Business

Transport

Wizz Air ends Budapest-Frankfurt flight

Wizz Air has announced that it will cease offering flights between Budapest and Frankfurt from April 30, the low-cost airline...

Deals

Deloitte Hungary appoints new tech advisory partner

Big Four firm Deloitte Hungary announced the appointment of Dániel Kiss as partner of its technology advisory branch, effective February...

Office Market

Budapest One Business Park named Europa Design WELL Project of the Year

Budapest One Business Park was named the Europa Design WELL Project of the Year 2019 at the EuropaProperty CRE gala,...

Retail

KitKat Gold to debut in Hungary

Nestlé announced bringing KitKat Gold to Hungary, making the country one of the first European markets of the candy bar,...

Telco

Opus makes offer for E.ON Hungária energy trader

Listed holding company Opus Global on Monday said it submitted a binding offer to buy E.ON Energiakereskedelmi (Eker), the energy...

Deals

Gen govʼt shows January surplus

Hungaryʼs cash flow-based general government balance, excluding local councils, had a HUF 90.4 billion surplus in January, the Finance Ministry...

Competition

DUIHK Investment Climate Survey open for participation

The German-Hungarian Chamber of Industry and Commerce (DUIHK) is set to publish its Investment Climate Survey 2020 in April. The...

Interview

Czech ČEZ plans to build car battery ‘gigafactory’

Czech power company ČEZ plans to build a "gigafactory" for batteries for cars in North Bohemia in the coming years...

Automotive

Czech industrial production falls in December

The Czech Republic’s industrial production declined further and its trade deficit increased in December, figures from the Czech Statistical Office...

Telco

Gross profit climbs, but other costs put Richter in red in Q4

Pharmaceutical company Gedeon Richter had a fourth-quarter net loss of HUF 12.5 billion, just a fraction over the HUF 12.3...

Retail

MNB warns against Facebook cryptocurrency scammers

The National Bank of Hungary (MNB) has issued a warning against scammers offering “pre-sales” of Facebook’s planned cryptocurrency Libra, says...

Pharma

Cigarette sales climb in 2019

Hungaryʼs National Tax and Customs Authority (NAV) recorded sales of 8.3 billion cigarettes last year, 11% more than in 2018,...

Deals

New CFO at DVM group

DVM group announced the appointment of István Szarka as chief financial officer, responsible for handling and controlling finances, as well...

Ecosystem

Food industry given HUF 360 bln in EU subsidies

The Hungarian food industry received more than HUF 360 billion in EU subsidies between 2014 and 2020, and the next...

Automotive

Paks output climbs to 16,286 GWh in 2019

The output of the Paks nuclear plant, Hungaryʼs sole commercial generator of nuclear power, came to 16,286 GWh last year,...

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...