Business

Telco

Shopping spree lifts Q1 OTP profits

First-quarter after-tax profit of OTP Bank climbed 12% year-on-year to HUF 72.6 billion, lifted by the consolidation of acquisitions, an...

HR

Lidl wins ‘Trusted Employer’ award

Discount supermarket chain Lidl Hungary has received the "Trusted Employer" award from the German-Hungarian Chamber of Industry and Commerce (DUIHK)...

Sustainability

Office Becomes the Sector of Choice for Investors

The office market is regarded as the investment destination of choice with strong fundamentals such as high demand, low vacancy,...

Office Market

Interior, Exterior Design Carving-out a Higher Profile

With developers striving to deliver ever more highly-specified office complexes that integrate and contribute to the infrastructure and feel of...

Office Market

Competition for Development Plots Increasing

In a very compact such as Budapest, city one of the challenges for developers is sourcing suitably-sized, well-located development plots...

Industrial

Low Vacancy Continues to Shape Budapest Office Market

Demand in the Budapest office market has continued to boom with vacancy falling to some of the lowest levels on...

Competition

Gathering Clouds may Pave way for More AI

Cloud-based solutions are becoming increasingly common in the Hungarian business world, as fears and suspicion fade away, with AI as...

Retail

Lubricating the way to Brand Awareness

In an exclusive interview with the Budapest Business Journal, Alexander Sokolov, managing director of URT Oil Trade Kft. talks about...

Retail

AI Community Needs Coordination to Thrive

There’s a lot more going on in the realm of artificial intelligence in Hungary than you might think. However, isolated...

Ecosystem

Hungary Keen to Catch up in Innovation

While Hungary is doing respectably well compared to its regional competitors, the country, and most especially its SMEs, still lag...

Industrial

Constricted Industrial Supply Encourages Preleases

An estimated 24,000 sqm of space was added to the Budapest industrial market with deliveries at the Airport City Logistic...

Sustainability

Limited Number of Investment Assets Restricts Liquidity

Around EUR 1.7 billion in commercial real estate transactions was concluded in 2018 and an estimated EUR 1.3 bln-1.5 bln...

Deals

Horizon names business development director

Real estate developer Horizon Development has announced the appointment of Tamás Ádány, ex-CEO of OTP Real Estate Plc., to the...

Telco

General govʼt deficit reaches 3.9% of full-year target

Hungaryʼs general government, excluding local councils, ran a HUF 39 billion deficit at the end of April, some 3.9% of...

Telco

Higher costs drag MTel earnings lower in first quarter

First-quarter after-tax profit of Magyar Telekom dropped 58% year-on-year to HUF 4.0 billion as costs outpaced revenue growth, an earnings...

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...