Business

Deals

Stöllinger leaves helm of KPMG Hungary after 16 years

After 16 years at the helm, Robert Stöllinger, national senior partner at KPMG Hungary, is stepping down, effective September 30,...

Competition

Internal Audit and Control: Protect, Improve and Grow Your Business

In their latest Corporate Finance column, Les Nemethy and Sergey Glekov explain the importance of internal audit and internal control...

Deals

Buda Health Center building for sale

The Hungarian state is offering the hospital building at Királyhágó utca in District 12 for sale, at an initial price...

Ecosystem

Corvinus University reopens American Corner

The American Spaces program in Budapest, initiated by the U. S. State Department in cooperation with Corvinus University of Budapest,...

Construction

Construction output volume up 32.9% y-o-y in July

The volume of construction output, based on raw data, was 32.9% higher in July 2019 than a year earlier, according...

Deals

Fitch improves outlook for IIB long-term BBB+ rating to ‘positive’

Fitch Ratings has improved the outlook for International Investment Bankʼs long-term BBB+ rating from “stable” to “positive.” This is the...

Telco

Value of bank card purchases up, but still below cash

The value of Hungarian purchases with bank cards continued to climb in the double-digits in the second quarter, but the...

Construction

Construction sector shows bettering, despite lower activity

Even though the previous quarters saw a decline in the value of newly started construction works in Hungary, in Q2...

Competition

MindRove wins national startup contest

A Hungarian startup developing a brain-computer interface, MindRove, has won first prize at the INPUT Program’s first national startup competition,...

Telco

Three companies accepted for 5G auction

Magyar Telekom, Telenor Magyarország and Vodafone Magyarország have been registered by Hungaryʼs National Media and Infocommunications Authority (NMHH) for the...

Industrial

Real estate market closes weakest summer in 4 years

Real estate market turnover was significantly weaker than usual in August, as a result of which the market closed its...

Transport

LOT launches new marketing campaign in Hungary

LOT Polish Airlines says that it considers Hungary one of its key markets, hence it is launching an updated marketing...

Pharma

Hankook postpones plant expansion in central Hungary

South Korean tire maker Hankook has postponed a planned HUF 89 billion investment at its plant in Rácalmás (central Hungary),...

Telco

Hungary may launch 5G service this year, ITU chief says

Hungary could launch its high-speed 5G mobile network before the end of this year if plans remain on track, International...

Pharma

Biomanufacturer Conagen to build plant in E Hungary

U.S.-owned metabolic engineering company Conagen on Wednesday announced plans to build a HUF 15 billion plant in Kaba (eastern Hungary),...

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...