Business

Incubators

Two local startups win mentoring at EIT Health InnoStars Awards

Two Hungarian startups - InSimu Patient and Sineko - were selected among 13 other teams to receive mentoring and training...

Telco

Higher turnover, lower costs lift ANY H1 earnings

First-half net income of bourse-listed ANY Security Printing Company Nyrt. rose 4.4% year-on-year to HUF 652 million as revenues climbed...

Pharma

Richter launches biosimilar teriparatide in Europe

Hungarian drugmaker Gedeon Richter announced that it has launched Terrosa in Europe, its biosimilar teriparatide used to treat osteoporosis, according...

Retail

Global Finance names OTP best digital bank in Hungary

Global Finance magazine has published its 2019 list of the best digital banks in the Central and East European region,...

Competition

Taxi apps gaining popularity in Budapest

While the majority of people in Budapest still order taxis over the phone, mobile apps are gaining traction, with the...

Deals

New cargo train route between China and Hungary

A new China-Europe freight train service has been launched between Jinan, capital of Shandong province in eastern China, and Budapest,...

Telco

Baromfi-Coop inaugurates poultry manure processing plant

Poultry breeder Baromfi-Coop, a member of the Master Good group, inaugurated a HUF 2.6 billion plant processing 60,000 tonnes of...

Deals

BÉT to set up securitization consulting firm

Shareholders of the Budapest Stock Exchange (BÉT) decided to establish a securitization consulting firm at an extraordinary general meeting on...

Competition

Hungarian SMEs tend to avoid summer shutdown

Domestic businesses tend to avoid summer breaks, with nine out of 10 Hungarian small and medium-sized enterprises (SMEs) avoiding a...

Telco

Around 20% of Hungarian lifts need replacing

Some 6,000 passenger elevators in Hungary should be replaced for maintenance, meaning around 20% of all such machinery in use...

Automotive

Automotive sector drags down June industrial output

Year-on-year output of Hungaryʼs automotive sector, a key engine of industrial growth in Hungary, slowed to 1.5% in June from...

Retail

Hungarian brand wins Red Dot Design Award

Young Hungarian brand Activé has taken home its first Red Dot Design Award with the packaging design of its FiberShake...

Ecosystem

V4 Startup Force application reopens

Budapest-based incubation agency Design Terminal on Monday announced the reopening of applications to its V4 Startup Force program, organized jointly...

Construction

Construction output up over 35% in H1 2019

Output of Hungaryʼs construction sector climbed 20.3% year-on-year in June, show data released Monday by the Central Statistical Office (KSH)....

Telco

Banking sector liquidity up in July

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

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...

Futureal Acquires Hungary’s Largest Outlet Center

Futureal has acquired Premier Outlet Budapest, Hungary’s largest outlet center, as it expands its Hungarian operations into direct investment in...

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...