Business

Competition

Govʼt expands ways MFB may finance investments

Hungaryʼs government has expanded the ways the Hungarian Development Bank (MFB) may finance investments beyond its legal mandate in a...

Transport

Polish national carrier LOT plans pay cuts

National carrier LOT Polish Airlines has said it will cut wages for some staff amid the coronavirus crisis but is...

Interview

Chinese CITIC acquires majority stake in Czech media group

The Chinese state concern CITIC has acquired a majority stake in one of the largest Czech media houses, Médea, the...

Office Market

Budapest modern industrial stock up 40,010 sqm in Q1

The total modern industrial stock in Budapest and its surroundings stood at 2,286,970 sqm at the end of Q1 2020,...

Telco

Retail govʼt security stock grows HUF 29.6 bln in Q1

The outstanding stock of forint retail government securities rose HUF 29.6 billion to nearly HUF 9.104 tln in the first...

Retail

BorsodChem donating cash, masks and disinfectant to community

The Chinese-owned Hungarian chemical raw material maker BorsodChem has provided HUF 20 million, 10,000 liters of disinfectant and 10,000 masks...

Transport

New protective gear arrives in Hungary

Six million masks and three million gloves arrived on what Hungary calls its China airbridge today (Saturday), Minister of Foreign...

Interview

Polish firms aim to make 100 mln masks by end of June

Polish companies aim to make 100 million masks by the end of June as the country ramps up its efforts...

Interview

Poland to reopen parks and forest on Monday as it starts easing curbs

Poland will reopen parks and forests today (April 20) and then revise the rules on the number of customers allowed...

Interview

Czech schools to reopen partially ahead of summer holidays

Czech schools will not fully reopen before the start of the summer holidays, according to a timetable approved by the...

Telco

MNB adopts further anti-cyclical easing measures

The Financial Stability Council (FSC) of the National Bank of Hungary (MNB) decided on Thursday that it will adopt further...

Deals

MOL closes acquisition of stake in Azeri oil field

Hungarian oil and gas company MOL said it closed the acquisition of a 9.57% stake in the Azeri-Chirag-Gunashli oil field...

Competition

Hungary in top 10 with fastest internet speeds

Hungary was ranked one of the 10 fastest countries in the world in terms of internet network speed in 2019,...

Telco

Govʼt to lower VAT on brownfield home construction to 5%

Hungaryʼs government will lower the VAT rate for home construction at brownfield sites to 5% from 27%, Gergely Gulyás, the...

Construction

Construction output volume up 2.5% in February

The output of Hungaryʼs construction sector was 2.5% higher in February 2020 than a year earlier, according to data by...

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...