat after tender

The National Bank of Hungaryʼs stock of FX swaps, which the central bank uses to pump liquidity into the banking...

Retail

35% of Hungarians shop online more than ever, Mastercard says

The popularity of e-commerce is on the rise in Europe, with approximately 35% of Hungarians saying they have never shopped...

Sustainability

HUF 300,000 per sqm minimum for real estate in Budapest

There is no district in Budapest where the average price per square meter of real estate is below HUF 300,000,...

Telco

Magyar Posta to raise parcel delivery rates

State-owned Hungarian postal services company Magyar Posta will raise its domestic and international parcel delivery rates by an average of...

Transport

Lufthansa Group to start Budapest flights from June

Airlines belonging to the Lufthansa Group will offer 15 weekly connections to Budapest from June, according to a press release...

Automotive

GDP grows by 2.2% y.o.y. in Q1 2020

Hungaryʼs GDP grew by 2.2% according to raw data in the first quarter of 2020 compared to the same period...

Construction

Construction output volume down 3.4% y.o.y. in March

Based on raw data, the volume of construction output fell 3.4% in March 2020 compared to the same month of...

Automotive

Hungarian electric car use grew most in EU

Amid declining total market sales by a quarter, the share of electric vehicles among new cars launched in the European...

Competition

Hungarians’ Internet Access Among the Least Restricted

How free is access to the world wide web in Hungary? A recent report looks at a number of sources...

Interview

Bulgaria: VAT for restaurants and tourism sector will be reduced from next year

Prime Minister Boyko Borissov and representatives of restaurant, catering and entertainment establishment businesses agreed on May 12 that the value...

Automotive

Poland adds 236 MW of solar in two months

Polish grid operator Polskie Sieci Elektroenergetyczne (PSE) says the country reached 1.83 gigawatt (GW) of solar installations last month, pv-magazine...

Automotive

Automotive sector output drops almost one-fifth on pandemic shutdowns

Output of Hungaryʼs automotive sector, normally an engine of industrial growth, dropped by 19.8% year-on-year in March as factories shut...

Retail

Demand for home delivery spikes

Due to the epidemic, the demand for home delivery has greatly increased for hypermarket and supermarket chains, therefore a large...

Appointments

Hera Cuku Named Managing Director of Lilly Hungary

Eli Lilly has appointed Hera Cuku as managing director of Lilly Hungária Kft., bringing international leadership experience and a scientific...

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....

Hera Cuku Named Managing Director of Lilly Hungary

Eli Lilly has appointed Hera Cuku as managing director of Lilly Hungária Kft., bringing international leadership experience and a scientific...

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...