Business

Industrial

Czech Reico investiční acquires Industrial Park Dubnica stage II, in Slovakia

REICO investiční společnost České spořitelny a.s. has acquired the industrial park Dubnica II in Slovakia from Invest4SEE Investment Holding GmbH,...

Deals

Budapest Becoming a top Spot for Winter Travel

Budapest can look forward to a strong Christmas and winter tourist season, with flight bookings to the Hungarian capital from...

Transport

Wizz Air calls for end to business class on short-haul journeys

The Budapest-based low-cost carrier Wizz Air says old-fashioned travel has expired, and has called on traditional airlines to stop flying...

Telco

Jan-Nov gen govʼt deficit reaches 76.7% of full-year target

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 766.3 billion deficit at the end of November, reaching...

Incubators

4 Hungarian startups picked for Hello Tomorrow Global Challenge

Four Hungarian startups were selected as a "deep tech pioneer" at Hello Tomorrow Global Challenge, meaning that they get a...

Industrial

Magnus subsidiary takes order for 100 Il-103 aircraft

Aviation Engineering, the subsidiary of Hungaryʼs Magnus Aircraft, has received orders for the first 100 Il-103 aircraft, worth USD 30...

Telco

Salon candy sales to grow 2-3%

The turnover of seasonal sweets will increase by 2-3%, to more than HUF 10 billion in December, reports news site...

Competition

FB fined HUF 1.2 bln for misleading users

The Hungarian Competition Authority (GVH) has fined social media giant Facebook HUF 1.2 billion, saying that the company misled users...

Telco

Number of SMEs up 4.1% in 2018

There were 748,951 small and medium-sized businesses operating in Hungary in 2018, up 4.1% from a year earlier, state news...

Retail

40% of Polish shoppers opt for eco-friendly packaging, study finds

Nearly 40% of Poles bring their own reusable bags to supermarkets for weighed goods, and almost everyone uses reusable shopping...

Retail

Gin-filled Christmas tree baubles now available in Hungary

Regional startup Loco Shark is bringing a truly disruptive Christmas idea to Hungary: tree baubles, filled with gin, according to...

Automotive

Hungary industrial output climbs 6.1% in October

Output of Hungaryʼs industrial sector rose 6.1% year-on-year in October, state news wire MTI reports, citing a first reading of...

Telco

Banking sector earnings climb more than 10% in Q1-Q3

Consolidated after-tax profit of the Hungarian banking sector rose 10.5% year-on-year to HUF 560 billion in Q1-Q3, data released by...

Automotive

Latvia industrial production growth slows in October

Latvia’s industrial production grew at the softest pace in October after rising in the previous month, data from the Central...

Incubators

First agricultural startup incubator launches

The first Hungarian agricultural incubator program has been launched with large corporate partners, co-organizer Design Terminal tells the Budapest Business...

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...

Revolut Links Service Disruption to Google Cloud Outage

Revolut has attributed its Oct. 20 service disruption to a Google Cloud outage, telling customers that normal operations were restored...

Serbia Says MOL Deal for NIS Stake Signed; MOL Reports No Disclosure Update

A contract for MOL’s acquisition of a stake in Serbian oil and gas company NIS from Russia’s Gazprom Neft has...

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...