Business

Telco

Tungsram books HUF 4.7 bln loss in first 9 months

Hungaryʼs Tungsram group - formed in a management buyout from GEʼs lighting business in Europe, the Middle East, Africa and...

Telco

Digi expands countryside mobile coverage

Telecommunications company Digi has expanded the availability of its freshly launched mobile telecommunications service in the countryside, the company told...

HR

Only half of employees satisfied with their job – Deloitte

Only 49% of employees are satisfied with their job, which makes retaining people even harder in the current tight labor...

Sustainability

Investments up 26% in Q1 2019

In the first quarter of 2019, the dynamic expansion in investment that marked the whole of 2018 intensified further, as...

Telco

Gross wages up 11% in first quarter

The average gross wage for full-time workers in Hungary rose 10.2% year-on-year to HUF 367,200 in March, the Central Statistical...

Retail

Data security fears hinder spread of online banking services

While Hungarians are generally well prepared to handle their finances compared to other countries in the region, the popularity of...

Retail

Austrian XXXLutz taking over Kika stores in region

Austrian furniture and decoration retailer XXXLutz will take over 22 Kika stores in the Czech Republic, Slovakia, Hungary, and Romania...

Deals

József Vida confirms TV2 purchase

Hungarian businessman József Vida will acquire the TV2 Groupʼs media portfolio pending approval from the Competition Office (GVH), the commercial...

Deals

Different Asset Classes: Part I

In the first of a series of articles on asset classes, Les Nemethy and Sergey Glekov look at the choices...

Telco

Hungary to receive good-quality oil by Wed evening

By evening, clean crude oil will reach Hungary through the Druzhba, or "Friendship," pipeline, Igor Dyomin, an advisor to the...

Telco

Duna House Q1 earnings fall on base effect

First-quarter after-tax profit of listed real estate broker and property developer Duna House fell 74% year-on-year to HUF 166 million...

Deals

Airbus Helicopters, state to build parts factory in Gyula

Airbus Helicopters and the government of Hungary have announced that they will jointly build a helicopter parts factory in Gyula...

Retail

Eyewear Entrepreneur Tipton Swimming With Sharks

The third episode of the first Hungarian edition of global TV franchise “Shark Tank”, where hungry entrepreneurs pitch to potential...

Deals

DIGI enters mobile market

Hungarian telecom services provider DIGI Kft. announced the launch of mobile services on its own network on Monday, according to...

Telco

BGE launches HUF 1 bln innovation center in Zalaegerszeg

The Budapest Business Schoolʼs (BGE) faculty in Zalaegerszeg (227 southwest of Budapest) launched a nearly HUF 1 billion Innovation and...

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...