Business

Telco

Hungary seeks higher postal services subsidy threshold

Hungary will ask the European Commission to raise the subsidy threshold for state-owned postal company Magyar Posta to allow it...

Telco

Expanding balance sheet boosts OTP earnings

Consolidated fourth-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 32% year-on-year to HUF 103 billion, lifted by...

Competition

Hungarian CEOs expect a slowdown in 2020, PwC says

While Hungarian CEOs are confident about their own companyʼs growth prospects, most of them expect a slowdown in both Hungarian...

HR

Reskilling gaining importance on Hungarian job market

Reskilling and upskilling are becoming increasingly important on the Hungarian job market due to reasons such as labor shortage and...

Competition

MNB certifies first ʼconsumer-friendlyʼ home insurance policies

The National Bank of Hungary (MNB) on Thursday said it issued its first "consumer-friendly" certification for home insurance products to...

Retail

Majority of Bulgarians over 18 are overweight

According to data of the World Health Organization, 61.7% of Bulgarians over 18 are overweight, which places the country close...

Competition

Prague agrees proposals to regulate Airbnb-type services

Prague City Council has agreed on proposals regulating short-term letting, most often mediated by Airbnb, obliging them to provide data...

Sustainability

Home loan outlays rise to HUF 77.7 bln in January

Hungarian banks signed home loan contracts worth HUF 77.69 billion in January, 23% more than in the same month a...

Construction

EBI survey finds mixed results for construction in Q4 2019

The latest EBI Construction Activity Report, shows the lowest construction figures in many areas in the past three years in...

Telco

Outlays, impact of weak forint lift corporate lending stock in January

Corporate lending stock of Hungarian banks rose in January from the previous month, lifted by net outlays and the impact...

Ecosystem

Lufthansa Systems opens office in Szeged

Lufthansa Systems will develop and test software solutions at a new office in Szeged, starting with 10-15 people, write Forbes.hu....

Automotive

Lithuania Q4 GDP growth revised lower

Lithuaniaʼs economy grew 1% on quarter in the three months to December 2019, less than an earlier estimate of a...

Telco

CJEU rules Hungary sectoral taxes compatible with EU rules

The Court of Justice of the European Union (CJEU) on Tuesday ruled that progressive, turnover-based taxes on retailers and telcos...

Retail

Four Marriott hotels in Hungary take part in ʼYou Eat, We Giveʼ charity

In 2019, throughout October and November, three Marriott hotels in Budapest and one located in Kecskemét donated the equivalent of...

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...