Business

Deals

Kövér recovers from medical emergency on plane

László Kövér, the Fidesz speaker of Hungary’s National Assembly, collapsed while en route back from Kazakhstan, forcing the Slovakian government...

Telco

Higher sales, lower financial loss lift AutoWallis earnings

First-half after-tax profit of listed auto trader AutoWallis more than doubled to HUF 482 million, from HUF 176 mln in...

Competition

EU directive to tighten regulations on retail chains

Agricultural and food suppliers will be protected from unfair trading practices by a EU directive applicable from November 1, 2021,...

Pharma

Talks on Budapest-Belgrade rail financing to be accelerated

Talks between Hungaryʼs Ministry of Finance and China Exim Bank on financing of the upgrade of the Budapest-Belgrade rail line...

Office Market

Brown-Forman to move to Flórián Udvar

Brown-Forman, one of the largest American-owned producers in the alcohol business, has found its new Hungarian location with the assistance...

Deals

Motorists buys 4.6 mln vignettes in summer

Motorists using Hungaryʼs motorways purchased 4.6 million vignettes during the three summer months this year, with more units sold of...

Telco

Deficit confirmed at 51.2% of full-year target for August

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 510.8 bln deficit at the end of August, reaching...

Telco

Second big petrol price hike in a week looms

Oil and gas company MOL announced rises in the price of petrol by HUF 7/liter and of diesel by HUF...

Logistics

Business confidence plunges sharply in September

GKIʼs Economic Sentiment Index, its combined gauge of consumer and business confidence, fell to a two-and-a-half-year low in September, within...

Office Market

Liberty Office Building’s green experience offers competitive edge

“Green companies” have a big competitive edge when it comes to operating costs, and hiring and retaining employees. The key...

Competition

Hungarian Competition Authority Acting Efficiently for Consumers

Misleading business-to-consumer information may lead to significant fines. Two recent decisions of the Hungarian Competition Authority (GVH) prove that it...

Ecosystem

MOL welcomes 113 young professionals in Groww program

More than 100 young professionals started their international careers in September 2019 at MOL Group’s Growww program for fresh graduates,...

Office Market

FLE portfolio value reaches EUR 1 bln, with 98.5% occupancy

FLE GmbH, a member of the LFPI group, says that the occupancy rate at its portfolio in Austria, Germany and...

Retail

Ministry of Agriculture awards Penny Market

The local unit of German discount supermarket chain Penny Market has been presented with an award by Zsolt Feldman, state...

Industrial

Thyssenkrupp moves Budapest competence center

Germanyʼs thyssenkrupp is moving its Budapest automotive industry development centre to a bigger base in the capital and adding more...

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...