Business

Competition

1/3 of Romanian firms face bankruptcy in short- and medium-term

More than 280,000 Romanian companies, representing about a third of all active firms in the country, currently face a high...

Automotive

Poland retail sales grow in February

Poland’s retail sales rose sharply in February, figures from the Polish Statistical Office (GUS) show. Retail sales rose 7.3% year-on-year...

Ecosystem

IIB registers its 1st ever MTN program on Dublin Stock Exchange

Budapest-based International Investment Bank (IIB) managed to register its first-ever Medium Term Notes (MTN) program on the Dublin Stock Exchange,...

Retail

Matusz-Vad opens online food store for general public

Matusz-Vad Zrt., a company specializing in supplying the hospitality industry, has decided to open an online food store for the...

Automotive

Poland industrial production rises in February

Poland’s industrial production rose at a faster-than-expected rate in February, and producer price inflation slowed, figures from the Central Statistical...

Interview

Romania to pay benefits to workers temporarily sent home by firms

Romania’s Prime Minister Ludovic Orban announced that, under a provision to be included in the economic stimulus package, the state...

Interview

Private firms offer help as virus spreads in Poland

Private firms and individuals have offered to help public authorities amid a coronavirus emergency in Poland, news media have reported....

Interview

EU leaders to hold video conference to discuss fight against COVID-19 next week

The EU leaders’ summit, scheduled for March 26-27 was suspended over new coronavirus concerns, according to a statement by the...

Transport

Wizz Air to cancel flight to Kutaisi and Tirana

Wizz Air has announced the cancelation of its flights between Budapest and Kutaisi from March 21 until April 20, and...

Telco

MOL and OTP lift BUX, forint strengthens

The Budapest Stock Exchangeʼs main BUX index finished Friday up 4.97% at 30,959.94, lifted by big advances by oil and...

Competition

Most businesses in Budapest had no crisis plan

Approximately 93% of companies in Budapest view future business prospects as unfavorable and about 78% of them had no emergency...

Retail

Online shopping demand up dramatically

Shopping habits have changed as a result of the coronavirus epidemic, but delivery times for groceries ordered online have become...

Automotive

Construction of BMW’s Debrecen plant to continue

BMW has announced that the construction of its EUR 1 billion factory in Debrecen (225 km east of Budapest) will...

Telco

BUX struggles to climb, forint weakens

The Budapest Stock Exchangeʼs main BUX index finished up 0.1 % at 29,494.19 Thursday after losing 6.54% on Wednesday, while...

Automotive

Poland employment, average gross wages up in February

Employment in Poland’s enterprise sector, which concerns units employing more than nine persons, rose by an annual 1.1% to 6.446...

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...