Business

Competition

Cloud tech spreading, security remains challenge

An increasing number of companies have started placing their critical operational processes into clouds, yet challenges related to cloud-based technologies...

Sustainability

Takarék Group mortgage outlays reach HUF 95 bln

Takarék Group, comprising among others twelve savings cooperatives, two regional banks and Takarék Commercial Bank, raised its mortgage outlays last...

Deals

President Áder travels to U.S.

President of Hungary János Áder will travel to the United States today on official state business. On Thursday, he will...

Telco

Alteo raises HUF 2 bln in private placement

Listed alternative energy company Alteo said on Monday it has raised HUF 2.0 billion through the issue of new shares...

Deals

ConvergenCE acquires Árpád Center

Budapest-based boutique investor, asset and property management company ConvergenCE has announced the completion of the acquisition of the Árpád Center...

Logistics

Business confidence down, consumer confidence up in March

Economic research institute GKIʼs Economic Sentiment Index, a combined gauge of consumer and business confidence, edged down 0.5 of a...

Telco

Raiffeisen profit falls in 2018 on lower provisions release

Austrian-owned Raiffeisen Bank Zrt. booked after-tax profit of HUF 23 billion last year, down from HUF 28.5 bln in 2017,...

Deals

Hong Kong trade delegation visits Hungary

A business delegation of the Hong Kong Trade Development Council (HKTDC), led by Hong Kong Secretary for Commerce and Economic...

Deals

Hankook workers reach pay deal, ending strike

Union federation VDSZ reached an agreement over wages with the management of Korean tire maker Hankookʼs plant near Dunaújváros (central...

Incubators

Free Startup Safari tickets

Startup Safari, the annual festival introducing the world of startups in a real working environment with the proactive involvement of...

Deals

Dachser launches direct shipping route to Strasbourg

Since February this year, Liegl & Dachser customers in Hungary have been able to use a new direct international shipping...

Deals

MediCall startup gets HUF 200 mln investment

MediCorp Hungary Zrt., the firm behind MediCall, a smartphone app launched two years ago in Hungary aiming to combat the...

Competition

GreenGo, ELMŰ-ÉMÁSZ expand cooperation

Carsharing services firm GreenGo and energy provider ELMŰ-ÉMÁSZ have added another element to their cooperation, as GreenGo is now also...

Telco

Hungary ICT sector revenue climbs 7% in 2018

Revenue of Hungaryʼs ICT sector rose 7.1% to HUF 3,398 billion last year, a summary of data compiled by the...

Automotive

Family car subsidies could add 10,000 to vehicle sales

A recently announced government subsidy for large families to buy passenger cars could lift sales by up to 10,000 vehicles...

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...