Business

Deals

CEO of local Deutsche Bank unit tapped to head ÁKK

Zoltán Kurali will take over as CEO of the Government Debt Management Agency (ÁKK) on September 1, the Ministry of...

Sustainability

Home purchase subsidy boosts real estate market in villages

The extension of the Home Purchase Subsidy Scheme for Families to some Hungarian villages (“Falusi CSOK”) has boosted the domestic...

Competition

E.ON tells EC it will sell Hungarian, Czech businesses

German energy group E.ON has offered to sell parts of its Hungarian electricity business to address European Union antitrust concerns...

Automotive

Magyar Suzuki sales up in 2018

In 2018, Magyar Suzuki led the market in new car sales with a 14.12% share, translating into 19,292 new Suzukis...

Telco

AutoWallis shares move to BÉTʼs premium category

Just a few months after having its new shares listed, AutoWallis is already being traded in the Equities Prime category...

Retail

Hungarians loyal to brands, but also more open to new products

Some 15% of Hungarians are loyal to products they usually buy, well above the world average of 8%, yet the...

Pharma

Austriaʼs AVL building development center in Érd

Austrian engineering company AVL laid the cornerstone on Monday of a HUF 12.5 billion regional development center in Érd, on...

Pharma

Thyssenkrupp building camshaft plant in Pécs

Germanyʼs Thyssenkrupp is building a HUF 17.4 billion camshaft plant in Pécs (SW Hungary), Minister of Foreign Affairs and Trade...

Logistics

Business confidence deteriorates, as consumer mood improves

Economic research institute GKIʼs Economic Sentiment Index, its combined gauge of consumer and business confidence, fell to 2.4 points in...

Transport

Scandal grows over Ferenc Liszt Intʼl runway problems

Budapestʼs Ferenc Liszt International Airport was closed for landings and take-offs for two hours on Wednesday evening due to emergency...

Competition

Market Talk: Private Medical Care an Increasingly Healthy Market

The private healthcare sector appears to have reached a tipping point, and what earlier used to be the privilege of...

Incubators

Helping Construction With the Power of Digitalization

Lokcheck is an award-winning Hungarian startup striving to make the construction industry more efficient through the power of digitalization and...

Industrial

Horizon Development to Redevelop Park Atrium

Horizon Development, has taken over the property management, redevelopment, leasing and marketing of the landmark 26,000 sqm Park Atrium office...

Office Market

BP to Move to Agora Budapest

Developers such as HB Reavis and Atenor are increasingly concluding preleases in the Budapest office market to help them take...

Competition

The Rankings Rollercoaster

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...