Business

Deals

BDPST Group prepares to renovate Adria Palace

After buying a significant portion of the property, developer the BDPST Group is set to conduct a complex renovation of...

Automotive

Automotive output outpaces industrial growth in January

Vehicle and vehicle parts manufacturing output in Hungary rose 4.8% year-on-year in January, beating the overall 4.4% monthly rise in...

Office Market

Wing launches Gizella Loft office project

Developer Wing Zrt. has announced the launch of the Gizella Loft, a brand-new office project at Siemensʼ Gizella út site...

Pharma

Hankook workers strike over pay

Workers at Korean tire maker Hankookʼs plant in Dunaújváros (central Hungary) started a strike over pay at 2 p.m. Tuesday....

Telco

Hungary banking sector profits up 10% in 2018

Combined after-tax profits of Hungarian banks rose 10% to HUF 648 billion last year, according to data compiled by the...

Ecosystem

Design Terminal announces return of V4 Startup Force

Incubation agency Design Terminal and its partners have announced the return of the V4 Startup Force program, with applications open...

Pharma

Tesco SSC to create 800 jobs

A shared service center for Central Europe which U.K. retailer Tesco is setting up in Budapest will create 800 jobs,...

Deals

OTP board proposes option of separate chairman, CEO

Shareholders of OTP Bank will vote to give the board the power to separate the positions of chairman and chief...

Retail

Lidl to cut sugar, salt content of own brands by 20%

Discount supermarket chain Lidl Hungary has announced that it will decrease the salt and sugar content of its own-brand products...

Deals

BÉT announces changes to BUX, BUMIX indices

The Budapest Stock Exchange (BÉT) has announced changes to its main BUX and mid-cap BUMIX indices following a biannual review,...

Automotive

AMTS Automobile and Tuning Show at Hungexpo

This yearʼs AMTS, often dubbed Hungaryʼs biggest automotive event, will be held between March 22 and 24 at the Hungexpo...

Telco

Wabererʼs appoints new CEO

Listed road haulage company Wabererʼs International on Friday announced the appointment of a new CEO, Robert Ziegler, a former COO...

Telco

General govʼt maintains budget surplus to end of February

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 67.3 billion surplus at the end of February, the...

Telco

Insurersʼ premium revenues rise 7.1% in 2018

Hungarian insurersʼ revenues from premiums rose 7.1% in 2018 to HUF 1,024 billion, fresh data compiled by the National Bank...

Automotive

ZalaZONE, Hungarian startups showcased in Berlin

The ZalaZONE self-driving vehicle test track in Zalaegerszeg (about 180 km southwest of Budapest) joined a number of Hungarian startups...

Industrial

Growing Predominance of BTS in Industrial Development

Analysts see fewer speculative industrial development project starts, while built-to-suit projects, particularly in regional hubs in the production sector, have...

Real Estate

Optimism on Stage, Reality in the Market: Is European Real Estate Really Recovering?

The recent Portfolio Property Investment Forum in Budapest and Expo Real in Munich offered two contrasting perspectives on the commercial...

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...

Growing Predominance of BTS in Industrial Development

Analysts see fewer speculative industrial development project starts, while built-to-suit projects, particularly in regional hubs in the production sector, have...

Netlock Appoints George Tilesch to Lead AI and Global Strategy

Hungarian digital trust services provider Netlock has appointed Hungarian-American AI expert Dr. George Tilesch to its senior leadership team, effective...

Optimism on Stage, Reality in the Market: Is European Real Estate Really Recovering?

The recent Portfolio Property Investment Forum in Budapest and Expo Real in Munich offered two contrasting perspectives on the commercial...

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...