Business

Deals

Hungarian ITC bootcamps mull regional expansion

Due to remarkable success on the local market, Hungarian ITC bootcamps are targeting regional expansion. Offering super-fast IT and programming...

Telco

First-half general govʼt deficit at 39.1% of full-year target

Hungaryʼs cash flow-based general government, excluding local councils, ran a deficit of HUF 390 billion, or 39.1% of the full-year...

Incubators

Design Terminal closes spring mentoring, opens fall applications

After the close of a successful spring semester with a Demo Day on July 4, local incubator Design Terminal has...

Automotive

Industrial output climbs 8.7% in May

Industrial output in Hungary rose 8.7% year-on-year in May according to unadjusted data, the Central Statistical Office (KSH) said in...

Incubators

More than 130 startups apply for Antenna Hungária startup program

A total of 132 startups applied for the Aha! BrainStore acceleration program of Antenna Hungária, with 13 of the applicants...

Automotive

Hungary opens diplomatic mission in Vancouver

Hungary opened a diplomatic mission in Vancouver, Canada, official state news portal kormany.hu reported....

Sustainability

Duna House signs for HUF 2.4 bln loan from Raiffeisen

Hungarian real estate agency Duna House Holding said on Thursday that it has signed a contract with Raiffeisen Bank for...

Deals

Ogreco to launch e-scooter sharing service in Budapest

Ogreco, a 100% Hungarian-owned company, will soon launch its e-scooter sharing system in Budapest, after a successful presentation of the...

Office Market

HuGBC gets ‘Established’ status in WorldGBC

The Hungary Green Building Council (HuGBC) has been granted "Established GBC" status in the organization of the World Green Building...

Retail

Tourism Industry hit Hard by Labor Crisis

Higher wages and more flexible conditions could help ease labor shortage problems in the hospitality industry, according to experts the...

Sustainability

Lack of Suitable Product Puts Brake on Investment Volume

Development and liquidity in Central European markets continue to be hampered by a limited supply of investment grade product....

Incubators

SET Group partners with VC investor OXO

Budapest Stock Exchange-listed holding company SET Group has announced a strategic partnership with incubator and venture capital investor OXO Portfolio...

Retail

MikroCredit introduces non-real-time customer ID

Lender MikroCredit Zrt. is introducing non-real-time customer identification for the first time in Hungary from July, claiming it will be...

Telco

General government surplus 0.1% of GDP in Q1

Hungaryʼs general government ran a surplus - calculated according to the European Unionʼs accrual-based accounting rules - of 0.1% of...

Deals

Reverse Takeovers

In their regular investor column, Les Nemethy and Sergey Glekov look at an alternative means of taking a company public....

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...