Business

Transport

Freight transport performance stagnant in Q1

The performance of freight transport companies in Hungary was almost unchanged in Q1 2019 from a year earlier at 14.6...

Competition

Depersonalization Could Aide Hard-to-implement GDPR

One year on from the introduction of EU-wide GDPR regulations, the Budapest Business Journal asks local legal experts how implementation...

Deals

AutoWallis Lays out ‘Ambitious’ Plans up to 2024

Automotive service provider, AutoWallis has recently presented its long-term strategy in which it set the ambitious goal of becoming a...

Automotive

Automotive sector holds industrial output back in April

Industrial output in Hungary rose 6.3% year-on-year in April according to unadjusted data, and by 6.0% according to working day-adjusted...

Office Market

GRT Group Commences Latest Phase of Office Garden

The Hungarian developer, GRT Group, has commenced construction of the 20,000 sqm fourth phase of the Office Garden office park...

Competition

Hungary stuck at 47th on IMD World Competitiveness Rankings

Similarly to last year, Hungary places 47th on this yearʼs IMD World Competitiveness Rankings, scoring high in aspects such as...

Retail

OMV, Ionity present regionʼs fastest e-charger at Bábolna

Austrian oil and gas company OMV has equipped its Bábolna gas station on the M1 motorway with the first HPC...

Retail

Europeans favor local products, but for different reasons – survey

Europeans do not only prefer, but are actively seeking out local products when shopping, even though people have different definitions...

Retail

Hungary appeals Sodexo award with ICSID

Hungary has filed to annul an award of some EUR 73 million, before interest, to French food voucher company Sodexo,...

Automotive

New passenger car sales up 7.8% in year to date

In May 2019, some 14,207 new passenger cars were registered in Hungary, 10.4% more compared to the same month of...

Telco

Budget bill for 2020 targets narrower deficit, bigger reserves

The 2020 budget bill submitted to lawmakers Tuesday targets a narrower deficit and more than doubles reserves from this year....

Pharma

Pick to mark sesquicentenary with capacity expansion

Hungarian meat processor Pick Szeged could start building another plant in Szeged (SE Hungary) as soon as next year, CEO...

Deals

Hungarian uni students take part in Huawei talent program

Chinese telecommunications company Huawei welcomed ten Hungarian university students to its Seeds for the Future talent fostering program in Beijing...

Retail

Heat pumps the next big thing on heating market – Ariston

Italian heating systems producer Ariston Thermo, while finishing a record year globally, has retained its leading position on the Hungarian...

Telco

Pension inequality continues to grow

The gap between the smallest and the largest pensions is widening in Hungary, with nearly 21,000 elderly Hungarians receiving pensions...

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...