Business

Office Market

OTP Real Estate Fund Buys Corvin Technology Park

Futureal Group has sold the Corvin Technology Park, the fifth office block at the Corvin Promenade complex, to the OTP...

Office Market

Latest Atenor Project due to Complete Next Year

Belgium-based Atenor has launched its latest Budapest office development, the Aréna Business Campus, with the opening of a showroom at...

Fintech

Viber-Mastercard money transfer service debuts in Hungary

Rakuten Viber users will soon be able to send money to each other via a new, Hungarian-developed service called Moneytou,...

Interview

V4 presidents meet in Czech Republic

The Presidents of the Visegrad Four (V4) countries (Czech Republic, Hungary, Poland and Slovakia) met on Wednesday in Lany Chateau,...

Telco

Antidepressant sales skyrocket in Hungary

The value of antidepressants sold in Hungary grew by 48%, while the quantity sold grew some 26% between September 2018...

Incubators

Happy at Work opens office in Budapest

Swedish startup Happy at Work has decided to open an office in Budapest, after participating in Design Terminalʼs spring mentoring...

Automotive

New car registrations up 8.6% in September

New car registrations in Hungary rose 8.6% from a year earlier to 9,655 in September, Carinfo.hu reported Tuesday. In January-September,...

Pharma

Sanofi opens SSC in Budapest

French pharmaceutical company Sanofi has opened a shared services center (SSC) in Budapest, creating 350 jobs with high added value,...

Telco

FrieslandCampina completes plant expansion in NE Hungary

Dutch multinational dairy cooperative FrieslandCampina, the manufacturer of classic Hungarian chocolate-covered curd bar Pöttyös Túró Rudi and Milli products, has...

Deals

DVM group names new head of design & build

Integrated building services provider DVM group has appointed Gyula Malata to the helm of the companyʼs design & build (D&B)...

Telco

Tarlós orders review of bids in Chain Bridge tender

Budapest Mayor István Tarlós has ordered a review of bids submitted in tenders for the renovation of the capitalʼs landmark...

Incubators

Design Terminal begins fall startup mentoring program

Hungarian incubator Design Terminal has officially started its fall mentoring program, with nine new startups - seven from Hungary, one...

Innovation

Infineon Technologies launches HUF 32 bln expansion

German semiconductor manufacturer Infineon Technologies laid the cornerstone of a HUF 32 billion expansion at its base in Cegléd (central...

Telco

Surplus at 1.3% of GDP in H1 2019

Preliminary data show that the surplus of the general government sector in the first half of 2019 was HUF 295...

Telco

BKK announces bids for Chain Bridge renovation

The Center for Budapest Transport (BKK) on Friday announced the bids it received in tenders to renovate the capitalʼs landmark...

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...