Business

Telco

BUX takes a pummeling in the morning

The Budapest Stock Exchangeʼs main BUX index was down 7.45% at 33,814.08 at noon on Thursday, state news wire MTI...

Automotive

Strong automotive sector output drives production growth in Jan

The volume of industrial production increased by 2.4% in January compared to the same period of the previous year, with...

Automotive

Bulgaria factory output shrinks in January

Bulgaria’s industrial production edged down 0.7% year-on-year in January, compared to an annual drop of 1.3% in the previous month,...

Interview

Number of Czechs at risk of income poverty rises

The average net income for a Czech household is nearly 7% higher than in 2017, but the number of people...

Telco

EIB backs Polish wind farm with EUR 60 mln loan

The European Investment Bank (EIB) says it has signed a EUR 60 million (USD 67.9 mln) agreement with Lithuanian Ignitis...

Deals

42% of Hungarian managers are women

Only one-third of senior executives in EU member states are women, but in Hungary, the proportion is much higher, with...

Transport

LOT suspends Budapest-Seoul flights

LOT Polish Airlines has decided to suspend flights from Budapest to Seoul until April 8, due to lower demand for...

Transport

Wizz Air suspends flights to Italy, Israel

Discount airline Wizz Air has announced suspending all flights to Italy starting today due to the Italian Prime Ministerʼs decision...

Transport

Ferenc Liszt Intʼl blocks flights from north of Italy

Ferenc Liszt International will stop accepting flights from Milan, Treviso, and Bergamo from Monday because of a lockdown there over...

Telco

Banking sector profits reach HUF 698 bln in 2019

Combined after-tax profit of Hungaryʼs banking sector rose 8.5% to HUF 698 billion last year, state news wire MTI reports,...

Deals

National Bank repays VirPay clients

The Supervisory Commissioner appointed by the National Bank of Hungary (MNB) paid out approximately 75% of the receivables to the...

HR

Employers must plan COVID-19 response, Baker McKenzie says

In the light of COVID-19ʼs appearance in Hungary, itʼs vital that employers are prepared in order to avoid possible infections...

Ecosystem

MNB gave away HUF 2.59 bln in support last year

According to the latest report published on its website, the National Bank of Hungary (MNB) supported 17 organizations in Q4...

Telco

Gen govʼt deficit reaches 69.37% of full-year target in Feb

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 254.6 billion deficit at the end of February, reaching...

Deals

MNB fines CIB Group units HUF 41 mln over infringements

The National Bank of Hungary (MNB) on Friday said it fined CIB Bank and CIB Lízing a combined HUF 41.2...

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...