Business

Telco

MKB Bank profit climbs 43% in Q1-Q3

After-tax profit of MKB Bank rose 43% year-on-year to HUF 36.2 billion in Q1-Q3, an earnings report released Thursday shows,...

Industrial

CTP Announces Speculative Developments

The CEE industrial developer and logistics park operator CTP has announced plans to build around 150,000 sqm of speculative industrial...

Sustainability

Product Availability a Brake on Investment Despite Strong Demand

Commercial property investment for Hungary reached EUR 1.1 billion for the first three quarters of the year according to Savills...

Competition

Bulgarians afraid to start their own business

Although the level of entrepreneurship in Bulgaria for 2018/2019 has been growing, the percentage of Bulgarians who decided to start...

Office Market

Millennium Gardens construction reaches ground floor level

The construction of Millennium Gardens, TriGranit’s newest office development in Budapest, has reached the ground floor level, the developer tells...

Telco

MLSZ allocates HUF 1.12 bln in TAO funds to Felcsút

The Hungarian Football Federation (MLSZ) has allocated HUF 1.12 billion in so-called TAO funds to the football club of Felcsút...

Retail

EMAG sells more than 250,000 products on Black Friday

Online retail company eMAG.hu says that it has sold more than 250,000 products together with its 1,400 marketplace partners during...

Retail

Richter osteoporosis drug launched in Japan

Hungarian pharmaceutical company Gedeon Richter on Wednesday announced the launch in Japan of the biosimilar teriparatide, developed by its German...

Deals

Swiss Sika acquires Romania’s Adeplast

The Swiss producer of specialty chemicals for construction and industry Sika Group says it has agreed to buy Romanian mortars...

Interview

Czech state takes over operation of tolling systems from CzechToll

The Czech state has taken over the new toll system for trucks covering some 2,300 kilometers from subcontractor CzechToll, the...

Automotive

Polish October industrial output growth beats estimates

Poland’s industrial output growth slowed to 3.5% year-on-year in October, down from 5.6% in September, according to the latest data...

Retail

E-Digital holds 2nd Black Friday event in 2019

Sales were dominated by kitchen appliances during retail company Extreme Digitalʼs second Black Friday promotion this year, held last weekend,...

Sustainability

K&H Q1-Q3 earnings reach HUF 37.7 bln

After-tax profit of Hungaryʼs K&H group, owned by Belgiumʼs KBC, reached HUF 37.7 billion in Q1-Q3, climbing 5% year-on-year when...

Retail

Retailers in trouble as labor shortage intensifies

The upcoming peak Christmas season will put an extra burden on retail stores due to serious staff shortages, news site...

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...