Business

Sustainability

Duna House sees lower activity, higher prices in Q2

Investors were less active on the real estate market in the second quarter of 2019 than a year before, with...

Telco

Chemicals industry expands 7.8% in 2018

Hungary’s chemicals industry grew 7.8% last year, outpacing the average growth of the sector in the European Union; this year’s...

Deals

University admissions lead to housing rental boom

The publication of higher education admission thresholds on July 24 is expected to lead to a boom in the housing...

Retail

Tesco Shrugs off Speculation to Remain Hungary’s Retail King

Tesco Hungary remained at the top of the local FMCG market with its gross turnover for the last year of...

Retail

E-commerce Spreading its Fast Moving Net

The fast moving consumer goods category was the fastest growing sector in the e-commerce market in 2018, according to recent...

Transport

Building Air Bridges Eastward

Air travel issues like congestion and delays are not going to go away; in fact, they are becoming more severe...

Telco

Gov’t pays more than HUF 10 bln annually to Hungaroring

The Hungarian government grants more than HUF 10 billion annually to the Hungaroring Formula 1 motorsport racetrack in Mogyoród (22...

Deals

First double-decker train for MÁV rolled out

The first double-decker "KISS" train, produced by Switzerlandʼs Stadler for Hungarian State Railways (MÁV), was ceremonially rolled out Tuesday in...

Deals

Mészáros Group buys minority stake in Tigáz from MET Group

Status Energy Private Equity Fund, a holding of the investor Lőrinc Mészáros, has acquired a 49.57% stake in regional gas...

Construction

Construction output slows in May

Output of Hungaryʼs construction sector climbed 26.3% year-on-year in May, data released by the Central Statistical Office (KSH) on Tuesday...

Telco

HUF 104 mln unspent on Sziget FestiPay cards last year

Festival-goers left more than HUF 104 million unspent on their FestiPay cards at 2018ʼs Sziget Festival, with the money staying...

Retail

E.ON set to win EU approval for Innogy deal

German electric utility giant E.ON is expected to win EU antitrust approval to buy rival Innogy’s network and retail assets,...

Ecosystem

State grants to R&D projects to boost competitiveness

Hungarian SMEs and large enterprises may both apply for state research and development grants, with support of HUF 500 million...

Telco

Jesuit Church installs payment terminal for donations

The Jesuit Church of the Sacred Heart in Budapest is the first organization to install a bank card terminal for...

Incubators

GENISAMA products for APFGP tech to debut in Budapest

American startup GENISAMA LLC will hold an exhibition and sale of its first products for new Autonomous Programming for General...

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...