Business

Deals

Associate partner appointed at Horizon Development

The Horizon Development board is now complete after the appointment of Gabriella Sasvári as associate partner, the company has told...

Telco

AutoWallis decides on new board member, dividends

At the annual meeting of AutoWallis several important issues such as dividend payments were decided by the companyʼs shareholders  besides...

Telco

MOL Q1 earnings decline on narrower margins

Hungarian oil and gas company MOLʼs first-quarter net income fell 19% to HUF 48.6 billion from the same period a...

Sustainability

Home prices climb at slower pace in Q4

Home prices in Hungary rose at a slower rate in the fourth quarter of 2018, while the gap between prices...

Deals

Wing acquires, renames Strabag PFS

Leading Hungarian-owned property developer Wing Zrt. has bought out the 51% stake of Elitur Invest Zrt., its partner in Strabag...

Deals

Erste Bank Hungary to pay HUF 20 bln dividend

Erste Bank Hungary will pay its owners a HUF 20 billion dividend on last yearʼs earnings, the lender said on...

Interview

MNB leaves base rate, O/N depo rate unchanged

The Monetary Council of the National Bank of Hungary (MNB) left both the central bank base rate and overnight deposit...

Pharma

Pilot training center to be set up in Hévíz

Norwegian investors Central European Aviation Cluster and Pilot Flight Academy will establish a pilot training center in Héviz (about 160...

Automotive

Average monthly fuel cost came to HUF 22,000 in 2018

The average monthly fuel consumption cost of Hungarian motorists in 2018 amounted to HUF 22,000, with 73% of car owners...

Retail

Árkád mall to establish new gastro zone

Budapestʼs Árkád shopping center has begun the creation of a new gastro-space dubbed "FoodLoft" on its upper floor, with the...

Telco

MFB total assets at HUF 1,228 bln in 2018

Total assets of the state-owned Hungarian Development Bank (MFB) stood at HUF 1,228 billion at the end of last year,...

Telco

Gross wages climb 12.1% in February

The average gross wage for full-time workers in Hungary rose 12.1% year-on-year to HUF 345,900 in February, the Central Statistical...

Pharma

Mészáros firm among winners of massive rail contract

The Hungarian-Chinese consortium that won the tender to upgrade the Hungarian section of the railway line between Budapest and Belgrade...

Telco

MKB Bank profit up over 30% in 2018

After-tax profit of MKB Bank rose more than 30% to HUF 25.1 billion last year, Chairman-CEO Ádám Balog said at...

Incubators

Swedish companies cooperate to help CEE startups

Under the aegis of the Swedish Embassy in Budapest, four major Swedish companies have announced their cooperation in organizing the...

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...