Business

Telco

Lidl raises watermelon price after criticism

Retail supermarket chain Lidl raised the price of watermelon to HUF 119/kg last weekend, caving in to pressure from the...

Retail

Kemenes confectionery opens on site of old Klapka jewellerʼs

The Kemenes confectionery and bistro has opened near the Great Market Hall in Budapest, at Vámház körút 9, where famous...

Sustainability

Hungarians need seven yearsʼ salary for new home – Deloitte

Although home prices in Hungary have risen at the fastest clip in Europe, it still takes Hungarians only a little...

Telco

Acquisitions boost OTP Bank earnings in second quarter

Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 18% year-on-year to HUF 105.4 billion, boosted by the...

Transport

American Airlines to fly Budapest-Chicago next year

American Airlines announced Thursday that it will launch direct seasonal flights between Chicago and Budapest from May 2020. The airline...

Telco

General govʼt deficit reaches 35.3% of full-year target

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 352.7 billion deficit at the end of July, thus...

Pharma

Richterʼs cariprazine cleared in Singapore, Thailand

Hungarian pharmaceutical company Gedeon Richter announced on Thursday that subsidiaries of its business partner Mitsubishi Tanabe Pharma Corporation have obtained...

Telco

MTel cuts costs, but financial loss, taxes hit earnings

Second-quarter net income of blue chip Magyar Telekom (MTel) dropped 2.6% year-on-year to HUF 13.4 billion as financial losses and...

Automotive

Magyar Suzuki hits three-decade peak in Esztergom

Magyar Suzuki has closed the strongest month in its 27-year history in Hungary, according to a press release sent to...

Interview

MNB policymakers continue to adopt cautious approach

The Monetary Council of the National Bank of Hungary (MNB) agreed that recent macroeconomic data are consistent with the central...

Automotive

Industrial output slips in June

The volume of industrial output declined by an unadjusted 1.4% year-on-year in June 2019, according to a first estimate of...

Telco

Tax changes weigh on Zwack profit

After-tax profit of Zwack Unicum, Hungaryʼs biggest spirits company, plunged 53% to HUF 231 million in the first quarter of...

Deals

MTB to make offer for 51% stake in Takarék Commercial Bank

Magyar Takarékszövetkezeti Bank (MTB) will make an offer of just under HUF 32 billion to acquire a 51% stake in...

Retail

CyBERG prepares to expand Kajahu concept to U.K., France

CyBERG Nyrt., a company listed on the Xtend platform of the Budapest Stock Exchange (BÉT) which runs Kajahu, a "social...

Telco

Richter earnings drop on lower margins and financial gains

Second-quarter net income of Hungarian pharmaceutical company Gedeon Richter fell 28% year-on-year to HUF 17.5 billion as margins narrowed and...

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...