Business

Telco

Gross wages up 11.5% in August

The average gross wage for full-time workers in Hungary rose 11.5% year-on-year to HUF 358,876 in August, the Central Statistical...

Logistics

Prologis builds BIM-designed facility

Logistics real estate firm Prologis has begun construction of a new 14,000 square-meter speculative facility at Prologis Park Budapest-Harbor, the...

Interview

Von der Leyen okays Hungaryʼs candidate for commissioner

European Commission President-elect Ursula von der Leyen has approved Thierry Breton and Olivér Várhelyi as the nominees for her administration...

Deals

Affidea set to acquire Medical Service Budapest

The local unit of Affidea, a provider of advanced diagnostic imaging, outpatient and cancer care services with a presence in...

HR

Companies plan to pay more year-end benefits

While most businesses granted lower salary raises this year than planned, they are generally calculating with significantly higher end-of-year bonuses...

Interview

Half of Czech households set no family budget

Almost half of Czech households do not set a family budget, and one-third set no money aside at the end...

Logistics

Business confidence up, consumer confidence down in October

Economic research institute GKI’s Economic Sentiment Index, its combined gauge of consumer and business confidence, reached an almost three-year low...

Automotive

Hungarian-Israeli JV to develop self-driving bus comms system

Hungarian and Israeli business partners have established a joint venture to develop a communication system for dispatchers and passengers on...

Telco

Hungary R&D spending up 27% in 2018

Spending on research and development in Hungary came to more than HUF 654 billion, or 1.53% of GDP in 2018,...

Deals

Zentiva acquires CEE pharma business of Alvogen

Pharmaceutical company Zentiva has announced the signing of an agreement to acquire the CEE business of peer Alvogen, for an...

Innovation

Tungsram, iLex launch SME assistance platform

Hungarian legal IT startup iLex and lighting company Tungsram have announced the launch of an online platform aimed at helping...

Office Market

ExxonMobil to move into GTC Pillar office building

The ExxonMobil Global Business Center has signed a lease agreement, involving the entirety of the GTC Pillar office building, currently...

Transport

Budapest skies set for Wizz vs. Buzz battle

Ryanairʼs independent Polish subsidiary Buzz will take over the operation of the Irish budget airlineʼs base in Budapest from December,...

Telco

Photon Energy brings 5.6 MWp of PV online

Amsterdam-based Photon Energy NV has announced it has commissioned 5.6 MWp (megawatt-peak) of solar photovoltaic (PV) farms in the town...

Innovation

UAE royal family acquires 15% of CPI cryptocurrency project

The Emirati royal family has acquired 15% of the Crypto Price Index (CPI) project, which is creating a cryptocurrency analog...

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...