Business

Deals

Richter secures agreement to sell Myovant drug relugolix

Healthcare company Myovant Sciences and pharmaceutical company Gedeon Richter announced that they have entered into an exclusive license agreement for...

Telco

Average gross earnings at HUF 375,200 in January

In January 2020, both average gross earnings and average net earnings grew by 9.2% compared to the same month of...

Retail

Socialite Isolation: Painless Ways to Adjust to Homeworking

Homeworking is now the logical and perhaps the only way for many businesses to keep going in these coronavirus-inspired interesting...

Deals

Trends in Translation: AI is Here, but Transcreation is on the Rise

According to independent market research firm Common Sense Advisory (CSA), the global translation industry is set to grow to USD...

Deals

Cordia International raising HUF 12 bln in capital

The shareholders of Cordia International Zrt. decided to increase the capital of the company by HUF 12 billion, according to...

Retail

How AI is Reshaping Manufacturing

It takes a lot less investment to set up an AI-driven quality control scheme than most company execs would think....

Telco

AutoWallis to acquire largest Hungarian Opel dealership

The Board of Directors of AutoWallis Plc. has decided to acquire Wallis Kerepesi Kft., the operator of the largest Opel...

Telco

Duna House changes dividend proposal in light of pandemic

The board of listed real estate broker Duna House said it changed its dividend proposal because of uncertainty surrounding the...

Transport

Wizz Air transports medical equipment from China to Hungary

Last weekend, five planes of discount airline Wizz Air were used to transport medical equipment ordered by the Hungarian government...

Transport

Qatar Airways introduces coronavirus policy

Qatar Airways has launched a new commercial policy in reaction to the COVID-19 outbreak, meaning that passengers that have booked...

Industrial

Budapest Office Vacancy put at Historic low of 5%

Total modern office stock in Budapest now stands at around 3.7 million sqm according to the Budapest Research Forum (consisting...

Deals

Kodály Phili Aiming to be Debrecen’s Most Important Cultural Pillar

The Budapest Business Journal speaks with Budapest-born but Debrecen-based music director Dániel Somogyi-Tóth about the cultural plans of the city,...

Interview

Czech central bank slashes key rate to 1%

The Czech National Bank cut the main interest rate by 0.75 percentage points on March 26 to 1%, following a...

Office Market

New pre-lease in Váci Greens Building E

A major software development company has signed a 7,500 sqm pre-lease at Atenor’s Váci Greens Building E with the help...

Deals

Pork prices plummet

Over the past few days, the price of live pigs has fallen, having previously peaked due to African swine fever...

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....

Citi Appoints Zoltán Schwardy as Country Officer and Banking Head for Hungary

Citi has announced the appointment of Zoltán Schwardy as Citi country officer (CCO) and banking head for Hungary, effective Sept....

Budapest Office Vacancy Rises to 13.1% as Leasing Demand Falls Year-on-Year

Budapest’s office vacancy rate rose to 13.1% in the third quarter of 2026, while total leasing demand fell 9% year-on-year,...

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....