Business

Automotive

AutoWallis registers strong Q1-Q3 sales results

In the first nine months of 2019, AutoWallis managed to increase its new vehicle sales by one-fifth, while its used...

Competition

Antenna Hungária acquires 25% of Telenor Hungary

The PPF Group has sold a 25% stake of the Hungarian Telenor companies, Telenor Hungary and Telenor Real Estate to...

Automotive

Bosnia industrial output contracts further in September

Industrial production in Bosnia and Herzegovina slumped 7.4% year-on-year in September, following a 5.9% fall in the previous month, the...

Deals

4iG assigned rating for participation in MNB bond scheme

Listed IT company 4iG has been assigned an issuer rating as a prerequisite for participation in the Bond Funding for...

Automotive

Audi Hungaria to cut number of workers on fixed-term contracts

Audi Hungaria is not laying off employees, but reducing the number of its workers on fixed-term contracts depending on market...

Competition

IoT, 5G, AI to Change Telco Market in Coming Years

The Budapest Business Journal asks Chief Commercial Officer at Telenor Hungary, Mohamed ElSayad about the situation of the telco market,...

Competition

Hungary’s Hottest Mobile Telephone Handsets

When it comes to the most popular handsets in circulation, the Hungarian market largely follows international trends, with Samsung, Huawei...

Competition

Market Talk: Ready for Transformative new Tech

Hungarian telco providers face a market that is on the brink of major changes at its core: emerging new technologies...

Competition

Fifth-generation Service Arrives in Hungary

Fifth-generation cellular network technology is already a reality in about 20 other countries, so it was only a matter of...

Office Market

ExxonMobil Signs for 27,000 sqm at GTC Pillar

In what is described by developer GTC as the largest deal in an office building that is under construction in...

HR

One in four Romanian companies would import workers

Some 25% of Romanian companies, particularly in sectors such as hospitality or construction, but more recently also business process solutions...

Sustainability

1,000 low-cost flats to be built in Warsaw

About 1,100 low-cost apartments for rent will be built in northern Warsaw as part of the Polish government’s "Home-plus affordable...

Pharma

Slovenian Gorenje to split into two companies

Slovenian household appliances maker Gorenje will be split into two companies as part of group integration, a year after it...

Telco

MOL Q3 profit drops as financial losses grow

Hungarian oil and gas company MOLʼs third-quarter net income fell 34% year-on-year to HUF 59.8 billion as revenues declined and...

Manufacturing

Dunaferr announces major layoffs

Steel manufacturer Dunaferr announced it will cut the number of its employees by 350 by December 31, 2020, says a...

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...