Business

Deals

MNB orders CIG Pannónia unit to prepare recovery plan

The National Bank of Hungary (MNB) ordered CIG Pannónia Első Magyar Általános Biztosító (CIG EMABIT), a unit of life insurer...

Pharma

European Aviation Safety Agency to open office in Budapest

The European Aviation Safety Agency (EASA) will open a contact office in Hungary under an agreement signed by Minister of...

Deals

United Group agrees to acquire Bulgaria’s Vivacom

BC Partners-owned United Group, a Dutch-based telecommunications and media company operating in southeast Europe, has agreed to acquire Vivacom, the...

Telco

Higher revenue, financial gain boost Richter Q3 earnings

The third-quarter net income of Hungarian pharmaceutical company Gedeon Richter jumped 151% year-on-year to HUF 22.2 billion, boosted by higher...

Telco

OTP earnings up 53% in Q3

Third-quarter consolidated after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 53% year-on-year to HUF 131.6 billion, lifted by...

Deals

Google to open up new centre in the Romanian capital

Google plans to invest more and expand its presence in Romania, by opening a new center in Bucharest after it...

Pharma

Amazon opens new logistics center in Poland

American e-commerce giant Amazon has officially opened a new logistics center in southwestern Poland, Polish Radio says, citing a report...

Automotive

Czech industrial production decline slows in September

The Czech Republic’s industrial production declined for the second straight month in September, albeit at a slower rate, figures from...

Interview

US to lift visas for Poles from November 11

Polish tourists and businesspeople will be able to travel to America without visas from November 11, President Andrzej Duda said...

Transport

Wizz Air signs partnership deal with Sixt

Wizz Air has announced the signing of a partnership deal with car rental firm Sixt, meaning that passengers will be...

Telco

MTel revenues steady, costs controlled in Q3

Third-quarter after-tax profit of Magyar Telekom (MTel) fell 10% year-on-year to HUF 13.0 billion as accounting changes offset a small...

Telco

Bakery firm plans share flotation in coming years

Baked goods maker Zalaco plans to list its shares on the stock exchange, possibly in 2022 or 2023, owner-CEO László...

Deals

Germany’s E.K.H. Plauen breaks ground on factory in Serbia

Germanyʼs E.K.H. Plauen has started construction of a EUR 3 million factory to produce garbage container wheels in Zrenjanin, in...

Competition

Orange chooses Romania to launch commercial 5G services

French telecom group Orange has chosen Romania as the first country to launch commercial 5G services, according to local news...

Telco

Innogy signs 10-year Polish PPA with brewer Asahi

German renewables firm Innogy SE says it has signed a 10-year power purchase agreement (PPA) with Polish beer producer Kompania...

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...