Business

Construction

Construction output volume up 5.9% in August

Output of Hungaryʼs construction sector climbed 5.9% year-on-year in August, show monthly data issued Wednesday by the Central Statistical Office...

Transport

Magyar Posta expects to deliver 14% more parcels this year

State-owned Magyar Posta expects to deliver 14% more parcels and packages this year than the 41 million it handled in...

Ecosystem

Applications open for OTP Startup Partner Program

OTP Bank has opened applications for next springʼs OTP Startup Partner Program, whereby selected startups have the opportunity to develop...

Telco

Plusz bond stock nears HUF 2.3 tln

Subscriptions for Hungarian Government Securities Plus (MÁP Plusz) bonds for retail investors reached HUF 77.4 billion in the 19th week...

Automotive

Joyson Safety Systems plans expansion in Miskolc

Chinese-owned automotive supplier Joyson Safety Systems will invest HUF 16 billion to expand its plant in Miskolc (NE Hungary), Minister...

Industrial

ITK Holding lays cornerstone of HUF 2 bln expansion

Hungarian bus maker ITK Holding laid the cornerstone of a HUF 2 billion production hall at its base in Debrecen...

Automotive

Automotive output growth slows to 2% in August

Year-on-year output of Hungaryʼs automotive sector, a major engine of industrial growth, edged up 2.0% in August, slowing sharply from...

Deals

Kiss takes control of all E.ON business in Hungary

Attila Kiss, the CEO of German energy giant E.ONʼs Hungarian unit, has assumed responsibility for all businesses and activities of...

Pharma

Envision to open Szeged office

Envision Pharma Group has announced the opening of a new office in Szeged (171 km south of Budapest) in the...

Telco

Banking sector liquidity rose in September, MNB says

Forint liquidity of Hungaryʼs banking sector rose in September from a month earlier, which was mainly reflected in an increase...

Competition

Andy Vajnaʼs will disappears, widow inherits USD 123 mln firm

The will of the late Hollywood producer Andy Vajna has disappeared, meaning that his widow Tímea Vajna has inherited the...

Telco

Foreign workers’ income in Hungary at record HUF 278 bln

The income of foreign workers in Hungary grew 30% to a record HUF 278 billion last year, index.hu says....

Pharma

Slovenian BSH subsidiary building EUR 3 mln new development center

BSH Hišni Aparati, the Slovenian subsidiary of the Bosch and Siemens Home Appliance Group, has started building a new EUR...

Automotive

Romania’s real annual net wage growth slows in August

Average net monthly wages in Romania grew by a real 9.8% year-on-year in August, after gaining 10.6% in July, the...

Retail

IKEA to open first store in Slovenia in 2020

Swedish furniture retailer IKEA will start building its first store in Slovenia in October, with construction expected to be completed...

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...