Business

Automotive

Romania industrial production falls in February

Romania’s industrial production fell in February, driven by a decline in energy, the latest data from the Bucharest-based National Institute...

Automotive

Automotive sector output growth slows to 5% in Feb

Output of Hungaryʼs automotive sector, an engine of industrial growth, rose 5% year-on-year in February, decelerating from the previous month,...

Automotive

Hankook Tire restarts production in Hungary

South Koreaʼs Hankook Tire restarted production at its plant in Hungary on Tuesday, according to a report by state news...

Retail

’Our Street’ community platform given support by MOL Limo

In response to the epidemiological situation that has developed in recent weeks, the local community-building platform Miutcánk (Our Street) has...

Transport

Wizz Air fires 1,000 staff to mitigate COVID-19 financial impact

Discount airline Wizz Air announced a decision to fire 1,000 of its employees, a workforce reduction of 19%, and cut...

Telco

Hungary ICT sector revenue climbs 6.6% in Q4

Revenue of Hungaryʼs ICT sector rose 6.6% year-on-year to HUF 1,047 billion in the fourth quarter, state news wire MTI...

Office Market

Construction of Aréna Business Campus Building ʼAʼ complete

Belgian real estate developer Atenor has completed Building "A" of its Aréna Business Campus, meeting the deadline of the original...

Interview

Škoda extends halt on car manufacturing to end of April

Car manufacturer Škoda Auto has decided to extend its production halt at its three Czech factories to at least April...

Office Market

Budapest office vacancy rate reaches 6.2% in Q1, BRF reports

Budapestʼs total modern office stock added up to 3,740,990 sqm in Q1 2020, with the office vacancy rate reaching 6.2%...

Deals

Zentiva closes takeover of Alvogen’s business in Romania, Bulgaria, Croatia

Pan-European pharmaceutical company Zentiva Group said on April 7 that it has completed the acquisition of U.S.-based Alvogen’s Central and...

Interview

Poland unveils new anti-crisis package

Poland has unveiled a new package worth more than PLN 11 billion (EUR 2.43 bln) to help the economy amid...

Automotive

Romania GDP expands in Q4

Romania’s economy grew a seasonally adjusted 1.5% sequentially in the fourth quarter of 2019 after rising 0.6% in the third...

Interview

More than 55,000 Poles flown home by gov’t in airlift operation

More than 55,000 Poles have returned home on 388 special flights chartered by the government amid the coronavirus pandemic, Polish...

Deals

MOL withdraws 2020 EBITDA guidance

Hungarian oil and gas company MOL on Wednesday said it is withdrawing its guidance for 2020 EBITDA because of uncertainty...

Telco

Gen govʼt deficit swells in March on pandemic measures

Hungaryʼs cash flow-based general government deficit, excluding local councils, reached HUF 831.9 billion at the end of March, the Finance...

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...