Business

Office Market

Protected Liget Center Changes Hands Again

Wing has purchased the 7,000 sqm Liget Center Office, a protected Hungarian building as an example of Hungarian modernist functional...

Telco

Stockpiling before tax changes lifts Zwack profit

After-tax profit of Zwack Unicum, Hungaryʼs best-known spirits maker, rose 20% year-on-year to HUF 2.6 billion in the firmʼs business...

Office Market

S IMMO starts 2019 with large-scale deals

Vienna-based real estate investment firm S IMMO began 2019 with several large deals on the Budapest market, including the purchase...

Office Market

GRT Group begins Office Garden IV construction

As part of the expansion of the Office Garden office park, developer the GRT Group has started construction of the...

Pharma

Alföldi Tej inaugurates HUF 15 bln plant in Debrecen

Hungarian dairy company Alföldi Tej inaugurated a HUF 15 billion cheese and powder manufacturing plant in Debrecen on Tuesday, Hungarian...

Telco

Ministry reaches out to SMEs to develop govʼt strategy

The governmentʼs support strategy for SMEs is being developed after extensive social consultations, said State Secretary for Economic Planning and...

Telco

Deficit confirmed at 3.9% of full-year target by end of April

Hungary’s general government, excluding local councils, ran a HUF 39 billion deficit at the end of April, reaching just 3.9%...

Telco

UkrTransNafta resumes oil deliveries through Druzhba pipeline

Ukraineʼs UkrTransNafta resumed deliveries of Russian crude to Hungary through the Druzhba pipeline on Tuesday after receiving notification from the...

Telco

CIG Pannónia Q1 profit falls as premiums revenue stagnates

Insurer CIG Pannóniaʼs first-quarter after-tax profit fell 16% year-on-year to HUF 508 million as revenue from premiums was flat, an...

Telco

AutoWallis raises capital in subsidiary

The board of directors of listed company AutoWallis has increased the equity of its subsidiary, Wallis Automotive Europe (WAE) Kft....

Telco

K&H Bank Q1 profit falls on one-offs

K&H Bank, the Hungarian unit of Belgiumʼs KBC, had first-quarter after-tax profit of HUF 12.2 billion, down 19% year-on-year, the...

Telco

4iG reaches HUF 280 mln after-tax profit in Q1

Listed IT company 4iG had HUF 280.5 million after-tax profit in the first quarter of 2019 compared to a HUF...

Office Market

Futureal sells Advance Tower to Erste

Property developer the Futureal Group has reached an agreement with Erste Real Estate Fund regarding the sale of the Advance...

Office Market

Orbán unveils Renoir nude at OMRRK inauguration

The state of Hungary has purchased a painting by the French Impressionist Pierre-Auguste Renoir for USD 12.3 million for the...

Retail

Tungsram donates lamps to Transylvanian childrenʼs homes

Marking the International Day of Light, Tungsram has donated 12,000 lamps to Franciscan monk Csaba Böjteʼs Transylvanian childrenʼs homes, according...

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...