Business

Telco

OTT-ONE signs HUF 1.9 bln digital services contract

Listed firm OTT-ONE said Monday it has signed a contract to provide IT and digital security services worth a net...

Deals

New CEO takes helm at Mercedes-Benz Hungária

Mercedes-Benz Hungária announced today that Reinhard Münster has been appointed as new CEO effective July 15, 2019, replacing Jörg Schmidt,...

Retail

Apple co-founder coming to Budapest in October

At the invitation of CIB Bank and its parent company Intesa Sanpaolo, Apple co-founder Steve Wozniak will come to Budapest...

Telco

Parliament approves 2020 budget; slashes MTA funding

Lawmakers approved the 2020 budget with a vote of 127 for, 58 against, and no abstentions on Friday. The budget...

Ecosystem

More applicants invited for Fudan-Corvinus MBA

The Fudan-Corvinus Double Degree MBA Program is the highest-level program of Corvinus University of Budapest, which was launched in February...

Automotive

Automotive sector continues to drive industrial output in May

Year-on-year output of Hungaryʼs automotive sector, the main engine of industrial growth, rose 17.2% in May, the fastest rate since...

Retail

Árkád Budapest Food Loft project enters next phase

Budapest shopping mall Árkádʼs EUR 5.8 million Food Loft project has entered a new phase, with the development area being...

Retail

Seasonal jobs steal staff from trade

Some of the better paid seasonal jobs, especially in the field of tourism sweep up workers up from the trade...

Deals

ExxonMobil BSC Hungary introduces new name on 15th anniversary

ExxonMobil Business Support Center Hungary is celebrating 15 years supporting the company’s regional and global operations and has announced a...

Incubators

ScaleIT awaits scaleup applications for investment opportunity

ScaleIT invites scaleups from the region to apply for a chance to be one of 15 projects to pitch in...

Retail

McDonald’s starts Budapest home deliveries

The Hungarian unit of American fast food company McDonald’s has launched home delivery in Budapest through online food ordering platform...

Competition

Hungary joint 11th on Henley Passport Index

The Hungarian passport has been ranked joint 11th alongside Estonia on the 2019 Henley Passport Index, a global ranking of...

Deals

Magyar Telekom agrees to sell T-Systems Hungary to 4iG

Magyar Telekom (MTel) has agreed to sell its IT unit T-Systems Hungary Zrt. to 4iG Nyrt., the listed companies said...

Transport

Wizz Air adds flights to Transylvania, Kazan in Russia

Hungarian low-cost airline Wizz Air has announced daily flights to the Romanian city of Târgu Mureș (Marosvásárhely) from October, as...

Deals

Booking site Szallas.hu acquires Czech peer

Hungarian booking site Szallas.hu said on Monday it has acquired Czech peer Hotel.cz. The acquisition could boost Szallas.huʼs revenue by...

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...